News for 'Commercial Service'

L&T reports 3% decline in profit; revenue up 11%

L&T reports 3% decline in profit; revenue up 11%

Rediff.com6 May 2026

Infrastructure major Larsen & Toubro (L&T) reported a 3 per cent year-on-year decline in consolidated net profit for Q4 FY26, reaching 5,325.60 crore, primarily due to exceptional gains in the previous year. Despite this, the company's consolidated order book surged by 28 per cent to 7.4 trillion, with international orders accounting for 52 per cent.

Sri Lanka airport lease near China-controlled Hambantota port opens door for India

Sri Lanka airport lease near China-controlled Hambantota port opens door for India

Rediff.com17 May 2026

India is closely monitoring Sri Lanka's decision to offer foreign investors control of an airport near the China-controlled Hambantota port, as it could present a rare opening for Indian firms seeking strategic footholds in the Indian Ocean.

Japan's Onestruction, IISc Join Hands For Urban Data Exchange

Japan's Onestruction, IISc Join Hands For Urban Data Exchange

Rediff.com24 Apr 2026

Onestruction Inc and DataKaveri Systems have signed an MoU to establish a framework for strategic and technical collaboration in urban and built environment data exchange.

TaMo PV profit slumps 32% on JLR headwinds

TaMo PV profit slumps 32% on JLR headwinds

Rediff.com15 May 2026

Tata Motors' MD and CEO, Girish Wagh, has identified rising diesel prices as the most significant threat to India's commercial vehicle (CV) industry recovery, despite the sector recently surpassing its pre-FY19 wholesale peak. Diesel costs account for 25-50% of a truck operator's total cost of ownership, making any increase a critical concern for fleet economics.

Gulf War: Indian Airlines Face Rs 2,500 Cr Losses

Gulf War: Indian Airlines Face Rs 2,500 Cr Losses

Rediff.com14 Apr 2026

The broader conflict in West Asia, the largest international market for Indian carriers, has forced a sharp reduction in daily flights relative to the summer schedule.

Bombay HC Upholds Denial Of Autorickshaw Permit To 26/11 Accused

Bombay HC Upholds Denial Of Autorickshaw Permit To 26/11 Accused

Rediff.com30 Apr 2026

The Bombay High Court has upheld the police's decision to deny a clearance certificate to Fahim Ansari, acquitted in the 26/11 terror attack case, preventing him from driving an autorickshaw for livelihood, citing public safety and national security concerns.

Tesla drives in YL, its 2nd model in India, plans to bring humanoid robot Optimus to India

Tesla drives in YL, its 2nd model in India, plans to bring humanoid robot Optimus to India

Rediff.com22 Apr 2026

Tesla has launched its second model in India, the three-row six-seater SUV Model YL, priced at Rs 61.99 lakh, while also announcing plans to expand its service and body shop network across major Indian cities. The company is also considering bringing its humanoid robot Optimus and vertically integrated energy solutions business to India at an appropriate time.

US raises concerns over India's data protection, internet shutdown policies

US raises concerns over India's data protection, internet shutdown policies

Rediff.com10 Apr 2026

The United States Trade Representative (USTR) has expressed concerns that India's Digital Personal Data Protection (DPDP) Act, particularly the lack of a deemed consent mechanism for credit information companies, and the Information Technology (IT) Rules of 2021, along with frequent internet shutdowns, could negatively impact the ability of US companies to operate and trade in India.

How Air India Is Using AI To Transform Operations

How Air India Is Using AI To Transform Operations

Rediff.com26 Apr 2026

Air India is significantly embracing artificial intelligence to enhance operational efficiency, improve customer services, increase revenues, and reduce costs as part of its ambitious transformation plan under the Tata Group.

LPG Ships Clear Hormuz, India Supply Stable

LPG Ships Clear Hormuz, India Supply Stable

Rediff.com30 Mar 2026

18 Indian-flagged vessels with 485 Indian seafarers still remain in the western Persian Gulf region

Big boost to Aatmanirbharta! India to develop 1000-kg aerial bomb

Big boost to Aatmanirbharta! India to develop 1000-kg aerial bomb

Rediff.com4 Apr 2026

The Indian defence ministry has initiated a project to indigenously design and develop a 1000-kg aerial bomb for the Indian Air Force (IAF), aiming to enhance self-reliance in the defence sector.

Sri Lanka Urged To Probe Easter Blast Masterminds

Sri Lanka Urged To Probe Easter Blast Masterminds

Rediff.com21 Apr 2026

Sri Lanka commemorated the 7th anniversary of the Easter blasts, with Archbishop of Colombo Malcolm Cardinal Ranjith urging authorities to investigate individuals directly or indirectly involved in the deadly attacks, irrespective of their status.

