Despite reporting a weaker-than-expected net loss of Rs 2,536 crore for Q4FY26, largely due to a significant non-cash forex loss, analysts remain optimistic about IndiGo's long-term prospects, citing strong demand trends, a favourable pricing outlook, and strategic cost-control measures.
The Indian government has issued a stern warning to industrial users who are reportedly procuring cheaper retail fuel instead of industrial-grade fuel, leading to significant losses for state-run oil marketing companies (OMCs) and potential local shortages. This diversion, driven by a substantial price difference between retail and bulk diesel, is adversely impacting OMCs, which are absorbing daily losses of approximately 550 crore to keep retail prices stable.
"There is a sharp jump that we have seen in bookings of EVs... The jump, at least in our case, in just two months, it is about 2 to 2.5 times of what it used to be"
A 21-year-old man drowned in a canal near Sector-4 in Bawana after being swept away by strong currents while taking a bath with a colleague.
Jewellery majors Titan Company and Kalyan Jewellers reported robust Q4 FY26 results, with Titan's consolidated revenue surging 81 per cent year-on-year, largely propelled by a sixfold increase in bullion and digital gold sales. Despite strong top-line growth, Titan's gross and operating profit margins faced pressure due to the higher share of lower-margin gold products and increased marketing expenditure.
Petrol price has been increased by 87 paise in Delhi from Rs 98.64 to Rs 99.51 per litre. Diesel rates have gone up by 91 paise from Rs 91.58 to Rs 92.49.
'...depicting a love story is hard.'
Six labourers died and three were injured when part of an under-construction bridge collapsed in Hamirpur, Uttar Pradesh, following a storm. The incident occurred early Friday morning as labourers slept on a slab of the bridge.
After spending 31 months in Chennai's Puzhal prison, Ahmed Buhari is finally breathing free, as courts across the country quashed proceedings linked to his group company Coastal Energy.
A 32-year-old married woman allegedly killed her 26-year-old lover in Nashik with the help of her relative following a financial dispute, police said.
A court in Mumbai sentenced a customs clearing agent to two years' imprisonment in four cases of import duty evasion, while acquitting three others due to flawed investigation by the CBI.
Faridabad police have arrested a husband and wife from Mumbai for allegedly defrauding people of approximately Rs 31 crore through fraudulent investment schemes in forex trading and film production.
TVS Venu Group has agreed to acquire a minority stake of up to 9.9 per cent in Jana Small Finance Bank, including a 4.9 per cent ownership by TVS Motor Company, through a combination of primary issuance of warrants and a secondary purchase.
The BCCI's Anti-Corruption Unit has banned the use of smart sunglasses by players and match officials in the ongoing IPL due to security concerns and advanced communication features.
The Karnataka State Cyber Command has uncovered a fake call centre racket operating in Bengaluru, where individuals impersonated a US-based accounting firm to defraud US citizens.
Robin Liu steps down as India CEO of OnePlus. The company shares key updates on its India operations and future strategy. Here's what it means for the brand and market.
Petrol and diesel prices in India have seen their fourth increase in less than two weeks, pushing cumulative hikes to nearly Rs 7.5 per litre since May 15, reaching their highest levels since May 2022. This surge, driven by global crude oil costs and the Iran conflict, is expected to exacerbate inflationary pressures and raise transportation costs across the economy.
Loitering munitions, often described as 'suicide drones' or 'kamikaze drones', are becoming central to modern warfare because of their ability to hover over target areas, identify threats and strike with high precision.
'With inflationary pressures now at elevated levels and the adverse cost environment persisting, the company has to pass on a portion of the increased costs to the market, while continuing to ensure that the impact on customers is kept to the minimum extent possible.'
Escalating geopolitical tensions in West Asia are beginning to disrupt India's automotive supply chain, leading to rising commodity prices, logistics bottlenecks, material shortages, and pressure on consumer demand, with two-wheeler makers already raising prices.
Education Minister Dharmendra Pradhan and Rahul Gandhi have engaged in a public dispute over alleged irregularities in the CBSE exam system, with Gandhi demanding an independent probe and Pradhan accusing Gandhi of politicising the issue.
