Business

Oil prices rebounded sharply on Wednesday due to renewed Middle East tensions. Concerns over global crude supplies and lower US inventories supported the market. Military developments in the region and air strikes on militant targets heightened worries. Shipping companies operating in the Gulf remain on alert amid fears of attacks. Expectations of OPEC+ pausing production

Radico Khaitan reported a 76% net profit increase for the June quarter. This growth was driven by strong demand for premium liquor brands. Easing input costs also contributed to the company’s improved financial performance. Total income rose by 10% to Rs 5,869 crore. Overall liquor volumes saw a modest increase of 2.8%.

The Delhi High Court has ordered the winding up of Paytm Payments Bank. This directive follows the Reserve Bank of India’s cancellation of its banking license. The court appointed Girikumar M Nair as the official liquidator for this process. RBI had previously cancelled the bank’s license with immediate effect. These actions stem from concerns over

Air India’s transformation journey is now a decade-long endeavor. Supply chain disruptions and legacy system overhauls present significant challenges. The aviation industry faces constant pressures from global conflicts and fuel costs. Recent events like airspace closures and foreign exchange fluctuations impacted operations. This extended timeline reflects a realistic assessment of the airline’s complex revitalization.

Noel Tata’s three children are now Tata Sons shareholders after inheriting shares. They each received two Tata Sons shares from their grandmother, Simone Tata. Simone Tata held eight shares before her passing in December 2025. Her holdings were divided equally among her son and grandchildren. This inheritance marks the first time these individuals appear as

Public sector banks report significant financial improvements and record profits. Bad debt levels have fallen to their lowest point in decades. The government has supported banks through capital infusions and legislative measures. Credit growth has accelerated across various economic sectors. Schemes like ECLGS continue to support businesses and credit flow.

Hindustan Unilever anticipates further price increases in coming months due to volatile commodity costs. The company projects inflation to remain between two and five percent for the September quarter. Demand for household staples remained stable, driving growth to a thirteen-quarter high. HUL’s revenue from operations increased by ten percent in the first quarter. The company

Industrial production surged 7.3% in June, a 22-month high, driven by manufacturing and electricity growth. This strong performance occurred despite global uncertainties and an erratic monsoon season. The first quarter saw industrial output grow 5.8% compared to the previous year. Several manufacturing sectors, including electrical equipment and motor vehicles, showed robust expansion. However, risks from

New amendments to the MSME Development Act will ensure faster payments for small businesses. Mandatory digital invoicing and stronger protections against delayed payments are proposed. The government aims to improve liquidity for these vital enterprises. Dispute resolution will be accelerated through new facilitation councils. A free national digital registration platform will also be introduced.