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Home  Business

Business

Manish Tewari alleges “disaster” in Air India’s management, calls for government takeover

Manish Tewari alleges “disaster” in Air India’s management, calls for government takeover

  • Godrej properties’ Q1 Profit Rises 15 per cent, sales booking declines

    The real estate firm's net profit touched Rs 598 crore, while sales booking fell 18 per cent to Rs 7,082 crore due to a high base effect
  • Tata Motors sales dip in July

    Wholesales decline 4 per cent year-on-year, driven by a slump in passenger vehicle dispatches; commercial vehicle sales show a 7per cent jump
  • Financial turbulence for Ola electric as sales drop by 57 per cent

    Amid stiff competition and user complaints, the company's stock price and market capitalisation have also plummeted. The firm reported a Q1 FY26 net loss, signaling a challenging financial period
  • Adani Enterprises Q1 profit drops 49 per cent as coal trading business slumps

    Adani Enterprises reported a 49 per cent decline in Q1 profit to Rs 734 crore, impacted by weaker coal trading due to reduced demand. While revenue dropped 14 per cent, airport EBITDA surged 61 per cent, and new infra projects are progressing steadily across key verticals
  • Karnataka launches Rs 1,000-cr Quantum Mission

    Chief Minister Siddaramaiah has announced the Karnataka Quantum Mission with a Rs 1,000 crore fund to build a USD 20-billion quantum economy. The mission targets 10,000 jobs, global partnerships, and cutting-edge R&D under Quantum Vision 2035
  • Air India’s Delhi-London flight aborts takeoff due to technical glitch

    Air India’s Delhi-London flight AI2017, operated with a Boeing 787-9 aircraft, aborted takeoff at Delhi airport due to a suspected technical issue. The airline arranged an alternative aircraft while ensuring passenger care during the delay
  • Adani Enterprises Q1 EBITDA from incubating businesses rises 5 per cent to Rs 2,800 crore

    Airports and clean energy led the growth. Overall consolidated EBITDA stood at Rs 3,786 crore, with PBT at Rs 1,466 crore and income at Rs 22,437 crore
  • Cabinet approves Rs 2,000 crore grant-in-aid for NCDC to boost cooperative lending

    The move will help mobilise ₹20,000 crore in additional lending, benefiting over 8.25 lakh cooperatives and 29 crore members
  • Income Tax Department raids Nuvama Wealth offices in Jane Street probe

    This follows SEBI's ban on Jane Street for allegedly disrupting the derivatives segment. The ongoing investigation is a significant enforcement action in India's capital markets, impacting index options activity
  • India’s economy is ‘dead,’ only PM and FM don’t know says Rahul Gandhi

    Congress leader Rahul Gandhi attributed this to BJP's policies, further claiming a US trade deal will be dictated by Trump. Gandhi also criticised the government's handling of foreign policy and its alleged impact on India's global standing
  • Trump announces trade deal with Pakistan to develop unexplored oil reserves

    Trump Pakistan oil deal, Trump tariffs India 2025, US-India trade war, Trump BRICS criticism, Pakistan offshore oil reserves, India US trade tensions, Trump Truth Social news, 25% tariff on Indian goods, US Pakistan energy cooperation, Trump foreign trade policy
  • Opinion: India’s digital diplomacy in action

    Tobago’s adoption of Aadhaar, UPI, and DigiLocker reflects India’s strategic digital diplomacy to spur innovation in friendly nations
  • Trump announces 25 per cent tariffs on India, citing trade barriers

    Donald Trump announced a 25% tariff on Indian goods, effective August 1, criticising high trade barriers and India's ties with Russia. His Truth Social post accused India of unfair practices and dependency on Russian military and energy supplies
  • IndiGo’s Q1 net profit dips 29 per cent to Rs 2,176 crore

    Airline sees 7.47 per cent decline in revenue from operations to Rs 20,496 crore in the April–June quarter, from Rs 22,152 crore in the preceding quarter
  • Air India Express announces ‘Payday Sale’

    Air India Express has rolled out its regular 'Payday Sale' with up to 15% discounts on fares across its network. The offer runs until August 1 for travel until March 31, 2026, with added benefits on Xpress Lite bookings
  • Asian Paints Q1 net profit dips 6.2 per cent amid soft domestic demand

    Asian Paints reported a 6.2 per cent drop in Q1 net profit to Rs 1,117 crore and a marginal dip in revenue. While domestic demand remained soft, international markets and industrial coatings segments showed growth. Margins were impacted by higher marketing spends
  • Naidu seeks AI Singapore’s support to set up AI, innovation hubs in Andhra

    Andhra Pradesh Chief Minister N Chandrababu Naidu also engaged with SIA Engineering on MRO services and will meet top Singaporean leaders for investment talks
  • NSE Q1 profit jumps 14 per cent to Rs 2,924 crore despite 3 per cent fall in total income

    Normalised profit before tax stood at Rs 3,683 crore after key one-off adjustments
  • SEBI has mechanisms to address conflict of interest, says Minister

    SEBI has internal mechanisms to address conflict of interest, including a disclosure and recusal framework, the Centre told Parliament. A high-level committee has been set up to review and strengthen regulations under new Chairperson Tuhin Kanta Pandey’s leadership
  • Black Money Act: Govt raises Rs 35,104 crore in tax and penalties over 10 years

    The government has raised over Rs 35,000 crore in tax and penalty demands under the Black Money Act since 2015, but recovered only Rs 338 crore. No country-specific data is maintained, and 163 prosecutions have been filed till March 2025
  • Apple powers India past China as top smartphone exporter to US in April–June

    India overtook China as the top exporter of smartphones to the US in Q2 2025, thanks to Apple’s strategic shift in manufacturing. “Made-in-India” devices accounted for 44 per cent of imports, with Apple’s iPhone 16 Pro models driving the growth
  • New UPI rules from August 1 to cap balance checks, auto-pay timings and more

    The NPCI will enforce new UPI rules from August 1, limiting balance checks, restricting auto-pay timings, and capping reversal requests. The changes aim to ease network congestion, enhance transaction security, and improve the user experience across payment apps
  • Kinetic re-enters two-wheeler market with electric DX scooter

    Kinetic Engineering has re-entered the two-wheeler segment with the launch of its iconic Kinetic DX in an electric avatar. Priced from Rs 1.11 lakh, the scooter offers a 116 km range as the company plans major investments and dealership expansion
  • Government keeps close watch on TCS job cuts amid tech shift

    The IT Ministry is monitoring TCS’ decision to lay off over 12,000 employees, mostly at mid- and senior levels. The government is focusing on job creation and reskilling as India’s largest IT firm realigns for AI-driven growth and global expansion
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