Vail Resorts Reduces the Price of Its Epic Pass for Gen Z Skiers
GLOBAL NEWS | Wed, 4 Mar 2026, 3:38AM IST
Seeming to acknowledge critics complaints about the high cost of snow sports, the company is cutting the price of its 2026-2027 Epic Passes for younger skiers and snowboarders.
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Oil and Natural Gas Prices Keep Climbing as Iran Attacks Escalate
GLOBAL NEWS | Wed, 4 Mar 2026, 3:06AM IST
Energy prices continued to rise on Tuesday as attacks by the United States and Israel on Iran intensified, along with the countrys response.
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Target to Spend Billions to Refresh Stores, and Hire More Workers
GLOBAL NEWS | Wed, 4 Mar 2026, 3:04AM IST
The new C.E.O. said the company would focus on home dcor, apparel and pop culture trends in an effort to reverse years of sales declines.
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India steps up maritime security for vessels and seafarers in West Asia
INDIA BUSINESS | Wed, 4 Mar 2026, 1:34AM IST
India is actively monitoring the maritime security situation in West Asia. The government has enhanced measures to protect Indian vessels and seafarers. This comes as tensions remain high in the Persian Gulf region. Over 23,000 Indian seafarers are currently in the Gulf. Thirty-seven Indian-flagged vessels are also in the area.
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Target to Spend Billions to Refresh Stores, Hire Staff and Raise Pay
GLOBAL NEWS | Wed, 4 Mar 2026, 1:28AM IST
The new C.E.O. said the company would focus on home dcor, apparel and pop culture trends in an effort to reverse years of sales declines.
Continue reading at The New York Times
3h
INDIA BUSINESS | Wed, 4 Mar 2026, 1:26AM IST
New rules define catastrophic failures in highway projects. These failures will impact contractor ratings and future contract awards. Incidents like bridge collapses or pavement failures requiring full replacement are now classified as catastrophic. Implementation agencies must report such events promptly. The National Highways Authority of India has awarded a major ring road project in Odisha to three concessionaires for development.
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Highway project failures to affect contracts
INDIA NEWS | Wed, 4 Mar 2026, 1:26AM IST
New Delhi: The road transport ministry has tightened rules for construction companies by defining catastrophic failures in national highway projects which result in fatalities and cause lasting damage to roads.The ministry has issued rating criteria for such concessionaires to assess their performances besides modifying the qualification criteria for engineering, procurement and construction (EPC) projects. It follows several complaints of poor quality highways including tolled roads across the country.As per the rating criteria, catastrophic failures would impact contractor ratings with a 30 mark deduction, affecting future contract awards. Catastrophic failures, unless caused by force majeure, would include bridge, flyover, underpass collapses, and pavement failures affecting serviceability, according to a circular by the ministry. Any collapse inside tunnels or tunnel portals with human entrapment for more than 72 hours, collapse of launching girder, staging, tunnels, or tunnel portals during construction or operation, and pavement failures requiring full-depth replacement within five years have also been categorised as catastrophic failures, making the concessionaire liable.The ministry also specified thresholds for embankment or pavement failures during the defect liability period for considering it as a catastrophic failure.The ministry has directed implementation agencies to report such failures within a month, failing which disciplinary action may be taken. The above incidents would attract notification as 'catastrophic events' unless they are due to force majeure conditions, the ministry said. ODISHA HIGHWAY PROJECTThe National Highways Authority of India (NHAI) has awarded the construction of a six-lane access-controlled greenfield capital region ring road (Bhubaneswar Bypass) project in Odisha to three concessionaires.The project involves the development of a 111 km long ring road from Rameshwar to Tangi in three packages under the hybrid annuity mode (HAM). The project is expected to be completed in about 30 months from the date of commencement, the ministry of road transport and highways said in a statement on Tuesday.
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ET Graphics: Green energy growth enters fast lane
INDIA BUSINESS | Wed, 4 Mar 2026, 1:20AM IST
India's renewable energy surge, driven by solar power, is accelerating towards its 500 GW goal by 2030. With approximately 35 GW of solar capacity added this fiscal year, the nation is witnessing rapid expansion, robust grid planning, and manufacturing advancements. This growth is crucial for meeting rising energy demand and decarbonisation targets.
Continue reading at Economic Times
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Trump Administration, in Reversal, Tries to Continue Fight Against Law Firms
GLOBAL NEWS | Wed, 4 Mar 2026, 1:13AM IST
The administration told a court on Monday that it was abandoning its defense of executive orders targeting the firms. But on Tuesday, the Justice Department abruptly changed its position.
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3h
Banks seek clarity on study loans for GIFT City campus
INDIA BUSINESS | Wed, 4 Mar 2026, 1:10AM IST
Banks are asking the government for clear rules on education loans for students at foreign universities in GIFT City. These courses are completed in India, but loans are treated as 'studies abroad'. Lenders want to update the education loan scheme. This includes removing visa requirements for loan approval. The issue was discussed internally and flagged to the government.
