Business

New Delhi: IndiGo Airlines continues to face operational challenges, with frequent flight delays and cancellations drawing the attention of the Ministry of Civil Aviation and the Directorate General of Civil Aviation (DGCA). Since late November 2025, the airline has experienced significant disruptions, prompting government intervention. Government Directives and Passenger SupportThe Civil Aviation Minister convened a high-level meeting with senior ministry officials and IndiGo’s top management, directing immediate measures to assist passengers and stabilize operations. The Ministry emphasized close monitoring of the situation and demanded detailed information from the airline. While corrective actions are underway, passengers may continue to face disruptions for approximately two months...

New Delhi: Investors looking to participate in India’s largest Initial Public Offering (IPO) have reason to be excited. Reliance Industries, the country’s most valuable company, has officially started preparations to list its subsidiary, Jio Platforms, on the stock market. According to sources cited by Bloomberg, the move could mark India’s biggest-ever IPO. Preparations UnderwayReliance is reportedly engaging in informal discussions with banks to draft the IPO prospectus—a comprehensive document detailing the company’s financials, operations, and strategy. The prospectus is expected to be submitted to the Securities and Exchange Board of India (SEBI) soon. While these plans are in the early stages and subject to change, the announcement could come in the first half of 2026, as indicate...

New Delhi: Career aspirations vary widely across the globe, reflecting cultural preferences, economic opportunities, and social status. While some countries see pilots or scientists as the ultimate professional goal, in India, the dream job for most youth is becoming a bank manager. Global Trends in Dream CareersIn countries like the USA, Canada, Australia, and South Africa, young people consider real estate careers their dream. In China and Indonesia, becoming a scientist tops the list, while in Japan, many aspire to be fortune tellers. In the UK, aspiring train drivers are popular, while France and South Korea see youth drawn to careers in law enforcement. Germany’s young professionals aim to become professors, while in Italy, being a notary is a coveted role. Pilots are highly sought...

New Delhi: The Andhra Pradesh government has allocated 480 acres of land to the Adani Group for a state-of-the-art AI data center in partnership with Google. The project will be established across Vishakhapatnam and Anakapalli districts, with Google’s Indian unit Radenn Infotech India designating Adani Infra (India) Private Limited, Adani Conex India, and Adani Power India as its notified partners. Massive Investment and IncentivesRadenn Infotech India is planning to invest over ₹87,500 crore in setting up the data center in Andhra Pradesh. The company is expected to receive ₹22,000 crore in government incentives over the stipulated period. The initiative aims to establish a one-gigawatt AI data center, capable of consuming power equivalent to roughly 50% of Mumbai’s annual electricity ...

New Delhi: Farmers in Andhra Pradesh are facing severe distress as banana prices crash to a mere 50 paise per kilogram. This comes in stark contrast to Delhi, where the same fruit is being sold at ₹86 per kilogram on e-commerce platforms like Amazon Fresh. Farmers Struggle Amidst Price CrashRecent reports have highlighted that farmers across India are increasingly grappling with falling crop prices. Just as onion farmers in Madhya Pradesh were seen discarding their produce due to prices dropping to ₹1 per kilogram, banana farmers in Andhra Pradesh are unable to cover even their production costs. Despite months of hard work and significant investment, these farmers are left with minimal returns. Jagan Mohan Reddy Voices ConcernFormer Andhra Pradesh Chief Minister Jagan Mohan Reddy too...

New Delhi: After a year of strong gains, gold and silver prices saw a sharp decline today. While gold had surged nearly 60% this year, silver had doubled in value. However, market trends reversed on Wednesday, with gold dropping by around ₹800 per 10 grams and silver tumbling over ₹3,000 per kilogram. Gold Market UpdateGold for February 5 delivery on MCX had closed at ₹1,30,462 per 10 grams in the previous session. Today, it opened at ₹1,30,799 but soon experienced a decline. During early trading, it fell over ₹800 to touch ₹1,29,599. By 12:26 PM, gold was trading at ₹1,29,867, down ₹595 or 0.46%. Silver Market UpdateSilver for March 5 delivery had closed at ₹1,82,352 per kilogram in the last session and opened today at ₹1,82,621. During trading, it dropped over ₹3,000 to reach ₹1,79...

New Delhi: Russian President Vladimir Putin arrives in India today for a two-day visit and will be staying at the iconic ITC Maurya Hotel in Delhi. Known as a preferred choice for global leaders visiting India, the hotel has hosted several US presidents, including Joe Biden, George W. Bush, Barack Obama, Bill Clinton, and Donald Trump. The Chankya Suite – A Landmark of LuxuryPresident Putin will reside in the hotel’s Grand Presidential Suite, the Chankya Suite, located on the 14th floor. This 4,600 sq. ft. suite opened in 2007 and has been the choice of many world leaders and dignitaries over the years, including the Dalai Lama, former UK Prime Minister Tony Blair, and the King of Saudi Arabia, King Abdullah. The suite features: A master bedroom with walk-in wardrobe and private ...

New Delhi: Russian President Vladimir Putin’s upcoming visit to India has caused a spike in Delhi’s five-star hotel rates, turning the city’s luxury accommodations into a hot commodity. Currently, booking a standard room in Lutyens’ Delhi starts at a minimum of ₹85,000 per night, with premium rooms exceeding ₹1 lakh. High Demand Due to Multiple EventsThe surge is attributed not only to President Putin’s arrival with a large delegation but also to a busy calendar of events in Delhi. November marks the start of the North India tourist season, and international travelers are arriving in large numbers. Additionally, major events—including a taxation meet at Bharat Mandapam, a paper expo at Yashobhoomi, and a UNESCO conference—are coinciding with the peak wedding season. According to reports...

Authored By: Shishir Chaurasia | Navbharat Times • 4 Dec 2025, 10:55 AM New Delhi: Many individuals assume that having a retirement corpus of ₹2 crore will be sufficient to live a relaxed, worry-free life after retirement. However, with rising inflation, this assumption could be misleading. CA Abhishek Valia, founder of Zactor, explains why careful planning is essential for a comfortable post-retirement lifestyle. The Reality of Rising ExpensesValia shared the example of a friend who confidently believed that ₹2 crore would secure his life after 60. Starting with a modest monthly expenditure of ₹50,000—a typical middle-class lifestyle without luxury—Valia demonstrated how inflation could dramatically increase costs over time. How ₹50,000 Today Can Become ₹2.87 Lakh in 30 YearsAssu...

New Delhi: The Union Government recently introduced a bill in the Lok Sabha to levy excise duty on tobacco products, which was passed unanimously on Wednesday. Responding to discussions in the House, Finance Minister Nirmala Sitharaman clarified that this is not a new tax or a fresh levy but a structured excise duty, aimed at replacing the earlier compensation cess system. “This is not a new law, nor is the central government imposing any additional tax,” Sitharaman said. She emphasized that the excise revenue from tobacco products will be shared with the states, ensuring that no state receives less than the amount recommended by the Finance Commission. Key Highlights of the Excise Bill The Central Excise (Amendment) Act allows the government to levy excise duty on cigarettes ran...