Market News

BASF to set up global service, digital hub in Hyderabad

BASF, a major chemical company, will establish a new global service and digital hub in Hyderabad. This facility is slated to open in the second quarter of 2026. It will support BASF's worldwide operations in areas like finance and human resources. The hub aims to standardize processes and drive digital transformation.

US PE firm Recognize, armed with $1.7 billion fund, scouts for niche IT service companies in India

Recognize, a private equity firm founded by former Cognizant CEO, emphasizes operational involvement and believes smaller IT firms will adapt to AI advancements more quickly than larger competitors.

Amazon logistics push rattles Delhivery, stock drops over 4%

Delhivery shares fell over 4% following Amazon's introduction of its bundled logistics service, ASCS. This move signals intensified competition in the logistics sector, causing significant declines in stock prices of other logistics companies such as FedEx and UPS.

Ather Energy Q4 Results: Net loss narrows, revenue jumps 74% but stock slips

Ather Energy's service network expanded to 548 service centres, which it said is nearly 2x its FY25 footprint. It has over 6,000 charging points powered by LECCS.

World’s largest container carrier plans route avoiding Hormuz

The world’s largest container shipping company, MSC Mediterranean Shipping Company, is launching a new Europe–Middle East service that avoids the Strait of Hormuz by combining sea, road, and feeder ship routes.

Jammu-Srinagar Vande Bharat Express begins regular service, passengers share their experience

Air India to cut 100 flights daily as fuel costs bite; Big reductions on Australia, Europe, North America routes

Air India is set to reduce its flight operations by approximately 100 daily flights due to escalating jet fuel prices. The airline is implementing the steepest cuts on routes to Europe, North America, Australia, and Singapore. This move comes as the Federation of Indian Airlines warns of further service suspensions if the government doesn't intervene to alleviate the cost burden.

Bombay HC quashes Rs 1,524 crore proposed GST demand on Tata Sons in Docomo arbitration payout case

The Bombay High Court quashed a Rs 1,524 crore GST demand against Tata Sons, ruling that payments made to NTT Docomo as an arbitration award do not constitute a taxable 'supply of service'. The court found the revenue department's attempt to levy GST on the settlement of the arbitral award to be unjustified, setting aside the show cause notice.

Vande Bharat Express now links Jammu to Srinagar directly

Union Railways Minister Ashwini Vaishnaw launched the 20-coach Vande Bharat Express in Jammu and Kashmir. This marks the first direct rail link between Jammu and Srinagar. The service reduces travel time and provides an all-weather connection. The train is popular and has become a lifeline for the region. Future plans include connecting Poonch, Rajouri, and Uri to the rail network.

SCI considers starting service to West Asia: Official

Shipping Corporation of India might begin services to West Asia. This move aims to help transport stranded cargo. The decision follows deliberations. Around 19,500 Indian seafarers are in the Middle East. Some do not wish to return. Tensions in the gulf have impacted vessel movement. India is coordinating with Iran for safe passage.

Rajiv Bajaj to step down from Bajaj Finance board, opts out of re-election at 2026 AGM

Rajiv Bajaj is stepping down from the Bajaj Finance board. He will not seek re-election at the annual general meeting on July 30, 2026. This marks a significant leadership change after his long association. The board acknowledged his valuable service and contributions. Bajaj will cease to be a non-executive director post the AGM.

End Of Tab-Hopping? Skyscanner Integrates ChatGPT For Flight Search, Fare Comparison

Users need to install the Skyscanner app within ChatGPT to start using the service.