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₹28,292.1 crore in the financial year ended March 2026 (FY26) was lower than the previous year’s ₹32,184.2 crore, marking the third decline in total shareholder returns - comprising dividends and buybacks - over the past six years, and the fourth such fall since the company went public in 2004.This 12.1% fall in total payouts in FY26 follows a 3.87% decline in FY24. At least twice before—in 2021 and 2016—Tata Sons’ income from TCS dropped over the previous year.As India’s largest IT services company continues to explore acquisition opportunities, analysts are questioning whether Tata Sons can continue to rely on cash from its crown jewel, TCS, which accounted for 83% of Tata Sons’ ₹38,835 crore revenue in the year ended March 2025 (FY25).Shares of TCS closed 2.45% lower at ₹2,524.35 apiece on the BSE on Friday, a day after the company reported its first annual revenue decline in dollar terms since listing.TCS’s lower payouts to its parent come at a time when Tata Sons, under chairman N.

Ever found your mobile phone's signal to be patchy while waiting for a flight? That’s because telecom operators can’t provide stronger signals near airports, as these can interfere with a small cockpit tool—a radio altimeter.The electronic gauge, which measures the altitude of an airborne plane, feeds data to multiple automated systems on board. A wrong reading can be a safety risk, especially during poor visibility.

domestic airlines within hours, limiting the hike to about 8.5% in New Delhi. The ministry of petroleum and natural gas said the partial increase was aimed at insulating carriers from a fuel price shock amid disruptions in global energy markets.The move is part of a broader effort to contain costs. The Centre has also capped domestic jet fuel price hikes by oil marketing companies at 25% starting April.

IndiGo, with India’s largest airline hitting one air pocket after another.In early December, it was caught off guard by its approach to new domestic regulations that curtailed and staggered pilots’ flying hours, forcing widespread flight cancellations. Then came the US attack on Iran, setting off a chain reaction across oil prices, West Asia aviation, and the rupee’s exchange rate against the dollar—all variables central to IndiGo’s business.As it heads into the peak summer season, the airline has significant course correction ahead if it is to return to the steady glide path it has long been known for.Nowhere is the strain more visible than in the share price of InterGlobe Aviation Ltd, IndiGo's parent company.

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The civil aviation ministry on Thursday has suspended a decision requiring airlines to offer passengers free selection for at least 60% of the seats on a flight. Mint examines whether this will help airlines offset rising aviation turbine fuel costs triggered by the war in Iran.Last month, the country’s aviation regulator asked airlines to offer 60% of the seats on every domestic flight to be selected free of charge, allowing passengers to choose them without paying an additional fee.

Airlines got a fuel price scare after state-owned Indian Oil Corporation (IOC) more than doubled its aviation turbine fuel (ATF) price, only to roll back most of the hike within hours on Wednesday. Its initially notified price for jet fuel was ₹207,341 a kilolitre for April in New Delhi, up 115% from March, marking its highest level ever. This was swiftly revised to ₹104,927 for domestic airlines, a mere 8.5% increase.

₹200,000 per kilolitre, more than double the previous price of ₹96,638.14. The Union petroleum ministry stepped in quickly, capping the increase for domestic flights.Following the change, Indian Oil's jet fuel now costs ₹104,927 per kilolitre in Delhi, an 8.5% rise over March, while airlines would have to pay the new rate for international flights.

Mint.GMR's appeal, through its airport joint venture Delhi International Airport Ltd (Dial), came just ahead of the launch of the National Capital Region’s second major airport in Jewar, sharpening competition for traffic. With jet fuel accounting for about a third of airline costs, the tax gap risks higher fares and a significant traffic shift, the company said. GMR had made a similar appeal last year too.The company has simultaneously sought the Union civil aviation ministry's backing on the matter.The Jewar airport, 90 km from the IGI airport, the country’s busiest one, was inaugurated on 28 March by Prime Minister Narendra Modi.

₹5 crore from savings, friends, and family. Its philosophy was announced through the one-rupee ticket (a base fare of ₹1, with taxes bringing the total to around ₹222). It was both a marketing stunt and a statement that air travel belonged to everyone.By 2006, Air Deccan operated from seven base airports, with a fleet of 43 aircraft making 350 flights daily, and connected more than 60 destinations at roughly half the price of rivals.

(DGCA), and the matter was later raised in Parliament.Laser strikes near Indian airports have jumped sharply, rising from 122 cases in 2023 to over 500 in 2025, data tabled in Parliament show. The incidents pose a direct safety risk to pilots and highlight weak enforcement of rules that strictly prohibit such activity that endangers life or safety.As per data, 502 laser-related disruptions were reported across 22 airports in 2025, slightly lower than the 528 incidents recorded in 2024.

