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INDIA BUSINESS | Sun, 31 May 2026, 7:18PM IST India's food regulator FSSAI has asked quick commerce firm Blinkit for an explanation. This follows a complaint from a person who reportedly fell sick after eating curd ordered through the Blinkit app. The complainant required medical attention. FSSAI has received multiple complaints about unhygienic food from Blinkit sellers. The firm must submit an action taken report.

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INDIA MARKET | Sun, 31 May 2026, 7:04PM IST IPL 2026 Final LIVE UPDATES: Despite earlier reports, no closing ceremony took place before the toss. Any performances now likely to be held later, possibly during the innings break

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INDIA BUSINESS | Sun, 31 May 2026, 6:51PM IST Indian domestic air travel saw a dip in April. Passenger numbers fell compared to both March and the previous year. Airlines faced challenges like higher fuel prices and slower demand. IndiGo increased its market share, while Air India Group's share decreased. Many passengers experienced delays and cancellations, with airlines providing compensation.

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INDIA NEWS | Sun, 31 May 2026, 6:51PM IST New Delhi: Domestic air traffic declined 4.2 per cent to little over 1.38 crore in April compared to March amid multiple headwinds, including relatively softer travel demand.The latest data from aviation watchdog DGCA showed that carriers flew more than 1.38 crore passengers in April, 3.47 per cent lower than over 1.43 crore passengers carried in April last year.Also Read: Delhi airport, SpiceJet issue travel advisory: Bad weather likely to affect flight operationsThe decline is 4.2 per cent compared to the traffic of 1.44 crore passengers recorded in March."Passengers carried by domestic airlines during January - April 2026 were 575.49 lakhs as against 575.13 lakhs during the corresponding period of the previous year thereby registering an annual growth of 0.06 per cent and monthly growth of -3.47 per cent," DGCA said in its report for the month of April.Airlines have been facing multiple headwinds, including rising operational costs due to higher fuel prices and relatively slower demand.Amid the challenging scenario, carriers have also temporarily trimmed their network.The Directorate General of Civil Aviation (DGCA) data showed that IndiGo's market share rose to 65 per cent in April from 63.3 per cent in March while that of Air India Group fell to 24.7 per cent from 26.2 per cent.The market share of Akasa Air inched up to 5.8 per cent last from 5.4 per cent in March and that of SpiceJet declined to 3.4 per cent from 3.8 per cent during the same period.Also Read: India's domestic air passenger traffic grows 1.4 pc to 1,677.4 lakh in FY26: ReportIn April, state-owned Alliance Air's share shrunk to 0.3 per cent from 0.6 per cent in March.A total of 3,266 passenger-related complaints were received by scheduled domestic airlines in April and the number of complaints per 10,000 passengers carried for the month stood at 2.36, as per DGCA.In terms of On-Time Performance (OTP) in April, IndiGo topped the list at 88.5 per cent, followed by Air India Group (82.4 per cent), Akasa Air (81.4 per cent), Alliance Air (71.2 per cent) and SpiceJet (31.2 per cent).OTP is computed for ten major airports -- Bangalore, Delhi, Hyderabad, Mumbai, Chennai, Kolkata, Ahmedabad, Cochin, Guwahati and Lucknow.Last month, around 1.12 per cent of the flights were delayed by more than two hours.According to DGCA data, over 1.35 lakh passengers were affected by flight delays and airlines shelled out little over Rs 2.41 crore towards facilitation whereas 77,065 passengers were impacted by flight cancellations and in this regard, carriers paid Rs 2.04 crore towards compensation and facilities.A total of 641 passengers were denied boarding and the airlines shelled out Rs 57.65 lakh for compensation and facilities.

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INDIA MARKET | Sun, 31 May 2026, 6:39PM IST Duty concessions on Omani imports under the India-Oman CEPA come into force from June 1, covering nearly 95% of India's imports from Oman

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INDIA MARKET | Sun, 31 May 2026, 6:35PM IST Death toll in the Saket building collapse rises to six; FIR lodged, two MCD engineers suspended and a magisterial inquiry ordered

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INDIA BUSINESS | Sun, 31 May 2026, 6:35PM IST Avaada Group is looking to add renewable energy projects totalling 5 gigawatt (GW) in the current financial year as the company has signed PPAs and received connectivity approvals for the upcoming capacities, a company executive said. The group was able to add 2 GW of renewable energy projects during the last financial year, said Chairman Vineet Mittal. Another 1-2 GW capacity could have been added in FY26 but due to issues related to signing of PPAs and transmission infrastructure , the company was unable to do so, he noted. "Last year we could have brought 1-2 gigawatts more, but due to delays in the signing of PPAs and delays in full readiness of the transmission system, we had to align our commissioning schedule with the readiness transmission system," Mittal said in reply to a question if his company had to push timelines for planned capacities due to transmission and grid connectivity issues. With addition of 5GW, the company's overall operational capacity will reach 12GW by

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INDIA MARKET | Sun, 31 May 2026, 5:40PM IST Four candidates sustained minor injuries, while several others had their clothes, books, admit cards and other documents damaged.

