19 C 
Wall Street today saw one of the shocking losses as Google-parent Alphabet sufferedthe worst day since the company began trading at the US Stock Market.
Health insurers seek expense cap tweaks
Standalone health insurers have requested that mandatory insurance products be excluded from expense-of-management calculations. They argue that including these products creates an imbalance for their business model. The Insurance Regulatory and Development Authority of India is considering changes to EoM regulations and limits. Insurers believe that the exclusion would help provide a more equitable competitive landscape. The proposed changes aim to revise expense calculation methods and set product-wise commission caps.
West Asia conflict drives 15-20% rise in corporate working-capital demand at banks
Working-capital demand from banks has increased significantly due to the ongoing conflict in West Asia. Higher raw-material costs and elongated shipping timelines have led to greater funding needs for corporates. Mid- and large-sized companies reported a 12-20% increase in working-capital requirements. Several private sector banks have recorded strong growth in corporate lending during the recent quarter. This momentum was driven primarily by working capital needs and refinancing efforts.
India remains growth engine; Super El Nino impact yet to materialise: IMF
The IMF on Thursday said the impact of weather events such as the Super El Nino was yet to materialise for India, which remains the engine of growth for the world economy. The IMF listed lower crop yields, increased food price inflation and its impact on the purchasing power of households in India due to the Super El Nino. So these are risks that we see that India faces, but right now those risks have not materialised, IMF Communications Director Julie Kozack told a press conference here. She said the IMF will reassess India's growth projections in the January World Economic Outlook update after the risks posed by the weather event materialise. Earlier this month, the IMF raised India's growth forecast for fiscal year 2027 and fiscal year 2028 to 7 per cent, from the 6.4 per cent and 6.7 per cent projections respectively made in July. So, we see it really as a risk going forward, and of course depending on whether that risk materialises, we will reassess our growth projections
Fintechs to lay out a code for technology vendors amid rising cyberthreats and security risks
Unified Fintech Forum is developing a framework to encourage best practices among technology service providers. This initiative aims to improve cybersecurity preparedness and operational resilience in the fintech sector. Banks and fintech companies increasingly rely on third-party vendors for various services and their failures can impact regulated entities. Registration with the Forum may provide these vendors with preference during selection by financial institutions.
Indias CBG push hits manure bottleneck as plants struggle to find buyers
Indias compressed biogas expansion faces a growing hurdle as plants struggle to sell organic manure generated alongside gas, threatening project viability. With only 217 of 1,908 registered plants commissioned, operators face rising storage costs and underutilisation. Industry executives say the lack of assured manure offtake threatens the sector despite government support.
Pentagon treating military base freezer malfunctions as suspected cyberattack, officials say
In August, military commissaries in the United States experienced freezer malfunctions that resulted in significant food spoilage. Investigators are exploring these incidents as possible cyberattacks, with updates being shared with French counterparts. A similar attack in France impacted hundreds of commercial freezers, causing significant financial losses. The vulnerability of refrigeration systems to cyber threats poses risks to food safety and supply chains.
In addition to his thriving career, Anirudh has generated interest in his methods of fitness and dietary choices. In a 2012 post on X, the composer revealed that he was a pure vegetarian, providing insight into his eating habits. In an interview he had said he was a lover of Andhra dishes despite being from Tamil Nadu.
Beloved actress Barbara Barrie has passed away at 95, leaving behind a rich legacy of performances in iconic films and shows like Breaking Away and Barney Miller. Her career spanned decades, showcasing her talent across more than 120 appearances. The last time she graced the public eye was at the premiere of We Had a World in March 2025.
Price stability top policy agenda in H2FY27 amid inflation: FinMin review
The finance ministry flagged elevated crude oil prices, food inflation and kharif crop uncertainty as key risks to price stability, while projecting 7.35% GDP growth in Q2FY27
On the latest episode of Koffee With Karan 9, Janhvi Kapoor and Varun Dhawan brought laughter and charm, sharing amusing anecdotes from their lives. Varun humorously described Janhvi's sleepy makeup process, while she opened up about the grueling double shifts for Sunny Sanskari. Janhvi also shared her straightforward skincare routine, featuring natural essentials like honey and yogurt, giving fans a peek into their delightful friendship and beauty tips.
