Save
Home
GLOBAL NEWS
REUTERS
THE NEW YORK TIMES
YAHOO
INDIA BUSINESS
BUSINESS STANDARD
BUSINESS TODAY
ECONOMIC TIMES
MONEYCONTROL
THE HINDU
INDIA COMMODITIES
ECONOMIC TIMES
MONEYCONTROL
INDIA CURRENCY
ECONOMIC TIMES
MONEYCONTROL
INDIA MARKET
BUSINESS INSIDER
BUSINESS STANDARD
BUSINESS TODAY
ECONOMIC TIMES
MONEYCONTROL
NDTV
NSE
THE FINANCIAL EXPRESS
THE HINDU
INDIA MUTUAL FUNDS
BUSINESS STANDARD
ECONOMIC TIMES
INDIA MUTUAL FUNDS BLOGS
FUNDSINDIA
INDIA NEWS
BUSINESS STANDARD
ECONOMIC TIMES
FIRSTPOST
MONEYCONTROL
REUTERS
THE FINANCIAL EXPRESS
THE HINDU
YAHOO
 Save
{{newCountMsg}}
Settings

INDIA BUSINESS | Sun, 7 Jun 2026, 10:23AM IST OpenAI plans a major ChatGPT overhaul to transform it into a superapp ahead of its share listing, reports the Financial Times

Continue reading at The Hindu

8m

INDIA MARKET | Sun, 7 Jun 2026, 10:18AM IST The latest hike takes the price of a 14.2 kg domestic LPG cylinder in Delhi to 942 as global fuel costs surge amid the West Asia crisis

Continue reading at Business Standard

12m

INDIA MARKET | Sun, 7 Jun 2026, 9:39AM IST Indian stock markets may remain under pressure this week amid persistent FII selling, weak global cues, rising geopolitical tensions in West Asia and elevated crude oil prices. While RBIs policy measures and steps to attract foreign capital could support sentiment, investors will closely track monsoon progress, inflation concerns, global market trends and institutional flows for further market direction.

Continue reading at Economic Times

52m

INDIA MARKET | Sun, 7 Jun 2026, 9:35AM IST South Korean stocks are seeing a shift from optimism to caution as investors trim positions and add protection. While chip giants Samsung Electronics and SK Hynix powered a significant rally, concerns about the market running too hot are leading to a more selective approach and a search for opportunities lower down the AI supply chain.

Continue reading at Economic Times

56m

INDIA MARKET | Sun, 7 Jun 2026, 9:30AM IST Indian stock markets, Sensex and Nifty, closed lower following the RBI's hawkish stance, despite falling oil prices. Analyst Sudeep Shah anticipates a consolidation phase for Nifty, with key support at 23,100-23,050 and resistance at 23,550-23,600. Bank Nifty shows resilience, while IT stocks underperform.

Continue reading at Economic Times

1h

INDIA NEWS | Sun, 7 Jun 2026, 9:27AM IST Ministry of Petroleum and Natural Gas said the prices of petroleum products in India are linked to the corresponding prices in the international market

