Business

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…

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…

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…

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…

File photo: US President Donald Trump (Picture credit: AP) US President Donald Trump on Thursday said the United States is set to receive around $600 billion in tariff revenue, adding that the figure is expected to be “much more than that” next year. Trump made the remarks while addressing the World Economic Forum (WEF) Summit…

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…

HYDERABAD: Climate-tech company Sow & Reap Chara Pvt Ltd and Sagar Cements Limited have signed a 10-year offtake agreement to deploy integrated biochar and gasification units at Sagar Cements’ Mattampally plant in Telangana, aiming to decarbonise the energy-intensive calcination stage of cement manufacturing and support the company’s net-zero emissions reduction target by 2030.Under the project,…

HYDERABAD: UPC Volt, a joint venture between Netherlands-based UPC Renewables Group and VOLT Data Centers, plans to set up a 100 MW AI-ready data centre in Bharat Future City with an investment of Rs 5,000 crore over five years.The project is expected to create over 3,000 direct and indirect jobs during construction and over 800…

HYDERABAD: The Telangana govt announced the launch of Aikam, its flagship autonomous AI innovation entity that is being positioned as a “global proving ground” for deploying artificial intelligence (AI) at scale, on the sidelines of the World Economic Forum annual meeting in Davos on Thursday.Aikam has been designed with an eye on positioning Telangana among…