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INDIA BUSINESS | Sun, 31 May 2026, 5:38PM IST The study, which followed patients for over five years, found that those who received the regimen were nine times more likely to have little to no detectable cancer in the prostate at the time of surgery compared with those given testosterone-blocking therapy alone.

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INDIA MARKET | Sun, 31 May 2026, 5:28PM IST After three days of deliberations, the six-member Monetary Policy Committee (MPC), headed by RBI Governor Sanjay Malhotra, will announce its decision on June 5.

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INDIA MARKET | Sun, 31 May 2026, 5:27PM IST Satwiksairaj Rankireddy and Chirag Shetty beat the Indonesian pair 18-21, 21-17, 21-16 in the Singapore Open final.

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INDIA MARKET | Sun, 31 May 2026, 5:18PM IST Three months after the conflict broke out, the US and Iran are yet to sign an MoU for interim peace deal.

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INDIA MARKET | Sun, 31 May 2026, 5:04PM IST A multi-agency rescue operation involving the NDRF, DFS, DDMA, Delhi Police and local volunteers continued through Saturday night.

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INDIA MARKET | Sun, 31 May 2026, 5:04PM IST Parth Upadhyaya summited Mount Everest on 23 May, 2019, at the age of 24.

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INDIA BUSINESS | Sun, 31 May 2026, 5:00PM IST Novartis' new experimental actinium-based drug shows promise against prostate cancer. Early data on Sunday revealed anti-tumour activity, even in patients who previously received Novartis' Pluvicto. Response rates were higher in patients without prior Pluvicto treatment. Larger trials are planned to assess side effects. Novartis is increasing its focus on radioligand therapies.

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INDIA MARKET | Sun, 31 May 2026, 5:00PM IST Brock Lesnar vs Oba Femi will be the main highlight of WWE Clash in Italy.

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INDIA BUSINESS | Sun, 31 May 2026, 4:59PM IST Some new changes to the UPI system and the LPG distribution system guidelines will be in effect from June 1, 2026.

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INDIA MARKET | Sun, 31 May 2026, 4:58PM IST The week ahead will also focus on the MPC meeting, US-Iran talks, fuel prices and monsoon showers.

