Author: Abizar Attari
News Editor

New Delhi: After PM Modi requested the public to avoid unnecessary purchases of gold and silver, the government has taken concrete action by doubling the import duties on gold and silver from 6% to 15% effective immediately.  According to notifications by the Finance Ministry on May 12, the import tax on gold and silver totals almost 18.4% now.  This abrupt increase comes at a time when India has had to curtail non-essential imports given the increasing pressure on our finances following the unending blockade of the Strait of Hormuz affecting global oil supplies.  Macroeconomic Urgency This aggressive tariff hike comes…

Mumbai: Capri Global Capital Ltd, a Mumbai-based Non-Banking Financial Company (NBFC), has announced a key milestone with its gold loan business now extending to 1,000 branches across the country. This has reinforced its commitment to expand accessible and timely credit solutions across urban, semi urban and rural markets.  Over time, the company has diversified its presence across 16 states and union territories, with a higher concentration in Rajasthan (168 branches), Uttar Pradesh (136 branches), Gujarat (134 branches) and Madhya Pradesh (117 branches). Besides that, its network has extended further into Maharashtra, New Delhi, Telangana, Odisha, Andhra Pradesh, Uttarakhand, Bihar, Punjab,…

Bengaluru: Kofluence, a leading Ad-Tech influencer marketing platform, released its Decoding Influence: Annual Research Report 2026. The report complied data from over 2 million creators, 1,000+ surveys and in-depth interviews with leading creators in the industry. According to the report, the influencer marketing sector is currently valued at ₹3,000-3,500 crores and is projected to reach up to ₹4,500-₹5,000 crore by 2027, with a staggering 22% CAGR. This comes at a time when the creator economy has become a crucial part of marketing initiatives, boosting deep brand integration, creator professionalization and the institutionalization of influencer marketing initiatives. “With 15% of India’s…

Solapur: Balaji Amines Limited has delivered stellar numbers for Q4 FY26, even as the company has faced challenges with raw material supply disruptions for its specialty chemicals business.The company has reported a 30% year on year (YoY) surge in PAT in Q4 FY26 to Rs.62 crore from Rs.40 crore reported for the same period last year. Its EBITDA margin has also increased to 26%, with the PAT margin increasing to 17% as well. The Board of Directors has also recommended a final dividend of Rs.11 per equity share for FY26. Operating Leverage: Margin Expansion Explains the Surge Despite the challenges…

India has been on an FTA spree lately, with India operationalizing Free Trade Agreements (FTAs) with New Zealand, Australia and the UAE in 2025 alone. With this, India has now signed FTA agreements with nine countries in the past three years, taking the total FTAs to 38 countries. ​“We have decided in FY27 let’s aspire for a $1 trillion exports target, 16-17 percent growth; this is not impossible with the FTAs coming up, logistics costs coming down along with states and ease of doing business,” Goyal said at the CII Annual Business Summit 2026 in New Delhi. This comes at…

Bengaluru: In a significant relief to Embassy Developments Limited, the Karnataka High Court has ruled in favor of the Bengaluru-based real estate firm, lifting a major regulatory roadblock over its premium tech park project. The ruling, passed on May 12, allows Embassy East Business Park Limited (EEBPL), a subsidiary of the company, to retain possession of the Kadugodi Industrial Area Land. The land, measuring more than 78 acres, was being developed by EEBPL for a technology park in East Bengaluru. This development is the second positive legal achievement for the company, after the National Company Law Appellate Tribunal (NCLAT) quashed insolvency…

In a rare move, PM Modi, has, on two separate occasions, made a direct appeal to citizens to avoid unnecessary travel, to embrace Work From Home and to reduce non-essential gold purchases. This comes at a time when India cannot shield its population from price rise anymore, especially as it has, so far, not increased petrol and diesel prices despite crude oil being more than 50% dearer since the start of the Middle East conflict. India is the last developing country to shield its population from the conflict, even as neighbouring Bangladesh, Sri Lanka and Pakistan have already increased their…

New Delhi: The National Testing Agency (NTA) cancelled the NEET-UG exam on May 12, after reports emerged of a ‘guess paper’ that was widely circulated through Telegram and offline before the exam. This paper contained almost 120 questions asked in the Chemistry paper exactly, out of the 410 questions. Many sold the paper online for up to ₹2 lakh even as genuine candidates spent months preparing for the exams.  https://www.youtube.com/watch?v=Uka4JyfDvVI “I don’t understand why the paper was given to the candidates in the first place,” Khan sir said.  “The NTA should be renamed as the ‘Never Trustable Agency,”…

New Delhi: On May 12, the Competition Commission of India (CCI) has officially approved Adani Power’s acquisition of a 100% stake in GVK Energy Ltd. The company is under insolvency, burdened with a debt of ₹ 15,576 crore, zero operating revenue and a $2.19 billion legal claim in the UK.  C-2026/03/1394 : CCI approves acquisition of 100% share capital of GVK Energy Limited by Adani Power Limited pic.twitter.com/beDAH8uKD7 — CCI (@CCI_India) May 12, 2026 GVK has already sold its airport holdings to Adani, and its power projects come next. For the Hyderabad-based conglomerate, this may be the end of the…

Vadodara: Ratnaveer Precision Engineering Ltd. (RPEL) announced a 20.37% rise in consolidated revenue to ₹1,078.41 crore in FY26 as against ₹ 895.53 crore reported last year. This has also meant a 37.33% rise in Profit After Tax to ₹64.30 crore and a EBITDA margin of 29.08% for the same period.  The Gujarat-based precision engineering company has attributed this rise to strong volume growth, particularly in washer exports, which accounted for 35% of its revenue in FY26. Overall, its production volumes have increased to 46,668 MT as against 36,129 MT, a growth of 29.17%. The company is looking to expand its…