Business

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…

India remains deeply engaged on global trade issues, Union minister Ashwini Vaishnaw said on Thursday signalling confidence after US President Donald Trump expressed optimism about trade deal with New Delhi.Vaishnaw, who is in Davos for the World Economic Forum (WEF) Annual Meeting, said Trump’s comment is very encouraging. “Given India’s position and deep engagement on…

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: 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…

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…

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…

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…