IndiGo, India’s largest airline, is experiencing long queues and crowded counters at airports due to a network-wide technical glitch. The issue, described by the airline as a “temporary system slowdown,” has impacted both check-in processes and the airline’s website and booking system. In an advisory, IndiGo acknowledged the problem and assured passengers it is working…
Anjali Merchant Majithia, sister of the newlywed Radhika Merchant, recently shared insights about her upbringing in a business-oriented family during a panel discussion organized by Entrepreneur India. Majithia, a director at Encore Healthcare, a family-owned pharmaceutical company, described how being part of the business community and contributing to family and country were values instilled in…
Amitabh Kant, former CEO of NITI Aayog and G20 Sherpa, has recommended that India outsource court management for insolvency cases to private players in order to reduce delays and improve creditor recovery rates. Speaking at the Insolvency and Bankruptcy Board of India’s (IBBI) annual meeting, Kant emphasized the need for “second generation” reforms to strengthen…
Bollywood icon Shah Rukh Khan recently appeared in a promotional video for his son Aryan Khan’s luxury brand, D’yavol. Sharing the video on his social media platforms, SRK surprised fans who were anticipating an announcement for his upcoming film, King, directed by Sujoy Ghosh. Instead, the actor unveiled a 17-second clip promoting a new product…
India has initiated an investigation into the alleged dumping of six products imported from China, including certain chemicals, cold-rolled electrical steel, and black toner powder cartridges, following complaints from domestic industries. The Directorate General of Trade Remedies (DGTR), the commerce ministry’s investigation arm, is probing products such as 1,1,1,2-Tetrafluoroethane (R-134a), Acrylonitrile Butadiene Rubber, specific antioxidants,…
Small Modular Reactors (SMRs) are becoming pivotal in the global energy transition, with India’s ambitions to enter the SMR manufacturing value chain showing early promise. Several private players have expressed interest in deploying SMRs at their captive sites, although due to the sensitive nature of the discussions, specific names have not yet been disclosed. SMRs,…
The Indian government is currently discussing the establishment of a foreign investment regulatory mechanism to monitor and review foreign direct investment (FDI) post-investment, according to insider sources. Although the concept is still in the discussion phase, the proposed oversight would ensure that FDI entering the country benefits the economy and originates from legitimate sources. Many…
The government has amended its policy on non-basmati white rice exports, changing the status from prohibited to free, as per a notification issued by the Directorate General of Foreign Trade (DGFT). Effective immediately, a minimum export price (MEP) of USD 490 per tonne has been imposed. This decision comes after the ban on non-basmati white…
Diamond exports from India fell by 28% in FY2024, driven by worsening global economic conditions and rising competition from lab-grown diamonds (LGD). The country’s exports of cut and polished diamonds (CPD) are expected to drop to a decade-low of $12.5-13.0 billion in FY2025, reflecting an 18-19% year-on-year decline. This contraction is due to a 13-14%…
Debt-laden telecom operator Vodafone Idea (Vi) has finalized a $3.6 billion agreement with Nokia, Ericsson, and Samsung for the supply of network equipment over the next three years. This move is part of Vi’s broader $6.6 billion capital expenditure plan aimed at expanding its 4G coverage from 1.03 billion to 1.2 billion people, launching 5G…
