IndiGo Q3 Profit Drops 78% Amid Operational Disruption
IndiGo's Q3FY26 net profit fell 78% to ₹550 crore due to flight cancellations and forex losses. Revenue rose 6% to ₹23,500 crore, but cost pressures persist with regulatory challenges ahead.
Category : Corporate News
Union Budget 2026: Retail Sector Hopes for Progressive Reforms
As Union Budget 2026 approaches, the retail sector anticipates progressive reforms to boost growth. The real estate industry seeks policies addressing developer challenges and homebuyer needs.
Palladian Partners Forecasts Budget 2026 Focus on Affordability, Tax
Palladian Partners Advisory Ltd anticipates India's Budget 2026 will prioritize affordability measures, tax system alignment, and enhanced project funding to drive economic growth and stability.
Netflix Rejects Paramount Bid in Warner Bros Discovery Fight
Netflix has reportedly dismissed Paramount's acquisition bid as failing the 'sniff test' amid intensifying competition with Warner Bros Discovery. The streaming giant highlighted its strong balance sheet compared to Paramount's debt-heavy offer.
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Akriti Chopra: The Woman Behind Zomato's New CEO Albinder Dhindsa
As Albinder Dhindsa prepares to become Group CEO of Eternal Ltd, Zomato's parent company, discover the story of his wife Akriti Chopra - the former Zomato CFO whose financial acumen helped build the food-tech giant from its startup days.
IndiGo Shares Fall 4% After Q3 Profit Drops Sharply
IndiGo's shares declined nearly 4% on the BSE after the airline reported a significant drop in Q3 profit to Rs 549 crore, reflecting market concerns over its financial performance amid operational challenges.
APL Apollo Q3 Results Impress, Stock Valuation High
APL Apollo Tubes reports strong Q3FY26 with record volumes and upgraded guidance, but the stock's 30% gain in a year and high P/E multiple suggest positives may be priced in.
Food Delivery Rethinks Speed Focus After 10-Minute Promise Removal
Food delivery platforms like Swiggy and Eternal are moving away from aggressive 10-minute delivery promises amid safety concerns, shifting focus to execution and consistency to attract customers.
Coforge Q3 Profit Rises 16% to ₹297 Crore
IT services firm Coforge announced a 16% year-on-year increase in consolidated net profit to ₹296.7 crore for Q3 FY26. Revenue grew 28.5% to ₹4,188.1 crore.
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Suzlon Among World's Top 10 Most Sustainable Firms
Indian wind energy giant Suzlon Energy has been recognized as one of the world's top 10 most sustainable companies in a prestigious global ranking, highlighting its leadership in green energy and environmental stewardship.
Q3 Results: 50+ Indian Companies to Announce Earnings Today
More than 50 Indian companies, including major players like Adani Green Energy, IndusInd Bank, and Cipla, are set to release their Q3 FY26 results today, 23 January 2026, as per NSE and BSE calendars.
Kolkata All-Women Power Brunch Celebrates Naina More's Book
Kolkata recently witnessed a unique all-women power brunch event organized to celebrate the success of Naina More's book 'Tea Cups and Turning Points'. The gathering highlighted women's empowerment and networking in the city's business and literary circle
Amazon's Second Major Layoff: 14,000 More Jobs Cut
Amazon announces another round of 14,000 corporate layoffs starting next week, bringing total planned cuts to 30,000. CEO Andy Jassy cites organizational culture, not AI, as the primary driver for the restructuring.
Trump Says He Helped Save TikTok in US, Praises Deal
Former US President Donald Trump has stated he played a key role in saving TikTok from a potential ban, expressing happiness over the deal that kept the app operational in America.
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Maharashtra's Rs 30L Cr Davos Deals: 83% FDI, 30L Jobs
Maharashtra government signs MoUs worth Rs 30 lakh crore at WEF Davos, with 83% being FDI proposals. Deals with OpenAI, Volkswagen, Tata, and others could generate 30 lakh jobs across various regions.
