EW DELHI: The Directorate General of Civil Aviation (DGCA) has slapped IndiGo with the steepest fine ever for an Indian carrier – Rs 22.2 crore – for its massive flight disruptions last month.Additionally, the airline has to submit a bank guarantee of Rs 50 crore whose release is tied to implementing, among other things, the…
European Union leaders on Saturday warned US President Donald Trump against using tariffs as leverage in his bid to acquire Greenland, cautioning that such measures could severely damage transatlantic relations.This comes as Trump said that from February 1, Denmark, Norway, Sweden, France, Germany, the United Kingdom, the Netherlands and Finland would face a 10 per…
Vande Bharat sleeper train NEW DELHI: Just ahead of the commencement of commercial operations of the Vande Bharat sleeper trains, the railways has modified the cancellation charges norm for this premium service.According to a notification, there will be a 25% deduction in the refund if a confirmed ticket is cancelled more than 72 hours before…
The European Union and the Mercosur on Saturday formally signed a long-awaited free trade agreement, closing more than 25 years of negotiations and creating one of the world’s largest integrated trading zones.The agreement was signed in Asunción, marking a significant geopolitical win for the EU at a time of intensifying global trade frictions, rising tariffs…
India’s merchandise exports are likely to face intensifying pressure in the coming months as uncertainty over the proposed US-India trade deal persists and concerns grow over possible additional US levies linked to India’s crude oil purchases from Russia, ratings firm CRISIL said.In its latest assessment, CRISIL warned that near-term stress could emerge in select agri-export…
US President Donald Trump’s aggressive and unpredictable tariff strategy is beginning to redraw global trade alignments, with long-standing US partners actively seeking alternatives — and China emerging as a key beneficiary.Canada delivered the clearest signal yet of this shift on Friday, cutting its 100% import tax on Chinese electric vehicles in exchange for sharply lower…
MUMBAI: HDFC Bank reported an 11.46% year-on-year increase in net profit to Rs 18,653.75 crore in Q3 FY26 from Rs 16,735.50 crore a year earlier, on the back of treasury profits with loan growth and stable asset quality supporting earnings, even as operating costs rose sharply.On a sequential basis, profit was largely flat, inching up…
US President Donald Trump purchased around $100 million in municipal and corporate bonds between mid-November and late December, his latest financial disclosures showed. The investments included up to $2 million in Netflix and Warner Bros Discovery bonds bought shortly after the companies announced their merger.The disclosures, posted Thursday and Friday, showed that most of Trump’s…
MUMBAI: Sebi chairman Tuhin Kanta Pandey on Friday said the regulator is working towards introducing a series of reforms in the capital markets, including some that would make it easier for foreign investors to invest in India. The Sebi chief also said that the regulator was working on a plan to introduce a closing auction…
India’s market regulator Sebi has approved a major change in how closing stock prices are discovered, moving away from the existing volume-weighted average price method to an auction-based system aimed at improving transparency, fairness and execution quality at the market close.The new framework, called the Closing Auction Session (CAS), will be rolled out in phases…
