Author: News Desk
Navi Mumbai International Airport has quickly emerged as a major aviation hub, becoming the 9th busiest airport in India within just four months of operations. The airport, which began commercial operations on December 25, 2025, recorded around 393,000 departing seats in April, according to aviation data, placing it among the country’s top 10 busiest airports. Built with an investment of nearly ₹19,650 crore, the airport is designed to handle 20 million passengers annually in its first phase, with long-term plans to expand capacity to 90 million passengers per year by 2032. The rapid rise is largely driven by strong travel demand in the Mumbai Metropolitan Region…
Jio Platforms, the digital arm of Reliance Industries, is preparing for what could become India’s largest-ever IPO, targeting a fundraise of ₹40,000–50,000 crore. According to reports, the company is likely to file its draft red herring prospectus (DRHP) within the next few weeks, with plans to go public in the first half of 2026, subject to regulatory approvals. The IPO is expected to be largely an offer for sale (OFS), meaning existing investors may dilute a small portion of their stake rather than the company issuing new shares. Jio has been valued at around $180 billion, making it one of the most valuable digital companies globally.…
Uber has launched a new feature that allows customers to return purchased items directly from their doorstep, eliminating the need to visit stores physically. The service is integrated into the Uber Eats platform, where users can select an order, choose “return an item,” and request a courier to pick it up. The feature is currently limited to eligible retail items purchased via Uber Eats, and customers must follow the return policies of individual retailers. Participating brands include major stores like Target, Best Buy, and Petco, with more expected to join. Uber will charge a courier fee based on distance and time, and the…
Indian Oil Corporation Limited (IOC) has won the bid for the Kochi–Kanyakumari–Thoothukudi natural gas pipeline project, marking a significant expansion of India’s southern gas infrastructure. The project involves a 425-km pipeline that will transport regasified LNG from the Kochi terminal in Kerala to key demand centres in Tamil Nadu, including Thoothukudi. The pipeline, with a capacity of around 6–6.8 MMSCMD, is expected to strengthen gas availability for industries, power plants, and city gas distribution networks across the region. The project is part of the Petroleum and Natural Gas Regulatory Board’s broader plan to expand India’s national gas grid and increase the share of natural…
India is facing a tightening LPG supply situation as both imports and domestic production decline sharply. According to recent data, monthly LPG imports have dropped to nearly half of February levels, continuing a downward trend seen in March. At the same time, domestic LPG output has fallen by around 10% from its March peak, further worsening supply conditions. The decline is largely linked to disruptions in global energy supply chains, particularly due to tensions in West Asia and challenges in key shipping routes like the Strait of Hormuz, which is critical for India’s fuel imports. India relies heavily on imports to meet…
Defence Minister Rajnath Singh is set to visit Germany from April 21, with a major focus on advancing a multi-billion-dollar submarine deal between the two countries. The proposed agreement, estimated at over $8 billion, is part of India’s Project-75I programme to build six advanced submarines equipped with air-independent propulsion systems, significantly boosting naval capabilities. During the visit, Singh is expected to hold talks with German Defence Minister Boris Pistorius and engage with top government and industry leaders to strengthen defence ties. Key discussions will include technology transfer, joint manufacturing under Make in India, and expanding industrial collaboration, particularly with German defence major…
Maruti Suzuki is reportedly discontinuing the Maruti Suzuki Ignis in India, marking the end of its run after years of declining demand. Dealer sources indicate that production of the Ignis has already stopped, and bookings have been halted in several locations, although the company has not yet made an official announcement. Launched in 2017 and sold through the premium Nexa network, the Ignis stood out for its quirky design and compact urban appeal. However, changing consumer preferences and the growing popularity of SUVs impacted its sales performance. In a strategic shift, Maruti Suzuki is now working on a new micro…
A remarkable example of employee recognition has emerged from Kottayam, where Oxygen Digital Shopping honoured its Vice President Praveen Prakash with a BMW car for completing 25 years of service. Praveen Prakash began his career at Oxygen as a 19-year-old technician and steadily rose through the ranks to become Vice President, reflecting a long journey of dedication and growth within the organisation. The gesture was announced by CEO Shijo K. Thomas, who said the company strongly believes that employees are its backbone and that long-term commitment and hard work must be recognised in meaningful ways. He added that Praveen’s journey…
India is accelerating plans to transform Vizhinjam International Seaport into a major global maritime hub, leveraging disruptions in global shipping caused by the West Asian conflict. The move is part of the Centre’s Maritime Amritkal Vision 2047, aimed at strengthening India’s port infrastructure and reducing dependence on foreign transshipment hubs. The goal is to upgrade Vizhinjam’s existing transshipment terminal into a full-fledged global hub. Strategically located along one of the world’s busiest shipping lanes, nearly 40% of global cargo traffic passes close to Vizhinjam, giving it a natural advantage. The government aims to position the port as a stable alternative to major…
India’s restaurant industry is facing a massive crisis, with losses estimated at ₹79,000 crore per month due to a severe shortage of commercial LPG. The disruption has been triggered by the ongoing conflict in West Asia, particularly involving Iran, which has impacted LPG supply routes and availability. Restaurants, which depend heavily on uninterrupted gas supply for daily operations, are now struggling to function normally. According to industry estimates, the sector has seen a 15–20% slowdown in activity, with many establishments forced to cut menus, reduce operating hours, or temporarily shut down. The impact is widespread, affecting everything from small eateries and street food…