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Business News Today: Latest Business News, Finance News

Markets’ dilemma: Trust the bark or wag of oil prices The sector call illusion Bandu’s Blockbusters For April 12, 2026 Mastering Derivatives: Does Lag Impact Effectiveness Of OI? Who Am I? April 12, 2026 Index Outlook: Rising From Dire Straits US Market Outlook: Gaining Strength Bullion Cues: Gold And Silver Futures Face Barrier F&O Tracker: Tentative Shift In Trend F&O Strategy: Buy L&T Put Maruti Suzuki to launch 4 EVs by 2031 India Inc flags surge in cost of packaging raw material, seeks relief measures India-flagged LPG tanker Jag Vikram crosses Strait of Hormuz after US-Iran ceasefire Muted pricing power, rising costs to curb benefits of demand in cement sector: HDFC Securities Iran's new supreme leader Mojtaba Khamenei has severe and disfiguring wounds, sources say No road tax, registration fees for electric vehicles priced up to ₹30 lakh till March 2030: Delhi’s draft EV policy Central Railway to run four special local trains for Ambedkar Jayanti West Asia tensions push up costs for India; further impact hinges on stability: Report ED initiates fresh raids against former Bengal minister Chatterjee in teacher recruitment scam Election Commission reverses Mittal’s DVAC posting, appoints him DGP, TN Armed Police Israel and Lebanon are expected to hold talks. Here’s what to know US, Iran set for peace talks but doubts emerge over Lebanon, sanctions Cotton Association revises output estimates for 2025-26 up at 324 lakh bales of 170 kg each Orbicular gets USFDA’s tentative nod for generic Semaglutide Injection in partnership with Apotex Malls, high-streets in NCR clock 45% rise in leasing of retail spaces in Jan-Mar: C&W FIIs pull ₹28,375 crore in five sessions; domestic buyers cushion fall as indices post best week in months Nifty and Bank Nifty Prediction for the week 13 Apr’26 to 17 Apr’26 by BL GURU Proposed Trump arch in Washington DC includes winged figure, eagles, lions and gold inscriptions 'Ladakh' replaces 'Jammu and Kashmir' in Aadhaar records for UT residents Misri ends US trip with focus on civil nuclear cooperation and LPG exports Artemis II astronauts return to Earth after historic lunar flyby and Pacific splashdown US-Iran peace talks in Pakistan: What will be discussed? 5paisa Capital's ₹469 crore rights issue oversubscribed 1.24 times Shriram Finance’s credit rating climbs after MUFG investment SEBI chief reaffirms open-door policy for global capital Reliance seeks government approval to buy Iranian crude oil US Vice President Vance arrives in Pakistan for crucial peace talks with Iran EU condemns ‘illegal’ Israeli expansion: 30 new West Bank settlements spark global outcry US intelligence indicates China preparing weapons shipment to Iran Agtech marketing in the age of regional content and creator communities Rajnath Singh, Nitin Gadkari to join 3-day agri event at Shivraj’s home turf, inaugurated today How agripreneurship will drive improved rural livelihoods in India World’s largest tur producer, yet an importer: A self-sufficiency puzzle unfolding on ground Ethanol in diesel generators: India’s next practical step towards energy security How sustainable sourcing can unlock value in India’s agri-value chains SEBI launches three new IT platforms to transform regulatory landscape India allows Iranian oil tankers to berth at Sikka port under special exemption US expected to extend waiver for Russian oil imports amid global energy price concerns India, Japan discuss Strait of Hormuz security Editorial. Fair deal Editorial. Wait and watch Letters to the Editor dated April 10, 2026 IPL 2026: Ad volume witness marginal dip in first 13 matches MAHE and Helogen Corporation partner for space-based biomedical research Share of Indian employees ‘engaged’ at work on a decline, says report West Asia Crisis: Induction cooking may consume 13-27 GW power In Bengal, will the Left’s vote shift to the Right? Govt defers power plant maintenance for three months; ready for summer demand Tractor sales cross 10 lakh mark in FY26 on strong rural demand, GST cut Sharp fall in prices hit gold ETF inflows in March Kerala’s mandate at crossroads as social welfare meets job demand and upward mobility Invoices financed on RXIL’s platform jumps 51% to ₹1,21,105 cr in FY26 India to continue buying Russian crude oil BJP unveils Bengal manifesto, pledges to implement Uniform Civil Code, measures against infiltration Sun Pharma shares down 4 per cent on reports of overtures for US-based Organon India’s textile and garments exports to the US declined 28.7% in February 2026 NDA promises mega textile hub near Tiruppur; Goyal bats for Edapaddi K Palaniswami leadership Civic issues at the heart of T Nagar’s knife-edge poll battle Why India’s ₹5 pack won’t disappear, but getting smaller Political climate gets Madurai temperatures soaring Rajive Kumaraswami to be MD and CEO of Chola MS General Insurance West Asia conflict: LPG usage at 21-month low in March Greenlight open market buybacks, but stay cautious TCS shares down 3.2% despite Q4 profit growth and deal wins SEBI uncovers ₹2,950-crore Ponzi-like network, fines Trdez ₹1 crore SIP inflows hit record high in March despite market turbulence RBI unveils medium-term strategy framework ‘Utkarsh 2029’ Unfortunate fallout of cyber crime investigations Fintechs bet big on digital FDs, eye larger share of retail savings RBI proposes ₹1 Lakh crore asset threshold for NBFC Upper Layer classification India comfortable on crude and LPG supply on diversified sourcing, says IOC chairman E-way bill generation surged all time high of over 14 crore in March Vingroup plans 60,000 EV fleet as part of $6.5 billion Maharashtra push Cotton prices firm up tracking global prices Corn prices poised to fall on Iran-US ceasefire pact TVS Srichakra assumes US sponsorship rights to boost global brand visibility Vedanta Aluminium signs pact with two downstream companies Broker’s call: JM Financial (Buy) Shapoorji Pallonji group reiterates call for public listing of Tata Sons TCS Q4 results: Staying in purgatory for a while Letters to the Editor dated April 9, 2026 Systematix Private Wealth aims ₹40,000-crore AUM in five years Indian govt hikes NBS fertilizer rates for kharif season by up to 21% to ₹41,533.81 crore LIC board meets today to consider maiden bonus issue Rupee seen sliding to 100 per Dollar as Oil prices surge Here’s everything you need to know about upcoming Assembly Elections 2026 Judging and backing early winners Nifty & Bank Nifty இந்த வாரம் (30 Mar’26 to 03 Apr’26) என்ன ஆகும்? எங்கு செல்லும்? 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Signs of El Niño emergence by June, says Australian Met body
By Srikrishnan PC · 2026-05-26 · via Business News Today: Latest Business News, Finance News
In the past, El Nino events have led to either late arrival of the south-west monsoon in India or deficient rain