India, Volkswagen clash in court over record $1.2 billion tax dispute
India defended its record $1.2 billion tax demand against Volkswagen in a Mumbai court on Thursday, saying the German company never provided required information in time, while the carmaker argued the demand came years too late.
ITAT ruled in favour of a woman whose timber business was treated as her husbands family firm by the Income Tax Department. The tribunal found insufficient evidence linking the two businesses, highlighting the importance of proving ownership in tax disputes.
India's HNI term insurance bookings double since 2023; younger buyers drive growth, shows new report
Term insurance bookings among high-net-worth individuals have doubled since April 2023, while average coverage has risen 30%, Policybazaar data shows. Details here.
CAG impact report shows recoveries worth 4,251 crore after audit in FY26
Recoveries fell short of amounts flagged in several major cases
Chinas Marine Economy Surpasses 85 Trillion Yuan in First Three Quarters of 2023
Chinas marine economy shows robust growth, exceeding 85 trillion yuan in 2023s first three quarters, driven by resource allocation and production increases. Chinas Marine Economy Surpasses 85 Trillion Yuan in First Three Quarters of 2023
Datanomics: Will US replace Singapore as India's top FDI destination?
Indian investment commitments of over $330 billion in the US could boost outward FDI flows, potentially challenging Singapore's position as the top destination for Indian investments.
Kareena Kapoor's nutritionist Rujuta Diwekar suggests that rice is a staple food in Indian households and is often consumed with other protein sources. Eating rice with pulses or legumes can enhance its amino acid profile and improve blood sugar regulation. Traditional eating practices, such as using hands, promote slower eating, which can help manage overall food intake.
Dolly Parton's philanthropy was deeply influenced by her childhood experiences and her father's struggles with literacy. She established the Imagination Library in 1995 to promote reading among children, providing over 330 million books. Her educational initiatives also targeted high school graduation rates, significantly decreasing local dropout rates. Parton contributed to disaster relief efforts after wildfires in Tennessee and funded COVID-19 vaccine research.
Financial planning goes beyond mutual funds. A 1 Finance report identifies six areas investors should review annually: estate planning, loans, investments, income and expenses, insurance, and tax. These checks can help protect wealth and keep long-term goals on track.
36 trains cancelled, 30 diverted as Cyclone Arnab disrupts services on Howrah-Chennai route
Rail services on the Howrah-Chennai route experienced significant disruption due to heavy rains caused by Cyclone Arnab. The swollen Bahuda river crossed danger marks at railway bridges in Ganjam district, affecting train traffic. As a result, 36 trains were cancelled, 30 diverted, and several were rescheduled for passenger safety. Officials are monitoring the situation closely and hope for a return to normalcy soon.
Suzlon faces Adani, JSW challenge as wind energy market heats up; Q2 margins take a hit
Suzlon Energy faces intensifying competition from Adani, JSW and other players in India's wind energy market, even as its revenue grew 26% year-on-year to Rs 4,869 crore in Q2 FY27. EBITDA remained flat at Rs 720 crore, while the EBITDA margin narrowed to 14.8% from 18.6% a year earlier.
Bengaluru woman Meghna Khanna transitioned from the corporate world to entrepreneurship by launching The Bindi Project in December 2022, following her MBA. This innovative startup specialises in funky, handcrafted bindis, offering a diverse range of designs. Starting with an investment of Rs 5 lakhs, the venture has expanded rapidly, boasting over 1500 customers and achieving Rs 20 lakhs in annual revenue by 2025.
Hero MotoCorp to increase EV capacity to 80,000 units per month by Q2 FY28
By the end of March, Hero MotoCorp intends to enhance the production capacity of its Vida electric two-wheelers from 30,000 to 45,000 units monthly. Furthermore, forecasts suggest a potential increase to over 80,000 units by the second quarter of FY28. The surge in electric two-wheeler demand has led to reduced dealer stocks, prompting a wave of capacity expansions among major manufacturers to meet this growing need.
Central government employees' dearness allowance rose to 63% of basic pay in 2026 after a three-percentage-point increase. Here's a look at the allowance's growth over the past 10 years.
