Morning Brief Podcast: Future Ready or Ruthless: Explaining TCS' Mass Layoffs
Anirban Chowdhury | 22:11 Min | July 29, 2025, 6:53 AM IST
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Time of India
11 hours ago
- Time of India
'India Moving Towards Energy Self-Sufficiency': Hardeep Puri Amid Trump Threat Over Russian Oil
/ Aug 09, 2025, 12:06PM IST Union Petroleum Minister Hardeep Singh Puri has laid out the stark reality of India's energy battle, the nation is pushing toward self-sufficiency, but the road is long. With 80% of crude oil and 50% of natural gas still imported, and Donald Trump's tariff hikes adding fresh global pressure, India is expanding its domestic production through new refineries, exploration, and 113 operational compressed biogas plants. From diversifying imports across 40 countries, including Russia, to expanding CNG-ready vehicles and LPG access for over 33 crore households, India's strategy is a mix of innovation, resilience, and global diplomacy. This is how India plans to power its future while navigating an energy storm.#hardeepsinghpuri #petroleummminister #indiacleanenergy #biofuels #cbgplants #cngcarsindia #lpgconnections #ujjwalayojana #lpgimports #oilimportsindia #naturalgasproduction #energysecurity #atmanirbharbharat #indiaoildemand #fuelproduction #energysummit #renewableenergy #pioneerbiofuels360 #indiaenergynews #indianrefineries #breakingnews #trending #trendingnow #toi #bharat #toibharat #indianews
Time of India
a day ago
- Time of India
India seeks equal access to slots at European airports
ET Bureau Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel India is pushing aviation watchdog International Civil Aviation Organization (ICAO) to frame regulations for providing equitable access to slots at key airports in Europe. These airports have framed slot allocation practices that are discriminatory and disadvantage airlines from developing countries, according to a working paper presented by India to slot is a permission granted to an airline by an airport operator for an aircraft takeoff and landing within a set working paper, which will be debated at ICAO's triennial assembly at Montreal in September, the current system of grandfather rights, which allows an incumbent airline to keep a slot in perpetuity, while enforcing additional measures like night curfew, restricts market access and denying equal opportunity for airlines from developing countries like India to expand into large European markets."The assembly's action on these matters is essential for preserving the integrity of the international civil aviation system and ensuring that all states can realise the benefits of their participation in international air services," read the working paper, reviewed by ET. At congested airports like London Heathrow, Amsterdam, and Paris, slots are allocated one each for the summer and winter schedule, per guidelines set by International Air Transport Association, which would allow airlines to hold a slot if they use it 80% of time each season."This often means that carriers from large source markets like India are unable to deploy new capacity at commercially viable timings, while countries operating such hubs continue to seek increased access to the Indian market without offering reciprocal benefits," the working paper states. The Indian government decision to raise the issue at an international level comes as homegrown carriers like IndiGo and Air India chart aggressive overseas expansion flights to Amsterdam are facing uncertainty as its request for slots for winter is yet to be approved, since Dutch government is preparing to impose a cap on flight movements to curb noise pollution."While developing economies such as India are investing heavily in expansion of airport infrastructure, creating opportunities for all carriers, developed economies, like Amsterdam, are actively reducing existing capacity creating an unequal playing field that inherently favours legacy carriers from developed nations," India noted in the working paper. This, the government said, prevents Indian carriers from fully utilising international flying rights which are allocated on a bilateral reciprocal basis by governments to respective airlines."As a case, despite comprehensive bilateral agreement between India and the UK Indian carriers' access has been reduced to secondary airports in London like Gatwick and Stansted Airports while UK carriers maintain access to Heathrow," the paper London Heathrow, while a new agreement in 2023, allowed airlines from both countries to increase flights from 56 to 70 per week, Air India operates 31 weekly flights to the airport and is forced to operate new flights only from the Gatwick airport. IndiGo is likely to lease a slot from a UK airline at premium Coordination, agency tasked with allocating slots at Heathrow, told ET since the airport has reached its full capacity, airlines will have to wait for other airlines to lose their historic rights or to purchase and lease slots. "Access to slots is independent of bilateral entitlements," a spokesperson said.