Uttarakhand: 20 lakh LPG cylinders needed for Char Dham Yatra

Uttarakhand: 20 lakh LPG cylinders needed for Char Dham Yatra

Rediff.com27 Mar 2026

Around 2 million commercial and domestic LPG cylinders will be required to meet demand from hotels, restaurants, and roadside eateries during the upcoming Char Dham Yatra 2026, according to Prajapati Nautiyal, Officer on Special Duty (OSD) for the Char Dham Yatra Administration Organisation.

'FY27 Presents Clear Runway For Earnings Improvement'

'FY27 Presents Clear Runway For Earnings Improvement'

Rediff.com16 Apr 2026

'In investing, poor sentiment is always a good vintage to build a portfolio.'

US missile-destroyer intercepts Iranian ship amid naval blockade

US missile-destroyer intercepts Iranian ship amid naval blockade

Rediff.com25 Apr 2026

The United States Central Command confirmed that the USS Rafael Peralta intercepted an Iranian-flagged ship, enforcing a maritime blockade against Iran. The US military is prepared to resume major combat operations if ordered by the President.

Think Your Car Insurance Covers Everything? These 6 Situations Might Shock You

Think Your Car Insurance Covers Everything? These 6 Situations Might Shock You

Rediff.com27 Apr 2026

Most owners assume car insurance covers everything, but hidden exclusions can lead to claim rejections and unexpected financial shocks.

Silver lining to India's ageing truck fleet

Silver lining to India's ageing truck fleet

Rediff.com14 Apr 2026

India's rapidly ageing truck fleet, with 42% of vehicles over 12 years old, is set to trigger a replacement-driven growth of 3-5% annually over the next five years.

RBI introduces new business correspondent norms to expand banking access

RBI introduces new business correspondent norms to expand banking access

Rediff.com7 Apr 2026

The Reserve Bank of India (RBI) has unveiled draft norms for branch authorisation and business correspondents (BCs), introducing a two-tiered classification for BCs and redefining 'banking outlets' to include BC-Banking Outlets (BC-BOs), aiming to expand formal banking presence, particularly in rural areas.

US seizes Iranian ship trying to breach naval blockade near Strait of Hormuz

US seizes Iranian ship trying to breach naval blockade near Strait of Hormuz

Rediff.com20 Apr 2026

The US Navy seized an Iranian-flagged cargo ship in the Gulf of Oman, escalating tensions as ceasefire talks face uncertainty. The incident raises concerns about the fragile ceasefire and the ongoing blockade of the Strait of Hormuz.

GST rationalisation, equity volatility to hit insurers' Q4FY26 profitability

GST rationalisation, equity volatility to hit insurers' Q4FY26 profitability

Rediff.com14 Apr 2026

Indian insurance companies are bracing for reduced profitability in Q4FY26, primarily due to the rationalisation of GST on retail life and health policies, leading to a loss of input tax credit, coupled with volatility in equity markets impacting investment income.

No cash, crypto payments to Iran for Hormuz passage: India

No cash, crypto payments to Iran for Hormuz passage: India

Rediff.com22 Apr 2026

India has denied making any payments to Iran to secure safe passage for its vessels through the Strait of Hormuz, following reports that Indian vessels were fired upon in the region.

8 High-Growth Careers If You Love Sports

8 High-Growth Careers If You Love Sports

Rediff.com21 Apr 2026

With growing opportunities in the coaching, sports science, training and wellness industries, a career in sports provides a dynamic and fulfilling career path.

LPG Crisis Threatens Closure of Mumbai Hotels: What's Behind the Shortage?

LPG Crisis Threatens Closure of Mumbai Hotels: What's Behind the Shortage?

Rediff.com10 Mar 2026

Mumbai hotels and restaurants are facing potential closures due to a critical shortage of commercial LPG cylinders, with similar disruptions reported across India. The crisis stems from revised government priorities for domestically produced natural gas, impacting the hospitality sector and potentially affecting tourism.

Fuel curbs brew concern over Darjeeling first flush

Fuel curbs brew concern over Darjeeling first flush

Rediff.com18 Mar 2026

Tea planters in Darjeeling have raised that a shortage of commercial LPG, triggered by the ongoing conflict in West Asia, could hit tea processing during the first flush, the delicate early-season harvest that commands the highest premiums and often sets the tone for the year.

Iran War Hits Kerala Tourism Hard

Iran War Hits Kerala Tourism Hard

Rediff.com15 Apr 2026

'We have lost 70-80 per cent of our business from foreign guests.'

Akasa Air may launch commercial services by July

Akasa Air may launch commercial services by July

Rediff.com23 May 2022

New airline Akasa Air on Monday said it is on track to receive its first Boeing 737 Max plane by mid-June and launch commercial operations by July. The airline on Monday released the photographs of its first Max plane from the Boeing production facility in the USA's Portland as it gets ready for delivery. "The airline recently reaffirmed its commitment of being on track to receive its first aircraft in India by mid-June and launch commercial operations in India by July 2022," its statement mentioned.

Techie Dies After Being Hit by Car During Indore Protest

Techie Dies After Being Hit by Car During Indore Protest

Rediff.com27 Mar 2026

A woman was killed and another critically injured after being hit by a car during a protest in Indore. The incident occurred during a dispute over the commercial use of a penthouse.

