Friday, August 07
Air India is working on a revised plan for achieving profitability, which is likely to be at least three to four years away, as the Tata Group-owned airline grapples with multiple headwinds, according to sources. The sources also said that the airline is likely to record more than Rs 15,000 crore loss in the current fiscal ending March 31, 2026. The Pakistan airspace closure and fatal Dreamliner crash last June, among other developments, have significantly impacted the financials of loss-making Air India, which is in the middle of the ambitious five-year transformation plan Vihaan.AI. Air India, which is jointly owned by Tata Group and Singapore Airlines, is working on a revised plan for profitability. With various uncertainties and challenges, the airline is likely to turn profitable only
Jio-BP, the fuel retailing and mobility joint venture of Reliance Industries Ltd and supermajor BP, announced the launch of its revolutionary 'Active' technology petrol at India Energy Week 2026, designed to clean critical engine components, restore performance, and help vehicles travel up to 100 km more per year without additional cost. Petroleum & Minister Hardeep Singh Puri visited the Jio-BP stall showcasing the technology at the India Energy Week here, the company said in a statement. The fuel is built to remove existing deposits from key engine parts, delivering smoother rides, enhanced reliability, reduced maintenance, and tangible gains in fuel efficiency for Indian two- and four-wheelers. "Built on over 100 years of BP's global fuel research leadership, high-performance petrol
Eurozone growth beat expectations to reach 1.5 percent last year, official data showed Friday, picking up pace for a second year running in spite of a bruising trade standoff with the United States.Europe is working to close the gap with economic rivals China and the United States, and spiking trade tensions with President Donald Trump's administration over trade have created added impetus to bolster its competitivity.Last year's uptick in the single-currency area's economy builds on the modest 0.9 percent expansion recorded in 2024, after an anaemic 0.4 percent a year earlier.Analysts at Bloomberg had forecast eurozone growth to be 1.4 percent, while the European Commission itself predicted 1.3 percent.Quarter-on-quarter growth for the area reached 0.3 percent in the last three months of
Gold and silver futures closed sharply lower on the Multi Commodity Exchange (MCX) on Friday, with both metals ending in deep red as investors locked in profits after a strong rally earlier this week that had pushed prices to fresh record highs.MCX Gold futures due February 5, 2026, were down Rs 11,000 or 6.5% to Rs 1,59,984 per 10 grams. Meanwhile, silver futures for March 5, 2026, delivery tanked by Rs 68,000 or 16.6% to Rs 3,34,503 per kg.In the international market, Gold prices eased on Friday as a firmer dollar weighed on the metal, though prices remained on track for their strongest monthly gain since 1980 as investors continued to seek safety amid lingering geopolitical and economic uncertainties. Spot gold fell 0.9% to $5,346.42 per ounce as of 0124 GMT, after touching a record hig