Tell Mike Johnson Ilhan wont be allowed in Congress: Trump ups ante against Omar over 'fake name'
'Appalling abuse': Ex-FBI chief Comey erupts as Trump DOJ targets him again over classified leak
Manipur CM Yumnam Khemchand Singh seeks enhanced central assistance from Sitharaman
Manipur Chief Minister Yumnam Khemchand Singh met Union Finance Minister Nirmala Sitharaman in New Delhi recently. They discussed the financial health of Manipur and the state's revenue losses over the last three years. Singh requested enhanced central assistance and additional funding under the SASCI scheme during their meeting. The Chief Minister also highlighted the timely payment of salaries and pensions to employees by the state government.
Fino Bank Reports Loss, Interim CEO At Helm
Fino Payments Bank reported a net loss of Rs 21 crore for the second quarter ended September 2026, a significant drop from the Rs 15 crore profit in the previous year. This comes as the bank operates under an interim CEO following the arrest of its former MD and CEO, Rishi Gupta, on charges of GST violations linked to online money gaming.
UP MLC polls: BJP wins 6 seats, SP bags 5
US trade deal to give India strong comparative advantage, says Piyush Goyal
Commerce Minister Piyush Goyal says the proposed India-US trade agreement will protect farmers and other sensitive interests while strengthening India's position in global trade
EPFO is drawing up guidelines to invest up to 3% of fresh annual inflows in startups and alternative investment funds (AIFs), five years after government approval. The proposal is expected to go before its board in November.
Donald Trump approval ratings ahead of US midterm elections 2026 are out. All major surveyors have showed the US President and Republican Party's chances in the polls.
Investigators are investigating recent freezer failures at US military commissaries that may have resulted from cyberattacks, raising concerns about food safety. In France, similar issues involved the deliberate alteration of refrigeration temperatures, leading to food spoilage. The US military is consulting with French authorities about these strange events as they might be connected.
India can achieve $1 trillion exports target this fiscal despite global headwinds: Piyush Goyal
Commerce Minister Piyush Goyal expressed confidence that India would achieve its $1 trillion exports target in 2026-27 despite global uncertainties. He said nine FTAs could open preferential market access to economies with a combined GDP of $60 trillion. Goods and services exports were estimated at $476.2 billion in April-September.
Deepavali sales expected to gain momentum in Coimbatore next week
With Deepavali falling in the first week of amonth this year, people are likely to begin shopping after receiving their monthly salaries andfestivalbonuses; the last 5-6 days preceding the festival is likely to witness massive retail activity
Kavya Maran is engaged to Jailer 2 composer Anirudh Ravichander. She and her family stay in one of the poshest areas in Chennai, and her home is reportedly worth a whopping Rs 100 crore.
Elon Musks xAI offers to buy 418 homes near its Mississippi data centre amid noise complaints
Residents in Colonial Hills are considering buyout offers from xAI due to ongoing noise complaints. The energy demands of the AI data centers have raised community concerns about noise and pollution. A lawsuit was filed by three residents alleging that the constant sound affected their quality of life. Renters also face uncertainty as some landlords have accepted buyout offers without considering tenant needs.
'White House has to be pristine': Trump vs Obama erupts, trade blows over 'Cheesecake Factory' jibe
'Who was the real Prez?': Autopen scandal explodes at Biden cover-up hearing; Senators erupt
US sues Google over military veterans job
Coal India profit jumps 57% as higher offtake, prices weigh over costs
Cost of input materials increased 20% during the quarter.
IndiGo's Q2 Loss Narrows to Rs 1,879.1 Crore
IndiGo, India's largest airline, reported a narrowed loss of Rs 1,879.1 crore in the September quarter, down from Rs 2,582.1 crore a year ago, primarily due to exceptionally high fuel costs and rupee depreciation.
Coal Indias stockpile is shrinking fast as coal dispatches outpace production
Coal India has experienced a 49% cut in coal stocks over the last half-year. This notable decline comes amid a 7.6% surge in offtake, despite a 2.5% dip in production levels. The coal production reached 321 million tonnes, with an impressive dispatch of 384.20 million tonnes. Particularly, the inventory saw a steep 52% decline during the September quarter, reflecting diverse trends among its subsidiaries.