TMC manifesto bets on women voters, ramps up welfare push

TMC manifesto bets on women voters, ramps up welfare push

Rediff.com20 Mar 2026

The Trinamool Congress (TMC) has released its manifesto for the West Bengal elections, focusing on welfare politics and women's empowerment with pledges to expand existing schemes, improve healthcare, and develop infrastructure.

Delhi Police Bust Online Liquor Smuggling Ring Using Delivery App

Delhi Police Bust Online Liquor Smuggling Ring Using Delivery App

Rediff.com7 Apr 2026

Delhi police have dismantled an illegal liquor supply network operating through an online delivery application, arresting two individuals and seizing illicit liquor transported from Haryana.

Meet Amit Kshatriya, Indian-American behind historic moon mission

Meet Amit Kshatriya, Indian-American behind historic moon mission

Rediff.com11 Apr 2026

Indian-American scientist Amit Kshatriya's journey from watching rocket launches in Houston to becoming NASA's Associate Administrator is a testament to his dedication and expertise in space exploration.

Govt steps up fuel security measures; warns against panic buying

Govt steps up fuel security measures; warns against panic buying

Rediff.com29 Mar 2026

The Indian government has increased measures to secure fuel and gas supplies following the Strait of Hormuz closure, urging citizens to avoid panic buying. Refineries are operating at high capacity, and sufficient stocks of petrol and diesel are available nationwide.

Delhi Police Seize Hundreds of LPG Cylinders in Black Market Bust

Delhi Police Seize Hundreds of LPG Cylinders in Black Market Bust

Rediff.com16 Mar 2026

Delhi Police have registered multiple FIRs and seized hundreds of LPG cylinders in a crackdown on illegal storage, refilling, and black marketing operations amid concerns of potential supply shortages.

Even If US, Iran Signed Deal Today, Hormuz Strait Won't...

Even If US, Iran Signed Deal Today, Hormuz Strait Won't...

Rediff.com23 Apr 2026

...reopen for up to six months. Until then, the Strait stays nearly closed. The world pays. And no one, including the man who started this, can say when it ends, notes Prem Panicker in his must read blog on the Iran War.

PM Modi to Launch Semiconductor Plant, Development Projects in Gujarat

PM Modi to Launch Semiconductor Plant, Development Projects in Gujarat

Rediff.com30 Mar 2026

Prime Minister Narendra Modi is set to inaugurate a semiconductor plant in Sanand, Gujarat, and launch multiple development projects worth over Rs 20,000 crore, marking a significant boost to India's semiconductor industry and infrastructure.

India commissions nuclear submarine INS Aridaman, indigenous stealth frigate INS Taragiri

India commissions nuclear submarine INS Aridaman, indigenous stealth frigate INS Taragiri

Rediff.com3 Apr 2026

India has commissioned its new indigenously-built nuclear-powered ballistic missile submarine INS Aridaman into service, further strengthening the naval component of its nuclear triad. Defence Minister Rajnath Singh also highlighted the Indian Navy's role in securing maritime trade routes.

'As AI grows, legacy will compress': Noshir Kaka, McKinsey

'As AI grows, legacy will compress': Noshir Kaka, McKinsey

Rediff.com13 Mar 2026

'The reality is that every one of us will be pushed to learn and relearn faster than ever before. Some people will rise to that challenge. Some may not. But the opportunity itself is massive,' says Noshir Kaka, senior partner, McKinsey.

Banks' gold loan portfolio surged 128% in Feb

Banks' gold loan portfolio surged 128% in Feb

Rediff.com31 Mar 2026

Loans against gold jewellery in India surged by an impressive 128 per cent year-on-year to nearly 4.28 trillion in February 2026, according to the latest Reserve Bank of India (RBI) data, significantly outpacing overall retail loan growth.

Argentina Steps Up LPG Supply To India

Argentina Steps Up LPG Supply To India

Rediff.com23 Mar 2026

Argentina has significantly increased its LPG exports to India to help mitigate shortages caused by the ongoing conflict in West Asia. This partnership is becoming increasingly important for India's energy security.

India Responds to West Asia Crisis: Six Nationals Dead, One Missing

India Responds to West Asia Crisis: Six Nationals Dead, One Missing

Rediff.com20 Mar 2026

The Ministry of External Affairs (MEA) has confirmed the deaths of six Indian nationals and one missing person amidst the escalating conflict in West Asia, detailing ongoing efforts for repatriation and diplomatic engagement.

Now 25 Day Wait To Book Gas Cylinder

Now 25 Day Wait To Book Gas Cylinder

Rediff.com10 Mar 2026

The government has introduced a mandatory 25-day gap between LPG cylinder bookings due to supply concerns arising from global disruptions and tensions in the Strait of Hormuz. This measure aims to prevent hoarding and prioritise essential non-domestic sectors, while domestic LPG production is being increased to mitigate shortages.