Continue reading at Economic Times
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Railways may absorb Rs 90,000 cr bullet train cost overrun
INDIA BUSINESS | Wed, 4 Mar 2026, 1:06AM IST
Indian Railways will use government funds to cover the increased cost of the Mumbai-Ahmedabad bullet train project. The project's cost has risen significantly due to land acquisition delays. No new loans from Japan International Cooperation Agency or other institutions are planned. The government has allocated funds for the project's implementation.
Continue reading at Economic Times
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As safe-haven gold surges again, loan demand to also shoot up
INDIA BUSINESS | Wed, 4 Mar 2026, 1:04AM IST
Gold loan companies expect a significant increase in demand. Record gold prices, fueled by geopolitical tensions, are driving this trend. MSMEs and individuals are likely to seek quick, collateral-backed loans. This will help manage inventory, operational expenses, and cash flow. Rising gold prices enhance borrowing capacity. Gold loans are a growing retail loan category.
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Fino Payments Bank says it's focused on SFB transition
INDIA BUSINESS | Wed, 4 Mar 2026, 12:49AM IST
Fino Payments Bank's interim head Ketan Merchant stated the arrest of CEO Rishi Gupta will not affect the bank's transition to a small finance bank. He confirmed no abnormal impact on deposits. The issue involves program managers linked to the real money gaming business. The bank continues proactive engagement with the RBI. Customer balances and business volumes remain stable.
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How Anonymous Bettors Cashed In on the Iran Strike, Just Hours Before It Happened
GLOBAL NEWS | Wed, 4 Mar 2026, 12:44AM IST
Polymarket users placed hundreds of bets of at least $1,000 predicting an imminent American strike, raising concerns about insider trading.
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3h
Big Lenders Risky Loans Are Rattling Wall Street
GLOBAL NEWS | Wed, 4 Mar 2026, 12:41AM IST
Lending troubles at Blue Owl Capital and other so-called private credit behemoths are setting off fears of a bank run, as one hedge fund put it.
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India ramps up West Asia flights amid Iran war airspace disruptions
INDIA BUSINESS | Wed, 4 Mar 2026, 12:35AM IST
Carriers deployed widebody aircraft so as to carry more passengers and operated special repatriation flights. They also warned passengers not to head to airports without confirmation on their flights.
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3h
Actis' Athena Renewable Energy draws SEIT, IndiGrid, Anzen InvIT bids
INDIA BUSINESS | Wed, 4 Mar 2026, 12:30AM IST
The interested bidders include SEIT, the energy InvIT sponsored by Mahindra Susten; IndiGrid, backed by KKR; and Anzen InvIT, sponsored by Sekura Energy, which is owned by Edelweiss.
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Sony Pictures reorganising units to boost regional market growth
INDIA BUSINESS | Wed, 4 Mar 2026, 12:28AM IST
Sony Pictures Networks India is embarking on a transformative journey by integrating all regional TV and content ventures into a cohesive unit. This initiative is designed to amplify success in linguistically targeted markets. With the green light from unsecured creditors, the merger of Bangla Entertainment and Culver Max is set to strengthen the companys framework and enhance operational synergy.
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Dixon, Longcheer finalise JV pact to boost local electronics manufacturing
INDIA BUSINESS | Wed, 4 Mar 2026, 12:25AM IST
Dixon Technologies has finalized its joint-venture with Longcheer Intelligence. The new entity, Dixtel Infocomm, will manufacture smartphones, tablets, AI PCs, and smartwatches. Dixon will hold a 74% stake, investing 7.39 crore. Longcheer will hold the remaining 26%. This collaboration aims to secure production volumes for Dixon. The joint venture was approved by the government and is now operational.
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Maruti Suzuki to rev up its capacity next fiscal to meet surge in demand
INDIA BUSINESS | Wed, 4 Mar 2026, 12:21AM IST
Maruti Suzuki is gearing up for a major leap in production, eyeing an additional 500,000 units per year to combat a swelling order backlog fueled by robust domestic sales. The activation of new plants in Haryana and Gujarat marks a pivotal shift towards meeting the escalating demand for vehicles across various categories.
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4h
DoT seeks legal clarity on dues of insolvent telcos
INDIA BUSINESS | Wed, 4 Mar 2026, 12:15AM IST
The Department of Telecommunications is seeking legal guidance on adjusted gross revenue dues for companies like RCom and Aircel. This follows a Supreme Court order preventing the transfer or sale of spectrum by these firms undergoing insolvency. Clarity is needed on how AGR dues will be handled and how spectrum will be recovered.
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Ahead of its time, a GLP-1 drug almost made it out of India
INDIA BUSINESS | Wed, 4 Mar 2026, 12:10AM IST
Fifteen years back, Zydus Lifesciences introduced ZYOG1, an oral GLP-1 agonist that sparked excitement for its implications in diabetes management and weight loss. Unfortunately, due to prohibitive clinical trial costs and a skeptical outlook on the obesity market, Zydus chose to shelve further development.
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Global tech companies deepen roots within own Indian bases
INDIA BUSINESS | Wed, 4 Mar 2026, 12:04AM IST
Global giants like Google, Apple, and Airbus are deepening their roots in India. They are expanding within their current campuses, not leasing new spaces. This shows a strong, long-term belief in India's capabilities. India is becoming a major hub for global operations and engineering. This trend is set to continue, with more jobs and growth expected.
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