IDBI Bank employees' forum opposes majority stake sale to Fairfax
The United Forum of IDBI Officers and Employees has strongly opposed the proposed sale of a majority stake in IDBI Bank to Canada-based Fairfax Financial Holdings, demanding an immediate suspension of the process and a comprehensive review under parliamentary scrutiny.
US economy expands 3.4% in Q3 as consumer spending, AI investment rise
The US economy grew at an annualised rate of 3.4% in Q3, beating forecasts of 3.2%, as resilient consumer spending and AI-driven investment offset the impact of higher oil prices.
Benjamin Netanyahu, at risk of losing power, steps up attacks on Israel's Arab parties
Benjamin Netanyahu claimed that the recent high Arab voter turnout was influenced by voter fraud allegations. Arab leaders, including Ahmad Tibi, accused him of inciting fear to undermine election results. Authorities confirmed ongoing investigations into election integrity, but denied systematic compromise. Israeli President Isaac Herzog emphasised the need to avoid tarnishing the entire Arab community involved in the democratic process.
From Patna to Kanpur, can an emerging market fix dirty, broken cities?
Patna is set to become the first municipality in Bihar to issue municipal bonds, raising Rs 200 crore for urban infrastructure. This move highlights the ongoing need for investment in India's urban infrastructure amid challenges like urban flooding and sanitation. Other cities like Kanpur are also expected to follow with their own bond issues soon. However, many municipalities still struggle with reliable revenue sources needed for debt repayment.
The Rs 1 Lakh Crore Opportunity: Senior Living Is Real Estate's New Gold Rush
Ashiana Housing has signed up a senior living project in Gurugram with a sales potential of Rs 1,300 crore, weeks after DLF sold out its first retirement housing tower in the city.
IDBI Bank employees oppose sale of stake to Fairfax
This Diwali, pricey dry fruits could usher in different mix in gift boxes
Prices of pistachios have increased by 30-40 per cent, while almond rates are up 20% with marginal rise in other commodities
FICCI names Sanmar Group chairman Vijay Sankar President-Elect for 2026-27
Currently the Senior Vice President of FICCI, Sankar will succeed Anant Goenka as President of the apex business chamber in November
RNPP Receives Approval to Begin Supplying Electricity to National Grid
The first unit of the Rooppur Nuclear Power Plant has received approval to begin the process of supplying nuclear-generated electricity to Bangladeshs national grid for the first time, initially on a limited scale. The approval was granted by the Bangladesh Atomic Energy Regulatory Authority (BAERA). Following the approval, the Rooppur Nuclear Power Plant authorities are preparing to initiate the process of supplying electricity to the national grid. The first unit is expected to begin generating electricity within the next month. According to relevant sources, electricity generation from the first unit could commence within the next month. In the initial phase, the plant will generate and supply electricity to the national grid on a limited scale. Output is expected to be gradually increased in subsequent stages. Each of the two units of the Rooppur Nuclear Power Plant has a generation capacity of 1,200 megawatts. Once both units become operational, the plant will be capable of generating a total of 2,400 megawatts of electricity. The commencement of electricity generation from the first unit and its subsequent integration into the national grid will mark a significant milestone in Bangladeshs power sector, introducing a new dimension to the countrys electricity supply system. The post RNPP Receives Approval to Begin Supplying Electricity to National Grid appeared first on Energy Bangla .
India's pharma exports grow 4.9% to $16.14 bn in H1FY27 on Europe gains
India's pharmaceutical exports rose 4.9 per cent to $16.14 billion in H1FY27, driven by growth in Europe, ASEAN and Latin America, even as shipments to the US moderated.
Income tax reassessment invalid without mandatory notice: Supreme Court
The Supreme Court ruled that failure to issue a mandatory notice under Section 143(2) invalidates income tax reassessment proceedings, even if taxpayers participate in them
US trade deal will protect all sensitive Indian interests, says Piyush Goyal
Commerce Minister Piyush Goyal said Indias trade deal with the US would protect sensitive interests, including those of farmers, and give the country a competitive advantage. He criticised opposition parties for questioning the agreement before its details were released, while defending Indias trade strategy and its decision to stay out of RCEP.