Continue reading at Business Standard

1h

INDIA NEWS | Sun, 7 Jun 2026, 9:24AM IST Can the search for a hotel room lead to a business idea? It did, for Alok Mishra.In 2014, during a trip with his wife, Mishra needed a hotel room for six hours as he did not want to drive late at night. But he was asked to pay for a full day and subjected to a series of intrusive questions despite being marriedand was finally refused a room. That got me thinking that there might be travellers like me who need rooms only for a few hours but have to pay for an entire day. Later, while working in the US, I came across pay-for-use concepts and felt that India needed a more flexible, customer-friendly model, he says.That experience led to the launch of Bag2Bag in 2019, an online platform for booking hotels, service apartments, homestays and other accommodations, with a focus on hourly stays.The business started gaining momentum around 2021. Bag2Bags hourly-stay revenue has risen from roughly Rs 50 lakh in 2021 to Rs 5-6 crore today. The company has served more than 1 lakh customers, lists over 10,000 properties across India and offers hourly stays at 6,000-7,000 of them. The service is available in more than 50 cities, though Bengaluru and Mumbai remain its strongest markets.Also read | The safe keepers: Inside India's booming locker economyPeople now understand that this is a practical solution rather than a niche service. One of our biggest achievements has been to help normalise the category. Earlier, hourly stays were often associated with couples seeking privacy, he says. We deliberately broadened the use case by allowing family bookings, including travellers with children. We wanted people to see hourly stays for what they really are a convenient accommodation option.HOUR OF NEED That convenience is growing as online hotel booking platforms that allow short stays are on the rise. Alongside Bag2Bag, there is Noida-based Brevistay, Bengaluruheadquartered MiStay, Mumbais Hourly Rooms and Qwiksta, all specialising in micro stays. Larger travel platforms like MakeMyTrip, Agoda and Goibibo have also introduced hourly booking options.Like Bag2Bag, Brevistay was born out of a travel inconvenience. In 2016, cofounders Prateek Singh, Aditya Naithani, Shubham Agarwal, Avnish Kumar and Nikhil Pathak arrived in Manali at 5 am only to find that hotels would not allow early check-ins without charging for an extra night. The friends went on to cofound the travel tech startup Brevistay, which raised Rs 3 crore in 2023 and today reports revenue of about Rs 18 crore. It has 15 lakh registered users, 4 lakh monthly active users and around 11,000 listed hotels, including brands such as Ginger, Ramada and Blue Motel.LONG JOURNEY Getting there, however, was not easy.Pathak, cofounder and chief technology officer of Brevistay, says, The challenge in this segment is not customers but hotels. In 2016, many hoteliers would simply bang the phone on us. Some agreed in principle but didnt want their properties listed publicly and preferred bookings to come through offline calls. It took us nearly two years before we started seeing meaningful traction and recurring bookings, says Pathak.The same resistance greeted MiStay when it launched in 2016. Starting with a pilot in Delhi, MiStay has since expanded to more than 100 cities. Shwetha Sameernath, general manager, business and growth, MiStay, says, When we launched, scepticism was high. Most hotels were uncomfortable with the model, concerned about guest quality and operational challenges. Over time, that changed as hotels began seeing it as a revenue opportunity.MiStay tackled resistance through education and curation. The company worked to show hoteliers that short stays served a broad and legitimate market of business travellers, transit passengers and day-use guests. It also selectively onboarded premium hotel brands, helping build credibility for the category. When hotels see actual customer segments across varied, legitimate use cases, it builds their confidence that the model wont compromise their brand, says Sameernath, adding that the concept is now largely normalised.Also read | Major change in buyer behaviour as e-scooters race deeper into BharatPathak says the customer has evolved as well. Brevistay continues to market actively to couples, but he argues that the category should no longer be viewed through that lens. Theres nothing illegal happening. In fact, theres no law that prevents consenting adults from booking a hotel room. The issue was perception, not legality. What eventually changed minds was revenue, he says. Once hotels realised they could sell the same room multiple times in a day and generate seven or eight bookings instead of one, the business case became impossible to ignore.The use cases have expanded too. Back in 2017, couples accounted for nearly 90% of Brevistays bookings. Today, that figure is down to 50-60%. Business travellers, transit passengers, tourists looking to freshen up between journeys, students travelling for exams and people attending interviews or meetings have all emerged as important customer segments.Hotels, meanwhile, have had to adapt operationally. Mishra says the biggest challenge is that traditional hotel system was never designed for flexible check-ins and check-outs. Bag2Bag addressed this by developing its own software platform for partner hotels. Once they realised they could monetise idle inventory and generate additional revenue from rooms that would otherwise remain empty, adoption became much easier, he says.REVENUE CHECKS IN For Sameernath, the turning point was the entry of premium hotel brands. Today, acceptance has grown across the ecosystem. Channel managers and property management systems are evolving to support slot-based bookings, and customers increasingly treat hourly booking as the natural way to reserve a room for less than a day, she says.Also read | Indian tourists go viral for all wrong reasons. Here's how not to become the next horror storyMishra has observed another interesting shift. Reliability and brand trust are becoming increasingly important. Whether its a three-star or a five-star property, even if a branded hotel costs 20-25% more, customers prefer it because they know what theyre getting, he says. The economics are compelling for hotels too. Sameernath points out that average hotel occupancy in India is under 65%, while daytime occupancy can fall to as low as 30% as guests check out in the morning and new arrivals come in much later. Platforms like MiStay help hotels monetise those idle hours by attracting guests who would never have booked a full-day room. For hotels near airports or railway stations, the upside is even greater. A room priced at Rs 8,000 for a full night could earn Rs 3,500-4,000 for a daytime slot and another Rs 6,000 for the nightgenerating `10,000-plus from the same room in a single day, she says.CHANGING PERCEPTION MiStay today works with brands like IHG, Pride, Ramada, The Park, Radisson and Novotel IHG, while Brevistay is in discussions with Hyatt. Sameernath says that on the demand side, once customers experience flexible booking, they dont go back. Their repeat rate reflects this, as 48% of MiStays monthly business comes from repeat guests The pay-per-use model in hospitality is the same transformation that happened in transport. You no longer book a cab for a full day; you pay for the distance. Hotels are heading the same way, she says.Pathak believes the next wave of growth will be driven by younger travellers. Theyre vocal about spending time with their partners and dont carry the hesitation earlier generations did. In metros, the industry has largely moved beyond the old perceptions, and hourly stays are increasingly viewed as a convenience product rather than something unusual.The customer, it seems, has reached the destination. The hospitality industry needs to arrive.ChallengesPersistent social stigmaTrust and safety concernsBranded hotels worried about perceptionComplexities in managing multiple check-ins and check-outsLack of awareness among travellersOpportunitiesRise in domestic travel and frequent short tripsGrowth of bleisure (business + leisure) travelYounger consumers demanding flexibilityTech platforms making discovery and booking seamlessHotels looking to monetise vacant rooms

