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🇮🇳India Edition • Calendar Week 2

October 2026 — Week 2

Week 2 (Oct 08 – Oct 14) (2026/10/08 to 2026/10/14)

Weekly Stories2,775Page 21 of 56
Markets, IPOs & WealthBreaking
12 Oct 2026, 09:53 AM IST

R.K. Fashion Accessories IPO Lists Today as Grey Market Signals Modest Premium

R.K. Fashion Accessories is set to debut on the bourses today after its Rs 35 crore initial public offering, which was priced at Rs 82 per share at the upper end of the band. The issue was entirely a fresh offering of 42.67 lakh shares, with no offer-for-sale component, making the listing a direct test of investor appetite for a small-cap consumer-facing manufacturing story.

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Banking, Fintech & InsuranceBreaking
12 Oct 2026, 09:53 AM IST

HDFC Bank Sets Up Rs 35.9 Crore Pay Package for Incoming Chief Anup Bagchi, Poised to Make Him India’s Highest-Paid Bank CEO

HDFC Bank has proposed an annual compensation package of up to Rs 35.90 crore for incoming chief executive Anup Bagchi, with the total potentially rising to Rs 43.24 crore if performance-linked stock awards are included. The bank is seeking shareholder approval for both the appointment and the remuneration, underscoring the scale of its bet on leadership continuity, retail loan growth and renewed investor confidence.

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India Entertainment & CultureBreaking
12 Oct 2026, 10:14 AM IST

Mike Flanagan Says Cruelty, Not Carrie or Chris, Is the Real Villain of ‘Carrie’

Mike Flanagan has reframed Stephen King’s 'Carrie' as a story about cruelty rather than simple conflict between its two central teenagers. In a recent interview, the filmmaker argued that Carrie White and Chris Hargensen might have become friends under different circumstances, underscoring how bullying and social violence drive the tragedy.

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Startups & Venture CapitalBreaking
12 Oct 2026, 10:14 AM IST

TechSparks 2026 Expands Speaker Lineup as AI, Policy and Entertainment Converge Ahead of Summit

With two days remaining before the summit opens, YourStory has broadened the TechSparks 2026 speaker roster with additions spanning artificial intelligence, enterprise technology, aviation, policymaking, diplomacy and entertainment. The move underscores how India’s startup conversation is increasingly moving beyond venture capital into the wider systems, regulation and culture shaping the next wave of technology adoption.

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Macro Economy & Fiscal PolicyBreaking
12 Oct 2026, 10:14 AM IST

US Move Against IT Firms Signals Broader Protectionist Turn, Raises Export Risks for India: GTRI

India should brace for a widening US policy squeeze that could move beyond green card sponsorship into H-1B hiring, skilled-worker mobility and outsourcing, the Global Trade Research Initiative said on Wednesday. The warning comes as Washington’s latest posture toward technology firms is being read in New Delhi as part of a broader protectionist shift with direct implications for India’s services exports.

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National Governance & PolicyBreaking
12 Oct 2026, 10:14 AM IST

Modi, Tamil Nadu Chief Minister Flag Off Chennai Metro Phase II Train, Ride Together Ahead of 2026 Launch

Prime Minister Narendra Modi and Tamil Nadu Chief Minister M.K. Stalin on Sunday flagged off the first train for Chennai Metro Rail’s Phase II project and took a short ride together, underscoring the scale and political visibility of one of India’s largest urban transit expansions. Passenger services on the newly launched line are scheduled to begin on October 11, 2026, from 4 p.m., marking a major milestone for the city’s transport network.

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Banking, Fintech & InsuranceBreaking
12 Oct 2026, 10:14 AM IST

FCNR Inflows Seen Capping Bank Deposit Rates as Liquidity Stays Comfortable

Foreign currency non-resident deposit inflows are expected to keep a lid on bank deposit rates in the near term by adding to system liquidity and easing immediate funding pressure. Analysts say the benefit may be temporary, with liquidity likely to move back toward neutrality by the end of December even as banks continue to enjoy support from higher lending yields on floating-rate loans.