India’s civil aviation ministry has withdrawn caps placed on domestic airfares as more expensive fuel amid the West Asia war and a weakening rupee send costs for airlines soaring. While airlines will now be able to raise airfares, the ministry has cautioned that instances of excessive surge “will be viewed seriously” and that the caps may be reintroduced or other steps taken to safeguard the public interest. These caps had been placed in December after flight cancellations by IndiGo sent airfares soaring.

₹200–300 crore in the new facilities, even as competition intensifies with airlines and airport operators moving to build captive maintenance bases.Carriers such as Air India, IndiGo and Akasa Air have outlined plans to set up their own MRO infrastructure, including at Bengaluru and Jewar, tightening the competitive landscape AIESL is stepping into.AIESL, originally set up as a wholly owned subsidiary of Air India, was later hived off into AI Assets Holding Co. Ltd following the Tata group’s acquisition of the airline.The company is evaluating a calibrated approach to expansion.

deferred a decision on granting another term at its meeting on 24 February. The surprise development came after Noel Tata sought a clear roadmap for the performance of some of the new businesses launched under Chandrasekaran’s watch, including e-commerce, aviation and semiconductors.

NEW DELHI: The civil aviation ministry proposes to offer as much as ₹1,800 crore as incentives to manufacture drones in India, increase adoption across defence and civilian sectors and reduce reliance on component imports from China.The tentatively titled Mission Drone Shakti is expected to set aside ₹1,600 crore-1,800 crore over five years to fund and support research and development and local manufacturing of components including critical parts and incentivize drone sales and adoption, an official aware of the discussions said.The plan is to introduce the scheme in FY27, targeting private Indian companies. The details are being finalized and after the finance ministry’s approval, it will be presented for the consideration of the Cabinet.The proposed Mission Drone Shakti mirrors India’s production-linked incentive schemes across 14 sectors such as electronics, textiles, pharmaceuticals and automobiles, which had a cumulative outlay of ₹1.97 trillion.

The nationwide shortage of cooking gas over the past week should abate soon, given that import supplies are on their way to Indian shores even as domestic refiners have been asked to bump up production.The crippling shortage of this item of mass consumption that has proven to be the Achilles heel of our energy security calculus partly owes its origin to well-intentioned policy efforts to shift households from kerosene to liquefied petroleum gas (LPG), a cleaner fuel. While only half of India’s population had access to LPG in 2010, its coverage is nearly complete today.

₹199- ₹2,300, depending on the nature of the flight. With Pakistan airspace already shut for Indian airlines, the disruption in flight routes through West Asia has increased travel time and cost.The financial damage of such disruptions would mount quickly for Indian airlines.

₹4,466 during mid-day trading, mirroring a broader market rebound. The stock eventually closed 0.7% lower, but still outperformed the Sensex, which ended the day down 1.7%.Behind the renewed investor faith lies the return of founder and managing director Rahul Bhatia as interim chief executive.Bhatia, who co-founded the airline with his friend, Rakesh Gangwal, in 2006, minced no words in his first email to the staff on Tuesday evening.

DGCA), and uploaded on its website, has proposed that foreign carriers register on the civil aviation ministry’s e-governance portal and submit applications online to obtain operating authorization before launching flights to India.Such approvals are currently largely handled through correspondence-based submissions to the regulator, with documentation requirements determined on a case-by-case basis. The new system aims to replace that with a uniform portal-based process."An airline shall register itself on E-Governance of Civil Aviation portal… by creating unique login ID and password (Login Credentials) and providing ....

airlines are required to deploy an additional pilot. This typically means operating the flight with an augmented crew consisting of a captain and two first officers.The aviation safety regulator is conducting a safety assessment and could possibly agree to grant such exemptions, according to the official quoted above.

Indian rupee slid to a record low of ₹92.33 against the US dollar.While oil-marketing companies and air carriers will bear a direct brunt of the higher energy prices, others will face an indirect impact as oil prices feed into their input expenses. The Indian economy could take a hit if the inflationary effect of the conflict dents consumer demand.“India Inc will likely see a partial impact in the March quarter earnings for companies still operating on existing inventories, while the full effect could become more visible in the first quarter of the next fiscal year,” said Pramod Gubbi, founder of Marcellus Investment Managers, a portfolio management firm.If the Strait of Hormuz, through which a fifth of the global oil trade passes, remains closed for 2-6 weeks, it can push the three-month average Brent prices to $80-90, as per analysts at Nomura.