- IndiGo seeks 57% higher borrowing limit to fund fleet expansion July 28, 2026About 75% of the incremental borrowing capacity is expected to be used to finance aircraft through long-term finance leases, with the balance earmarked for capital expenditure and working capital.
- US-Iran war weighs on L&T, trims Q1 margins, West Asia order inflow July 28, 2026L&T missed expectations with Q1 profit of ₹4,123 crore attributable to owners.
- Coca-Cola's India value market share slips in June quarter July 28, 2026Coca-Cola had introduced low-priced variants of its products as the Indian market faced stiff competition from Reliance's Campa Cola
- Ambuja Cements' profit slides as lower dispatches offset cost-cutting gains July 28, 2026A temporary plant shutdowns and a pullback in lower-margin sales weighed on June-quarter earnings, while higher fuel and freight costs added pressure despite sequential margin improvement.
- Amazon layoffs: Why is it gutting Nova AI models for one system? July 28, 2026Amazon has reportedly cut jobs, shut a research lab and is retiring most Nova AI models as it bets its resources on building one new frontier system.
- PM Modi chairs second high-level meeting with Secretaries, reviews agenda for Viksit Bharat July 28, 2026Prime Minister Narendra Modi chaired a high-level meeting reviewing future action agendas. Discussions focused on finance, commerce, and technology sectors for Viksit Bharat goals. The Prime Minister urged stronger coordination among government departments and ministries. Officers were encouraged to work with a shared purpose for integrated outcomes. This me […]
- ITC fraud worth Rs 74,782 crore detected in FY26; Maharashtra, Gujarat lead July 28, 2026Central GST officers detected over 30,000 input tax credit fraud cases in 2025-26. These cases involved approximately Rs 74,782 crore and led to 358 arrests. Maharashtra and Gujarat reported the highest number of fraud cases and associated financial values. Fake GST registrations using forged documents also contributed to substantial ITC fraud. The number of […]
- Govt companies request RBI to extend concessional forex swap by three months July 28, 2026Public sector firms want the RBI's forex swap facility extended by three months. This facility helps government companies hedge dollar costs for external borrowing. Banks have already mobilized over twenty billion dollars through this special swap scheme. The inflow of dollars is expected to ease pressure on the Indian rupee. This concessional hedging c […]
- Govt considering proposal to ease FDI norms for downstream investments: Sources July 28, 2026The government is considering easing foreign direct investment norms for downstream investments. This move aims to boost overseas fund inflows and create new jobs. Most sectors are already open to 100 percent foreign investment under the automatic route. India has attracted significant FDI inflows between 2014-15 and 2025-26. Continuous policy reviews ensure […]
- Trade gap seen as by-product of India's development stage, investment needs, energy dependence: Govt to Parliament July 28, 2026India's imports grew significantly, reflecting domestic demand and manufacturing expansion, the govt said. The trade deficit highlights development needs and energy dependence for economic growth, it added.
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