Business News: Economy & Markets

Air India Phuket-Delhi incident: AAIB recommends DGCA action after pilot's positive substance test

IANS | September 4, 2026 12:37 PM

New Delhi, Sep 4 (IANS) The pilot-in-command of Air India flight from Phuket to Delhi tested positive for a psychoactive substance in a confirmatory test following an altitude upset during cruise and it is a serious concern, according to a preliminary report released on Friday by the Aircraft Accident Investigation Bureau (AAIB).

India need not worry about FCNR (B) repayment: World Bank's Neelkanth Mishra

IANS | September 4, 2026 11:55 AM

Mumbai, Sep 4 (IANS) India need not worry about repayment of foreign currency non‑resident (bank) FCNR (B) deposits when they mature in five years, World Bank Executive Director for India, Neelkanth Mishra, as the instrument is a relatively cheap source of capital that can be rolled over if global financing conditions remain unfavourable.

Data centre boom to add 0.13 pc to India’s GDP: Report

IANS | September 4, 2026 11:18 AM

New Delhi, Sep 4 (IANS) The surge in data‑centre investment in India is likely to make a modest direct contribution to gross domestic product (GDP), adding 0.13 per cent to it, a new report has said.

India’s space quest soars higher: Union Ministers on ISRO launch

IANS | September 4, 2026 10:34 AM

New Delhi, Sep 4 (IANS) Union Ministers on Friday hailed the successful launch of India’s first imaging satellite from Geosynchronous Orbit, saying the feat reinforces India's capabilities across the entire space sector.

Volkswagen to cut at least 1 lakh jobs by 2030 in cost cutting measures

IANS | September 4, 2026 10:27 AM

Mumbai, Sep 4 (IANS) German car manufacturer Volkswagen has announced to cut 1 lakh jobs by the end of the decade in a sweeping cost‑cutting plan, marking the largest restructuring in the global auto industry.

Sensex, Nifty post notable gains in early trade led by IT stocks

IANS | September 4, 2026 9:45 AM

Mumbai, Sep 4 (IANS) The Indian equity markets posted notable gains early on Friday driven by gains in IT stocks and positive data on the domestic economy.

Adobe appoints Anil Chakravarthy as new president and CEO; Shantanu to become executive chair

IANS | September 4, 2026 9:24 AM

New Delhi, Sep 4 (IANS) Software major Adobe has announced to appoint Anil Chakravarthy as its next president and chief executive officer, succeeding veteran Shantanu Narayen.

Adani Ports to start dedicated empty container yard operations at Mundra to boost efficiency

IANS | September 4, 2026 9:12 AM

Ahmedabad, Sep 4 (IANS) Adani Ports and Special Economic Zone Ltd (APSEZ) on Friday said it is launching a dedicated Empty Container Yard (ECY) with integrated warehousing at Mundra, offering end-to-end services across the empty container lifecycle, including storage, maintenance, inspection, and seamless movement to exporters and CFSs (container freight stations).

Wai-Wai-maker CG Foods India ordered to stop veg bhujia namkeen production: FSSAI

IANS | September 3, 2026 6:50 PM

New Delhi, Sep 3 (IANS) India’s food regulator on Thursday said it has initiated enforcement action against CG Foods India Pvt Ltd. following food safety violations.

Govt launches ‘BIO-NIVESH’ to catalyse investment, boost biotechnology innovations

IANS | September 3, 2026 5:55 PM

New Delhi, Sep 3 (IANS) The government on Thursday launched ‘BIO-NIVESH’, a strategic platform aimed at strengthening engagement between biotechnology innovators and the investment community and catalysing the flow of private capital into promising biotechnology innovations for scale-up and commercialisation.

Business

Air India Phuket-Delhi incident: AAIB recommends DGCA action after pilot's positive substance test

India need not worry about FCNR (B) repayment: World Bank's Neelkanth Mishra

Data centre boom to add 0.13 pc to India’s GDP: Report

India’s space quest soars higher: Union Ministers on ISRO launch

Volkswagen to cut at least 1 lakh jobs by 2030 in cost cutting measures

Sensex, Nifty post notable gains in early trade led by IT stocks

Adobe appoints Anil Chakravarthy as new president and CEO; Shantanu to become executive chair

Adani Ports to start dedicated empty container yard operations at Mundra to boost efficiency

Wai-Wai-maker CG Foods India ordered to stop veg bhujia namkeen production: FSSAI

Govt launches ‘BIO-NIVESH’ to catalyse investment, boost biotechnology innovations

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