MP CM Returns from Davos, Touts State's Industrial Growth
Madhya Pradesh Chief Minister Mohan Yadav concluded his first visit to the World Economic Forum in Davos, emphasizing the state's rapid industrial development, renewable energy leadership, and new international partnerships.
Amazon Second Layoff Wave Next Week: 30,000 Jobs
Amazon is preparing another round of corporate job cuts starting next week as part of its plan to eliminate 30,000 positions, focusing on AI-driven efficiency and reducing bureaucracy.
Amazon Layoffs: 30,000 Corporate Jobs at Risk in New Cuts
Amazon is set to cut thousands of corporate jobs next week, aiming to reduce its workforce by 30,000. The layoffs may impact AWS, HR, Prime Video, and retail divisions, amid AI-driven efficiency shifts.
Jamie Dimon's Pay Rises to $43M for 2025 at JPMorgan
JPMorgan Chase increases CEO Jamie Dimon's compensation by 10.3% to $43 million for 2025 based on strong performance. His pay includes $1.5M base salary and $41.5M incentives. The announcement coincides with a $5B lawsuit from Donald Trump.
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SEC Seeks to Email Summons to Adani After India Rejects Requests
The US SEC has asked a federal court for permission to email summons to Gautam Adani and Sagar Adani after India's Ministry of Law and Justice twice rejected requests under the Hague Convention.
Udaipur IT Industry Protests Double Taxation by Municipal Body
The Udaipur Municipal Corporation's demand for urban development tax from IT units in RIICO industrial areas sparks double taxation concerns, threatening operations and jobs in the emerging tech hub.
Gujarat DyCM Harsh Sanghavi Meets Global Leaders at Davos
Gujarat deputy chief minister Harsh Sanghavi led a delegation at the World Economic Forum in Davos, meeting global business leaders to discuss investments, real estate, and energy infrastructure.
Tata's $11B Innovation City, Maharashtra's Rs 30L Cr Davos Deals
Maharashtra CM Devendra Fadnavis announces Tata Group's $11 billion investment in India's first Innovation City near Navi Mumbai airport at WEF Davos. State signs MoUs worth Rs 30 lakh crore with global firms across AI, data centers, renewable energy sect
ED Arrests Richa Industries Promoter for Bank Fraud
Enforcement Directorate arrests Sandeep Gupta for cheating banks of hundreds of crores and laundering assets during insolvency. Similar patterns emerge in other corporate fraud cases.
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Saks Bankruptcy: Supplier Crisis, Amazon Conflict, Retail Impact
Saks Global's Chapter 11 filing leaves suppliers unpaid, creates rift with Amazon, and threatens store closures. Luxury retail faces major disruption as brands halt shipments and discounts emerge.
India's New Labour Codes Transform Salary & Benefit Calculations
India's four labour codes, effective November 2025, introduce a standardized wage definition that impacts statutory benefits like gratuity and PF. The reform mandates that at least 50% of salary must fall under 'wages,' while preserving tax-efficient allo
SEC Wants to Email Summons to Gautam Adani in US Fraud Case
US SEC requests court permission to email summons directly to Gautam Adani and nephew Sagar Adani over alleged $265 million bribery scheme after India rejects two formal requests.
Telangana Gets ₹29,000 Cr Investment at Davos, L'Oréal AI Hub
Telangana delegation led by CM Revanth Reddy secured ₹29,000 crore investment commitments at WEF Davos, including L'Oréal's AI beauty hub, UPC Volt data centre, and Rashmi Group steel plant.
Air India's Record Rs 15,000 Crore Loss After Turbulent Year
Air India is set to report a record annual loss of at least Rs 15,000 crore this fiscal year after last year's crash and airspace shutdowns derailed its turnaround progress, sources reveal.
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IndiGo Profit Drops 78% in Dec Quarter
IndiGo's net profit fell sharply to Rs 549 crore in Q3 FY25 due to flight disruptions, labour code provisions, and rupee devaluation, despite a 6.7% rise in total income.
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