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- Gulf crisis: IndiGo grounds flights to six overseas destinations amid cost pressures June 4, 2026IndiGo is temporarily halting flights to six international destinations, including Hong Kong and Shanghai, until September 30. This strategic move aims to optimize its network amidst softer travel demand and escalating operating costs. The airline plans to resume services on October 1, contingent on improved market conditions, while maintaining a significant […]
- India IPO gold rush becomes foreign firms’ cash-out machine June 4, 2026Foreign firms are increasingly cashing out of India's booming IPO market, pocketing billions instead of raising capital for expansion. Recent listings, including major players like Hyundai and LG, saw over $5 billion flow overseas. This trend, driven by high valuations, raises concerns about capital outflows and the rupee's stability, with policyma […]
- US stocks today: Wall Street opens mixed as AI stocks fall and oil prices ease June 4, 2026Indian markets opened mixed on Thursday. US stocks saw a mixed start as AI shares pulled back, but falling oil prices boosted investor mood. The S&P 500 edged up, while the Nasdaq dipped. The Dow Jones Industrial Average showed strong gains. Easing oil prices, driven by hopes of a Strait of Hormuz reopening, provided support.
- One vehicle, two fuels: India bets big on flex-fuel revolution - what is it? June 4, 2026Maruti Suzuki's MD highlights flex-fuel vehicles as key to India's goals of cutting oil imports and emissions. These vehicles run on petrol and ethanol blends, supporting farmers and the rural economy. A robust ecosystem, including fuel availability and wider model launches, is crucial for mass adoption, with government backing for biofuel transiti […]
- LPG supply stable, but oil firms still losing nearly Rs 700 on every cylinder sold June 4, 2026Oil Marketing Companies are still facing significant under-recoveries of nearly Rs 700 per domestic LPG cylinder. Despite government efforts to boost domestic production and secure imports, this financial strain persists. Meanwhile, LPG demand has moderated due to reduced commercial use and improved delivery systems, ensuring stable supplies.
- Panel grills Centre on OMCs’ failure to absorb oil shock June 4, 2026Finance committee flags fuel price impact, inflation concerns amid U.S.-Iran tensions, seeks detailed government response
- U.K. fire crews battle blaze at Tata Steel's plant in Wales June 4, 2026The company said emergency services remain on site and are working with local teams to completely “extinguish the fire”
- India to drop capital gains tax for foreign investors in government bonds, source says June 4, 2026India’s benchmark bond yield eased one basis point to 7.01% in opening trade, although it was not immediately clear when the plan would take effect.
- Aurobindo Pharma’s generic of rheumatoid arthritis drug secures U.S. FDA nod June 4, 2026
- New age fraud: “Trust is being weaponised in the digital era” June 4, 2026