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NEW DELHI: Air India CEO Campbell Wilson has resigned, a source with direct knowledge of the matter said on Tuesday, as the airline grapples with persistent losses and heightened regulatory scrutiny following a crash last year that killed 260 people. The news of his resignation comes just days after its bigger rival IndiGo tapped aviation industry veteran Willie Walsh as its next CEO, as the country's two largest carriers come under pressure to tackle a mounting industry crisis stemming from th ...Read More >
MUMBAI - India, the world's largest urea importer, is looking to purchase 2.5 million metric tons of the key crop nutrient to shore up domestic supplies, which have tightened due to the U.S.-Israeli war with Iran. State-run Indian Potash Ltd (IPL) issued a tender on Saturday to import 1.5 million tons via the country's west coast. The remaining 1 million tons will arrive through the east coast, according to the document posted on the company's website. Shipments are expected to leave the load ...Read More >
NEW DELHI - The appointment of aviation heavyweight Willie Walsh as CEO of IndiGo is likely to bolster the Indian airline's global expansion but the former British Airways (BA) chief first has to repair its dented reputation. India's largest airline commanding about 65% of domestic flights stunned the industry with Walsh's appointment on Tuesday. That followed months of negative press and regulatory pressure after it cancelled thousands of flights in December due to inadequate planning for pil ...Read More >
NEW DELHI - Indian billionaire Anil Agarwal is challenging fellow tycoon Gautam Adani's winning bid for a bankrupt real estate giant in the Supreme Court, intensifying the fight over a $4 billion pool of prized assets that includes the country's only Formula One track. Agarwal's Vedanta has mounted a legal challenge over a creditor committee's decision to award the assets of Jaiprakash Associates to Adani, a portfolio that includes homes, power, cement plants and the Buddh International Circu ...Read More >
BEIJING/NEW DELHI: Indian billionaire Mukesh Ambani's Reliance Industries is rushing to get its orders of battery components out of China ahead of new export curbs, two people briefed on the matter said, as concerns mount worldwide about how Beijing intends to enforce its widening export control regime. A team from Reliance has travelled to China to speed up the work, one of the sources said. Reliance and China's Ministry of Commerce did not respond to a request for comment. The people decline ...Read More >
BENGALURU - Tata Consultancy Services' plan to invest up to $7 billion in a 1 gigawatt data centre unit in India has sparked cautious reactions, with some analysts flagging limited overlaps with its core IT services and potential pressure on returns. The move, which pushed TCS shares down as much as 1.5% on Friday, marks a strategic shift for India's largest IT firm, which has traditionally followed a capex-light, organic growth business model. The recent boom in AI technologies, which require ...Read More >
MUMBAI - India has raised the price at which it will buy new-season wheat from domestic farmers by 160 rupees ($1.80) or 6.6% to encourage growers to expand acreage and boost supplies in the world's second-biggest producer of the grain. The revised purchase price of 2,585 rupees ($29.15) per 100 kg for 2026 compares with 2,425 a year earlier, Minister for Information Technology Ashwini Vaishnaw told a news conference after a meeting of Prime Minister Narendra Modi's cabinet. India sets a price ...Read More >
Kolkata, Sep 16 (PTI) Economist and former CPI(M) leader Prasenjit Bose joined the Congress during a programme in the metropolis, and asserted that he would support the party in its fight to "save the Constitution". Bose (51) became a part of the Congress at a formal joining ceremony here on Monday in the presence of party leaders Ghulam Ahmad Mir, Syed Naseer Hussain and Kanhaiya Kumar, besides state unit president Subhankar Sarkar. "We have to protect the Constitution, establish a government ...Read More >
SINGAPORE/NEW DELHI: Sanctioned tanker Spartan has discharged Russian crude oil at India's Mundra port despite a ban by the Adani Group on entry of blacklisted ships at the terminal, ship tracking data from LSEG and Kpler showed on Tuesday. The Suezmax tanker discharged 1 million barrels of Urals crude at Indian refiner HPCL-Mittal Energy Ltd's (HMEL) Mundra terminal, Kpler data showed. Spartan, formerly known as SCF Samatlor, has been blacklisted by the European Union and Britain for breachin ...Read More >
BENGALURU: Jane Street has told staff it will contest a ban by India's financial regulator which has accused the U.S. high-frequency trading giant of market manipulation, adding that its practices in question were "basic index arbitrage trading". Jane Street said it was "beyond disappointed" by what it called "extremely inflammatory" accusations from the Securities and Exchange Board of India (SEBI) and is working on a formal response, according to an internal email sent to employees over the w ...Read More >
BENGALURU: India's services sector enjoyed its strongest growth in ten months in June, fuelled by robust demand and cooling price pressures, a survey showed on Thursday. The HSBC final India Services Purchasing Managers' Index (PMI), compiled by S&P Global, climbed to 60.4 in June from 58.8 in May, but was a touch lower than a preliminary estimate of 60.7. The PMI threshold of 50.0 separates growth in activity from contraction. The new business sub-index - a key gauge of demand - rose sharply ...Read More >
CHENNAI, INDIA - Media OutReach Newswire - 2 July 2025 - OneMagnify, a global leader in marketing, data, and technology solutions, has once again been recognized as a Best Place to Work in India for 2025 -- marking our fourth consecutive year of being certified. This prestigious recognition is a testament to the culture of trust, collaboration, and excellence that our teams continue to nurture and elevate year after year. The certification is based on a comprehensive assessment of workplace cul ...Read More >
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