IBC 2.0 Takes Effect as MCA Notifies Major Insolvency Reforms
The Ministry of Corporate Affairs has activated 57 clauses of the Insolvency and Bankruptcy Code Amendment Act 2026, ushering in “IBC 2.0.” The reforms tighten timelines—NCLT must rule on applications within 14 days, NCLAT appeals within three months, and liquidation capped at 180 days, extendable by 90. They also embed creditor‑led resolution, require the Committee of Creditors to document selection reasons, and operationalise a cross‑border insolvency framework. Collectively, the changes aim to shift the IBC from a litigation‑heavy regime to a faster, creditor‑driven restructuring system.
Experts Urge Import Curbs and Tax Reforms Amid West Asia Crisis Risks
Economists and tax experts at the Think Change Forum warned that the West Asia crisis could deepen India’s $333 bn trade deficit and called for a “selective economic doctrine” focused on tax moderation, import discipline, and stronger trade‑defence measures. Their white...
Signs of El Niño Emergence by June, Says Australian Met Body
Australia’s Bureau of Meteorology says the tropical Pacific is moving toward an El Niño, with sea‑surface temperatures expected to cross the official threshold by June 2026. Climate models agree on at least a moderate‑strength event, though a stronger episode cannot be...
No Blanket Extension on ALMM for Solar PV Cells Beyond June 1: MNRE
India’s Ministry of New & Renewable Energy (MNRE) announced that the deadline for compliance with the Approved List of Models and Manufacturers (ALMM) List‑II for solar PV cells will remain June 1, 2026, with no blanket extension. Projects commissioned before that date...
Rising Fuel Prices Drive Car Buyers Towards EVs and Hybrids
Petrol prices in Delhi have surged past ₹100 per litre (about $1.20), the highest in a decade. The spike is prompting Indian car and two‑wheeler buyers to reconsider running costs, with dealers reporting a noticeable uptick in inquiries for electric...
IRFC Signs ₹13,527 Cr Refinancing Deal for Hyderabad Metro to Support Expansion and Cut Debt Costs
Indian Railway Finance Corporation (IRFC) has signed a ₹13,527 crore ($1.65 billion) 20‑year term‑loan with L&T Metro Rail Hyderabad to refinance the city’s metro debt. The loan replaces higher‑cost instruments such as NCDs and commercial papers, offering zero processing fees and no...
DP World Mundra Terminal May Drive $9.2 Billion GDP Boost by 2035: Oxford Economics Report
DP World’s Mundra International Container Terminal (MICT) is poised to add $9.2 billion to India’s GDP by 2035, according to Oxford Economics. Since its 2003 launch, the greenfield facility has processed over 19 million containers and handles vessels up to 19,200 TEU, linking...
Strait of Hormuz Disruption Boost Bunkering Business at Cochin Port
The West Asian crisis and reduced traffic through the Strait of Hormuz have redirected bunkering demand to India’s Cochin Port. Bunker fuel deliveries rose to 4.63 lakh tonnes in FY 26, a 31% jump from FY 25, with February and March volumes exceeding 50,000 tonnes...
Cement Demand Recovery, Price Hikes Eyed in June as Costs Weigh on Margins: Report
India's cement sector saw muted demand in May 2026, hampered by labor shortages, unseasonal rains, and election‑related disruptions across most regions. The western market was the lone outlier, posting a modest demand uptick. While April price hikes remain in effect,...
India Should Now Focus on FTA Implementation, Utilisation by Exporters: Experts
India’s trade policy focus must shift from signing free‑trade agreements to ensuring their practical use, experts say. Current utilisation of FTAs hovers around 25%, far below the 70‑80% rates seen in developed economies, leaving a large gap between negotiated market...
Retail Fuel Price Hike 'Inevitable' If Global Oil Pressures Persist: BPCL's Director HR
BPCL’s HR director Raj Kumar Dubey said a further retail fuel price increase is inevitable if global oil market volatility continues. He outlined three policy options: pass the hike to consumers, absorb losses within petroleum firms, or fund the gap...
From SMS Crop Alerts to Autonomous Farm Intelligence
Indian agriculture has moved from simple SMS weather alerts to sophisticated AI-driven farm intelligence, but the transition has exposed a persistent gap between information and actionable support. Early SMS campaigns delivered data without credit, market or insurance linkages, while later...