A Mumbai consumer commission has ordered a developer to refund 45.45 lakh to a homebuyer who waited nearly a decade for a Panvel flat, with 9% annual interest taking the payout to 86.37 lakh. However, it rejected his claim for 5.23 lakh in home loan interest.
US reveals photo of China's secret space plane
GIFT City funds see tax issues resolved after representations: Experts
Tax authorities address Section 80LA deduction disputes, but experts flag GST compliance costs and competitiveness concerns
PN Vasudevan's recent announcement of his resignation as managing director of Equitas Small Finance Bank highlights pressing concerns over a conflict of interest involving his daughter's NBFC. Following the news, the bank's shares experienced a drastic dip yet managed a partial recovery before settling lower. This comes on the heels of the bank's impressive Q2 net profit growth, showcasing its strong operational health.
Lynnewood Hall, a once-neglected masterpiece in Pennsylvania, is on the path to revival thanks to the dedication of the Lynnewood Hall Preservation Foundation. Their immediate focus is on essential structural repairs, while long-term visions include fostering community engagement through educational programs. The mansion's recent debut public event in decades has sparked excitement and offers hope that its restoration, while a lengthy process, will breathe new life into this historic estate.
PNB suspends 12 employees, files CBI case over alleged bank fraud involving 10 crore
Punjab National Bank has taken action by suspending twelve staff members linked to unauthorized fund transfers utilizing the branch manager's password. Evidence points to a female employee collaborating with external parties in these transactions. Current estimates of the losses indicate they are below Rs 10 crore, contradicting widespread claims online.
India has not compromised farmers interests in US trade deal, says Piyush Goyal
Minister said final terms will give India a strong comparative advantage; expects deal to be celebrated by the public
Milky Mist Q2 results: Revenue grows 42% to 1,089 crore, net profit nearly triples
Strong demand for value-added dairy products, operational efficiencies and a favourable product mix supported the companys quarterly and half-year performance.
Karnataka sugarcane farmers urge Ramesh Chand panel to fix ex-field pricing for FRP
A section of the growers says they should receive the full government-announced price at their farm gate without any deductions towards harvesting and transportation costs by the factories
Noel Tata to retire as Trent chairman, Bahram Vakil to succeed
Noel N. Tata will retire as chairman and director of Trent Ltd on November 11, after nearly three decades with the Tata Group retailer. Bahram Vakil has been appointed as his successor, effective November 12, in a leadership transition aligning with Tata Group Governance Guidelines.
Beyond Hotels: Salil Panigrahi on Building the Indian Oceans Next Lifestyle Ecosystem
4 samosas, 35 g protein: Mumbai nutritionist shares a crispy, healthy samosa recipe
Discover a guilt-free twist on the classic samosa with Mumbai nutritionist Vanshika Khurana's innovative recipe. Utilizing whole wheat tortillas and protein-packed soya granules, this dish is both nutritious and low in calories. Enhanced with aromatic spices, these crispy air-fried samosas serve as a delicious snack. Pair them with zesty green chutney for an enticing evening delight!
Prime Minister Narendra Modi will release the 24th PM-Kisan instalment on October 30 at an event in Gujarat. Here's how to check the payment status.
Trehan IRIS to develop a senior living project in Gurugram
Trehan IRIS will introduce a senior living community in Gurugram, complemented by a commercial landmark in Noida. The ambitious IRIS Broadway Greno West project in Greater Noida West has secured an investment of Rs 400 crore. Aimed at a vibrant young population in the area lacking adequate retail and entertainment options, this mall is projected to attract large crowds and foster substantial annual revenue.
Adani Ports & SEZ evaluates 20 global assets for acquisitions; rules out UKs AB Ports
AB Ports ruled out as asset failed to meet return-on-capital expectations
ITAT Chennai has deleted a 26 lakh penalty on a salaried taxpayer who accepted a 26 lakh cash advance while selling his house to repay an outstanding home loan. The tribunal cited reasonable cause, considering the genuine transaction and financial circumstances.
Sensex Soars 905 Pts, Nifty Crosses 22,900 Mark
Indian stock markets witnessed a significant rally, with the Sensex soaring 905 points and the Nifty topping 22,900, primarily driven by strong buying in banking and FMCG shares, coupled with easing crude oil prices and a US Fed rate pause.