Continue reading at Economic Times

1h

INDIA BUSINESS | Sun, 7 Jun 2026, 9:24AM IST Hourly Hotel: It works on a pay-for-use model where guests pay only for the duration they need a room typically 3-9 hours. The business started gaining momentum around 2021.

Continue reading at Economic Times

1h

INDIA MARKET | Sun, 7 Jun 2026, 9:20AM IST Picture used for representational purpose only.

Continue reading at NDTV

1h

INDIA MARKET | Sun, 7 Jun 2026, 9:03AM IST The agency alleged that the public servants received undue advantages for facilitating the transactions.

Continue reading at NDTV

1h

INDIA BUSINESS | Sun, 7 Jun 2026, 8:49AM IST CBI conducted searches at six locations in Chandigarh, Panchkula, and Delhi-NCR in connection with an alleged Rs 661 crore fraud. The probe involves siphoning of government funds from Haryana and Chandigarh administrations, with allegations of collusion between public servants and bank officials. Incriminating documents and digital devices were seized during the operations.

Continue reading at Economic Times

1h

INDIA NEWS | Sun, 7 Jun 2026, 8:49AM IST The CBI has conducted searches at six locations in Chandigarh, Panchkula and Delhi-NCR in connection with an alleged Rs 661 crore fraud involving the siphoning of government funds from departments of the Haryana government and the Chandigarh administration, officials said on Sunday. The searches were carried out on Friday at premises linked to senior Haryana cadre public servants and Noida-based Vipam Consultancy Pvt Ltd and its director as part of an ongoing probe into the alleged misappropriation of funds parked with IDFC First Bank and AU Finance Bank, an official statement said.Also read: IDFC First Bank fraud was isolated case involving collusion: KPMG According to the agency, the fraud affected eight departments of the Haryana government and two departments of the Union Territory of Chandigarh - Municipal Corporation Chandigarh and Chandigarh Renewable Energy and Science and Technology Promotion Society (CREST)."During investigation evidences have surfaced suggesting that the public servants had colluded with bank officials and had facilitated in opening of accounts, transfer of funds and subsequent diversion thereof," the statement said. The agency alleged that the public servants received undue advantages for facilitating the transactions and failing to act against the irregularities. The investigating agency also alleged that Vipam Consultancy Pvt Ltd received proceeds of crime in its bank account, which were later transferred to the personal account of its director. "Incriminating documents, digital devices, property documents and other relevant material were seized during the search operations," the agency said. The probe stems from one case taken over from the Haryana State Vigilance and Anti-Corruption Bureau and two cases originally registered by the Economic Offences Wing police station in Chandigarh.Also read: CBI files first chargesheet in Haryana Rs 504 crore fund diversion caseThe cases relate to alleged criminal conspiracy, misappropriation of government funds and related offences committed in connivance with bank officials and public servants, the agency said.The CBI said it has already filed its first chargesheet before a special court in Panchkula detailing the alleged role of public servants from the Haryana Power Generation Corporation Ltd and Haryana School Shiksha Pariyojna Parishad.The chargesheet also outlined the alleged modus operandi used to siphon off government funds parked with the IDFC First Bank and AU Finance Bank, it said. The investigation is continuing and additional chargesheets will be filed against other accused found involved in the case, it added.

Continue reading at Economic Times

1h

INDIA MARKET | Sun, 7 Jun 2026, 8:41AM IST The IMD has issued a red alert for six Kerala districts amid intense rainfall triggered by a cyclonic circulation. As flooding and disruptions continue, the southwest monsoon has advanced into Maharashtra and is expected to reach Delhi later this month.

Continue reading at NDTV

1h

INDIA BUSINESS | Sun, 7 Jun 2026, 8:41AM IST Indias locker economy is booming amid rising gold prices and household wealth. While banks remain the preferred repository, private vault operators are entering the scene and the rich in gated societies are creating their own treasure chests at home.

Continue reading at Economic Times

1h