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India Sports & CricketBreaking
12 Oct 2026, 10:14 AM IST

Kumkum Keeps Her Feet on the Ground as She Aims for Los Angeles Olympic Gold

Indian archer Kumkum is emerging as a disciplined medal prospect for the Los Angeles Games, with a training mindset shaped by patience, routine and a refusal to be distracted by early attention. The Amravati-based athlete also says she admires Virat Kohli’s work ethic and hopes to meet the cricket star one day, citing his discipline as a model for her own career.

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Macro Economy & Fiscal PolicyBreaking
12 Oct 2026, 10:14 AM IST

India’s Water Stress Is Turning Into an Agriculture Crisis, Forcing a Rethink on How Farmers Grow

India’s worsening water scarcity is no longer just an environmental warning; it is becoming a direct threat to farm output, rural incomes and food security. As groundwater falls and irrigation costs rise, the country’s agricultural future will depend on precision, efficiency and a shift away from water-intensive cropping patterns.

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Macro Economy & Fiscal PolicyBreaking
12 Oct 2026, 10:34 AM IST

India’s Water Stress Is Turning Into an Agriculture Crisis, Forcing Farmers to Rethink How They Grow

India’s worsening water scarcity is no longer just an environmental warning; it is becoming a direct threat to farm output, rural incomes, and food security. As groundwater falls and irrigation costs rise, the pressure is mounting on farmers to adopt precision methods, shift cropping patterns, and use every drop more efficiently.

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India Entertainment & CultureBreaking
12 Oct 2026, 10:34 AM IST

‘Blade Runner 2099’ Trailer Reveals a Darker, Replicant-Driven Future for Michelle Yeoh and Hunter Schafer

Prime Video has released the latest trailer for 'Blade Runner 2099', sharpening anticipation for the franchise’s next chapter ahead of its November 25 premiere. The footage places Michelle Yeoh and Hunter Schafer at the centre of a dystopian world shaped by Replicant power, extending the visual and thematic legacy of the 'Blade Runner' universe.

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Startups & Venture CapitalBreaking
12 Oct 2026, 10:34 AM IST

Bewakoof’s FY26 Net Loss Widens Nearly 20% to ₹87.4 Crore as Revenue Tops ₹200 Crore

D2C fashion brand Bewakoof reported a sharp deterioration in profitability in FY26, with net loss widening nearly 20% year-on-year to ₹87.4 crore even as revenue crossed the ₹200 crore mark. The reversal follows an improved bottom line in FY25, underscoring the continued strain on consumer startups balancing growth, marketing intensity, and margin pressure.

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National Governance & PolicyBreaking
12 Oct 2026, 10:34 AM IST

Prime Minister Remembers Jayaprakash Narayan on Birth Anniversary, Reaffirms the Case for Clean Governance

On the birth anniversary of Loknayak Jayaprakash Narayan, the Prime Minister paid tribute to the veteran freedom fighter and mass leader, invoking his legacy as a moral benchmark for public life. The message placed renewed emphasis on good governance, accountability, and citizen-first administration, underscoring how JP’s ideas continue to shape India’s political vocabulary decades after his death.

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India Entertainment & CultureBreaking
12 Oct 2026, 10:34 AM IST

Nana Patekar’s Enduring Legacy: Three National Awards, Unforgettable Roles and a Singular Place in Indian Cinema

Nana Patekar, one of Indian cinema’s most distinctive and uncompromising performers, is remembered for a career that fused intensity, restraint and moral force across film, theatre and public life. With three National Film Awards, a reputation for exacting craft and a body of work spanning landmark performances, his legacy remains central to the story of modern Hindi and Marathi cinema.

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Banking, Fintech & InsuranceBreaking
12 Oct 2026, 10:34 AM IST

NPCI Weighs 0.4% UPI Merchant Fee to Recover Up to ₹15,000 Crore a Year

India’s payments infrastructure could be headed for its most consequential pricing shift since UPI’s launch, with the National Payments Corporation of India considering a 0.4% merchant discount rate on certain transactions. The move is aimed at recovering roughly ₹13,000-15,000 crore in annual costs while keeping most consumer payments free, according to NPCI chief executive Dilip Asbe.

