📰 India Business Brief: Top Headlines for May 26, 2026

Economic Times

• FM Affirms Economic Resilience Amid External Shocks: Finance Minister Nirmala Sitharaman stated that India’s domestic demand remains robust, as evidenced by an 8.3% year-on-year growth in GST revenues, which crossed ₹22 lakh crore for FY26.
• CNG Prices Hiked Again in Delhi-NCR: City gas distributors raised CNG prices by ₹2 per kg, marking the third increase in two weeks. The hike is attributed to supply chain disruptions and mounting losses linked to the ongoing conflict in West Asia.
• IRFC Enters Metro Rail Financing: The Indian Railway Finance Corporation (IRFC) signed a term loan agreement to refinance ₹13,527 crore of debt for the Hyderabad Metro Rail project, marking its strategic entry into the metro sector.
• ONGC and BP Expand Partnership: ONGC is significantly widening its collaboration with BP to enhance output from fields that account for over 70% of its gas production and 60% of its oil output.
• Corporate Cost Pressures: Hindalco Industries warned of a 5% rise in raw material costs in the coming quarters due to geopolitical tensions, while Colgate-Palmolive India shifted focus toward volume-driven growth over margin expansion.

Business Standard

• Crisil Stress Test Flags Sectoral Risks: A new stress test by Crisil reveals that 22 out of 34 sectors could see a 10% decline in operating profitability as companies struggle to pass on rising input costs to consumers.
• Taiwan Overtakes India in Stock Market Ranking: Following a massive rally in TSMC shares, Taiwan has surpassed India to become the world's fifth-largest stock market by market capitalization.
• Tata Sons Board to Review Loss-Making Units: The board of Tata Sons is scheduled to meet today to discuss the future of various loss-making entities within the conglomerate's portfolio.
• Fertilizer Subsidy Concerns: Projections suggest India's fertilizer subsidy for FY27 could exceed ₹3 trillion if the West Asia crisis continues to keep global prices elevated.
• Tech Compliance Overhaul: The Centre is reportedly looking to simplify cyber compliance and audit requirements for telecommunication companies to ease the regulatory burden.

Mint

• Markets Rebound as Nifty Hits 24,000: The Indian stock market saw a powerful recovery on Monday, with the Sensex jumping over 1,000 points and the Nifty 50 closing at 24,031, led by banking and financial stocks.
• Capital Gains Tax Cuts Under Discussion: Finance Minister Sitharaman indicated that the government is open to reviewing capital gains tax structures to address the record ₹1.8 trillion outflow from Foreign Portfolio Investors (FPIs) in FY26.
• Fuel Prices Breach Key Levels: Petrol prices in Delhi have crossed the ₹102 mark following the fourth hike in ten days, further straining household budgets.
• Power Demand Hits Record High: Amidst a severe heatwave, Delhi recorded its highest-ever May power demand at 8,439 MW, highlighting the stress on the national energy grid.
• Aviation Costs Surge: Domestic flight operations are expected to see a 7% decline in June as rising jet fuel prices and operational costs force airlines to trim schedules.

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