Horizon Industrial Parks leases record 2.5 million sq ft in Q2, revenue rises 30%
Horizon Industrial Parks achieved a 30% increase in revenue, reaching Rs 215 crore for the quarter. The company leased 2.5 million sq ft, exceeding expectations and reaching 68% of its annual target. With an occupancy rate of 94%, Horizon delivered six buildings totaling 1.8 million sq ft during the quarter. The company's net debt decreased significantly after its initial public offering.
US economy grows faster than expected at 3.4% in Q3 on consumer spending, AI boom
The US economy grew at a faster-than-expected 3.4% annualised rate in the third quarter, driven by resilient consumer spending and AI-related business investment despite higher oil prices linked to the Middle East conflict. The robust growth contrasts with weak consumer sentiment and comes as the Federal Reserve keeps interest rates unchanged.
Karwa Chauth shopping spreads beyond the North
Noel Tata will step down as Trent chairman and director on November 11 after nearly three decades with the retailer, with Bahram Vakil taking over from November 12. Tata will become chairman emeritus. The board has also approved two director appointments as Trent reported a 25% rise in September-quarter net profit.
World War 3? US, Europe, Japan urge households to prepare emergency stockpiles. Here's what you need
In response to various uncertainties, nations such as the United States, the UK, and Japan are encouraging families to build emergency stockpiles. The suggested duration fluctuates from three days to two weeks. Crucial supplies include water, canned foods, medications, and hygiene essentials. Those living in colder regions or with pets may need additional provisions. These preparedness strategies are designed to help households cope during emergencies and social upheaval.
EPFO plans to invest in AIFs, startups, says report
Afghanistan vs Zimbabwe: Playing XI, live streaming, date, time, pitch and weather report
AFG vs ZIM Live Streaming: Afghanistan will face Zimbabwe in the second T20I match on October 29 at Sharjah Cricket Stadium. The first match ended with Afghanistan winning by 37 runs, giving them a 1-0 series lead. Zimbabwe aims to recover from this loss and even the series before the final match. Conditions in Sharjah are suitable for bowlers, especially spinners, due to the pitch's characteristics.
Chhattisgarh High Court has held that a woman working as a guest lecturer cannot be denied maternity leave salary merely because she is not a regular employee. Justice Bibhu Datta Guru directed the State authorities to decide Pushpa Jaiswal's claim for unpaid maternity salary, preferably within three months.
IndiGo may raise fares as fuel costs soar: CEO
IndiGo may raise airfares to offset a sharp increase in fuel costs, with CEO Willie Walsh saying the airline has limited room for further cost-cutting despite efforts to contain expenses.We have no choice but to look to increase fares to offset very significant rise in fuel bill, Walsh said, signalling that higher operating costs could translate into more expensive tickets for passengers.Also Read: IndiGo Q2 Results: Loss narrows YoY to Rs 1,879 crore; revenue rises 26%The country's largest airline will also review its network and capacity plans to limit the impact of elevated fuel prices, while continuing to explore ways to trim expenses. However, Walsh cautioned against expecting major cost reductions, citing the airline's already efficient cost structure.We will continue to look at measures to trim expenses but should not expect any significant cost measures, he said.IndiGo's comments come after it reported a net loss of Rs 1,879.1 crore for the September quarter, as a steep increase in aviation fuel expenses and rupee depreciation weighed on profitability. The airline's fuel bill surged 67.2% year on year to Rs 9,966.8 crore during the quarter.Also Read: Guwahati-Bangkok direct flights begin; IndiGo to operate services twice a week from October 31Walsh said IndiGo's cost base and financial position offered some flexibility in navigating the challenging operating environment.IndiGo has very efficient cost base, strong liquidity that gives us lot of options, he said.The airline also expects oil prices to remain elevated through the rest of the year, making fuel expenses a key concern for its operations and financial performance.Capacity and network under reviewIndiGo will assess its network and capacity plans to manage the pressure from higher fuel costs. The airline had already reduced capacity by 1% to 40.8 billion available seat kilometres (ASKs) in the September quarter, while the number of passengers carried declined 4.7% to 27.5 million.For the December quarter, the airline expects capacity, measured