📰 India Business Brief: Top Headlines for May 01, 2026

Business Standard

• The price of 19-kg commercial LPG cylinders was hiked by a staggering ₹993, bringing the cost in Delhi to ₹3,071.50, though domestic rates remained unchanged.
• The Department for Promotion of Industry and Internal Trade (DPIIT) Secretary announced that FDI inflows are on track to exceed $90 billion for FY26, signaling strong global investor confidence.
• Vodafone Idea (Vi) received a significant boost as its Adjusted Gross Revenue (AGR) dues were slashed by 27% to ₹64,046 crore following a reassessment by the Department of Telecommunications.
• SEBI granted approval for the initial public offerings (IPOs) of Hindustan Laboratories and RK Steel Manufacturing Co Ltd.
• The nation observed International Labour Day (May Day) and Maharashtra Day, with various events highlighting workers' rights and the 8-hour workweek movement.

Economic Times

• Apple CEO Tim Cook stated he is "very excited" about the Indian market as the company’s sales forecast beat Wall Street expectations despite global component shortages.
• The Indian rupee touched a record low, prompting analysts to warn of an end to the "cheap-money era" in the country.
• The Reserve Bank of India’s (RBI) net short positions reached a historic record of $104 billion as the central bank manages currency volatility.
• The government imposed an export duty of ₹23 per litre on diesel and ₹33 per litre on Aviation Turbine Fuel (ATF), while the levy on petrol remains at nil.
• Mphasis reported a 14% year-on-year rise in Q4 net profit to ₹510 crore, while Tech Mahindra announced plans to acquire an 85% stake in Canada-based Avant Techno Solutions.
• Major Q4 result updates were anticipated or released for Adani Enterprises, HUL, and Maruti Suzuki.

Mint

• Global crude oil prices surged to a four-year high, with Brent crude touching $126 per barrel amid escalating conflict in West Asia and disruptions in the Strait of Hormuz.
• Private airport operators have approached the government for financial relief, citing cash-flow strain following a recent cut in landing and parking fees.
• Following the patent expiry of semaglutide in India, cosmetic clinics are reporting a massive surge in demand for "Ozempic face" corrective treatments.
• Samsung Electronics warned of a deepening memory chip shortage extending into 2027, even as its Q1 profit surged due to AI-driven demand.
• Data showed China’s factory activity expanded for a second consecutive month in April, defying pressures from regional geopolitical instability.

TAGS: Headlines, Business News, Economic Times, Business Standard, Mint, Top News

Tags: Headlines Business News Economic Times Business Standard Mint Top News