NEW DELHI: IndiGo net profit fell 78% to Rs 549 crore in the tumultuous Dec quarter due to flight disruption and provisions for higher gratuity and leave encashment as mandated by the labour code.IndiGo CEO Pieter Elbers, who has been issued a warning by aviation regulator for the airline’s failure to plan for crew flying…
MUMBAI: India’s bank depositor remains the predominant source of credit to the commercial sector, but their relative contribution is steadily declining as credit growth outpaces deposit mobilisation, data for Dec 2025 show.As of Dec 2025, total outstanding credit to the commercial sector (bank and non-bank) rose to Rs 297.9 lakh crore, while bank deposits stood…
NEW DELHI: The US Securities and Exchange Commission has asked a US court for permission to personally email summons to Indian billionaire Gautam Adani and group executive Sagar Adani over alleged fraud and a $265 million bribery scheme, filings show.India, the SEC said, has previously refused two requests to serve the summons. In the most…
NEW DELHI: Amid tariff trouble, for Indian commercial missions the message from the Prime Minister’s Office (PMO) and the commerce department is clear: “Har ek country zaroori hota hai”.PMO officials have held at least five meetings with Indian missions, ministry of external affairs and trade bodies, underlining the need to step up trade engagement for…
The US Federal Reserve’s preferred inflation measure remained elevated in November, reinforcing expectations that policymakers are likely to pause further interest rate cuts as they assess the impact of earlier easing and new trade-related pressures.Data released by the US Department of Commerce on Thursday showed that the personal consumption expenditures (PCE) price index rose 2.8%…
Billionaire founder Deepinder Goyal has relinquished over Rs 1,000 crore worth of unvested employee stock options (ESOPs) at Eternal, marking one of the most significant founder-led governance moves seen in India’s listed internet sector in recent years.The decision comes alongside a leadership transition at the food delivery and quick-commerce major, with Goyal stepping down as…
US equities moved higher on Thursday, clawing back more of the losses from earlier in the week, after President Donald Trump stepped back from tariff threats linked to Greenland, easing concerns over a widening transatlantic trade rift.In early trade, the S&P 500 rose 0.7%, adding to Wednesday’s strong rebound. The Dow Jones Industrial Average gained…
NEW DELHI: Credit rating agency ICRA has projected a sharp rise in India aviation industry’s losses to Rs 17,000-18,000 crore in FY2026, compared to Rs 5,600 crore in FY2025, due to multiple factors like slowing domestic traffic growth, increase in jet fuel prices and the depreciating rupee. Additionally, 133 aircraft of Indian carriers — representing…
India’s exports to the European Union is facing higher import tariffs from January 1, 2026, after the EU suspended Generalised Scheme of Preferences (GSP) benefits for 87% of Indian goods, according to a report by trade policy think tank, Global Trade Research Initiative (GTRI).The move means that a large share of Indian exports will now…
Education leaders and edtech executives have called for higher and better-targeted allocations in Budget 2026 to strengthen skilling, digital learning infrastructure and higher-education financing, saying education spending will be critical to India’s ambition of becoming a global talent and education hub.Ravin Nair, Managing Director, QS I-GAUGE, said the upcoming Budget must focus on outcomes, especially…
