IndiGo managing director Rahul Bhatia has called for a review of India’s pilot flight duty time rules, saying these norms erode cockpit productivity, inflate airline costs and make the country’s aviation sector “uncompetitive” compared with global peers “I think Flight Duty Time Limitations (FDTL) needs a review, and I think there’s enough conversation going on with the government. All we...
Business
Oil Jumps 7% As Trump Threatens Iran Hours Before Fed Decision
Oil prices surged more than 7% on Wednesday as renewed U.S.-Iran hostilities and fresh threats to shipping through the Bab el-Mandeb pushed WTI above $84 and Brent toward $90, confronting the Federal Reserve with another inflation shock just hours before one of its most uncertain interest-rate decisions in years. The rally accelerated after President Donald Trump vaguely told Fox News that the...
Industrial output hits a near two year high of 7.3% in June
India’s industrial activity gathered momentum in June, with factory output growing at its fastest pace in nearly two years as manufacturing remained robust and investment-linked sectors continued to outperform, pointing to resilient domestic economic activity despite global uncertainties. The Index of Industrial Production (IIP) rose 7.3 percent year-on-year in June, up sharply from the revised 5.1 percent growth recorded in...
Stock Market, Sensex: Sensex Closes 750 Points Higher As Oil Prices Drop
Indian equity benchmarks opened higher on Monday as oil prices fell after US-Iran pause strikes. At the open, Sensex climbed 580 points while Nifty was up 170 points. At the close, Sensex was up 776 points while Nifty gained 228 points. Meanwhile, the rupee opened 44 paise stronger at 96.13 against the US Dollar, compared to Friday’s close of 96.57...
HCLTech announces Rs 14.2k Cr. AI data centre in Odisha
HCLTech on Friday announced that it plans to set up its first AI Data Center in the upcoming Odisha Sovereign AI Park in partnership with Sarvam and the Government of Odisha. In an exchange filing, the company said the AI data center will be established as part of its proposed entry into the full-stack AI market The filing added that...
Oil prices hit $100 for the first time since May
Oil prices hit $100 a barrel for the first time since May as the escalating conflict in the Middle East reignited fears over global energy supplies. Brent crude – the global benchmark for oil prices – rose more than 6%on Thursday following several days of increases as the US stepped up military strikes against Iran. Prices spiked after Houthi militia...
Oil Prices Climb as U.S.-Iran Conflict Shows No Signs of Slowing
Oil prices continued to climb in early Asian trade on Wednesday as the renewed hostilities between the United States and Iran showed no signs of slowing. At the time of writing, Brent crude was trading at $92.44, up 1.57% on the session, while West Texas Intermediate was changing hands at $85.51, up 1.39%. Both benchmarks are now at five-week highs and have been consistently...
IndiGo to place order for over 1,000 aircraft engines
The country’s largest airline, IndiGo, on Monday (July 20, 2026) announced it will place an order with CFM International for more than 1,000 engines to power its 510 A320 neo family planes. IndiGo and CFM International, an equal joint venture between GE Aerospace and Safran Aircraft Engines, have inked a Memorandum of Understanding (MoU) for the order at the Farnborough...
Russia seeks more petrol from India after strikes cripple oil refineries
Russia has approached Indian refiners for additional petrol supplies after a wave of Ukrainian attacks severely disrupted its refining network, marking an unusual shift in the energy relationship between the two countries, according to news agency Reuters. The request comes as Moscow grapples with its worst petrol shortage in recent years after drone and missile strikes damaged a significant share of...
ED attaches assets worth ₹1,000 cr in Reliance Anil Ambani Group probe
The Enforcement Directorate (ED) on Saturday said it has issued a fresh order to attach assets worth Rs 1,021 crore as part of a money laundering investigation against the Reliance Anil Ambani Group. The provisional order, issued under the Prevention of Money Laundering Act (PMLA), attaches equity shares of Reliance Power held by Reliance Infrastructure and certain loan amount receivable...
Tata Group expects auto biz to reach $100 bn in next 5 years
Tata Group expects its automotive business, including passenger and commercial vehicles, to grow to USD 100 billion in the next five years with a capex target of Rs 40,000 crore in the domestic business and about 20 billion (British) Pound for JLR, Tata Group Chairman N Chandrasekaran said on Wednesday. Responding to shareholders’ queries at the 81st Annual General Meeting...
Crude oil prices jump 2% on escalating US-Iran war; Brent crude above $75 per barrel
Oil prices climbed on Wednesday after the United States carried out fresh strikes on Iran in response to Tehran’s attacks on commercial vessels transiting the Strait of Hormuz. US benchmark West Texas Intermediate (WTI) crude for August delivery advanced 2.1% to $71.87 per barrel, while Brent crude, the global benchmark, for September delivery gained 1.9% to $75.53 per barrel. The US launched...