Airspace closures, rising jet fuel costs to hit IndiGo, SpiceJet’s profitability as cancellations amount

Geopolitical tensions between Israel and Iran have forced Indian airlines to cancel flights to the Middle East and parts of Europe, impacting up to 40% of Air India’s capacity.   The conflict between Israel and Iran has impacted the Indian airline carriers’ capacities, as geopolitical tensions have caused cancellations of all flights to the area…

India has enough fuel stocks to meet demand for up to eight weeks

While immediate shortages are unlikely, rising crude prices and higher freight and insurance costs could impact India’s import bill and inflation India holds sufficient crude and fuel inventories to meet domestic demand for petrol, diesel, and other fuels for six to eight weeks, top government sources said, cushioning the country against any short-term supply disruption…

Sensex crashes 1,236 points, investors lose ₹8 lakh crore— Why did the stock market fall? Explained with 5 key factors

The Sensex crashed 1,236 points, while the Nifty 50 ended at 25,454.35. Investors lost about ₹8 lakh crore as the overall market capitalisation of BSE-listed firms dropped to nearly ₹464 lakh crore during the day from ₹472 lakh crore in the previous session. The Indian stock market saw a sharp selloff on Thursday, February 19,…

Defence Acquisition Council clears ₹3.25 lakh crore deal to buy 114 Rafale fighter jets from Dassault

India and France likely to ink pact for purchase and coproduction of Rafales during  French President Emmanuel Macron’s visit to India late next week   Ahead of French President Emmanuel Macron’s visit to India from February 17, The Defence Acquisition Council, headed by Defence Minister Rajnath Singh, on Thursday gave initial clearance for a deal…

Budget 2026: Will markets see a pre-Budget rally? Don’t expect broad-based buying, say analysts

Historical trends indicate that the Indian market typically underperforms in January preceding a budget, with the Nifty falling in four of the last five years due to profit-booking and policy uncertainty, an analyst said. Finance Minister Nirmala Sitharaman will be presenting Union Budget 2026 on February 1. Investors are looking forward to a rally ahead…

Putin visit: Russia seeks stronger civil nuclear partnership with India

The two leaders will review the entire range of the multifaceted defence relations, including military and military technical cooperation Ahead of Russian President Vladimir Putin’s visit to India, the Russian Cabinet on Tuesday cleared the signing of a memorandum of understanding (MoU) with India to deepen bilateral cooperation in civil nuclear energy.   During Putin’s…

Infosys announces Rs 18,000-crore share buyback: What it means for the IT firm’s 26 lakh shareholders

This is the first buyback of shares announced by Infosys since 2022, when the company had agreed to a buyback proposal of Rs 9,300 crore. Infosys on September 11 announced that its board has approved a share buyback proposal worth Rs 18,000 crore, its largest ever. The buyback price has been set at Rs 1,800…

Market regulator SEBI plans to extend equity derivatives’ tenure to curb losses

“The plans to extend the tenure of such contracts is at a conceptual stage,” SEBI chairman Tuhin Kanta Pandey said at the sidelines of an industry event “Markets regulator Securities and Exchange Board of India – SEBI  is planning to increase the tenure and maturity of equity derivatives contracts,” its chairman Tuhin Kanta Pandey said…

OpenAI’s $30bn Oracle deal: Largest AI deal that could reshape the future of Cloud AI

The partnership is part of OpenAI’s Stargate initiative, an ambitious $500 billion plan to build out 10 gigawatts of AI infrastructure across the US over the next four years.   Oracle and OpenAI have signed a mammoth deal, which potentially amounts to OpenAI paying $30 billion annually to Oracle for its data centre services. OpenAI…

Bahrain Golden Visa vs UAE: How Indians can choose the right Gulf path

Bahrain’s 10-year Golden Residency Visa offers a lower-cost, flexible alternative to the UAE’s, with options for professionals, retirees, and property investors   Dubai’s Golden Visa is often the most talked-about long-term residency route in the Gulf. But Bahrain, in 2022, rolled out its own version — the Bahrain Golden Residency Visa — as part of…