When Freight Finds Flow, Nations Find Growth
India’s expanding highway network is finally aligning freight flows, turning fragmented, inefficient commodity movement into a predictable, high‑speed system. Projects such as the Samruddhi Mahamarg and the Delhi‑Mumbai Expressway are enabling cold‑chain warehousing and turning previously bypassed districts into logistics hubs....
NUE Fertilizers Set to Safeguard Food Security Amid Global NPK Shortages From Ongoing Wars
High‑nutrient‑use‑efficiency (NUE) fertilizers are being promoted as a solution to global NPK shortages caused by Middle‑East conflicts and other supply disruptions. By delivering nutrients more precisely, these products can cut bulk fertilizer use by 25‑50 % while boosting yields 10‑40 %. The...
Why Investors Are Moving From Farm Inputs to Drone-Powered Farm Intelligence
Investors in India are pivoting from traditional farm inputs to intelligence‑driven agriculture, with drones emerging as the core data tool. Equipped with sensors, drones now monitor crop health, pest pressure, water stress and nutrient gaps, delivering real‑time insights to smallholders....
Allcargo Terminals Posts ₹9 Crore Q4 Profit on Higher Cargo Volumes
Allcargo Terminals posted a net profit of ₹9 crore (≈$1.1 M) in the March quarter, reversing a ₹2 crore loss a year earlier, thanks to higher cargo volumes and operational improvements. Revenue climbed 12% to ₹208 crore (≈$25 M) and EBITDA rose 31% to ₹44 crore...
Air India Flight From Bengaluru Makes Emergency Landing in Delhi After Engine Fire Alert
Air India flight AI2802, an Airbus A320 from Bengaluru to Delhi, declared an engine fire alert on final approach and performed an emergency landing at Delhi airport on May 21, 2026. The left‑engine fire was confirmed by the cockpit crew, prompting standard emergency...
Chennai Division Accelerates Railway Infrastructure Upgrades
The Southern Railway’s Chennai Division has completed a series of track‑renewal, formation‑strengthening, and curve‑correction projects during the 2025‑26 fiscal year. These engineering works have allowed permanent speed restrictions to be lifted on several key corridors, raising the permissible speed from...
NCLAT Says NCLT Cannot Directly Order SFIO Investigation
The National Company Law Appellate Tribunal (NCLAT) ruled that the National Company Law Tribunal (NCLT) lacks authority to directly order a Serious Fraud Investigation Office (SFIO) probe, reserving that power for the Central Government under Sections 212 and 213 of the Companies...
Air New Zealand Sees Strong Growth From India, Improves Access via Singapore
Air New Zealand is adding a new Singapore‑Christchurch service that will run three times a week and provide over 34,000 seats during the peak season. The route complements the airline’s existing Auckland‑Singapore flights and expands capacity for Indian travelers heading to...
How India’s LPG Shortage Is Driving up California’s Gasoline Prices
India's LPG shortage forces refiners to slash alkylate output, cutting exports to California by nearly half. Alkylates are a key feedstock for the state’s ultra‑clean gasoline blend, and the reduced supply is pushing retail prices above $6 per gallon as...
GMR Hyderabad International Airport Commissions Cargo Terminal 2
GMR Hyderabad International Airport commissioned Cargo Terminal 2, a 16,864 sq m facility designed for efficiency and scalability. The terminal launches with a handling capacity of roughly 50,000 metric tonnes per year, with built‑in space to double that to 100,000 tonnes. It features dedicated inbound/outbound zones,...
New Fuel-Efficiency Rules, Global Testing Systems Could Raise Car Prices, Lower Mileage
India will replace its Modified Indian Driving Cycle with the global WLTP test on April 1, 2027, while tightening Corporate Average Fuel Efficiency (CAFE III) targets. The new regime will make certified mileage and electric‑vehicle range appear 10‑20% lower, prompting automakers to add...
India Poised for Strong Growth Revival Despite Global Risks: Morgan Stanley
Morgan Stanley’s new India Equity Strategy Playbook says the country is on the brink of a fresh growth cycle, driven by supportive fiscal and monetary policies, robust domestic demand, and a rebound in corporate earnings. Earnings growth is turning after...
Delhi Cuts VAT on Aviation Fuel From 25% to 7% Amid Global Fuel Uncertainty
The Delhi government cut the value‑added tax on aviation turbine fuel from 25 percent to 7 percent in a cabinet meeting chaired by Chief Minister Rekha Gupta. The reduction aims to lower airlines' operating costs amid global fuel price volatility caused by...
