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Saturday, May 30, 2026

Indian crude basket below $100/bbl, 1st since March 6



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5-month duty relief for cotton imports

Move To Keep Prices In Check, Aid Textile Industry

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Cotton duty relief: Textile industry welcomes import tax waiver, sees boost for exports and MSMEs

The Centre has exempted customs duties on cotton imports for five months until October 30, aiming to boost availability and reduce costs for India's textile sector. This move is expected to enhance competitiveness, particularly benefiting MSMEs and enabling garment exporters to secure orders more effectively amidst global volatility.

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Friday, May 29, 2026

Create 30-day strategic LPG reserve, govt instructs OMCs



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US stock markets today (May 30, 2026): S&P 500, Nasdaq extend record run as Dell jumps 33% on AI demand

US stocks continued their record-setting rally, driven by strong earnings and AI optimism, pushing major indices higher. Despite inflation and geopolitical concerns, investor sentiment was buoyed by hopes of a US-Iran ceasefire extension, easing energy market pressures. Technology stocks, particularly Dell, led the gains as markets closed the week on a positive note.

from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/LGUE0TY

Thursday, May 28, 2026

Subsidy bill set to spike due to fertliser payouts, cooking gas payouts

Fertiliser Outgo May Hit 3.8L Cr, Oil Cos Losing 700/Cylinder

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How India’s net FDI went from $28 billion to $1bn in 2 years



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Indian crude basket below $100/bbl, 1st since March 6

from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/Lo908EJ