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23 May

Gold weekly wrap-up: Retail prices flat, IBJA shows modest gains

anuprovaBusiness

Gold prices in major Indian jewellery brands held steady on May 23, 2026, after a week of flat swings in the market. Leading retailers such as Joyalukkas, Kalyan Jewellers and Malabar Gold & Diamonds are selling 22-karat gold jewellery at ₹14,580 a gram. For the same purity level, Tanishq charges a slightly premium rate of ₹14,665 a gram. Retail buyers are warned that these base numbers do not include state-specific taxes and different local tax structures and applicable making charges, so final showroom invoice prices will vary by region. Precious metal registered minor gains over the course of the week,…

23 May

Tata Motors Foundation scales rural development programme across 200 villages

Business BureauBusiness

Tata Motors Foundation has expanded its flagship Integrated Village Development Programme (IVDP) to nearly 200 villages across 103 gram panchayats in five states, strengthening community-led rural development in underserved tribal and agrarian regions across India. According to the Foundation, the programme impacted more than 1.15 lakh people during FY 2025-26 and converged with 50 government welfare schemes worth Rs 20 crore to improve grassroots governance, institutional capacity and access to public welfare resources. Launched in 2018 in a single gram panchayat in Maharashtra’s Palghar district, the initiative has now evolved into a wider rural transformation model focused on self-reliance and…

23 May

Indriya pushes gold exchange model amid rising focus on responsible consumption

Business BureauBusiness

Indriya has launched its ‘Customer Owned Gold Exchange Programme’, allowing customers to exchange old gold jewellery for newly crafted pieces while promoting responsible gold consumption amid the ongoing nationwide slowdown in fresh gold purchases. Announcing the initiative on May 15, the jewellery brand said customers can exchange old gold of any purity and from any jeweller at 100 per cent value. The programme aims to encourage consumers to reuse existing gold instead of purchasing new gold, aligning with the broader push for mindful and sustainable consumption practices in the country. The company said the exchange process is designed to ensure…

22 May

V-Guard bags national quality award for manufacturing excellence

Business BureauBusiness

V-Guard Industries Limited has received the prestigious Performance Excellence Award at the IMC Ramkrishna Bajaj National Quality Award (IMC RBNQA) 2025, securing the honour in its very first year of participation. The award recognises V-Guard’s collective manufacturing excellence across its five facilities located at Chavadi, Kashipur, Perundurai, Sikkim Unit 2, and Roorkee. The IMC RBNQA, administered by the IMC Chamber of Commerce and Industry, is regarded as one of India’s highest benchmarks for organisational excellence and is modelled on the globally acclaimed Malcolm Baldrige framework of the United States. The evaluation process involved a detailed review of the company’s manufacturing…

22 May

Strait of Hormuz Crisis: Worst Case Supply Disruption Could Send Oil Soaring To $200

anuprovaBusiness

Energy research firm Wood Mackenzie delivered a stark warning on Monday, saying global crude prices could rocket to an unprecedented $200 per barrel if the vital Strait of Hormuz remains closed through the end of the year. The new report warns of a catastrophic scenario of “extended disruption,” echoing earlier warnings from Iranian military officials that regional escalation would result in a historic energy shock. The strategic waterway is the world’s most important maritime energy choke point. The outbreak of conflict earlier this year has already choked more than 11 million barrels per day of Gulf crude and condensate production…

22 May

Legal Blow to Vedanta: Apex Court Restores Multi-Crore Grid Code Penalty on Talwandi Sabo Power

nanikaBusiness

In a major legal setback for Vedanta Limited, its subsidiary, Talwandi Sabo Power Limited (TSPL), has been held liable to pay a penalty of approximately ₹127 crore, along with a late payment surcharge, to the Punjab State Power Corporation Limited (PSPCL). The financial liability follows a landmark judgment delivered by the Supreme Court of India. In a regulatory filing, Vedanta disclosed that the apex court has set aside a previous relief order passed by the Appellate Tribunal for Electricity (APTEL). Consequently, the Supreme Court has completely restored the original directive issued by the Punjab State Electricity Regulatory Commission (PSERC), which…

22 May

ASCI’s AdWise programme reaches over 1 million students across India

Business BureauBusiness

Advertising Standards Council of India has announced that its advertising literacy initiative, AdWise, has reached more than 10.66 lakh students across 2,063 schools in India. The programme, developed by ASCI Academy, was designed to help children understand and critically evaluate modern advertising formats, especially in the digital space where influencer marketing and branded content are increasingly common. The initiative covered schools across 13 states, including Uttar Pradesh, Maharashtra, West Bengal, Assam, Karnataka and Tamil Nadu, with sessions conducted in eight languages such as Hindi, English, Marathi, Tamil and Assamese. Students from Grades 3 to 8 participated in structured classroom sessions…

22 May

BHIM app reports over 300% growth in FY26 transaction volumes

Business BureauBusiness

The BHIM Payments App, developed by NPCI BHIM Services Limited, registered a sharp rise in digital payment transactions in FY26, recording a 301 per cent increase in total transaction volumes compared to FY25, the company said on Thursday. According to the company, monthly transaction volumes on the app increased from 5.93 crore in April 2025 to 21.6 crore in March 2026. The growth momentum continued in April 2026, with transaction volumes touching 22.49 crore and transaction value reaching ₹26,040 crore. In West Bengal, the app witnessed rising adoption in daily payment activities, with 71 per cent of transactions categorised as…

21 May

Australia’s Unemployment Rate Climbs to 4.5% Easing RBA Rate Hike Pressure

anuprovaBusiness

Australia’s unemployment rate unexpectedly rose to 4.5% in April, the highest since November 2021, reflecting a major cooling in the country’s labor market. Data published by the Australian Bureau of Statistics showed the economy lost 18600 jobs over the month, versus consensus forecasts for a modest gain of 15000 positions. The fall was mostly due to a shrinking in female employment, with 10,700 fewer full-time jobs and 7,900 fewer part-time jobs. Meanwhile, unemployment rose 33,000 to 636,000 and the workforce participation rate dipped a hair to 66.7 per cent. The sudden easing of the labor market poses a tricky balancing…

21 May

Adani Power Expands Energy Portfolio with ₹4,194 Crore Jaiprakash Acquisition

nanikaBusiness

In a major move within the Indian energy sector, Adani Power has finalized definitive agreements to acquire a 24 percent stake in Jaiprakash Power Ventures Limited, alongside other key thermal assets from Jaiprakash Associates Limited. The total consideration for the mega-deal is valued at approximately ₹4,193.59 crore. According to recent regulatory filings, Adani Power executed a formal Share Purchase Agreement to secure the 24 percent shareholding of JPVL currently held by JAL. The financial layout for this specific equity acquisition stands at ₹2,993.60 crore. Beyond the equity stake, Adani Power has also signed a comprehensive Business Transfer Agreement. This separate…