Business News

Mumbai. Wednesday, 27 May 2026 The Indian aviation sector is bracing for a significant consolidation as the country’s two largest carriers, IndiGo and Air India, prepare to scale down their domestic operations. Starting June 1, 2026, passengers across India will experience fewer flight options and potentially higher airfares as both …

Mumbai. Wednesday, 27 May 2026 The international agricultural trade market just witnessed a massive plot twist. For the first time since 2021, Indian traders have cancelled approximately 25,000 tonnes of soymeal export contracts. Rather than shipping this vital protein source out to its traditional Asian buyers, India has completely reversed …

Mumbai. Wednesday, 27 May 2026 The Reserve Bank of India (RBI) recently witnessed an overwhelming wave of banking participation during its dollar/rupee buy-sell swap auction. Commercial lenders rushed the central bank with bids totaling a staggering $9.80 billion—nearly double the initially announced target of $5 billion. Faced with this massive …

Singapore. Wedenday, 27 May 2026 In a dramatic escalation of the legal battles surrounding India’s once-celebrated edtech pioneer, a Singapore court has sentenced Byju Raveendran, the founder of Byju’s, to six months in prison. The conviction stems from charges of civil contempt of court after Raveendran repeatedly failed to comply …

New Delhi. Wednesday, 27 May 2026 The Government of India has formally announced an Offer for Sale (OFS) to dilute up to a 2% equity stake in state-run mining giant Coal India Limited (CIL). The disinvestment updates were broadcasted on social media platform X by the Secretary of the Department …

Mumbai. Wednesday, 27 May 2026 India is completely modernizing its macroeconomic dashboard. The central government’s major overhaul of the Index of Industrial Production (IIP) shifts its baseline anchor from the outdated 2011-12 tracking period to a modern 2022-23 base year. Scheduled to take effect on June 1, 2026, this structural …

Ottawa. Tuesday, 26 May 2026 In a major diplomatic turnaround, India and Canada have announced a significant breakthrough in their long-stalled free trade negotiations. Signaling a powerful economic reset, both countries have officially committed to finalizing the long-pending Comprehensive Economic Partnership Agreement (CEPA) by the end of 2026. The breakthrough …

New Delhi. Tuesday, 26 May 2026 A dangerous fraudulent email campaign is aggressively targeting internet users across India. The messages falsely claim to be officially issued by the Reserve Bank of India (RBI), attempting to trap citizens with lucrative promises of massive money transfers, lottery compensation payments, inheritance funds, and …

Mumbai. Tuesday, 26 May 2026 The landscape of AI-assisted software engineering is shifting rapidly. As platforms transition from static chat systems to autonomous agent workflows, developers are facing an unexpected hurdle: soaring compute costs and depleted token quotas. In a swift response to widespread community feedback, Google has introduced a …

Mumbai. Tuesday, 26 May 2026 India’s premier commodity exchange, the Multi Commodity Exchange of India Ltd. (MCX), witnessed an extraordinarily high-volume trading session on Tuesday. Total combined turnover rocketed past the ₹5,16,719.54 crore milestone, fueled by heavy options hedging and a sharp divergence between precious metals and global energy segments. …