business
16 May 2026
Air India $2.8B Loss: Tata Turnaround Hits Geopolitical Wall
Air India's $2.8B FY26 loss — worst since Tata's takeover — comes as Iran war, Pakistan ban, and fuel spikes force 27% flight cuts. What happens next.
Air India's $2.8B FY26 loss — worst since Tata's takeover — comes as Iran war, Pakistan ban, and fuel spikes force 27% flight cuts. What happens next.
Congress chose VD Satheesan as Kerala Chief Minister over KC Venugopal, despite 47 of 63 MLAs backing the frontrunner. Why Delhi ties became the liability.
SEC settled its fraud case against Gautam Adani for $6 million. The DOJ is dropping criminal charges over $265M in alleged bribes. The math is wild.
Over 100 dead as thundersqualls tear through Uttar Pradesh. India loses ~2,825 to lightning yearly. The compensation playbook hasn't changed in a decade.
BRICS foreign ministers meet in New Delhi as India hosts Araghchi and Lavrov. The subtext is the Iran war — and an expiring US oil sanctions waiver.
India raised gold import duty from 6% to 15% on May 13. Gold surged ₹9,206 per 10 grams the same day. The rupee still hit a record low of 95.80.
NEET UG 2026 cancelled after a paper leak — 120 WhatsApp guess-paper questions matched the real exam. 22.8 lakh students face a CBI-probed re-exam by NTA.
Himanta Biswa Sarma took oath as Assam CM for a second term in Guwahati with a 4-minister cabinet. BJP won 82 seats. US envoy Sergio Gor attended.
OpenAI's DeployCo launched at $4B, targeting India's IT services giants. Nifty IT crashed 3.6% to a three-year low — TCS, Infosys, HCLTech fell 3-5%.
DC chased 211 to beat PBKS by 3 wickets at Dharamsala — Punjab's fourth straight loss in IPL 2026. Axar Patel 56, David Miller 51, an over to spare.