Business

India’s ambitious piped natural gas expansion is significantly behind schedule, with city gas distribution companies connecting only a fraction of the government’s daily target. Acute shortages of certified gas plumbers and weak consumer uptake, particularly in rental housing, are major impediments to achieving the 2030 goal.

PepsiCo plans to invest up to Rs 5,700 crore in India by 2030, primarily to expand manufacturing capacity for its foods business. The investment will support facilities in Madhya Pradesh, Assam, and Tamil Nadu, strengthening the company’s presence in a key global growth market. This commitment underscores PepsiCo’s long-term growth strategy in India, with some

A US-Israeli war with Iran has triggered significant global economic fallout, with companies reporting at least $25 billion in losses due to soaring oil prices and disrupted trade routes. Businesses worldwide are implementing cost-cutting measures, including price hikes and reduced production, as the conflict impacts various sectors, particularly airlines.

Economists say that if the situation does not improve in the coming days, then more hikes may be in the offing. However, the approach of gradual hikes in petrol and diesel prices is to avoid an immediate inflation shock to the economy.

Stocks of several Adani Group firms, including Adani Enterprises, Adani Green, Adani Power, Adani Ports, Adani Energy and Adani Total Gas, rose by as much as 3.5% after the case was effectively closed the securities and wire alleged fraud case in New York.

Gold price prediction today: Gold prices are unlikely to rise too much unless crude oil prices come down for a longer term duration, says Praveen Singh, Head Currencies and Commodities, Mirae Asset ShareKhan.

The government has firmly refuted widespread rumors about a plan to monetize gold held by temples and religious institutions. Asserting that such claims are “completely false” and “without any basis,” officials clarified that no scheme is being prepared to convert temple gold into bonds or designate it as “Strategic Gold Reserves.

The Indian rupee continued its decline against the US dollar, falling 18 paise to 96.38 amid rising crude oil prices and Middle East tensions. The currency has lost over 5% since late February, with concerns over geopolitical instability and foreign portfolio investor outflows pressuring its value.

In a strategic pivot, Liberty Mutual Insurance has raised its stake in Liberty General Insurance to an impressive 74%. This latest increase follows a similar upswing in September 2025, affirming Liberty Mutual’s dominance after Videocon stepped back in 2018. With its reinforced foundation, the Indian insurer is set to pursue expansive opportunities in the retail