Business

Rome, Italy; May 2026: The FAO Food Price Index (FFPI) is a measure of the monthly change in international prices of a basket of food commodities. It consists of the average of five commodity group price indices weighted by the average export shares of each of the groups over 2014-2016. The FAO Food Price Index (FFPI) averaged 130.7 points in April 2026, up 2.1 points (1.6%) from its revised March level, marking a third consecutive monthly increase, albeit at a…

Two major arbitration cases involving claims by concessionaires exceeding Rs. 8,375 crores and counterclaims by NHAI amounting to Rs. 2,888.64 crores were settled for a net amount of Rs. 819.96 crores in favour of NHAI. Safeguarding public funds in National Highway projects, NHAI has successfully defended two major arbitration cases related to the Panipat–Jalandhar section of NH-44. The disputes involved high-value claims raised by concessionaires against NHAI in connection with the execution and operation of the National Highway project. The…

Dr. Ashok Kumar Panda has assumed charge as Chairman & Managing Director of Steel Authority of India Limited (SAIL) on 09 May, 2026. Prior to this, he served as Director (Finance) of the Company and also held the additional charge of Director (Commercial) for about nine months during this period. Dr. Panda began his journey with SAIL as a Management Trainee (Technical) in 1992 after completing his B.E. in Electrical Engineering. Over the years, he has steadily risen to the…

Mr Gautam Adani, Chairman of the Adani Group, today said India’s Artificial Intelligence (AI) revolution must ultimately be measured by its ability to empower ordinary citizens, workers and small businesses across the country. Addressing the Confederation of Indian Industry (CII) Annual Business Summit 2026 in New Delhi, Mr Adani said India must reject the idea that AI should primarily be used to eliminate workers and automate livelihoods. “India must build AI as a force that expands productivity, creates jobs, empowers…

New Delhi, May 2026 : The board of Air India, backed by the Tata Group, has reportedly discussed a series of cost-cutting measures, including possible employee furloughs and the deferment of performance-linked bonuses, as the airline faces mounting financial pressure due to rising operational costs and ongoing geopolitical tensions in West Asia. According to multiple reports, the high-level board meeting was held at the airline’s headquarters in Gurugram and lasted for more than three hours. Discussions primarily focused on the…

San Francisco; May 2026: MNC Giant Apple today (06th May 2026) have agreed to pay US$ 250 million (S$319 million) to settle a class action lawsuit accusing it of misleading millions of iPhone buyers by falsely touting artificial intelligence capabilities for its Siri voice assistant in late 2024. Plaintiffs accused the California tech giant of having “promoted AI capabilities that did not exist at the time, do not exist now, and will not exist for two or more years” in…

New Delhi, May 2026 : In a significant move signalling long-term leadership continuity, Kiran Mazumdar-Shaw, founder and chairperson of Biocon, has formally identified her niece, Claire Mazumdar, as her eventual successor. The announcement marks a key milestone in the company’s succession planning, though the transition is expected to unfold gradually over time. Mazumdar-Shaw, one of India’s most prominent biotech pioneers, emphasised that as the primary owner of Biocon, it was crucial to ensure that the organisation’s future leadership remains capable…

India–Tanzania Trade Shows Consistent Growth, Crosses USD 9 Billion Mark The 5th Session of the India–Tanzania Joint Trade Committee (JTC) was held on 29–30 April 2026 in Dar es Salaam, Tanzania. The meeting was co-chaired by Commerce Secretary, Ministry of Commerce and Industry, Government of India, Shri Rajesh Agrawal, and Permanent Secretary, Ministry of Foreign Affairs and East African Cooperation of the United Republic of Tanzania, Amb. Dr. Samwel William Shelukindo. The session reviewed the progress achieved since the 4th…

Ahmedabad, April 30, 2026: Adani Enterprises Ltd (AEL), the flagship company of the Adani Group, announced its financial results for the quarter and year ended March 31, 2026, reporting stable earnings, sustained execution across key infrastructure businesses, and a significant structural shift toward core infrastructure-led growth. The company reported a consolidated EBITDA of ₹16,464 crore for FY26, with approximately 80% now contributed by its core infrastructure, utility, and mining services portfolio. This marks a major milestone in AEL’s transition from…

April 2026, Ahmedabad: Adani Ports and Special Economic Zone Limited (APSEZ), India’s largest integrated transport operator, announced its results for the quarter and year ended March 31, 2026. Q4 FY26 & FY26 key financials (consolidated) Particulars (₹ Cr) Q4 FY26 Q4 FY25 YoY FY26 FY25 YoY Revenue 10,738 8,488 26% 38,736 31,079 25% EBITDA 6,020 5,006 20% 22,851 19,025 20% PAT 3,308 3,023 9% 12,782 11,061 16% Comment by Ashwani Gupta, Whole-time Director & CEO “Our strong performance during the…