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Banking, Fintech & InsuranceBreaking
12 Oct 2026, 10:34 AM IST

Paytm’s Two Engines: Payments Still Drive Scale, Lending Tests Profitability

Paytm’s business has evolved from a digital wallet into a broad financial services platform, but its core economics still hinge on two very different engines: payments and lending. Payments continue to provide scale, merchant reach and user engagement, while lending remains the higher-margin but more tightly regulated growth lever that could determine the company’s long-term profitability.

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India Entertainment & CultureBreaking
12 Oct 2026, 10:34 AM IST

LURU Screendance Festival Shows How Film Can Preserve, Reframe Dance

The recently held LURU Screendance Festival placed a sharp spotlight on the changing relationship between dance and cinema, arguing that the camera is not merely a recorder of performance but an active force in shaping how movement is perceived. The event underscored how screendance is emerging as a serious cultural form, one that archives choreography while also transforming it through editing, framing and perspective.

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Banking, Fintech & InsuranceBreaking
12 Oct 2026, 10:55 AM IST

RNFI Money Wins RBI Nod for Cross-Border Trade Remittances, Expanding Its Regulated Payments Ambition

RNFI Money, the wholly owned subsidiary of RNFI Services, has received Reserve Bank of India approval to undertake cross-border trade remittances, marking a significant expansion of its regulated financial-services footprint. The licence strengthens the company’s ability to offer foreign exchange, remittance and trade-payment services through RNFI’s last-mile network, while complementing the parent’s recent in-principle authorisation to operate as a Payment Aggregator–Physical.

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Banking, Fintech & InsuranceBreaking
12 Oct 2026, 10:55 AM IST

Sitharaman Rejects UPI MDR Misconception, Says Merchant Charge Will Not Reach Consumers

Finance Minister Nirmala Sitharaman has moved to calm concerns around the Merchant Discount Rate on certain UPI transactions, saying the charge will be borne by merchants and will not be passed on to consumers. She also stressed that the levy is not a tax, cess or surcharge, but a payment-processing cost applicable only to select transactions above Rs 2,000.

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National Governance & PolicyBreaking
12 Oct 2026, 10:55 AM IST

Dalit Students Abroad Confront Exported Caste Bias in Classrooms and Campuses

Dalit students who leave India for higher education often expect distance to mean relief from caste discrimination. Instead, reports from campuses abroad suggest that caste prejudice has travelled with sections of the diaspora, surfacing in classrooms, social circles and student networks. The issue is now emerging as a transnational governance and rights concern, with implications for universities, anti-discrimination policy and India’s global reputation.

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Markets, IPOs & WealthBreaking
12 Oct 2026, 10:55 AM IST

South Korean Shares Drop Nearly 2% as Middle East Tensions Hit Risk Appetite

South Korean equities fell nearly 2% on Monday as renewed violence in the Middle East unsettled global markets and revived concerns about energy supply disruptions. Foreign selling and weakness in chipmakers dragged the benchmark KOSPI lower, even as the won strengthened to its highest level since October 2024, reflecting a mixed response across Korean financial assets.

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Banking, Fintech & InsuranceBreaking
12 Oct 2026, 11:15 AM IST

IIT Bombay Flags UPI MDR Risk, Warns Public Trust Could Erode Without Rationalisation

An IIT Bombay report has warned that public trust in UPI could be weakened if the proposed merchant discount rate framework is implemented in its current form. The study argues that policymakers must rationalise the structure carefully so India’s flagship digital payments system does not begin to attract negative sentiment among users and merchants.

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India Sports & CricketBreaking
12 Oct 2026, 11:15 AM IST

ICC ODI World Cup 2027 schedule set: India open against Australia in Cape Town on October 7

The ICC ODI World Cup 2027 is taking shape with India set to begin their campaign on October 7 against Australia in Cape Town, a marquee opening fixture that immediately raises the stakes for the tournament. The full schedule and venue map are expected to define a demanding route for India, with travel, conditions and opponent quality likely to shape the early phase of their title bid.

