NEW DELHI: IndiGo net profit dived 78% to Rs 549 crore in the tumultuous Q3 FY 2026 with its schedule collapsing in early Dec, compared to a profit of Rs 2,449 crore in the same period last year. Apologising for the disruptions, the airline’s CEO, Pieter Elbers, said the profit decline was due to three…
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…
Bitcoin (BTC) and Stellar (XLM) both declined 0.1% from Wednesday. Source link
Strong consumer spending lifted the US economy to its fastest growth rate in two years in the July–September quarter, even as job creation remained subdued and concerns over the cost of living persisted.America’s gross domestic product expanded at an annual rate of 4.4% in the third quarter, a slight upward revision from the earlier estimate…
With traditional security models unable to control AI-powered cyberattacks, 63SATS Cybertech, part of 63 moons technologies, has built a software platform for smartphone users along with an embedded comprehensive insurance to achieve cybersecurity and a financial safety net across India.The cybersecurity services firm merged software security and cyber insurance in to one active digital defense…
Budget 2026 assumes significance – how will the Modi government insulate the Indian economy from the impact of Trump’s trade tariffs? (AI image) Finance Minister Nirmala Sitharaman will present the Union Budget 2026 at a time when the global economy is facing headwinds from the trade war unleashed by US President Donald Trump. India has…
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…
NRI Property Deposits UAE India: FEMA Violations and Legal Risks Explained A curious dilemma facing many non-resident Indians (NRIs) in the UAE and India has recently surfaced in a legal advice column: Can an NRI pay the deposit on behalf of a friend in India who is buying property in the UAE? According to legal…
– In Jammu and Kashmir’s Doda district, 10 Army personnel were killed and 11 injured after their vehicle skidded off the Bhaderwah-Chamba road into a 200-foot-deep gorge. Noida police arrested two more builders were arrested over the death of 27-year-old software engineer Yuvraj Mehta, whose SUV fell into an unbarricaded construction pit, bringing the total…
The bitcoin-owning company’s capital structure is shifting toward permanent capital, reducing refinancing risk and damping credit volatility. Source link
