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Indian-news

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 03 Jul 2026 04:34 PM   EconomicTimes

Gulf carriers eye Boeing, Airbus jets as Air India weighs delays

Gulf airlines like Etihad and Saudia are reportedly eyeing earlier aircraft delivery slots, potentially from Air India's deferred orders. This comes as major planemakers Boeing and Airbus have extensive backlogs, making near-term deliveries highly sought after for fleet modernization. While Air India states its plans are on track, these discussions highlight the competitive scramble for new aircraft.

 03 Jul 2026 04:32 PM   EconomicTimes

Titan expects gold prices to stay elevated, volatile amid global tensions

Titan anticipates elevated and volatile gold prices due to global geopolitical tensions, impacting short-term jewellery demand. However, the company remains optimistic about India's long-term jewellery market growth, driven by favourable demographics and gold's appeal as a safe asset. Despite challenges like US tariffs and volatile gold prices, Titan achieved a landmark Rs 75,000 crore revenue in FY26, with its jewellery division contributing significantly.

 03 Jul 2026 04:28 PM   EconomicTimes

Air India, SIA Engineering to set up maintenance, repair and overhaul joint venture in India

Air India and Singapore Airlines' engineering arm are exploring a joint venture to establish a world-class Maintenance, Repair, and Overhaul (MRO) facility in India. This collaboration aims to bolster India's aviation MRO capabilities and cater to growing regional demands. Building on existing partnerships for component support and base maintenance, the move signifies a deepening strategic alliance between the two entities.

 03 Jul 2026 04:22 PM   EconomicTimes

Industry body ASMA urges government to waive customs duty on primary aluminium, scrap

The Aluminium Secondary Manufacturers Association (ASMA) is urging the government to eliminate basic customs duties on primary aluminium and scrap. This move aims to lower raw material costs for the crucial MSME sector, boost downstream manufacturing, and enhance India's global competitiveness. Industry leaders believe this will unlock idle capacity and create more jobs, supporting the nation's manufacturing ambitions.

 03 Jul 2026 04:05 PM   EconomicTimes

JSW Steel starts work on Rs 16,350 crore Andhra Pradesh steel project

JSW Steel has initiated construction on a significant 2 million tonne steel plant in Andhra Pradesh, a project valued at over Rs 16,350 crore. This ambitious venture, to be developed in two phases by its subsidiary JSW Rayalaseema Steel Ltd, will initially focus on a 1 MTPA integrated plant for low-carbon steel.

 03 Jul 2026 04:00 PM   EconomicTimes

Airport operators tell Centre airline fee relief no longer warranted

Private airports are urging the civil aviation ministry to end the three-month discount on domestic flight landing and parking charges, set to expire July 6. The Association of Private Airport Operators (APAO) argues the geopolitical situation has stabilized, making the concession unnecessary. They propose allowing operators to recover foregone fees from airlines and suggest a mechanism for recouping these costs from revenue share payments.

 03 Jul 2026 03:52 PM   EconomicTimes

Maruti's plant inauguration by PMs of India, Japan 'greatest possible honour': T Suzuki

Suzuki Motor Corporation President Toshihiro Suzuki expressed immense honor as Indian and Japanese Prime Ministers virtually inaugurated Maruti Suzuki's new Kharkhoda plant. This significant event underscores a deepened commitment to "Viksit Bharat," with a focus on human development. Suzuki emphasized this by visiting skill development and road safety institutes, highlighting the importance of nurturing talent for India's progress.

 03 Jul 2026 03:49 PM   EconomicTimes

Food inflation shaped household choices; long-term growth potential intact: Nestle chairman

Nestle India's Chairman highlighted how food inflation reshaped consumer choices, impacting pack sizes and purchase habits in FY26. Despite uneven demand and rising commodity costs, the company reported a significant revenue jump of 22.6% for the January-March 2026 quarter. Nestle India is now a global leader for Maggi and KitKat, emphasizing agility and consumer closeness for future growth.