INDIA MARKET | Sun, 7 Jun 2026, 8:40AM IST The 2026 FIFA World Cup cannot be entirely blamed for the sharp fall in the US markets on Friday. But it played a meaningful role in setting the chain of events in motion.

Continue reading at NDTV

1h

INDIA NEWS | Sun, 7 Jun 2026, 8:32AM IST Mumbai: Beneath a busy flyover in India's financial capital Mumbai, a row of pastel-coloured shipping containers houses an unlikely school serving some of the city's most marginalised children.Despite laws guaranteeing free schooling for children aged six to 14, poverty and migration continue to keep many out of classrooms, particularly in sprawling cities like Mumbai where many families survive through low-paying informal work.Crippling urban poverty also means young children selling knick-knacks on streets are still a fairly common sight at crowded traffic intersections in big Indian cities.But the non-profit that runs the free school is determined to educate its underprivileged cohort, many of whom come from homeless families that barely eke out a living.Wedged between gleaming skyscrapers and busy roads, the "Signal Shala", or traffic signal school, caters to several dozen children who have been left out of the formal education system, according to Bhatu Sawant, founder of the initiative."These children can't go to (a regular) school. So (I thought) let's do this. Let's bring the school to them," Sawant, 45, told AFP.Also read | Major change in buyer behaviour as e-scooters race deeper into BharatIndia runs one of the world's largest public school systems, but government data for 2024-25 still identified nearly 1.2 million children as "out of school", a catch-all categorisation that covers both those who have never been to school or dropped out.Free mealsFor Sawant, India's government-run schools are simply "not flexible enough for these children", while private ones charging exorbitant fees are out of the question.The signal school operates from repurposed air-conditioned containers placed on a narrow strip of land beneath a flyover, where classes and play unfold amid the constant rumble of traffic overhead.Its approach is tailored to the realities of street life.Every morning, the school bus drives through the cramped lanes of Mumbai's slums, picking up students -- a lifeline for parents who can't afford transportation.When the children file in, the first order of business is a shower, as many have no easy access to bathing facilities.Lockers are provided for books and uniforms that otherwise cannot be kept safe or clean while living in slums or on the streets.Three meals are provided free, with school hours longer than normal.Also read | Indian tourists go viral for all wrong reasons. Here's how not to become the next horror storyClasses are split by ability rather than age, with teachers adapting lessons for children who may never have held a pencil before.Older students are also taught basic skills like sitting still, speaking clearly and staying focused.The challenges are particularly acute when it comes to kids from the semi-nomadic Pardhi community, who often do not speak the local language."When the children came here, they didn't know what the days of the week were, what the 12 months were or what the seasons were," said teacher Tejasvi Borade, as the container walls rumbled from the steady stream of cars passing above.Robotics and AIFor the students, the school serves as a sanctuary from the harshness of the real world."I feel very happy seeing the school bus," said 12-year-old Pooja Pawar, whose parents take on odd jobs at construction sites."The school clothes feel nice. The breakfast is good... In school, we make cake... and dance."For others, it represents an opportunity long denied.Balaji Laxman, who once sold tissues at traffic lights to earn a few hundred rupees -- the equivalent of several US dollars -- a day, said the classrooms represent a chance to imagine a different future."I want to become a doctor," Laxman, 12, said with a shy smile.While the school steers many children towards vocational pathways, Sawant said the broader ambition is to ensure they are not left behind in a rapidly changing world."We have to prepare them for the 21st century," said Sawant, who has set up two similar schools on the outskirts of Mumbai which have robotics labs among other facilities."They should know robotics, AI, computers, 3D printing," said the educator who relies on private and corporate donations for funding, with the government helping with the infrastructure."Everything that elite class children are doing well in, they should know all of that."

