Business
Oman offers to up petchem, fertiliser supply as FTA kicks in
India and Oman have launched a free trade agreement, enabling concessional or zero tariffs on a vast majority of goods. Oman also offered a food security pact, willing to supply more fertilizer and petrochemicals to India. The agreement includes visa benefits for Indian workers and faster pharmaceutical approvals.
Business
UPI transactions near 30L cr, increase 19%
Digital payments are booming as UPI transactions hit 2,320 crore in May, a significant jump from April. This surge reflects a robust 24% year-on-year volume growth. Meanwhile, National Electronic Toll Collection also saw a healthy month-on-month increase in both transaction numbers and value, indicating continued digital adoption across various payment platforms.
Business
At 3.2%, GST collection growth slowest in 6 months
GST collections in May saw a modest 3.2% rise to Rs 1.94 lakh crore. While domestic revenue dipped, officials attribute this to a one-off telecom payment in the previous year, asserting underlying consumption remains robust across sectors. Import GST also surged, driven by increased demand for commodities and electronics.
Business
Nandan Nilekani at 71: Steering Infosys through two critical successions
Nandan Nilekani is poised for a third term as Infosys chairman. His focus will be on succession planning, with rules requiring his exit at 75. The company is strengthening its leadership bench. Nilekani also faces the challenge of preparing Infosys for the evolving AI-driven technology landscape. This ensures stability and future growth for the IT
Business
Industrial output growth slows to 4.9% from 5.7%
Industrial production growth eased to 4.9% in April 2026, impacted by a dip in mining. However, manufacturing and electricity generation showed robust gains, pushing sequential output higher. Capital goods and infrastructure segments continue to expand strongly, indicating sustained investment, though consumer goods growth remains moderate.
Business
Sensex down 2.2k pts in four sessions as Gulf stays on boil
Dalal Street witnessed a significant downturn as crude oil prices surged due to West Asia tensions, leading to a 508-point drop in the Sensex. Foreign funds continued their selling spree, with outflows exceeding Rs 2.5 lakh crore this year. Investors are now awaiting the RBI’s policy meeting and focusing on stock-specific opportunities amid a range-bound