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

On May 19, 2026

TEN NEWS NETWORK

India News (May 19, 2026): 1. Stock Markets Face Late Sell-off; Sensex Drops 114 Points The Indian equity benchmarks, BSE Sensex and NSE Nifty50, erased their early intraday gains to finish in the red. Selling pressure in banking, financial, and metal stocks dragged the indices down, despite solid gains in the IT sector.
BSE Sensex: Closed down 114 points (0.1%) at 75,628.
NSE Nifty: Settled 32 points lower at 23,618.
Key Movers: Tech Mahindra and Infosys emerged as top gainers, while Kotak Mahindra Bank and Bharti Airtel were the leading laggards.

2. Indian Rupee Plummets to New Record Low The Indian currency continued its downward slide against the greenback, hitting an all-time low. The rupee plunged to an intraday low of 96.60 before settling at 96.52 against the U.S. dollar. Persistent geopolitical uncertainty and a widening trade deficit are keeping the domestic currency under severe pressure.

3. Fuel Shock: OMCs Hike Petrol and Diesel Prices Again In the second such increase in less than a week, oil marketing companies (OMCs) hiked petrol and diesel prices by 90 paise per litre. Following the hike, petrol in Delhi reached ₹98.64 per litre, while diesel rose to ₹91.58 per litre. Despite the retail price hike, analysts note that state-run oil companies continue to face margin strains due to global crude volatility.

4. Major Win for Adani as U.S. Justice Department Drops Charges
In a significant relief for the Adani Group, the U.S. Department of Justice has permanently closed its securities and wire fraud case regarding the Adani Green Bond issue, dropping all charges. Following the news, Adani group stocks saw a positive uptick in a mixed market, with Adani Green climbing over 4%.

5. Tech Layoffs: Oracle to Cut Around 12,000 Jobs in India
As part of a massive global restructuring strategy, tech giant Oracle is laying off approximately 12,000 employees in India. The reduction is part of a broader global workforce correction of up to 30,000 roles as the enterprise software firm pivots its focus heavily toward Artificial Intelligence (AI) infrastructure

6. India’s Oil Trade Deficit Projected to Hit New Highs According to a fresh report by rating agency Crisil, India’s oil trade deficit is on track to balloon to record highs going into the next fiscal year (FY27). Ongoing global supply disruptions coupled with sticky international crude prices continue to outpace India’s domestic production capabilities.

7. Mutual Funds Pull ₹17,000 Crore Out of 10 Major Stocks Data analyzing recent market trends revealed that domestic mutual funds aggressively booked profits in April, pulling an estimated ₹17,000 crore out of 10 large-cap heavyweights. HDFC Bank and Wipro faced the highest net outflows. Fund managers are reportedly rotating capital into defensive, insulated sectors like Power/Energy, FMCG, and Healthcare.

8. PepsiCo Outlines Giant ₹5,700 Crore India Expansion Plan PepsiCo India announced a major long-term commitment to the Indian market, planning to invest ₹5,700 crore by 2030. The capital infusion will be entirely directed toward expanding its manufacturing capacity and supply chain infrastructure across the country to meet rising consumer demand.

9. Bharat Forge Secures Major Marine Infrastructure Deal Indian multinational Bharat Forge announced plans to construct a state-of-the-art marine gas turbine manufacturing and maintenance facility in Andhra Pradesh. The move is expected to heavily boost domestic defense manufacturing capabilities and provide a long-term revenue stream for the engineering major.

10. BII and CIP Launch $300 Million Green Energy Platform
British International Investment (BII) and Copenhagen Infrastructure Partners (CIP) have joined forces to launch a new $300 million investment platform. The fund will focus cleanly on supporting India’s green energy transition by accelerating renewable projects, specifically large-scale solar and wind ecosystems