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

On May 30, 2026

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India News (30/05/2026)

1. Finance Ministry Flags Inflation Risks Ahead of RBI Policy The Finance Ministry has urged “policy agility” as the Indian economy shows cautious resilience. Fresh warnings have been issued regarding potential inflation risks driven by volatile global fuel prices and early monsoon uncertainties, putting a spotlight on the upcoming Reserve Bank of India (RBI) monetary policy meeting.

2. Government Waives Customs Duty on Cotton Imports In a significant move to support the textile industry, the Centre has announced a complete waiver on cotton import duties for the next five months, lasting until October 30. The decision aims to boost domestic supplies and ease soaring raw material input costs for manufacturers.

3. Fuel Prices Hit Highest Levels Since 2022 Retail petrol and diesel prices have paused today after four consecutive hikes over the last two weeks, which pushed prices up by nearly ₹7.50 per litre. Driven by global crude disruptions and a strong dollar, fuel costs across major metros have officially breached their highest levels since May 2022.

4. SEBI Slaps ₹28.6 Crore Penalty on Suzlon Energy The Securities and Exchange Board of India (SEBI) has imposed a massive fine of ₹28.6 crore on wind energy major Suzlon Energy. The penalty follows an investigation into alleged past accounting fraud and corporate governance lapses.

5. Wipro Shares Surge 5% on “Agentic AI” Expansion IT major Wipro saw its stock rally sharply after announcing an expanded partnership with ServiceNow. The collaboration focuses on scaling advanced “agentic AI” workflows across enterprise systems, sparking fresh optimism in the NIFTY IT sector.

6. India-EAEU Trade Talks Gain Momentum Trade negotiations between India and the Eurasian Economic Union (EAEU) are picking up speed. High-level discussions are currently underway regarding a limited interim trade deal covering select manufactured and agricultural goods to boost bilateral trade channels.

7. IndiGo Reports Massive ₹2,537 Crore Q4 Loss InterGlobe Aviation (IndiGo) reported a stark net loss of ₹2,537 crore for the fourth quarter. The airline cited severe foreign exchange impacts alongside highly challenging international operating conditions as the primary drivers behind the hit.

8. GST Department Issues ₹124 Crore Tax Demand to SpiceJet Troubles continue to mount for budget carrier SpiceJet, as the Goods and Services Tax (GST) department served the airline a tax demand notice totaling ₹124 crore, accompanied by a formal show-cause notice.

9. Ola Electric Stock Double from 52-Week Lows Ola Electric shares surged to a 4-month high today on massive trading volumes. The stock has now officially rallied 102% from its 52-week low, buoyed by expanding EV adoption data and strong market sentiment.

10. NSE Social Stock Exchange Gets Corporate Funding Boost The Ministry of Corporate Affairs (MCA) has cleared a vital corporate funding route for the National Stock Exchange’s Social Stock Exchange (SSE). The new guidelines will allow companies to seamlessly route their Corporate Social Responsibility (CSR) funds into listed social enterprises