 03 Jul 2026 03:46 PM   EconomicTimes

India real estate attracts USD 2.9 billion in Q2 Calender Year 2026; Chennai, Bengaluru drive 27% inflows

The report said domestic investments more than doubled to USD 1.33 billion during the quarter, accounting for 46 per cent of the total inflows. Foreign investments stood at USD 1.54 billion, contributing 54 per cent of the total despite global trade and capital deployment uncertainties arising from the West Asia crisis. The inflows were supported by select large transactions.

 03 Jul 2026 03:42 PM   EconomicTimes

Paytm's European arm secures payment institution licence in Luxembourg

Paytm's European arm, Paytm Europe Payments, has secured a crucial payment institution license from Luxembourg's financial regulator, effective July 2, 2026. This approval allows the company to offer a range of payment services, including fund transfers and credit line-backed transactions. The move follows a significant investment by its parent company, One 97 Communications, to bolster the European entity's capital and support its business expansion.

 03 Jul 2026 03:15 PM   EconomicTimes

Max Estates Q1 sales bookings jump five-fold to Rs 1,100 cr on strong housing demand

Max Estates Ltd has reported a remarkable fivefold surge in sales bookings, reaching Rs 1,100 crore in the first quarter of this fiscal year. This impressive growth is attributed to robust demand for its housing projects across Delhi-NCR, particularly in Gurugram and Noida. The company also launched a new project in Gurugram with significant revenue potential, underscoring its strong market position and commitment to meeting buyer expectations.

 03 Jul 2026 03:03 PM   EconomicTimes

Auto demand remains strong, but OEM margins may stay under pressure in H1 FY27

Indian auto sector anticipates strong demand across all vehicle types, though automakers may see profit margins squeezed in early FY27. Wholesale dispatches for passenger vehicles, commercial vehicles, and tractors remain robust, indicating sustained consumer interest. Premium segment demand is expected to hold steady, while mass-market sales might moderate later in the fiscal year.

 03 Jul 2026 02:40 PM   EconomicTimes

Cars24 scraps job titles and hierarchy in AI-era organisational overhaul

Indian used-car platform Cars24 has ditched job titles and hierarchical ranks for all employees, adopting a single designation: 'Builder'. This radical restructuring, dubbed 'Flatland', aims to empower individuals based on ownership and impact, not formal position. The company believes this new model is essential for thriving in the AI era, fostering a culture where exceptional people collaborate to solve complex problems, ultimately boosting efficiency and profitability.

 03 Jul 2026 02:30 PM   EconomicTimes

Zydus Lifesciences ties up with Apollo Hospitals to offer Shield multi-cancer detection test

Zydus Lifesciences has partnered with Apollo Hospitals to introduce the Shield multi-cancer detection test in India, made possible through an agreement with Guardant Health. This innovative blood test can identify signals for multiple cancer types in individuals aged 45 and above. The collaboration aims to enhance early cancer detection and improve patient outcomes across the nation, making advanced screening more accessible.

 03 Jul 2026 02:30 PM   EconomicTimes

E20 causes ‘minor’ drop in vehicle mileage, Puri says, as India gears up for E100 fuel

The Petroleum Minister acknowledged a minor drop in fuel efficiency with E20 petrol but highlighted improved acceleration and engine performance as key benefits. Despite consumer concerns about mileage and older vehicles, the government is pushing ahead with ethanol blending. India is also exploring higher blends like E25 and E85.

 03 Jul 2026 02:19 PM   EconomicTimes

Flipkart ranked 5th best employer by Great Place To Work; underscoring a strong people-first culture

Flipkart has secured a spot in India's Top 5 Best Companies to Work For 2026, a significant leap from its previous ranking. This recognition highlights the e-commerce giant's dedication to a people-first approach, emphasizing employee well-being, career development through internal mobility, and a performance-driven culture. The company's commitment to fostering innovation and providing inclusive benefits has been key to its success.

 03 Jul 2026 01:58 PM   EconomicTimes

Home affordability holds firm despite rising prices: Knight Frank

Homebuyer affordability remains strong across most Indian cities in early 2026, with lower borrowing costs offsetting rising property prices. Ahmedabad leads as the most affordable market, while Mumbai and NCR face affordability challenges. Despite price increases, healthy incomes and supportive financing continue to fuel residential demand, keeping sales near post-pandemic highs.