Airfares Need to Be ‘Rationalised’, Says Supreme Court
The Supreme Court urged the Union government to act on wildly divergent airfares, noting that one airline charged ₹8,000 ($96) while another asked ₹18,000 ($217) for the same economy seat on a single day. The court said interim relief is...
Centre Extends Bid Submissions to June 29 for EV Magnet Manufacturing Scheme
India’s Ministry of Heavy Industries has pushed back the bid deadline for its ₹7,280 crore (~$877 million) Rare‑Earth Magnet Manufacturing Scheme to June 29, 2026. The program offers a 15% capital subsidy and aims to create 6,000 MTPA of sintered NdFeB magnets, a component currently...
Centre Explores PLI Scheme for Seafood MSMEs to Boost Exports
India's Fisheries Department announced plans to design a production‑linked incentive (PLI) scheme specifically for seafood micro, small and medium enterprises (MSMEs). The initiative aims to boost the share of value‑added seafood in exports and expand the exporter base from roughly...
Geothermal Energy Could Unlock 450 GW Electricity Potential in India: Report
A joint study by Project InnerSpace and the Council on Energy, Environment and Water estimates that India’s geothermal resources could support up to 450 GW of electricity generation, alongside 11,000 GW of industrial heat and 1,500 GW of cooling capacity. The report projects...
India EV Battery Demand to Grow Tenfold to 200 GWh by 2032: IESA
India’s India Energy Storage Alliance (IESA) projects electric‑vehicle battery demand to surge from 20 GWh in 2025 to 200 GWh by 2032 – a tenfold increase. The forecast accompanies 2.5 million EV units sold in 2025, driven largely by two‑wheelers, and highlights a...
India Included in Revised EU List for Continued Aquaculture Exports
India has been placed on the European Union’s revised draft list allowing continued aquaculture exports, securing uninterrupted shipments beyond September 2026. The EU added India after it demonstrated compliance with the Commission’s antimicrobial‑use restrictions for food‑producing animals. The EU remains a...
Southwest Monsoon Likely over Bay of Bengal and Andaman and Nicobar by Week-End: IMD
India’s meteorological agency says the southwest monsoon will move over the south Bay of Bengal, the Andaman Sea and the Andaman and Nicobar Islands by the weekend. A low‑pressure system observed at 8:30 am on May 12 is deepening and is expected...
Future Inflation Trajectory Will Be Shaped by Pass Thru of Higher Energy Prices, Progress of Kharif Sowing
India's Economic Research Department (ERD) projects CPI at 4.5% for FY27, citing the pass‑through of higher global energy prices and a 300,000‑hectare drop in Kharif sowing as key inflation drivers. April 2026 CPI rose to 3.48% from 3.40% in March,...
PM Modi’s UAE Visit to Focus on India’s Energy Security: MEA
Prime Minister Narendra Modi will travel to the United Arab Emirates on May 15 as part of a five‑nation diplomatic tour, with the primary agenda of bolstering India’s energy security amid escalating West‑Asia tensions. The talks will focus on establishing...
Air India Looks to Suspend Flights to Key Foreign Destinations Such as Chicago
Air India, owned by the Tata Group, announced it will temporarily suspend flights to several long‑haul destinations, including Chicago, as jet‑fuel prices remain elevated. The airline has already reduced frequencies on international routes by 5‑25% in May, with North American...
Odisha’s Dhenkanal Farmers Export 3 Tonne of Mango to London
Odisha’s Dhenkanal district dispatched its first mango consignment of the season, sending 3 tonne of Amrapali mangoes to London. The shipment was organized by three farmer producer cooperatives with technical support from Palladium under the PSFPO project, backed by the Gates...
APOA Welcomes Sri Lanka’s Move to Lift Ban on Oil Palm Cultivation
The Asian Palm Oil Alliance (APOA) welcomed Sri Lanka’s announced intention to lift its ban on oil‑palm cultivation, pending final approvals and sustainability safeguards. APOA framed the move as a pragmatic step toward greater edible‑oil security, reduced import dependence, and stronger...
Chhattisgarh Goes All Out to Woo Investors in Food Processing Sector
Chhattisgarh is launching an aggressive campaign to attract food‑processing investors, leveraging its vast agricultural output of 11.5 million tonnes of paddy and 67.9 lakh tonnes of vegetables. The state’s Industrial Development Policy 2024‑30 offers a subsidy package worth up to 69 % of capital...
