📰 India Business Brief: Top Headlines for May 27, 2026

Business Standard

• India and Canada Target CEPA Conclusion: Union Minister Piyush Goyal announced that India and Canada aim to conclude the Comprehensive Economic Partnership Agreement (CEPA) by November 2026, a move described as a "game changer" for bilateral trade.
• Quad Launches $20 Billion Minerals Initiative: The Quad nations have launched a $20 billion critical minerals initiative designed to secure supply chains and reduce global dependence on China for rare earth elements.
• ONGC Q4 Results: Oil and Natural Gas Corporation (ONGC) reported a 3% year-on-year rise in net profit to ₹6,650 crore for the fourth quarter, despite marginal revenue growth.
• CNG Price Hike in Delhi: CNG prices in the national capital rose by ₹2 per kg, marking the fourth hike in two weeks, driven by the ongoing conflict in West Asia.
• Maruti Suzuki Adopts Energy-Saving Mode: Maruti Suzuki India has implemented work-from-home (WFH) options and travel curbs as part of a new strategic shift toward energy conservation.

Economic Times

• Bank Holidays for Eid-ul-Adha: Banks in several Indian states, including Gujarat, West Bengal, and Uttar Pradesh, remained closed today for Bakrid, with some states observing the holiday tomorrow, May 28.
• India-US Critical Minerals Framework: India and the United States have signed a bilateral framework agreement to strengthen cooperation in critical minerals and rare earths, focusing on semiconductors and electric vehicle supply chains.
• Domestic Airfare Surge Expected: Flyers are set to face higher ticket prices as major carriers IndiGo and Air India announce cuts to several domestic routes to manage operational costs.
• Crude Oil Approaches $100: Global crude oil benchmarks hovered near $100 per barrel as markets reacted to mixed signals regarding a potential peace deal in the Iran conflict.
• BSNL Financial Turnaround: State-owned BSNL reported a 19% revenue increase over the last two years, reaching ₹25,000 crore, attributed to competitive tariff structures compared to private telcos.

Mint

• Market Indices Snap Rally: The BSE Sensex dropped 479 points to settle at 76,009, while the NSE Nifty 50 fell 118 points to close at 23,913, dragged down by losses in banking and financial stocks.
• IRDAI Links Executive Pay to Ethics: The Insurance Regulatory and Development Authority of India (IRDAI) has issued new guidelines linking 50% of key performance indicators for insurance executives to the elimination of unfair practices and improved customer service.
• Zee Eyes FIFA 2026 Broadcast Deal: Zee Entertainment is reportedly in advanced talks to secure the broadcast rights for the FIFA World Cup 2026 in India.
• Fuel Inflation Warnings: Economists warned that recent fuel price hikes, with petrol crossing ₹102 in Delhi, could push national inflation toward the 5% mark.
• Bengaluru Food Price Alert: Local hoteliers in Bengaluru have warned of a significant hike in food prices due to rising input costs, suggesting that popular items like biryani could soon cost up to ₹500.

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