Continue reading at Economic Times

1h

INDIA MARKET | Sun, 7 Jun 2026, 8:27AM IST Fuel prices including petrol, diesel, and CNG have also risen recently

Continue reading at NDTV

2h

INDIA MARKET | Sun, 7 Jun 2026, 8:08AM IST Hedge fund Golden Horse Fund Management has trimmed exposure and added derivative protection, while M&G Investments has cut memory and foundry holdings to broaden out down the AI supply chain

Continue reading at Business Standard

2h

INDIA MARKET | Sun, 7 Jun 2026, 8:05AM IST May's tally of job cuts due to AI accounts for 40% of all layoffs announced in the month. This number was 7% in January.

Continue reading at NDTV

2h

INDIA MARKET | Sun, 7 Jun 2026, 8:02AM IST Pakistan's Interior Minister Mohsin Naqvi arrived in Tehran for talks with Iranian officials

Continue reading at NDTV

2h

INDIA MARKET | Sun, 7 Jun 2026, 7:46AM IST National Award-winning Malayalam actor Salim Kumar passed away at 56

Continue reading at NDTV

2h

INDIA BUSINESS | Sun, 7 Jun 2026, 7:35AM IST OPEC+ ministers are meeting to discuss increasing oil production quotas to combat surging prices, which have doubled since the Strait of Hormuz was effectively blocked by conflict. However, analysts believe geopolitical realities and dwindling supply mean any output increases will have limited impact on global prices.

