24 May 2016 | Today’s Latest and Top 10 Business News of India

On May 24, 2026

TEN NEWS NETWORK

India News (24/05/2026) : 1. India-US Trade Deal on the Horizon
US Secretary of State Marco Rubio, speaking at a joint media briefing in New Delhi, confirmed that the United States and India are in advanced stages of firming up an enduring, mutually beneficial trade agreement.

2. Fuel Prices Hiked for the Third Time This Month State-owned Oil Marketing Companies (OMCs) have increased petrol and diesel prices by 87 to 91 paise per litre. This marks the third upward revision in under ten days as global crude pressures mount, bringing Delhi prices to roughly ₹98.64/litre for petrol and ₹91.58/litre for diesel.

3. Record RBI Surplus Dividend Approved The RBI Board has approved a massive, record-breaking surplus transfer of ₹2.86 lakh crore to the government for FY26. The historic payout was heavily driven by robust earnings from dollar sales to stabilize the rupee and higher yields on foreign assets.

4. Market Cap: Reliance Leads ₹74,111 Crore Surge In the latest weekly market wrap, six of India’s top 10 most valued firms collectively added ₹74,111 crore to their market capitalization, with Reliance Industries emerging as the biggest gainer.

5. IndianOil Dispels Fuel Shortage Fears
Following localized supply crunches at select retail pumps across the country, Indian Oil Corporation (IOC) issued a statement assuring the public that there is no nationwide fuel shortage, calling the bottlenecks “highly localized” and actively monitored.

6. Driver Shortage Triggers Container Pile-up at JNPA A severe shortage of trailer drivers has led to import containers stacking up at Jawaharlal Nehru Port Authority (JNPA) terminals. Both the JNPA and the Customs Department have announced emergency measures to ease terminal evacuation for importers.

7. India’s Startup Ecosystem Crosses Milestone The Ministry of Finance announced that India’s registered startup pool has grown to 1.14 lakh startups, which have collectively generated more than 12 lakh jobs across the country.

8. Corporate Earnings: Divi’s Labs & LIC Post Strong Q4 Major corporate earnings updates hit the desks:
Divi’s Laboratories reported a 13% rise in Q4 net profit to ₹751 crore, declaring a ₹30 dividend.
Life Insurance Corporation (LIC) posted a robust 23% year-on-year surge in its Q4 FY26 net profits.

9. Sridhar Vembu Sounds Alarm Over New US Green Card Rules Zoho founder Sridhar Vembu and AI scientist Andrew Ng have publicly raised concerns regarding strict new US Green Card policies, warning that the structural shifts could end up hurting global competitiveness and impacting Indian tech talent.
10. Central Bank of India Outlines Aggressive Growth Plan
The Central Bank of India announced structural plans to branch into new non-traditional business verticals in a concerted effort to diversify risk and scale up institutional profitability