Business Standard
a day ago
- Business Standard
Sensex settles 765 pts lower; Nifty ends below 24,400 level; VIX jumps 2.95%
The domestic equity benchmarks ended with major losses today as investors remained cautious amid concerns over the impact of Trumps tariff decision. Market sentiment turned risk-averse, with participants adopting a risk-off approach. Going forward, investors will closely monitor crude oil prices, FII activity and development on the tariff front. The Nifty settled below the 24,400 level. All sectoral indices on the NSE ended in the red, with realty, metal and auto shares losing the most. As per provisional closing data, the barometer index, the S&P BSE Sensex, tanked 765.47 points or 0.95% to 79,857.79. The Nifty 50 index declined 232.85 points or 0.95% to 24,363.30. The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index fell 1.56% and the S&P BSE Small-Cap index tanked 1.03%. Market breadth remained weak, with more stocks declining than advancing. On the BSE, 2,495 stocks fell, 1,532 advanced, while 146 remained unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, jumped 2.95% to 12.03. IPO Update: The initial public offer (IPO) of All Time Plastics received bids for 95,64,480 shares as against 1,05,46,297 shares on offer, according to stock exchange data at 15:15 IST on Friday (8 August 2025). The issue was subscribed 0.91 times. The initial public offer (IPO) of JSW Cement received bids for 9,16,80,558 shares as against 18,12,94,964 shares on offer, according to stock exchange data at 15:15 IST on Friday (8 August 2025). The issue was subscribed 0.51 times. Buzzing Index: The Nifty Realty index fell 2.11% to 874.15. The index dropped 2.94% in four consecutive trading sessions. Godrej Properties (down 3.73%), Phoenix Mills (down 3.1%), Sobha (down 2.87%), Oberoi Realty (down 2.79%), Anant Raj (down 2.71%), Raymond (down 2.61%), DLF (down 1.91%), Lodha Developers (down 1.67%), Prestige Estates Projects (down 1.39%) and Brigade Enterprises (down 0.69%) declined. Stocks in Spotlight: Titan Company advanced 1.49% after the company reported a 52.5% jump in consolidated net profit to Rs 1,091 crore on a 20.4% rise in operating revenue to Rs 14,673 crore in Q1 FY26 as compared with Q1 FY25. Life Insurance Corporation of India surged 2.92% after the company reported a 5.02% jump in standalone net profit to Rs 10,986.51 crore on 5.66% rise in total income to Rs 2,22,863.61 crore in Q1 FY26 over Q1 FY25. Kalyan Jewellers India tanked 10%. The companys consolidated net profit surged 48.55% to Rs 264.08 crore in Q1 FY26, supported by a 31.48% increase in revenue from operations to Rs 7,268.5 crore compared to the same period last year. Apollo Tyres slipped 1.35% after the company reported a 95.73% drop in consolidated net profit to Rs 12.88 crore in Q1 FY26 as against Rs 302 crore posted in Q1 FY25. However, revenue from operations grew by 3.56% YoY to Rs 6,560.76 crore in the quarter ended 30 June 2025. State Bank of India (SBI) shed 0.42%. The bank reported a consolidated net profit of Rs 19,160 crore for Q1 FY26, up 12.48% from Q1 FY25 and 2.78% higher sequentially. Net interest income came in at Rs 41,072 crore, marginally lower by 0.13% YoY and down 3.98% QoQ. India Shelter Finance Corporation rallied 6.96% after the companys consolidated net profit climbed 43.01% to Rs 119.44 crore on 43.6% increase in revenue from operations to Rs 361.21 crore in Q1 FY26 over Q1 FY25. BSE fell 2.17%. The company has reported a 104% increase in consolidated net profit to Rs 538 crore on a 59% rise in revenue from operations to Rs 958 crore in Q1 FY26 as compared with Q1 FY25. KRBL surged 13.12% after the companys consolidated net profit jumped 74% to Rs 150.58 crore on a 32.1% increase in net sales to Rs 1,584.35 crore in Q1 June 2025 over Q1 June 2024. Data Patterns (India) tumbled 5.51% after the companys standalone net profit fell 22.23% to Rs 25.50 crore in Q1 FY26, compared to Rs 32.79 crore posted in Q1 FY25. Revenue from operations declined 4.56% year-on-year (YoY) to Rs 99.33 crore in the quarter ended 30 June 2025. Global Markets: European markets traded mixed on Friday as investors reacted to U.S. President Donald Trumps nomination for an open seat on the Federal Reserves governing board. Asian shares ended mixed. Japans Topix index rose for the fourth consecutive session Friday and hit a record high of 3,031.78. Investors will continue to monitor how the reciprocal tariffs levied by President Trump will impact the affected countries and the global economy in general. On Wall Street, the 30-stock Dow closed down about 224 points, or 0.5%, while the S&P 500 ended the session off 0.08% on Thursday. However, the Nasdaq Composite managed to outperform and added nearly 0.4%. On Thursday afternoon, the President announced that he has selected Stephen Miran, chair of the Council of Economic Advisors, as his pick to replace Adriana Kugler on the Federal Reserve Board of Governors. Miran will serve out the rest of Kuglers term, which expires in January, following her resignation last Friday.
