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 15 May 2026 07:04 PM   EconomicTimes

SC appointed panel says all deals involving Supertech Realtors' project need its approval

A Supreme Court committee now requires prior written approval for any property deals in Supertech Realtors' Noida 'Supernova' project. This applies to sales, transfers, and creation of third-party rights. Transactions without this permission will be void. The committee aims to revive the stalled project, with PwC appointed as Transaction Advisor. Justice M M Kumar chairs the committee.

 15 May 2026 06:52 PM   EconomicTimes

RBI imposes penalty on IIFL Finance

The Reserve Bank of India has fined IIFL Finance Rs 3.1 lakh for not returning surplus amounts from gold auctions to borrowers. Appnit Technologies faces a Rs 5.8 lakh penalty for KYC and PPI rule violations. These actions stem from regulatory compliance deficiencies identified during inspections. The RBI's move highlights its commitment to enforcing financial regulations.

 15 May 2026 06:48 PM   EconomicTimes

From kitchen storage to recycling bins: How Deposit Refund Schemes can change India’s plastic economy

India is exploring Deposit Refund Schemes (DRS) to tackle plastic waste, where consumers pay a small deposit on packaged products, refunded upon return for recycling. This initiative aims to improve collection rates and boost the recycling system, though integration with the existing informal sector and consumer convenience are key challenges.

 15 May 2026 06:32 PM   EconomicTimes

Beyond metros: How small towns are driving the next wave of India’s e-commerce

India's e-commerce boom is expanding beyond metros, with Tier-2 and Tier-3 cities now driving significant new demand. Improved internet, digital payments, and logistics are unlocking this potential, transforming smaller towns into the core of digital commerce growth. Businesses are adapting with distributed infrastructure and D2C models to serve this evolving market.

 15 May 2026 06:28 PM   EconomicTimes

Air India's challenges 'largely external', transformation a long game: Singapore Airlines CEO

Air India's transformation is a long journey with no quick fixes, according to Singapore Airlines CEO Goh Choon Phong. The Indian carrier faces significant external challenges. These include the ongoing Pakistan airspace closure and a depreciating rupee. Air India's losses were substantial in the last fiscal year. The company is actively working on its transformation program.

 15 May 2026 06:20 PM   EconomicTimes

NABARD acquires leasehold rights to MTNL’s BKC campus in Rs 351 crore deal

NABARD has made waves by securing a prestigious commercial site in Mumbai’s vibrant Bandra-Kurla Complex. The development-focused institution acquired leasehold rights from MTNL for more than 350 crore rupees, which includes two significant structures on a substantial land parcel.

 15 May 2026 05:50 PM   EconomicTimes

Officer’s Choice whiskey maker targets premium spirits segment despite war-linked inflation worries

Allied Blenders and Distillers sees strong growth in premium spirits. The company prioritizes profitability over mass volumes. This strategy focuses on premium and luxury segments for future expansion. Demand for higher-margin products remains steady. The company expects improved EBITDA margins by fiscal year 2028. Supplies to Middle Eastern markets are resuming.

 15 May 2026 05:30 PM   EconomicTimes

Govt extends bid deadline for Rs 7,280 crore rare earth magnet scheme till June 29

India is boosting its manufacturing of powerful rare earth permanent magnets. The government has extended deadlines for a major scheme to encourage domestic production. This initiative aims to build a complete value chain for these magnets. It will reduce import dependence and position India as a key global player.

 15 May 2026 04:50 PM   EconomicTimes

Monika Alcobev FY26 revenue up 39% to Rs 310.36cr, Q4 PAT up 22% to Rs 22.3 cr

Monika Alcobev has announced a substantial profit increase of 22 percent for the March quarter of FY25-26. The company's revenue also saw a significant rise. For the full financial year, profit grew by 39 percent. This growth was fueled by popular categories like premium tequila, Irish whiskey, and imported wines.

 15 May 2026 04:47 PM   EconomicTimes

India braces for more fuel hikes as Iran war forces Modi’s hand

Consumers in India are bracing for more fuel price increases. A recent modest hike in diesel and gasoline prices aims to ease the burden on households. However, refiners indicate significant losses due to high global oil prices. The government is encouraging fuel conservation measures. Further price adjustments are anticipated if crude oil prices remain elevated.

 15 May 2026 04:46 PM   EconomicTimes

Better recoveries, low slippages pull down PSU banks write-offs to multi-year lows in FY26

Public sector banks in India saw loan write-offs fall to multi-year lows in fiscal year 2025-26. This positive trend is attributed to fewer new bad loans and better recovery of existing ones. Banks like Bank of Baroda and Punjab National Bank reported their lowest write-offs in years. This signifies a healthier balance sheet for these institutions.

 15 May 2026 04:36 PM   EconomicTimes

'Russian oil supplies to India have increased': Lavrov hails surging energy ties with New Delhi amid global pressures

He accused the US of seeking to "dominate global energy markets" and sideline Russian firms. Amid West Asia tensions, Lavrov highlighted the "privileged" Moscow-Delhi partnership during the BRICS meeting.

 15 May 2026 04:20 PM   EconomicTimes

Food safety watchdog FSSAI seeks detailed explanation from Blinkit on poor quality egg complaints

India's food regulator FSSAI has asked quick-commerce firm Blinkit for an explanation. This follows consumer complaints about poor-quality eggs sold on their platform. FSSAI has taken suo-moto cognisance of these social media complaints. Blinkit has been directed to submit an action taken report within a week. Consumers reported bad odor and rubber-like texture in the eggs.

 15 May 2026 03:54 PM   EconomicTimes

Very small rise in fuel price revision: Indian Oil chief says company working round the clock to ensure full capacity availability

Indian Oil refineries are running at over 100 percent capacity. This ensures no fuel shortage at retail outlets. Prices for petrol and diesel have seen a small increase. The company is also focusing on alternative energy. Two hydrogen-powered buses have been provided to Delhi Metro. These buses offer zero emissions.

 15 May 2026 03:50 PM   EconomicTimes

Apple seeks relief from amended Competition Act; Delhi High Court pauses CCI final order

The Delhi High Court has directed the Competition Commission of India to hold off on issuing a final order against Apple until July 15. This comes as Apple challenges a new law allowing penalties based on global turnover. The court wants to avoid making Apple's petition irrelevant before its own hearing.

 15 May 2026 03:31 PM   EconomicTimes

Reliance-Disney launch legal battle against Indian TV rival Zee over Bollywood films

India's entertainment giants JioStar and Zee are locked in a legal battle. JioStar accuses Zee of broadcasting movies it holds rights to. This follows an earlier lawsuit by Zee against JioStar. The disputes involve hundreds of millions of dollars. Both companies reach vast audiences across India. Legal notices have been exchanged. Zee claims some broadcasts were accidental.

 15 May 2026 03:25 PM   EconomicTimes

Dhurandhar 2 OTT release finally confirmed: Ranveer Singh, R Madhavan starrer to stream on JioHotstar on this date

Dhurandhar 2 OTT release date: The Ranveer Singh starrer will stream on JioHotstar from June 4, 2026. A special 30-minute pre-show will offer behind-the-scenes content. The film will be available in its original, unfiltered form. This spy-action thriller is directed by Aditya Dhar and features R. Madhavan and Arjun Rampal. JioHotstar aims for an immersive digital premiere experience.