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INDIA NEWS | Sun, 31 May 2026, 4:58PM IST The Comprehensive Economic Partnership Agreement (CEPA) between India and Oman is set to come into force on June 1, marking a significant milestone in bilateral economic relations. Both nations will formally announce the decision on Monday.This marks the fifth free trade agreement (FTA) implemented under the Modi government since 2014. It follows trade pacts rolled out with Mauritius (April 2021), the UAE (May 2022), Australia (December 2022), and the European Free Trade Association (EFTAcomprising Switzerland, Iceland, Liechtenstein, and Norway in October 2025). India has also signed deals with the UK (July 2025) and New Zealand (April 2026), alongside concluding trade talks with the 27-nation European Union (EU) on January 27 this year.CEPA vs FTAModern trade pacts typically span around 20 chapters. These encompass comprehensive regulations across trade in goods, trade in services, investment, intellectual property rights, customs procedures, and dispute settlement mechanisms.Similar bilateral frameworks are also designated as Comprehensive Economic Cooperation Agreements (CECA), Comprehensive Economic Trade Agreements (CETA), or Economic Cooperation and Trade Agreements (ECTA).Also read: India-Oman CEPA to strengthen energy security, trade resilience and export growthIndia-Oman tradeBilateral trade between the two nations reached USD 11.18 billion during 2025-26, up from USD 10.61 billion in 2024-25. Indias exports stood at USD 4.02 billion, while imports from Oman were valued at USD 7.16 billion.In the services domain, India's exports to Oman expanded from USD 397 million in 2020 to USD 665 million in 2024, driven primarily by telecommunications, computer and information, transport, and travel sectors. Conversely, services imports from Oman grew from USD 101 million to USD 197.7 million over the same period, led by transport, travel, telecom, and other business services.What does India gain? The deal unlocks 100% duty-free market access for Indian exports to Oman, covering 98.08% of Omans tariff lines, which represents 99.38% of the trade value (based on the 2022-23 average).Immediate Concessions: All zero-duty access comes into effect from "Day One" of the agreement. Currently, only 15.33% of Indias export value (11.34% of tariff lines) enters Oman duty-free under the Most Favoured Nation (MFN) regime.Price Competitiveness: The pact eliminates the current 5% import duty on Indian goods worth USD 3.64 billion.Growth Drivers: Key sectors poised for immediate advantages include textiles, agricultural products, transport equipment, precision instruments, processed food, and gems & jewellery.New Horizons: The agreement unlocks fresh export windows for Indian minerals, chemicals, base metals, machinery, plastic, rubber, automobiles, clocks, instruments, glass, ceramics, marble, and paper.India-Oman CEPA: Key sectoral gainsOman will grant immediate zero-duty access to crucial Indian industrial segments, including:Iron and steelElectrical and industrial machineryMarine products and copper goodsFurthermore, the removal of the 5% tariff is set to directly bolster the competitiveness of Indian vehicles in the Omani market, while securing binding zero-duty access for key finished medicines and vaccines.India protects sensitive sectorsTo insulate local industries and farming communities, India has placed 2,789 tariff lines on its exclusion list.Excluded Categories: Key domestic sectors shielded from tariff concessions include transport equipment, major chemicals, cereals, fruits, vegetables, spices, coffee, tea, and products of animal origin.Manufacturing Safeguards: High-value manufacturing chains including rubber, leather, textiles, footwear, petroleum oils, and mineral-based products remain protected.Agricultural Shielding: Strategic segments such as dairy products, meat, oilseeds, vegetable oils, sugar, and food-processing residues are entirely kept out of the liberalisation purview.Service sector stands to gainWith Omans total global services imports standing at USD 12.52 billion in 2024, Indias current share of 5.31% presents significant room for expansion.Oman has made robust commitments regarding the temporary entry and stay of Indian service professionals. Notably, the Intra-Corporate Transferees (ICT) ceiling has been raised from 20% to 50%, allowing Indian firms to deploy a higher volume of managerial and specialist personnel.Additionally, for the first time in any FTA, Oman has locked in specific commitments for professional service providers, benefitting Indian talent in IT, accounting, engineering, medical, education, construction, and consulting fields.Gains for India's agri sectorIndian agricultural exports such as natural honey, potatoes, cashews, boneless meat, and bakery items will secure immediate duty-free entry into Oman.Oman has agreed to dismantle tariffswhich currently range from 5% to 100%on an array of items. These include cheese, curd, milk, cream, frozen fish, butter, meat, yoghurt, pastries, cakes, chocolate, sugar confectionery, mineral water, alongside animal and vegetable fats and oils.In return, Indian consumers will benefit from cheaper imports of Omani dates, with India granting zero-duty access for up to 2,000 tonnes of the commodity annually. New Delhi is also extending tariff concessions to Omans traditional products: Gum Arabica (utilised in food, pharmaceuticals, and cosmetics) and Frankincense (utilised in the incense and perfume sectors).Oman to benefit from tariff concessionsIndia is extending tariff concessions across 77.79% of its total tariff lines (equivalent to 12,556 lines), which encapsulates 94.81% of Indias total imports from Oman by value.For items that hold significant export value for Oman but remain sensitive for domestic industries in Indiasuch as dates, marbles, and specific petrochemical productsliberalisation will be managed via a controlled Tariff-Rate Quota (TRQ) mechanism.India strengthening presence in Middle EastThe Oman CEPA serves as another pillar in India's deepening trade ties with the Gulf Cooperation Council (GCC), following its May 2022 pact with the UAE. New Delhi is set to commence trade talks with Qatar soon, and has already inked terms of reference (TOR) to initiate broader trade pact negotiations with the entire GCC bloc (comprising Saudi Arabia, UAE, Qatar, Kuwait, Oman, and Bahrain).Despite its size, Oman commands vast geopolitical importance as it borders the Strait of Hormuz, a critical maritime chokepoint heavily relied upon by Asian enterprises for oil trade. The nation serves as a strategic gateway for Indian goods and services into the broader Middle Eastern and African markets.Currently, nearly 7 lakh Indian nationals reside in Oman, sending home approximately USD 2 billion in annual remittances. Over 6,000 Indian establishments operate within Oman, and India has clocked USD 615.54 million in foreign direct investment (FDI) from Oman between April 2000 and September 2025. Notably, this CEPA is the first bilateral trade pact Oman has signed with any nation since its agreement with the United States in 2006, cementing its position as Indias third-largest export market within the GCC.

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INDIA MARKET | Sun, 31 May 2026, 4:53PM IST The US team will be led by its chief negotiator Brendan Lynch. India's chief negotiator is Darpan Jain, who is an additional secretary in the Department of Commerce.

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INDIA NEWS | Sun, 31 May 2026, 4:52PM IST Borrowing programme for 2026-27 would be managed in an orderly manner, keeping in view fiscal deficit goals and evolving market conditions

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INDIA MARKET | Sun, 31 May 2026, 4:49PM IST IPL 2026 Final LIVE UPDATES: The high-octane clash will start after the toss at 7 PM. According to media reports, IPL 2026 closing ceremony is expected to take place before the toss

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INDIA MARKET | Sun, 31 May 2026, 4:49PM IST Dhurandhar: The Revenge, released on March 19, grossed over Rs 1,800 crore worldwide.

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INDIA MARKET | Sun, 31 May 2026, 4:42PM IST The written examination is scheduled to be held on June 8, 9 and 10 in offline mode using a pen-and-paper format.

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INDIA MARKET | Sun, 31 May 2026, 4:39PM IST Both RCB and GT are in for a huge cash prize if they win the IPL 2026 final.

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INDIA MARKET | Sun, 31 May 2026, 4:33PM IST Jagiroad facility is designed to cater to essential sectors such as automotive, EVs, telecomm, and consumer electronics.

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