Continue reading at Economic Times

2h

INDIA NEWS | Sun, 7 Jun 2026, 7:35AM IST OPEC+ ministers meet Sunday to weigh higher production quotas in a bid to cap oil prices that have surged since the Iran war effectively choked off Gulf crude shipments.But even if the cartel members vow to ramp up output by thousands of barrels per day, analysts say geopolitical realities mean they probably won't move the needle on prices.Also read: OPEC+ leaders expected to up July oil output target despite Hormuz disruption, sources sayWith the crucial Strait of Hormuz shut since US and Israeli attacks on Iran in late February, oil prices have nearly doubled, igniting inflation pressures worldwide.Ministers from the 21 member states of OPEC+, the main oil producing nations and their allies, are holding their quarterly meeting online.The group is likely to beef up its production quotas by "188,000 barrels a day", said Jorge Leon, analyst at Rystad Energy, similar to recent increases. But in reality, only seven members -- Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman -- have the capacity to do so.Dwindling supply Tehran's threats of retaliatory attacks to US and Israeli strikes have virtually blocked the vital Strait of Hormuz, through which roughly a fifth of global oil and gas supplies normally pass.That is equivalent to about 20 million barrels a day. But with key Gulf producers shut out of the global market, pledges to raise output in a bid to ease spiralling prices are unlikely to sway traders. "Any announced production increases or changes to output targets will have limited practical value," said Ole Hansen, a commodities analyst at Saxo Bank."There is very little OPEC can do," he told AFP.OPEC+ itself says daily production has plummeted to just 33 million barrels a day as tankers remain stuck, compared to nearly 43 million before the conflict.A US blockade on Iranian ports means "it will be even less than that" in reality, said Homayoun Falakshahi, head of crude oil analysis at data firm Kpler.Also read: Oil prices fall on mounting hopes for de-escalation in US-Iran WarUAE slams the door The United Arab Emirates' recent decision to quit OPEC further saps away at the cartel's influence, given its huge excess production capacity.And Abu Dhabi has made clear it wants to boost output."They don't want to be dictated to, they want to maximise their revenues," said Lawrence Haar, a lecturer in finance at the University of Brighton in England. And the cartel risks seeing other countries follow the UAE's example."If Iraq were to leave, it could mark the end of OPEC+," Falakshahi said.Saudi Arabia, by far the cartel's most influential member, "is going to do what it takes to stop anyone else from leaving," Falakshahi predicted.That could translate into more flexible output quotas or decreased penalties for any excess production.But "for now, the compensation framework has effectively become irrelevant due to widespread production shut-ins," Hansen said.As a result, the Iran war has largely neutralised the cartel's stated mission "to secure an efficient, economic and regular supply of petroleum to consumers, and a steady income to producers". For Falakshahi, the only factor limiting further oil price spikes at the moment is China, "which is buying less oil than normal" by tapping into its vast strategic reserves.

Continue reading at Economic Times

2h

INDIA MARKET | Sun, 7 Jun 2026, 7:30AM IST From Waymo to Baidu, the autonomous vehicle industry is accelerating globally. India risks being left behind without policy support.

Continue reading at NDTV

3h

INDIA MARKET | Sun, 7 Jun 2026, 7:24AM IST Domestic LPG price increased by Rs 29 per cylinder from June 7

Continue reading at NDTV

3h

INDIA MARKET | Sun, 7 Jun 2026, 7:00AM IST Some of football's most decorated coaches will shoulder immense expectations at the 2026 FIFA World Cup.

Continue reading at NDTV

3h

INDIA BUSINESS | Sun, 7 Jun 2026, 6:51AM IST Eli Lilly presented trial results for its new obesity drug retatrutide. The drug significantly reduced sleep apnea severity and knee osteoarthritis pain in adults with obesity. Patients also experienced substantial weight loss. These findings were shared at an American Diabetes Association conference. Retatrutide targets multiple hormones related to obesity and diabetes.