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Healthcare, Pharma & Life SciencesBreaking
12 Oct 2026, 11:15 AM IST

37 Arrested in Kochi Anti-Drug Sweep After Raids at 153 Locations

Police in Kochi arrested 37 people during a large-scale anti-drug combing operation that targeted 153 locations across the city. Officers seized 13.83 grams of suspected MDMA and 91.84 grams of suspected ganja, underscoring the scale of street-level narcotics enforcement in the region.

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Markets, IPOs & WealthBreaking
12 Oct 2026, 11:15 AM IST

Trent, Physicswallah Among Five Stocks Flagged for Up to 23% Upside as Market Seeks Relief Rally

Indian equities ended a mixed session with the Sensex under pressure even as the Nifty managed a marginal gain, underscoring a market that remains selective rather than broadly risk-on. Against that backdrop, analysts have highlighted five stocks — Persistent Systems, Physicswallah, Trent, Allied Blenders and Aditya Infotech — as short-term ideas with potential upside of up to 23%, provided the market holds above key resistance levels.

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National Governance & PolicyBreaking
12 Oct 2026, 11:15 AM IST

CJP Says Detentions Could Trigger Nationwide Protests, Raises Alarm Over Phone Seizure by Delhi Police

The Citizens for Justice and Peace has warned that protests over recent detentions in Delhi could spread beyond the capital, framing the episode as a national civil liberties issue rather than a local law-and-order matter. CJP’s Saurav Das has also alleged that police took away detainees’ phones without issuing seizure memos, raising concerns that the devices may have been hacked or cloned.

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National Governance & PolicyBreaking
12 Oct 2026, 11:15 AM IST

Coal Stock Depletion Slows, but Replenishment Has Yet to Begin: Coal Ministry

India’s coal stock depletion has eased from the sharp pressure seen in September, but the Ministry of Coal says the system has not yet entered a meaningful rebuilding phase. The ministry said the current stock position must be assessed alongside the improvement in supplies since the trough, even as power demand and logistics constraints continue to shape the outlook. The update underscores a fragile recovery in coal availability rather than a full normalization. For policymakers and power producers, the key question is whether the recent moderation in depletion can translate into sustained stock rebuilding before the next demand spike.

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National Governance & PolicyBreaking
12 Oct 2026, 11:15 AM IST

Time Will Answer Sting Allegations, Says D.K. Shivakumar Amid Political Heat

Karnataka Deputy Chief Minister D.K. Shivakumar has responded cautiously to allegations linked to a sting operation, saying time will provide the answer. His remarks come as the controversy adds fresh pressure to an already charged political environment, with questions intensifying over accountability, intent, and the timing of the claims.

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Markets, IPOs & WealthBreaking
12 Oct 2026, 11:36 AM IST

Zetwerk Sets ₹143-₹151 IPO Band for ₹5,012 Crore Public Issue

B2B manufacturing platform Zetwerk has set a price band of ₹143 to ₹151 per share for its initial public offering, which will raise about ₹5,012 crore at the upper end. The issue marks a significant test for India’s startup-backed industrial manufacturing story as investors weigh growth, profitability prospects and the durability of demand in a cyclical sector.

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Markets, IPOs & WealthBreaking
12 Oct 2026, 11:36 AM IST

Endurance Technologies IPO Opens: Investors Weigh Growth Story Against Valuation

Endurance Technologies’ initial public offering opened on Wednesday, with the auto components maker seeking to raise nearly Rs 1,162 crore at the top end of its price band through a 17.5 percent stake sale. The issue has already drawn anchor support of Rs 348.52 crore, but investors must now judge whether the company’s scale, margins and sector tailwinds justify subscription at current pricing.

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Macro Economy & Fiscal PolicyBreaking
12 Oct 2026, 11:36 AM IST

Corrugated Box Makers Squeezed as Raw-Material, Freight and Input Costs Surge

India’s corrugated box industry is confronting a supply-side shock as higher raw-material prices, tighter availability of waste paper and rising costs across the paper manufacturing chain compress margins. Stakeholders say the pressure is being amplified by elevated freight charges and broader input inflation, leaving manufacturers with limited room to absorb costs or pass them on immediately.