in ASKs, to grow in the early single digits compared with the year-ago period.Walsh said the airline could also participate in the Indian government's fuel price stabilisation fund, although no further details were provided.The CEO added that there was no change in the timeline for introducing widebody aircraft, indicating that the airline's longer-term fleet plans remain intact despite the near-term cost pressures.Fuel costs squeeze profitabilityIndiGo's parent, InterGlobe Aviation, reported total income of Rs 24,311.9 crore in the September quarter, up from Rs 19,599.5 crore a year earlier. Total expenses, however, climbed to Rs 26,188.4 crore.The airline's loss narrowed from Rs 2,582.1 crore in the year-ago quarter, but exceptionally high fuel costs and the depreciation of the rupee continued to weigh on its bottom line.We responded with prudent capacity reduction and yield management, supporting strong revenue performance but only partially offsetting the higher costs. Despite these actions, the quarter resulted in a net loss of around 19 billion rupees, Walsh said in a statement following the results.He said IndiGo remained focused on managing near-term challenges while continuing to invest in its future growth.India's long-term aviation opportunity remains compelling, and our priorities remain clear: safe and reliable operations, rigorous cost discipline, and disciplined growth that creates sustainable value, he said.Shares of InterGlobe Aviation, IndiGo's parent company, closed 0.32% lower at Rs 4,675 on the NSE on Thursday.
Services growth widens in August; 13 of 19 sectors post double-digit gains
NSO data shows 17 services sub-sectors expanded in August, led by retail trade, while repair services rebounded sharply and air transport contracted for a fifth straight month
In July 2026, the Argosy VI, previously a floating casino, was intentionally sunk to create an artificial reef as part of Alabama's commitment to fostering marine ecosystems. The state has been building a robust network of underwater habitats utilising diverse materials, such as decommissioned military tanks and retired ships. Meticulous measures were taken to prioritise environmental safety during the sinking process, supporting marine life and boosting regional tourism.
Karnataka hikes milk price by 8 per litre from November 1
The Cabinets decision follows protests by milk producers and demands from cooperatives for higher payments amid a crisis faced by farmers.
IKEA to open new city centre store in Bengaluru next month, expanding urban presence
IKEA is set to open a new city centre store in Bengaluru next month, which will enhance accessibility. The upcoming store will feature an 80,000 square feet retail area with over 5,200 products available. This expansion follows the success of IKEA's large-format store opened in June 2022 in Nagasandra. IKEA aims to cater to evolving customer needs by providing a smaller urban outlet.
Uber has introduced encrypted trip video recording to help resolve disputes, with footage accessible only to law enforcement agencies that formally approach the company. The ride-hailing platform has also strengthened driver safety measures and expanded earning opportunities through intercity bike rides, parcel deliveries and additional services.
Indus Towers starts earning revenue from Africa expansion
Indus Towers has initiated its expansion into Africa by deploying towers in Zambia and Uganda. The company aims to start operations in Nigeria soon while focusing on generating revenue from established markets. Indus Towers plans to build upon its shared-infrastructure model by engaging additional customers for its towers. The company has reported a growth in its overall tower base, reflecting its ongoing success in the Indian market.
PM to visit Gujarat on Oct 30-31, inaugurate projects worth Rs 14,000 crore
Prime Minister Narendra Modi will begin a two-day visit to Gujarat, where he will inaugurate significant development projects. He will dedicate over Rs 14,000 crore worth of initiatives, including child-friendly Anganwadi Centres and agriculture infrastructure projects. Modi is also set to participate in cultural celebrations, notably Bharat Parv 2026, aimed at showcasing India's diverse heritage. Additionally, he will lay the foundation stone for the Ahmedabad Metro phases.
Ramayana Part 1, directed by Nitesh Tiwari, will be released worldwide on November 5. The film features a cast including Ranbir Kapoor, Sai Pallavi, Yash, and Ravie Dubey. Creative Head of House of Amrapali, Tarang Arora, recently discussed the extensive jewellery designs in an exclusive chat with ET Digital. The project involved the creation of over 4,500 jewellery pieces influenced by traditional Indian art and temples. Read on!