Continue reading at Economic Times

3h

INDIA NEWS | Sun, 7 Jun 2026, 6:33AM IST Soaring jet fuel prices driven by conflict in the Middle East are likely to push more airlines into bankruptcy and spur more sector consolidation this year and next, the head of the global airline body said on Saturday. Global airlines are grappling with higher fuel costs driven by the U.S. and Israel's war with Iran, which has choked jet fuel supplies and disrupted key air corridors, forcing costly detours.Also read: Airbus delays XLR deliveries to IndiGo as war hits suppliers Budget carriers have been among the hardest hit, lacking higher margin revenue streams such as premium cabins, high-paying travelers and credit card loyalty programs. The strain is already showing: U.S. budget airline Spirit Airlines collapsed last month, and it will not be the last, said Willie Walsh, director general of the International Air Transport Association, the industry's main trade body. "Unfortunately I think there will be some carriers that will find this high fuel price very difficult to cope with," Walsh told Reuters at IATA's annual summit in Rio de Janeiro, adding he expects some airlines to go out of business and others to be acquired by larger carriers. Even so, the pressure does not spell the end of the low-cost airline model, which continues to thrive outside the United States, where the big three carriers, United Airlines, Delta Air Lines and American Airlines, are squeezing out budget competitors, Walsh said. "I don't see that the low-cost model is broken, in fact, quite the opposite," he said, highlighting Ryanair's strong performance in Europe as an example. There is one blockbuster deal Walsh does not see happening: United Airlines CEO Scott Kirby's audacious proposal to buy arch rival American Airlines and create a U.S. aviation behemoth. The idea, which surfaced earlier this year, failed to get done despite Kirby raising it with President Donald Trump. "I don't think that's going to happen. I think the regulatory hurdles would be very significant. I don't know whether that was a genuine effort to pursue consolidation or Scott just trying to stir up some media," Walsh said. MIDDLE EAST AIRLINE WOES The Iran conflict has upended traffic flows through Middle Eastern hubs such as Dubai, Doha and Abu Dhabi, creating acute challenges for Gulf carriers including Emirates, Qatar Airways and Etihad. Walsh said he didn't think the conflict would do permanent damage to the Gulf as an aviation hub given its strategic geographic importance and the value of the popular Gulf carriers, which account for 14% of global capacity. "That capacity cannot be replaced by airlines from other regions around the world," Walsh said. "Once things settle down, I would expect the Gulf carriers to regain their important position in the market." Adding to the strain is the slow pace of aircraft deliveries from Boeing and Airbus, along with engine delays from GE Aerospace and Pratt & Whitney, a unit of RTX, limiting airlines' ability to expand fleets and improve efficiency.Also read: Airline chiefs grapple with fuel shock, fare test at Rio summit Walsh said the industry is increasingly frustrated by the delays, particularly as engine makers post strong profits while airlines struggle. He estimates supply chain disruption cost airlines about $11 billion last year. "We're disappointed that they're not moving faster. We're disappointed that they're not sharing the pain that the airline industry is sharing," he said. Aircraft and engine makers have said that much of the delays are out of their control, stemming from post-pandemic supply chain disruptions and political trade disputes. As airlines come under financial strain and climate policies lose momentum in the U.S. under Donald Trump, industry leaders have grown more cautious about meeting a 2050 net zero emissions target. Walsh said IATA is not ready to abandon the goal. "I certainly believe it's more challenging to achieve net zero in 2050 because we've not made the progress that we had expected to see on the development of sustainable fuels," he said.

Continue reading at Economic Times

3h

INDIA BUSINESS | Sun, 7 Jun 2026, 6:33AM IST Soaring jet fuel prices due to Middle East conflict are pushing budget airlines towards bankruptcy and industry consolidation, according to the head of the global airline body. Slow aircraft and engine deliveries are exacerbating these financial strains. Despite challenges, the low-cost model remains viable outside the U.S., and the industry is committed to its net-zero by 2050 target.

Continue reading at Economic Times

3h

INDIA BUSINESS | Sun, 7 Jun 2026, 6:09AM IST The Bengaluru-based developer is evaluating data centre opportunities while expanding its Mumbai presence through redevelopment-led residential and mixed-use projects.

Continue reading at Business Standard

4h

GLOBAL NEWS | Sun, 7 Jun 2026, 5:49AM IST The hot new productivity hack for C.E.O.s and Harvard professors? A.I. twins that answer questions and attend meetings.

Continue reading at The New York Times

4h

INDIA BUSINESS | Sun, 7 Jun 2026, 5:30AM IST Electric scooter sales are expanding beyond big cities into smaller towns and rural India. This shift signals a mass-market phase for electric mobility. Established two-wheeler manufacturers are gaining ground. Consumer demand is rising due to fuel prices and growing EV acceptance. Reach, service and trust are now key to success in this evolving market.

Continue reading at Economic Times

5h

INDIA BUSINESS | Sun, 7 Jun 2026, 4:48AM IST The increase follows a 60-per-cylinder hike on March 7 after the conflict in West Asia disrupted global energy supplies and drove up international fuel prices.

Continue reading at The Hindu

5h
more