4 min readNew DelhiMay 13, 2026 02:08 AM IST Key stock indices fell nearly 2% on Tuesday, largely driven by a selloff in IT stocks on AI-related fears, with investor sentiment remaining downbeat on account of the ongoing West Asia crisis showing no sign of abating and Prime Minister Narendra Modi’s austerity advisory to citizens….
2 min readNew DelhiUpdated: May 13, 2026 08:14 AM IST The government has hiked import tariffs on gold and silver to 15% from 6% in an effort to cut down on overseas purchases of the metals and ease pressure on the country’s foreign exchange reserves, news agency Reuters reported. The higher duties could lower the…
3 min readNew DelhiMay 13, 2026 10:40 PM IST A day after the government doubled the duty on gold imports to 15%, Indian gems and jewellery traders have said the move will stifle export shipments amid trade disruption in the West Asia region. Gems and Jewellery Export Promotion Council (GJEPC) said that hiking the import…
The Union cabinet on Wednesday approved a new scheme to promote conversion of coal and lignite into synthesis gas (syngas) through the gasification process in a move to strengthen energy security. With an outlay of Rs 37,500 crore, the Scheme for Promotion of New Surface Coal/Lignite Gasification Projects seeks to incentivise 25 projects for production…
2 min readNew DelhiMay 13, 2026 07:55 PM IST The Union Cabinet on Wednesday approved the country’s first semi-high-speed rail project between Sarkhej (Ahmedabad) to Dholera in Gujarat. The 134-km double line will be constructed at a cost of Rs 20,667 crore for which a new train having operating speed of 200 kmph is being…
2 min readNew DelhiUpdated: May 13, 2026 07:15 PM IST Dairy giant Amul’s fresh milk is getting costlier by Rs 2 per litre across India with the company blaming an increase in “cost of operation and production of milk”. Gujarat Cooperative Milk Marketing Federation (GCMMF), which markets under the Amul brand, made its decision known…
2 min readNew DelhiUpdated: May 13, 2026 09:17 AM IST The rupee opened marginally stronger at 95.52 against the US dollar compared to Tuesday’s close of 95.63, while gold and silver prices surged nearly 6 per cent each on the MCX amid continued demand for safe-haven assets. Jewellery players expect the recent duty hike on…
2 min readNew DelhiUpdated: May 13, 2026 04:23 PM IST Air India on Wednesday said it will reduce its services on select international routes between June and August due to airspace restrictions over certain regions and record high jet fuel prices. The airline said it will continue to operate more than 1,200 international flights every…
