New York: Billionaire Gautam Adani has moved a US court seeking dismissal of a US Securities and Exchange Commission’s securities fraud lawsuit, arguing the case represents an impermissible extraterritorial application of US law and fails for lack of personal jurisdiction. The SEC had sued Adani Group founder and his nephew, Sagar, in November 2024, alleging…
Mumbai: Tata Group-owned Air India Chief Executive Officer Campbell Wilson has resigned from the position, according to a source. Wilson was appointed as Air India’s CEO and MD in July 2022, following former Turkish Airlines Chairman Ilker Ayci’s decision not to take up the top job in March 2022 amid a controversy. Tata Group acquired…
The Sensex is back to where it stood in early 2023. For a generation of investors who entered the market riding the post-pandemic bull run, this feels like a betrayal. It isn’t. It is, in fact, the most important lesson the market will ever teach them , and it is being offered for free. Let me…
Special Correspondent In India, cricket has long transcended sport. It is emotion, identity, and for millions, nothing short of religion. But over the last two decades—especially in the era of the Indian Premier League—this passion has quietly transformed into something else: one of the most lucrative investment vehicles in the country. A recent wave of…
New Delhi: The Delhi government has tightened norms for the supply of commercial LPG cylinders, making it mandatory for businesses to either have or apply for a piped natural gas (PNG) connection in areas where the network is available, according to an official order. In an order issued by the Food, Supplies, and Consumer Affairs…
New Delhi: The government on Saturday urged citizens to avoid panic buying of petrol, diesel, and LPG, saying fuel supplies remain adequate despite disruptions linked to the closure of the Strait of Hormuz. The Ministry of Petroleum and Natural Gas said the government is taking proactive steps to ensure the uninterrupted availability of petroleum products…
Kochi: Oil industry officials said on Friday that there was no shortage of LPG, petrol or diesel in Kerala, with supplies continuing smoothly across the state. Priority was being given to essential sectors, and the public has been urged not to panic buy as deliveries remain uninterrupted, they said in a statement here. “The State…
New Delhi: A US-sanctioned tanker carrying Iranian crude oil has rerouted mid-voyage from its previously indicated destination of India – where it would have marked the first such shipment in nearly seven years – to China. The Aframax tanker Ping Shun, built in 2002 and sanctioned by the US in 2025, is now signalling Dongying…
New Delhi: India’s annual defence exports touched an all time high of Rs 38,424 crore in the financial year 2025-26, marking an over 62 per cent growth over the previous fiscal, Defence Minister Rajnath Singh said on Thursday. The “big jump” in the defence exports reflected the growing “global trust” in India’s indigenous defence capabilities,…
New Delhi: The government on Thursday exempted import of critical petrochemical products from customs duty to ensure supply stability and provide relief to consumers of final products amid the crisis in West Asia. The duty exemption, which is valid till June 30, will benefit sectors dependent on petrochemical feedstock and intermediates such as plastics, packaging,…
