Congress Criticizes PM Modi Following Commercial LPG Price Increase
The Indian National Congress has launched a sharp critique against the central government following a significant hike in commercial LPG cylinder prices effective June 1. Prices for commercial cylinders rose by up to Rs 53.50, while 5-kg FTL cylinders saw an Rs 11 increase. Congress leadership highlighted that cumulative increases for commercial gas have reached Rs 1,571.50 since the start of the year, accusing Prime Minister Narendra Modi’s administration of exacerbating the financial burden on citizens. The opposition party utilized the "inflation man" moniker to characterize the Prime Minister’s economic policies during this latest round of price adjustments.
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West Bengal Cabinet Expands as 35 MLAs Take Oath in New Government
The West Bengal state government underwent a significant expansion as 35 Members of the Legislative Assembly were sworn into Chief Minister Suvendu Adhikari’s Council of Ministers. The newly appointed cabinet features 13 BJP MLAs taking on senior ministerial roles, while three others assumed positions as Ministers of State with Independent Charge. Additionally, 19 MLAs were designated as Ministers of State. This reshuffle aims to solidify the administration's leadership structure within the state. The ceremony marks a critical step in organizing the state's executive branch following recent political shifts in the region.
Motilal Oswal Q4 Review: Corporate Profits Grow 16% Beating Estimates
Motilal Oswal's review of Q4 FY26 corporate earnings shows a robust performance, with aggregate profits growing by 16% year-on-year, doubling the initial estimate of 8%. The growth was broad-based, led by strong results in BFSI, metals, technology, automobiles, and telecom sectors. While the oil and gas sector lagged, the overall market trend remained positive. The brokerage continues to favor domestic growth-oriented sectors, highlighting that corporate India has delivered a significant beat on earnings expectations.
Patanjali Co-Founder Acharya Balkrishna Receives Peacemaker Health Award
Acharya Balkrishna, the co-founder of Patanjali Ayurved, has been honored with the ‘peacemaker health’ award in recognition of his contributions to holistic well-being. During the event, he emphasized that the integration of Yoga and Ayurveda provides a comprehensive solution for the rising global levels of mental stress. Balkrishna highlighted that traditional Indian medicine systems offer more than just physical relief, promoting emotional balance and social harmony. The award underscores the growing international interest in alternative medicine as a viable path toward addressing modern psychological challenges and maintaining community stability.
NSE to Extend F&O Trading Time with New Closing Auction Framework
The National Stock Exchange (NSE) has announced an extension of the F&O trading session by 10 minutes, effective August 3, 2026. Market closing will move to 3:40 pm to accommodate a new Closing Auction Session (CAS) framework. This structural change aims to improve price discovery in the equity derivatives segment. By adopting an auction-based mechanism, the NSE intends to align cash and derivatives market settlements more effectively, potentially reducing volatility during the final minutes of trade.