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Industries/Corporate

Air India Cuts Flights on Select Domestic Routes Amid Rising Fuel Costs from Middle East Conflict

New Delhi: Air India has reduced flight frequency on several domestic routes between June and August as the airline looks to manage costs amid soaring aviation fuel prices linked to the ongoing Middle East conflict, a statement said on Wednesday. The Tata Group-owned airline said in the statement that the move follows its earlier decision

Government to Sell Up to 2% Stake in Coal India via OFS from May 27–29

Mumbai: The central government will divest up to a 2 per cent stake in Coal India Limited through an Offer for Sale (OFS) scheduled between May 27 and May 29, the company informed the stock exchanges on Tuesday. The PSU mining giant informed stock exchanges about the disinvestment plan, which is part of the government’s

Uber To Set Up First India Data Centre With Adani Group, Says CEO Dara Khosrowshahi

Ahmedabad: Ride-hailing giant Uber will establish its first data centre in India in partnership with Adani Group, as the country emerges as a key innovation hub for the company, CEO Dara Khosrowshahi said on Wednesday. Sharing details about the development after meeting Adani Group Chairman Gautam Adani here, the Uber CEO said India is rapidly

Noel Tata Opposes Reappointment of Venu Srinivasan, Vijay Singh as TEDT Trustees: Reports

New Delhi: Tata Trusts Chairman Noel Tata has reportedly voted against the reappointment of Venu Srinivasan and Vijay Singh as trustees of the Tata Education and Development Trust (TEDT), highlighting emerging differences within the group’s leadership structure. Noel Tata reportedly has cast his vote, a day before the voting window was scheduled to close, confirming

India Real Estate Investment Surges 37% YoY to $1.7 Billion in Q1 2026

New Delhi: India’s real estate investment market maintained strong momentum in Q1 2026, with transaction volumes rising 37% year-on-year to $1.7 billion, according to a report on Monday. The report from JLL said the quarter saw a structural shift toward core asset acquisitions, which surged 178 per cent to $1.03 billion. The trend has accelerated

Bamboo Sector Boosting Jobs in Northeast After Legal Reforms

New Delhi: Prime Minister Narendra Modi, in his monthly radio programme, Mann Ki Baat, highlighted that changes to British-era laws have driven growth in the bamboo sector, creating new employment opportunities across Northeast India. Speaking during the 133rd episode of his monthly radio programme, Mann Ki Baat, PM Modi said, “The Northeast is like Ashtalakshmi

Meta Platforms and Microsoft Plan Job Cuts and Buyouts Amid AI-Driven Restructuring Push

New Delhi: Meta Platforms and Microsoft are reportedly considering workforce reductions and voluntary buyout offers as both companies intensify cost optimisation measures while making major investments in artificial intelligence (AI), according to multiple reports. Meta reportedly told employees in an internal memo that it plans to cut about 10 per cent of its workforce or

Hyundai Motor, Kia, Others to Voluntarily Recall Over 5 Lakh Vehicles Over Defective Parts

Seoul: South Korea’s transport ministry announced on Wednesday that Hyundai Motor, Kia, and two other automakers will voluntarily recall more than half a million vehicles to fix defective components. The recall involves safety-related issues identified across multiple models, prompting corrective action from manufacturers. Hyundai Motor and Kia are among the companies taking part in the

Namita Thapar Hits Back at Trolls Over Namaz Health Benefits Remark

New Delhi: Namita Thapar, judge on Shark Tank India and executive director of Emcure Pharmaceuticals, on Monday, responded to online backlash over her comments on the health benefits of namaz, shared in an Instagram post in March this year. Thapar said she and her mother were subjected to abusive comments following her social media post,

CBI Arrests Two RCom Executives in ₹19,694 Crore Bank Fraud Case Involving Anil Ambani Firm

New Delhi: The Central Bureau of Investigation (CBI) has arrested Reliance Communications executives D. Vishwanath and Anil Kalya in connection with a ₹19,694 crore bank fraud case linked to the Anil Ambani-led company, as per agency statement on Monday. The CBI had registered a regular case against Reliance Communications Limited, Anil D Ambani, and unknown