Spirit Airlines’ failure combined with elevated jet fuel costs are squeezing summer travel budgets and testing the resilience of US consumer discretionary spending.
Tag: Business
India Startup Ecosystem Daily Roundup Sees Multiple Funding and Expansion Announcements
A busy day for India’s startup ecosystem featured new funding rounds product launches and international expansion plans
SEBI Tightens Regulations on Algorithmic Trading After Market Volatility Spike
India’s SEBI has issued new regulations capping the speed of high-frequency algorithmic trading following extreme intraday volatility in recent weeks.
UPI Transactions Cross 20 Billion Mark in April 2026 Setting New Monthly Record
India’s Unified Payments Interface processed more than 20 billion transactions in April 2026, a new all-time monthly high.
Byju’s Insolvency Proceedings Near Conclusion as NCLT Reviews Final Settlement Proposal
The National Company Law Tribunal is reviewing a final settlement proposal in the prolonged Byju’s insolvency case.
India Allows 100 Percent FDI in Space Sector Attracting SpaceX and Amazon Kuiper Partners
The government has opened the space sector to 100% foreign direct investment, drawing significant interest from global satellite and launch companies.
India’s Pharmaceutical Exports Reach Record $27 Billion in FY26
India’s drug exports crossed a record $27 billion in the fiscal year ending March 2026, driven by generic demand from the US and African markets.
HDFC Bank Reports Strong Q4 FY26 Net Profit of ₹18,500 Crore
HDFC Bank has posted a robust quarterly profit, beating analyst estimates, on the back of strong retail loan growth and improved margins.
Ola Electric Launches Affordable S1 Nano Scooter Targeting First-Time EV Buyers
Ola Electric has unveiled its most affordable scooter yet at ₹75,000, aiming to capture the mass market entry-level two-wheeler segment.
Zomato Reports 40 Percent Revenue Growth in Q4 FY26 on Quick Commerce Boom
Zomato’s quarterly earnings show strong growth driven by its Blinkit quick commerce division, which now accounts for 38% of revenue.