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

On May 22, 2026

TEN NEWS NETWORK

Indian News (22/05/2026): 1. Markets Close Higher: Sensex Crosses 75,400, Nifty Reclaims 23,700 Indian benchmark indices ended Friday’s volatile trading session in the green, tracking positive global cues and slight relief over US-Iran diplomatic talks. The BSE Sensex rose 231.99 points to close at 75,415.35, while the NSE Nifty50 gained 64.60 points to settle at 23,719.30.

2. Rupee Recovers Sharply to 95.68 Against US Dollar The Indian rupee registered a solid recovery today, gaining 0.54% to finish at 95.68 against the greenback compared to its previous close of 96.20. Lower crude oil pressures in the afternoon session and easing currency yields offered immediate support to the local currency.

3. S&P Warns of Margin Squeeze on Indian Oil Corporation (IOC)
S&P Global Ratings flagged rising financial pressure on state-owned IOC due to protracted West Asian tensions. The rating agency noted that while crude prices remain elevated, IOC faces a tough balancing act between keeping domestic fuel affordable and preserving its own marketing margins.

4. Tata Projects Bags ₹1,100 Crore Deal with Godrej Properties In a major real estate infrastructure boost, Tata Projects has secured a massive construction mandate from Godrej Properties. The contract, valued at ₹1,100 crore, will cover residential developments within Godrej’s premium Gurgaon portfolio.

5. Uber Partners with JSW Group to Accelerate EV Fleet Deployments
Ride-hailing giant Uber has entered into a strategic partnership with the JSW Group to scale up electric vehicle (EV) adoption across major urban markets in India. The collaboration aims to seamlessly integrate JSW’s green energy ecosystem with Uber’s growing commercial EV fleet.

6. India’s Electrical Equipment Sector Projected to Touch $235 Billion by 2035
According to an industry outlook highlighted by Commerce Minister Piyush Goyal, India’s electrical equipment manufacturing market is on track to hit $235 billion by 2035. The spike is driven heavily by rapid domestic grid electrification, hyper-scale data center setups, and renewable energy integrations.

7. Chemical Sector Positioned to Generate 10 Million Jobs by 2040 The Department of Chemicals and Petrochemicals (DCPC) announced today that structural domestic demand and global supply-chain diversification could scale the Indian chemical sector to a level capable of backing 10 million new direct and indirect jobs over the next decade and a half.

8. Strait of Hormuz Disruptions Keep Energy Traders Cautious Despite ongoing cease-fire talks and defensive assurances, energy corridors remain on high alert. Industry experts noted that the partial blockage of the crucial Strait of Hormuz—which routinely handles nearly 20% of global petroleum shipments—continues to keep oil prices hovering around the $104 per barrel mark.

9. DII Inflows Successfully Cushion FII Sell-Offs Market analysts highlighted that strong domestic institutional investor (DII) inflows continue to provide a vital safety net for Indian equities. This domestic buying power has successfully capped downside risks despite persistent foreign institutional investor (FII) capital outflows amid global macroeconomic uncertainties.

10. Digital Logistics and Quick Commerce Dominate Q1 FY27 Projections
As corporates prepare to head into the first quarter earnings cycle of FY27, corporate data indicates that digital logistics, drone-assisted suburban delivery networks, and hyperlocal quick commerce infrastructure are commanding the highest shares of venture capital and corporate capital expenditure allocations.