Gadkari Inaugurates Barrier Less Mundka-Bakkarwala Toll Plaza on UER-II
Union Minister Nitin Gadkari inaugurated the Multi‑Lane Free Flow (MLFF) barrier‑less tolling system at Delhi's Mundka‑Bakkarwala plaza, marking the second such installation in India after Gujarat's Choryasi plaza. The system uses Automatic Number Plate Recognition and FASTag to allow vehicles...
India, Peru to Hold Talks on Free Trade Pact in June
India and Peru are set to resume negotiations on a bilateral free‑trade agreement in June, with a target to seal the pact by the end of 2026. The talks will include a dedicated chapter on critical minerals, reflecting Peru’s status...
Electronics Exports Among Top 3 Items From India, to Grow More in Future: Vaishnaw
India's electronics exports have risen to become one of the top three export categories, with smartphones now the single largest exported item. The government reported roughly ₹30,000 crore (about $3.6 billion) in electronics component shipments to neighboring markets last year. Seventy‑one domestic...
Myanmar Sees Normal Monsoon Onset, Low-Pressure Systems Stirring up Bay
Myanmar’s 2026 south‑west monsoon is on track for a near‑normal onset, with the Department of Meteorology and Hydrology projecting arrival over southern Myanmar between May 13 and May 17 and a gradual advance into the delta by May 22. Simultaneously, the agency expects...
India’s Growth to Slow to 6.7% on Waning Momentum, Oil Price Shock: BMI
India’s fiscal‑year 2026‑27 GDP growth is now projected at 6.7%, a full percentage point below the 7.7% pace recorded in 2025‑26. The downgrade stems from waning domestic momentum and an oil‑price shock linked to the Iran‑U.S. conflict, with Brent crude...
India’s Policy Push to Boost Aerospace Manufacturing: Thales
Thales says India’s new production‑linked incentive (PLI) scheme, higher defence budget and customs‑duty exemptions will accelerate aerospace component manufacturing. The Union Budget 2026‑27 earmarks roughly ₹7.85 lakh crore (about $95 billion), a 15% rise, while the UDAN programme allocates ₹28,840 crore ($3.5 billion) to develop...
India's Mining Sector Can Create 25 Million Jobs by 2047: Report
A Deloitte‑ICC report projects India’s mining sector could add roughly $500 billion to GDP and generate up to 25 million direct and indirect jobs by 2047. Achieving this scale requires a shift from Mining 4.0 to “Mining 5.0,” where AI, digital twins, autonomous operations...
Frontier Air Reports Hitting a Person on the Runway at Denver International Airport
On May 9, 2026, Frontier Airlines Flight 4345, an Airbus A321 bound for Los Angeles, aborted take‑off from Denver International Airport after striking a person on runway 17L. The impact caused a brief engine fire that was quickly extinguished, and the runway was closed for...
Jayen Mehta, MD GCMMF Unanimously Elected as Chairman of SPCDF
Jayen Mehta, Managing Director of Gujarat Cooperative Milk Marketing Federation (GCMMF), was unanimously elected chairman of the Sardar Patel Co‑operative Dairy Federation (SPCDF) for a five‑year term. The election, held at AmulFed Dairy in Gandhinagar, also saw Sangram Chaudhary appointed...
Centre Tightens Labour Law Compliance for Contract Workers, Links Violations to Blacklisting
The Indian Centre has issued a procurement‑linked compliance framework that makes timely wage and social‑security payments mandatory for contractors seeking government contracts. The rules, issued by the Department of Expenditure, require monthly electronic verification of payments, strict reimbursement timelines, and...
IndiGo, Air India, Akasa Pledge to Lease over 200 Aircraft Through GIFT City
Indian carriers IndiGo, Air India, Akasa Air and Star Air announced a collective pledge to lease more than 200 aircraft through Gujarat International Finance Tec-City (GIFT City), nearly tripling the IFSC’s commercial leasing volume. IndiGo plans to expand its portfolio from...
Sale of Readymade Bakery Products Constitute Supply, Says Goa AAR
Goa’s Authority for Advance Ruling (AAR) has ruled that the sale of ready‑made bakery products—such as cakes, pastries, biscuits, bread and similar items manufactured in a factory and sold through the same business’s outlets—will be treated as a supply of...