Uttar Pradesh DGP Rajeev Krishna announced a conviction rate of over 93 per cent due to the state's 'zero tolerance' policy against crime. Authorities seized properties worth nearly Rs 788.38 crore linked to criminal activities.
Prudential plc has announced its acquisition of a 75 per cent stake in Bharti Life Insurance for approximately 3,500 crore, a strategic move to secure majority ownership in the Indian life insurance market. This acquisition necessitates Prudential reducing its holding in ICICI Prudential Life Insurance to below 10 per cent.
Delhi Police have arrested the prime suspect and apprehended a juvenile in connection with the murder of a 21-year-old man in Delhi's Anand Parbat area. The victim, Sagar, was allegedly killed due to a past rivalry.
OpenAI and Anthropic are not simply enabling new software capabilities, they are moving directly into enterprise execution, workflow ownership, and decision orchestration.
Kerala ministers deny allegations of a Congress-BJP operation behind ED searches at residences linked to Marxist veteran Pinarayi Vijayan, claiming instead that the CPI(M) had an understanding with the BJP. They also downplayed the significance of the searches and the meeting between the Kerala CM and the Prime Minister.
Byju Raveendran, founder of the embattled edtech firm Byju's, has been sentenced to six months in jail by a Singapore court for contempt of court over alleged non-compliance with disclosure orders, a ruling he described as "procedural" and plans to appeal.
A Delhi court has ordered the framing of charges against actress Jacqueline Fernandez, Sukesh Chandrashekhar, and others in connection with a Rs 200-crore money laundering case. The court also ordered charges against Chandrashekhar and others for offences including those under MCOCA in a separate case.
The East India Company, revived by Indian businessman Sanjiv Mehta in 2010, has ceased operations and entered liquidation, marking the end of its modern incarnation.
'When we start describing somebody as an enemy that is the start of politics and emotion after which no business can take place.' 'We need to get out of this, allow Indian businessmen to do business with China.'
A Delhi court has ordered the framing of charges against Sukesh Chandrashekar and 20 others under MCOCA and other offences related to extortion and organised crime.
Sumit Antil, a two-time Paralympic gold medallist, has criticised a segment of coaches for being egoistic, using outdated training methods, and being abusive. He shared his own experiences and those of other athletes to highlight the issues within the coaching system.
Adani Group has agreed to pay USD 275 million to settle allegations of violating US sanctions on Iran. The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) acknowledged the Indian conglomerate's extensive cooperation and proactive disclosures during the investigation.
Two-time Paralympic gold medallist Sumit Antil alleges that a significant portion of coaches are egoistic, use outdated training methods, and are sometimes abusive. Antil cites his own experiences and those of other athletes to support his claims, highlighting issues such as the lure of prize money and the lack of responsibility taken for athletes who don't succeed.
A Kerala court has dismissed the bail plea of five individuals accused of attacking vehicles carrying Enforcement Directorate (ED) officials. The court cited the severity of the attack, potential impact on society, and ongoing investigation as reasons for denying bail.
TVS Motor Company has appointed Ravindran Shanmugam, a technology entrepreneur and business leader, as an independent director for a five-year term, effective May 13, subject to shareholder approval.
A man in Mumbai has been booked for allegedly cheating a woman of 7 crore by making false promises of financial assistance and business loans after her husband's death. The accused, Bharat Singh alias Johnny, allegedly obtained the woman's GST login credentials and carried out fake transactions in her company's name.
A tailor has been arrested for allegedly setting vehicles on fire during labour unrest in Noida on April 13. Police allege the accused incited workers to strike and then participated in arson, damaging vehicles with iron pipes. The accused was identified using scientific and electronic evidence.
Quick commerce platform Zepto is reportedly planning to launch its Rs 11,000-crore Initial Public Offering (IPO) in July, following SEBI approval. The company is pursuing a distinct growth strategy, focusing on market density and operational intensity in metro markets rather than rapid geographic expansion, a move that sets it apart from rivals like Zomato and Swiggy.
Fintech and enterprise technology firm Paramotor Digital Technology Ltd has confidentially filed draft papers with markets regulator Sebi for an initial public offering (IPO). The company submitted its draft papers under Sebi's pre-filing route, which allows issuers to keep details related to the issue size and other key information confidential until a later stage.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances