By Neena Sachdeva , 18 May 2026

Indian benchmark equity indices ended marginally higher on Monday after recovering from steep intraday declines, supported primarily by renewed buying interest in information technology and select heavyweight stocks. Despite heightened market volatility triggered by rising crude oil prices and geopolitical tensions in West Asia, investors selectively accumulated quality large-cap counters, helping the market regain lost ground by the closing bell.

By Keshav Sharma , 18 May 2026

The Reserve Bank of India has promoted Gunveer Singh to the position of Executive Director, reinforcing the central bank’s focus on strengthening India’s rapidly evolving payments and settlement ecosystem. Singh previously led the Department of Payment and Settlement Systems as Chief General Manager-in-Charge, playing a significant role in overseeing critical aspects of the country’s digital financial infrastructure.

By Harish Thapar , 16 May 2026

India witnessed a fresh increase in retail fuel prices on Friday after oil marketing companies raised petrol and diesel rates by Rs 3 per litre each, reflecting rising pressure from elevated global energy prices. The move marks another significant adjustment in domestic fuel costs as international crude oil markets remain volatile amid geopolitical tensions and supply-side uncertainties. Analysts believe the price revision could have broader implications for inflation, transportation costs, and household spending patterns.

By Keshav Sharma , 16 May 2026

Patel Engineering reported a sharp rise in profitability for the March quarter, with consolidated net profit more than doubling to Rs 71.49 crore compared with Rs 32.80 crore a year earlier. The improvement was primarily driven by a substantial reduction in operating expenses, despite a decline in overall income during the period. The company lowered quarterly expenses to Rs 1,311.3 crore from Rs 1,498.3 crore in the corresponding quarter last year.

By Harish Thapar , 16 May 2026

Rapido has raised USD 240 million in a fresh funding round led by Dutch investment firm Prosus, strengthening the company’s position in India’s rapidly evolving mobility market. Existing investors including WestBridge Capital and Accel also participated in the financing round. The investment values Rapido at USD 3 billion on a post-money basis and takes its cumulative funding to approximately USD 730 million.

By Neena Sachdeva , 16 May 2026

Alembic Pharmaceuticals Ltd reported a robust 29 percent increase in consolidated net profit for the fourth quarter ended March 31, reflecting sustained revenue growth across its business segments. The company posted quarterly net profit of Rs 202.7 crore compared with Rs 156.89 crore in the corresponding period last year. Revenue from operations also rose to Rs 1,847.72 crore, highlighting resilient demand and steady operational performance despite rising expenses.

By Neena Sachdeva , 16 May 2026

India’s public sector banking industry recorded a significant improvement in asset quality during fiscal year 2025-26, with loan write-offs falling to multi-year lows across several major lenders. The decline reflects stronger recovery mechanisms, reduced bad loan inflows, and improved credit discipline across the banking system. Major institutions including Bank of Baroda, Punjab National Bank and Union Bank of India reported some of their lowest write-off levels in years.

By Vibha Dhawan , 16 May 2026

India’s benchmark equity indices ended lower on Friday after surrendering strong early gains amid renewed investor concerns over surging crude oil prices and sector-specific selling pressure. The BSE Sensex declined 160.73 points to close at 75,237.99, while the NSE Nifty slipped 46.10 points to settle at 23,643.50, breaking a two-session winning streak. Weakness in metal, oil and gas, and PSU banking stocks weighed heavily on sentiment despite a positive start to the trading session.

By Vibha Dhawan , 16 May 2026

ITC Hotels reported a robust financial performance for the March quarter, posting a 23.1 percent rise in consolidated net profit to Rs 317.43 crore amid sustained growth in India’s hospitality sector. Revenue from operations also climbed significantly to Rs 1,253.70 crore, reflecting rising travel demand, stronger occupancy trends, and improving premium hospitality consumption. Alongside its earnings announcement, the company revealed plans to acquire Zuri Hotels and Resorts for an enterprise value of Rs 205 crore, signaling a strategic expansion of its hospitality footprint.

By Keshav Sharma , 16 May 2026

Ola Electric Mobility Ltd has approved a major capital infusion of Rs 2,000 crore into its technology and battery subsidiaries as the company accelerates efforts to strengthen its position in India’s rapidly evolving electric vehicle market. The investment, cleared during a board meeting on May 15, includes Rs 500 crore allocated to Ola Cell Technologies Pvt Ltd through compulsory convertible preference shares. The move reflects Ola Electric’s long-term strategy to deepen vertical integration, enhance battery manufacturing capabilities, and expand proprietary technology infrastructure.