In the past, El Nino events have led to either late arrival of the south-west monsoon in India or deficient rain | Photo Credit: MUSTAFAH KK

The El Niño–Southern Oscillation (ENSO) is showing clear signs of shifting towards El Niño, with rapid warming in the tropical Pacific and supportive sub-surface conditions, though it is neutral currently.

All climate models indicate sea surface temperatures could cross El Niño thresholds by June (early winter), although atmospheric indicators are yet to fully align with an established El Niño event, according to Australia’s Bureau of Meteorology’s southern hemisphere monitoring report.

Uncertainty over strength

There remains some uncertainty as to the likely strength of the El Niño event. Models indicate this will be at least a moderate strength, with a potential for a strong event, depending on the amount of warming in the central tropical Pacific.

“Atmospheric indicators, including trade winds, pressure and cloud patterns in the tropical Pacific, are consistent with ENSO-neutral conditions but are also trending towards an El Niño state,” the report said.

Monsoon risk

In the past, El Nino events have led to either late arrival of the South-West Monsoon in India or deficient rain, besides prolonged dry spells. The India Meteorological Department (IMD) has predicted that it would be a below-normal monsoon this year, with the rainfall being 92 per cent of the long-period average.

Earlier this week, the IMD said the South-West Monsoon has lost its vigour, while a brewing storm may delay its onset over the Kerala coast. IMD had predicted the monsoon to set in on May 26.

In 2023, El Nino broke out in June and lasted for 11 months, affecting the Indian monsoon. It also resulted in 2024 being the warmest on record, as it continued until April 2024. It resulted in foodgrain crops, particularly paddy and pulses, being affected, leading to lower production. It also led to food inflation.

The Madden–Julian Oscillation is located in the Western Pacific, and model forecasts suggest it is likely to strengthen and continue propagating eastward into the Western Hemisphere during late May and early June. Such an event would also be associated with westerly wind anomalies over the western Pacific, which could further warm the tropical Pacific and reinforce the development of El Niño.

The Indian Ocean Dipole (IOD) is now neutral. The IOD index is -0.34°C (24 May 2026). The forecast state of the IOD is uncertain.

IOD outlook

The majority of models indicate the IOD is likely to remain neutral at least until early winter, with a positive IOD event possible in winter-spring (September). Model forecasts reveal a great deal of variability in the timing and magnitude of this potential event.

The Indian Ocean Dipole is a climate phenomenon that affects the Indian Ocean. In a positive phase, warm waters are pushed to the western part of the Indian Ocean. Cold deep waters are pushed up in the Eastern Indian Ocean. The pattern is reversed in the negative phase of the IOD.

Warm waters

The week ending 24 May 2026 sea surface temperature (SST) analysis shows waters are near average around much of Australia, except for the southeast and southwest, where SSTs are above average. Coastal waters of New South Wales and eastern Tasmania are particularly warm (about 3 to 4°C above average), the report added.

Published on May 26, 2026