📰 India Business Brief: Top Headlines for May 06, 2026

Business Standard

• NSE's Q4 FY26 results show a consolidated profit after tax (PAT) rise of 8%, reaching ₹2,871 crore, reflecting steady growth in the exchange's operations.
• Domestic Institutional Investors (DIIs) have officially surpassed Foreign Institutional Investors (FIIs) in Indian real estate investments for the first time since 2014.
• Technical analysts identify L&T Finance and CG Power as top "buy" recommendations, with CG Power showing a breakout from a bullish flag pattern.
• Market experts highlight strong electric vehicle (EV) demand and a diversified portfolio as key drivers for sustained growth at Sona BLW.
• The Nifty 50 index continues to consolidate around its 50-day exponential moving average at 24,180, with immediate support noted at 23,800.

Economic Times

• Twelve Indian companies have pledged over $1.1 billion in investments in the United States at the SelectUSA Investment Summit, expected to create 1,500 jobs.
• The Bajaj Auto board is scheduled to meet today to consider a major share buyback proposal aimed at returning surplus cash to shareholders.
• The Union Government has hiked the Fair and Remunerative Price (FRP) for sugarcane to ₹365 per quintal for the 2026-27 season to support farmers.
• CII President Rajiv Memani warns that prolonged conflict in West Asia could potentially drag India's GDP growth down to 6.5% for the current fiscal year.
• Raymond reports a 91% year-on-year fall in Q4 consolidated PAT to ₹12 crore, despite an 8% uptick in overall revenue.

Mint

• BlackRock-backed Global Infrastructure Partners (GIP) is reportedly eyeing dual IPOs for Pristine and Ascend at valuations near $500 million amid the infrastructure boom.
• Hero MotoCorp's Q4 results reveal a significant jump in net profit to approximately ₹1,474 crore, buoyed by strong festive and rural demand.
• Kumar Mangalam Birla has been appointed as the Non-Executive Chairman of the Vodafone Idea Board, signaling a potential shift in the telecom major's leadership strategy.
• Data for FY26 shows that MSMEs secured nearly 50% of all central government procurement orders, though experts note benefits remain skewed toward larger firms within the segment.
• Mint Incorporation Limited begins trading on a post-split basis on the Nasdaq today following a 1-for-10 reverse stock split to maintain listing requirements.

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