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National Governance & PolicyBreaking
12 Oct 2026, 11:36 AM IST

Man Dies After Alleged Seat Dispute on Delhi Metro; Ex-IAS Officer and Son Arrested

A man identified as Pawan Sharma died after an alleged assault following a seat dispute inside the Delhi Metro, prompting police to arrest two accused, including former IAS officer Sanjay Pratap Singh and his son Sidharth Singh. The incident, reported to have occurred on October 8 at the Supreme Court Metro station, has raised fresh concerns about passenger safety, conflict escalation, and accountability in one of India’s busiest urban transit systems.

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Banking, Fintech & InsuranceBreaking
12 Oct 2026, 11:57 AM IST

From Bhubaneswar Classrooms to ICICI Life’s Corner Office: Who Is Sidharatha Mishra?

ICICI Prudential Life Insurance is set to elevate veteran banker Sidharatha Mishra as its next chief operating officer and chief executive officer, marking a significant leadership transition at one of India’s largest private life insurers. Mishra’s rise caps nearly three decades at ICICI Bank, where he built experience across branch banking, retail operations and digital channels—credentials that are expected to shape the insurer’s next phase of execution.

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Markets, IPOs & WealthBreaking
12 Oct 2026, 11:57 AM IST

Domestic Flows Are Not Enough as India’s Equity Market Faces a 2017-Style Reality Check

Strong systematic investment plan inflows and steady mutual fund buying have not been enough to offset persistent foreign selling in Indian equities, even as earnings growth cools and valuations compress. Market strategists are drawing parallels with 2017, warning that domestic liquidity can cushion declines but cannot by itself sustain broad market returns without a stronger macro and earnings backdrop.

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India Entertainment & CultureBreaking
12 Oct 2026, 11:57 AM IST

Siennor Trio’s ‘Ninaivu Maaligai’ Revisits Memory, Then Pushes Forward

Siennor Trio has released 'Ninaivu Maaligai', an 11-track live-recorded album that draws on Sufi, rock and other musical textures while centring memory, continuity and renewal. The project arrives as both a retrospective and a statement of intent, signalling a band intent on honouring its past without being confined by it.

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Banking, Fintech & InsuranceBreaking
12 Oct 2026, 11:57 AM IST

Credit Saison India to Lift Secured Loans to 30% as MSME Push Deepens

Credit Saison India is sharpening its MSME strategy by expanding secured lending, especially in Tier 2 and Tier 3 markets, as it seeks to make this category 30% of its loan book by the end of the fiscal year. The move comes as the company manages a Rs 25,000 crore portfolio and prepares to widen its branch network across India, signalling a more balanced growth model in a competitive lending market.

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Macro Economy & Fiscal PolicyBreaking
12 Oct 2026, 11:56 AM IST

India, Bangladesh Resume Trade Talks After Three-Year Hiatus as Port Curbs and Barriers Dominate Agenda

India and Bangladesh have restarted their joint working group on trade after a three-year gap, reopening a key bilateral channel at a time when commercial frictions remain unresolved. Port restrictions, non-tariff barriers and Bangladesh’s demand for wider duty-free access are expected to dominate the discussions as the two neighbours seek to narrow a persistent trade imbalance.

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Automotive, EVs & MobilityBreaking
12 Oct 2026, 11:56 AM IST

NEDFI Posts Strong FY 2025–26 Performance as Income and Profit Hold Firm

North Eastern Development Finance Corporation Ltd. (NEDFI) delivered a solid financial showing in FY 2025–26, with gross income rising 4.40% to Rs. 270.82 crore and interest income climbing 9.73% to Rs. 214.94 crore. The lender reported profit before tax of Rs. 127.77 crore and net profit of Rs. 92.23 crore, underscoring resilient earnings momentum in a period of steady credit activity.

