The latest SpiceJet UK court ruling has delivered another major setback to the financially troubled airline, further intensifying concerns about its future. A UK court has ordered the Indian carrier to pay approximately $8 million to aircraft engine lessor Sunbird France 02 SAS over unpaid rent and maintenance charges for…
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India State Elections 2026 Begin Across Five Key Battlegrounds
Millions of Indians lined up at polling stations on Thursday as the first phase of the India State Elections 2026 began across Assam, Kerala, and Puducherry. These crucial regional contests, followed later this month by West Bengal and Tamil Nadu, are being closely watched as a major indicator of public…
Air India CEO Resignation Signals Major Shift in India’s Aviation Industry
India’s aviation sector is witnessing a significant leadership shake-up as the Air India CEO resignation marks a crucial moment for the Tata Group-owned carrier. Campbell Wilson, who was brought in during 2022 to lead the airline’s transformation after privatization, has decided to step down, adding further uncertainty to an already…
India’s Sovereign Credit Guarantee Scheme to Support Businesses Amid Middle East Crisis
India is preparing to launch a major sovereign credit guarantee scheme to protect businesses impacted by the ongoing Middle East crisis. The move is expected to provide financial relief to small and medium enterprises (SMEs), especially sectors facing supply chain disruptions and rising operational costs. This sovereign credit guarantee scheme…
RBI interest rate Hold Likely as Rupee Weakens and Bond Yields Rise
India’s financial markets are closely watching the RBI interest rate decision as the central bank is widely expected to keep the repo rate unchanged at 5.25 percent. The decision comes at a time when the ongoing Iran war has triggered a sharp rise in oil prices, weakened the rupee, and…
India Import Duty Cuts Could Stabilize Prices and Domestic Availability
India is moving swiftly to protect its economy from the growing fallout of the Middle East conflict, with policymakers considering India import duty cuts and selective export regulations to ensure adequate domestic supplies of essential goods. The closure of the Strait of Hormuz, a key global oil artery, has intensified…
India LPG Crisis Pushes Faster Shift Towards Piped Gas Network
The ongoing India LPG crisis has provided the country with an opportunity to improve its energy infrastructure and minimize its heavy dependence on imported cooking gas. This crisis has been triggered by supply chain issues due to the war in Iran and the closure of major trade routes in the…
Vedanta Adani Legal Battle Heats Up Over $4 Billion Jaiprakash Assets
The Vedanta Adani legal battle has reached a critical juncture, with billionaire Anil Agarwal moving the Supreme Court to contest Gautam Adani’s winning bid for bankrupt Jaiprakash Associates. This has now become one of India’s most dramatic corporate battles, with Adani and Vedanta fighting over nearly $4 billion worth of…
India Census 2027 Marks the Beginning of the World’s Largest Population Survey
India is set to launch one of the largest administrative exercises in the world’s history. More than three million officials are expected to launch the India Census 2027, a massive exercise in population surveying set to take a year to complete. Beginning on April 1st, the census marks the beginning…
Vedanta Demerger Set to Reshape India’s Mining and Metals Giant
India’s corporate sector is on the verge of a major transformation as the Vedanta demerger moves closer to implementation. The mining-to-metals conglomerate, led by chairman Anil Agarwal, is preparing to split into five separately listed companies early next month. The development marks a significant milestone in the company’s long-term restructuring…