London: The US-Iran war, now in its second month, has snowballed into a threat that could disrupt more than just the Middle East. With the Strait of Hormuz effectively blocking crude oil shipments, aviation experts have warned of a critical shortage of Aviation Turbine Fuel (ATF), which could threaten the civil aviation market as we know it. The Countdown For Europe, one of the world’s leading civil aviation markets, the threat of the war is beginning to show up only now. According to the International Air Transport Association (IATA), flights in Europe could start to get cancelled from the end…
Author: Abizar Attari
Abizar Attari
Abizar has been writing before AI started to take over your lives! His expertise lies in analysing diverse perspectives and simplifying them for laymen. Beyond writing, storytelling and editing, he enjoys running, learning and enjoying the outdoors.
Read More
Mumbai: Jio Financial Services Limited(JFSL) Q4 FY 26 results have been a mixed bag, even as the company has somewhat managed to leverage its unmatched lead through the Jio brand. Despite a 106.49% surge in consolidated revenue to ₹1,020 crore , the company’s consolidated net profit for the March 2026 quarter declined by 13.88% year-on-year (YoY) as the company has had to invest in building its digital infrastructure and product ecosystem. The Expansion Bill: Scaling JFSL Over the past year, the company has pivoted from a holding entity into an active financial services player rolling out its digital lending, Mutual…
Mumbai: India’s largest cement manufacturer is now the world’s largest outside China following the commissioning of three new grinding units. In a press release, UltraTech Cement has announced the commissioning of three new grinding units at Shahjahanpur (Uttar Pradesh), Patratu (Jharkhand), and Vizag (Andhra Pradesh) boosting supplies pan-India. Following this, UltraTech’s capacity now stands at 200.1 MTPA with its consolidated global capacity at 205.5 MTPA, including its operations in the UAE, Bahrain, and Sri Lanka. It has taken 36 years for UltraTech to reach 100+ MTPA while the next 100 MTPA took less than seven years. “Over a decade ago,…
The appraisal season is in its last leg, with many now grumbling, cheering, or protesting the increments they’ve received. In November 2025, the government solved a major bureaucratic hurdle facing employers- the complex web of compliance that included 29 colonial-era labour laws and other state laws complicating matters. In the absence of a uniform definition of the basic pay component, organizations started to compress it in the salary structures, often to as low as 20-30% of the total Cost to Company (CTC), while inflating the allowances and reimbursements given. All of that changed in November 2025, when the central government…
Westlake, US: Charles Schwab Corporation, one of the leading US-based investment advisory firms, has announced its entry into the spot cryptocurrency market with its Schwab Crypto™ trading service. Through a phased launch, this service will allow its 39 million brokerage account holders to buy and sell Bitcoin and Ethereum directly. This comes at a time when most investment advisory firms have joined the cryptocurrency bandwagon, with all of them managing upwards of $200 billion in crypto assets through ETFs and direct holdings. Charles Schwab currently holds about $12 trillion in client assets, even though it has been relatively late to…
New Delhi: With the US-Iran war continuing to block oil shipments from the Middle East, India has moved ahead to fast track the long delayed plan for a massive underground crude oil storage facility in Odisha. The project, which was buried in red tape for nearly seven years due to administrative hurdles, is now being treated as a matter of national security. A ₹8,743 Crore Fortress for Crude The Strategic Petroleum Reserve (SPR) at Chandikhol will become the world’s largest underground crude oil storage reserve. The project will cost ₹ 8,743 crores and have the capacity to hold 4 million…
Bengaluru: Wipro Ltd has declared a mixed bag of financial results for Q4 FY26, with the Bengaluru-based IT giant reporting a 8.6% year on year (YoY) decline in consolidated net profit to ₹3,502 crore. The company’s revenues have remained flat for the year, falling 0.32% year on year to $10.48 billion. Despite this, the company has made an announcement of a ₹15,000 crore share buyback, repurchasing 600 million shares at a 19% premium, with even the promoters and promoter groups reportedly participating in the issue. The company’s operating margins remained under pressure reaching 16.2%. The management has cited the transition…
New Delhi: The Employees’ Provident Fund Organization (EPFO) has further boosted its transparency and eased its bureaucratic systems by addressing regular challenges that plagued the system. Many employees who had multiple accounts along with incorrect or duplicate Provident Fund (PF) accounts can now solve the anomaly themselves through the improved EPFO portal. Previously, employees were forced to take leave to visit the nearest EPFO Regional Office to get their PF accounts in line, a nightmare situation for millions. Now, you can place your request to remove or delink incorrect or duplicate Member IDs (MIDs) from their Universal Account Numbers (UANs)…
New Delhi: India’s exports for the Financial Year 2025-26 have reached $860 billion despite geopolitical challenges including the US tariffs and the Middle East war, data shared by the goverment showed. The export growth represents a 4.22% growth over the previous year, though this isn’t a cause of celebration as imports have grown to $979.4 billion from $919.92 billion last year. As a result, the trade deficit has widened to $119.9 billion, driven by a surge in essential imports-including energy and electronics- outpaced the gains in outbound shipments. Services: The Resiliant Trump Card India’s service sector continues to be the…
New Delhi: India’s dream of becoming the world’s fourth-largest economy has been delayed as the depreciating Rupee and a revision in the International Monetary Fund’s (IMF) calculations have downgraded India back to Number 6. This development has dampened the government’s ambition of trying to secure the third spot by 2027, hoping to get there through structural reforms and investments in infrastructure and skill development. But the depreciating Rupee has been both a curse and boon, as it has made our exports more competitive even through it has shrunk the total value of the economy. Besides that, the IMF has revised…
