📰 India Business Brief: Top Headlines for May 05, 2026

Business Standard

• GIFT Nifty signals a weak opening for the Indian benchmarks as global oil prices remain elevated above $110 per barrel due to renewed US-Iran tensions.
• The Vedanta demerger is in focus as the conglomerate restructures into four new pure-play entities to improve operational efficiency and capital allocation.
• Market analysts report that 52 out of 112 IPOs launched during FY26 are currently trading below their issue price, leading to a more selective approach from investors.
• Larsen & Toubro (L&T) is scheduled to release its Q4 results today, with brokerages expecting flat net profit despite a double-digit growth in revenue.

Economic Times

• The Indian Rupee reached a historic closing low of 95.08 against the US Dollar, driven by firm crude prices and increased demand for the greenback.
• Tata Technologies reported a consolidated net loss of ₹2,132 crore for the March 2026 quarter, a significant downturn compared to the previous year's performance.
• Aviation major IndiGo has appointed Jochen Hoesch, a former AI expert from Airbus, to spearhead the airline's artificial intelligence and data analytics division.
• Axis Bank reduced its headcount by over 3,100 employees in the 2026 fiscal year, citing significant productivity gains driven by technological advancements.

Mint

• Shubham Housing Finance, an affordable-housing lender backed by Premji Invest, has started talks with investment bankers for a potential ₹2,000-crore IPO.
• Fixed deposit interest rates have seen a climb in May 2026, with major lenders like SBI, HDFC, and ICICI Bank offering returns of up to 7.75% for specific tenures.
• The Indian government has issued comprehensive new fire safety guidelines for hospitals, focusing on the use of non-combustible materials in ICUs and oxygen zones.
• Global bullion markets saw a sharp decline as gold and silver prices tumbled, with investors reacting to oil-driven inflation fears and escalating Middle East tensions.

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

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