India Financial News

Subscribe to enjoy similar stories. MUMBAI/NEW DELHI : Record flight cancellations and a weak Indian rupee threaten to slam the financials of IndiGo in the December quarter, analysts said. Concerns are also rising that India's largest airline may struggle to hire enough pilots, potentially forcing it to reduce flights to comply with the rules.

Subscribe to enjoy similar stories. Stock market recap: The Indian stock market ended with deep cuts on Monday, 8 December, as investors sold stocks across segments amid mixed global cues. The Sensex closed 610 points, or 0.71%, lower at 85,102.69, while the Nifty 50 settled at 25,960.55, down 226 points, or 0.86%.

Subscribe to enjoy similar stories. Although the Nifty hovers near all-time highs, the broader market continues to correct, revealing a very different story beneath the headline index. Even within the Nifty, the recent upmove has been driven by a narrow set of names in banking, autos, and metals, while most other sectors have struggled to find momentum.

Subscribe to enjoy similar stories. When N. Srinivasan walked into CG Power on 26 November 2020, he knew he had accepted the most daunting assignment of his career.

Subscribe to enjoy similar stories. The market caught a fever as the bearish trends dominated the proceedings, thus causing some turbulence. As trends attempt to move forward, the damage control required by market participants is quite demanding.

Subscribe to enjoy similar stories. Indian Railways is preparing for one of its biggest shifts in decades: opening its 7,000-plus stations—through which 3.5 crore passengers move every day—to national quick-service restaurant (QSR) chains for the first time. A recent change in IRCTC’s catering rules has created a new category of “Premium Brand Catering Outlets," allowing large QSR chains to bid for space through e-auctions rather than rely on the traditional, small-vendor-dominated system.

Subscribe to enjoy similar stories. NEW DELHI : India's auto emissions roadmap is so conservative that it falls short of the industry's own targets for electric vehicle sales, two international agencies said. The US-based International Council on Clean Transportation (ICCT) and the Geneva-based International Road Federation (IRF) have separately urged New Delhi to reconsider further concessions under India's upcoming Corporate Average Fuel-Efficiency (CAFE) norms.

Subscribe to enjoy similar stories. As India’s consumer preferences shift toward wellness and naturals, Dabur India Ltd is deploying fresh capital to stay ahead of the curve. The 140-year-old fast moving consumer goods (FMCG) major has set up a ₹500-crore venture investment platform to back fast-growing, digital-first brands in natural health, beauty and home care.

Subscribe to enjoy similar stories. NEW DELHI : The Centre is preparing to reinforce and expand its focus on labour-intensive industries in the FY27 Union budget, according to two persons familiar with ongoing discussions.

Subscribe to enjoy similar stories. New Delhi: Cricketer Virat Kohli has invested ₹40 crore to pick up a minority stake in Agilitas Sports, joining the company as an investor and business partner. As part of the deal, Agilitas has acquired One8, the cricketer’s sportswear brand.

Subscribe to enjoy similar stories. New Delhi: On 5 November, United Spirits Ltd (better known as Diageo India) informed the stock exchanges that it was “initiating a strategic review" of its investment in its 100% subsidiary that owns the two Royal Challengers Bengaluru (RCB) cricket franchises. The liquor major was considering whether to stay invested in the business of running cricket teams or not.

What do you call someone who comes down like a tonne of bricks on ambitious youngsters with career aspirations but crumbles like a cookie in the face of a market-leading company flexing its dominance?The rest of the world terms them bullies. In India, we call them regulators.If this strikes you as Macaulay-esque prejudice against Indian institutions, compare the Directorate General of Civil Aviation’s (DGCA’s) capitulation in the face of IndiGo’s blackmail with the Commission on Air Quality Management’s (CAQM’s) imminent clampdown on young men and women looking to earn living by delivering goods and services for e-commerce giants using bikes bought with borrowed money.Come January, even as they struggle to keep up with the monthly instalments on their bikes, gig workers who switch between aggregators or are new to such work will find their livelihood deemed illegal in the National Capital Region.

Subscribe to enjoy similar stories. MUMBAI : Fresh from its success of recently-listed Pinelabs, Groww and Meesho, their funder and one of India's top venture capital fund Peak XV believes the speed of value creation in India is likely to be much faster in the coming decade than it was in the past, its managing director Mohit Bhatnagar said in an interview. The firm wants to double down on bets in consumer, fintech and software sectors even while scouting for opportunities in sunrise sectors such as space tech, precision manufacturing, and semiconductors.

Enterprise technology has long rested on a basic assumption: determinism. When a system gets identical inputs, it must yield identical outputs. Business and tech leaders rely on this expectation.

Subscribe to enjoy similar stories. The week-long disruption at IndiGo—India’s largest airline—resulted in more than 1,500 flight cancellations and widespread delays across major airports, prompting the Directorate General of Civil Aviation (DGCA) to issue a show-cause notices to chief executive officer (CEO) Pieter Elbers and other executives for failing to ensure reliable operations. The crisis has deeper roots in a decade-long legal dispute over the rights of pilots to regulated work hours and strict enforcement of fatigue-mitigation norms.

Subscribe to enjoy similar stories. NEW DELHI : India is witnessing a significant surge in influenza cases, driven by the H3N2 subtype, clinically known to cause more severe infections and higher hospitalizations, according to the latest surveillance data from the country's premier medical research organization, the Indian Council of Medical Research (ICMR). Taking cognisance of the situation, Union health minister J.P.

Subscribe to enjoy similar stories. JSW Steel Ltd’s agreement with Japan’s JFE Steel Corp. to form a 50:50 joint venture (JV) for ownership of Bhushan Power & Steel Ltd (BPSL) will not only help it deleverage, but also fund its ongoing capital expenditure.

Subscribe to enjoy similar stories. MUMBAI: SMFG India Credit has entered a reset moment. Months after its leadership change and the parent’s deeper push into Indian financial services, the non-bank financier's new chief Ravi Narayanan has made one thing clear: before growth or product expansion, the house must be put firmly in order.

India’s recent commitment to purchase 10% of its liquefied petroleum gas (LPG) imports over the course of a year from the US to meet the country’s cooking-fuel needs heralds a wider policy approach. It marks the diversification of our petroleum product purchase basket away from traditional proximate sources in West Asia. The move comes amid ongoing negotiations between India and the US that seek to bring greater parity in trade between the two countries.

Last week was yet another education in how fragile markets truly are. When one private airline faltered, schedules collapsed, weddings were disrupted, families struggled, students fought to reach exam venues and businesses scrambled. A logistical nightmare became a dark reminder of something even more profound: markets, especially concentrated ones, can turn predatory in a crisis unless they’re regulated well.Let us look at the symptoms.

Subscribe to enjoy similar stories. Smita and Ravi, a married couple in their late 30s, are steadily climbing the corporate ladder. Their investment portfolio has grown to over ₹4 crore, and for some time now, their wealth adviser has been making the case for investing in an alternative investment fund (AIF).