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Banking, Fintech & InsuranceBreaking
12 Oct 2026, 11:56 AM IST

RBI Tightens Daily Cash Reserve Rule, Raising Bank Maintenance to 99%

The Reserve Bank of India will increase the minimum daily cash reserve maintenance requirement for banks to 99% from 90%, a move that will take effect from the fortnight beginning October 16, 2026. The step is designed to drain surplus liquidity from the banking system and reduce the operational flexibility banks have enjoyed in managing reserve balances.

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India Entertainment & CultureBreaking
12 Oct 2026, 11:56 AM IST

Aamir Khan Productions Launches Open Mic Platform to Spotlight Grassroots Talent

Aamir Khan Productions has launched an open mic initiative under its Aamir Khan Talkies channel in collaboration with Kommune, the spoken-word and storytelling platform. The project is designed to create a public stage for grassroots artists, expanding access to performance opportunities beyond established entertainment circuits. The move reflects a growing industry push to democratise cultural discovery and build direct audience pathways for emerging voices.

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National Governance & PolicyBreaking
12 Oct 2026, 12:17 PM IST

IITM Pune Hosts APARC Early Career Workshop and ESTIC Curtain-Raiser, Signalling a Push for Policy-Linked Research Capacity

The Indian Institute of Technology Management, Pune, has hosted an APARC Early Career Workshop alongside the curtain-raiser for ESTIC, positioning the event as part of a broader effort to strengthen research-to-policy pathways. The gathering underscores growing institutional emphasis on early-career talent, interdisciplinary collaboration, and the practical translation of academic work into governance outcomes.

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India Sports & CricketBreaking
12 Oct 2026, 12:17 PM IST

Jaiswal Boosts Mumbai as Champions Target Winning Start in Ranji Opener

Mumbai begin their Ranji Trophy campaign with a familiar burden and a familiar advantage: expectation. The 42-time champions are eager to launch the season with a win at the Wankhede Stadium, where the availability of opener Yashasvi Jaiswal provides a significant lift. Chandigarh, meanwhile, face a steep challenge against a side that remains formidable at home and intent on setting the tone early.

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Startups & Venture CapitalBreaking
12 Oct 2026, 12:17 PM IST

OTPless Appoints Ex-BharatPe Executive Geetanshu Singla as CTO

Identity and access management startup OTPless has appointed former BharatPe executive Geetanshu Singla as its new chief technology officer, a move that signals a sharper push on product engineering and platform scale. The hire comes as the company looks to strengthen its technology leadership in a competitive market where authentication, security, and user experience are becoming central to enterprise adoption.

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Banking, Fintech & InsuranceBreaking
12 Oct 2026, 12:17 PM IST

IIT Bombay Flags UPI MDR Risk, Warns Public Trust Could Be Eroded Without Careful Reform

An IIT Bombay report has warned that the proposed merchant discount rate framework for UPI could damage public confidence if introduced without careful calibration. The study argues that any move to monetise the country’s most widely used digital payments rail must preserve the perception of UPI as a low-friction, public-interest utility rather than a cost burden for users.

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Banking, Fintech & InsuranceBreaking
12 Oct 2026, 12:17 PM IST

PSB Bank Chairman Says Alternative Payment Rails Are Reshaping Cross-Border Finance

Petr Fradkov, chairman of PSB Bank, has described cross-border payments as one of the economy’s most closed and politically sensitive sectors, arguing that new alternative infrastructure is emerging to route transactions outside traditional channels. In an interview with RBC, he outlined how the A7 international payment system operates in a market where conventional international payments are increasingly constrained.

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Banking, Fintech & InsuranceBreaking
12 Oct 2026, 12:17 PM IST

World Bank Flags Automation Risk to 69% of Jobs in India

The World Bank has warned that automation could threaten 69% of jobs in India, underscoring the scale of disruption facing the country’s labour market as artificial intelligence and machine-led systems spread across industries. The warning places India among the most exposed major economies, with the Bank’s cited research also estimating that 77% of jobs in China and 85% in Ethiopia could face similar pressure.

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Banking, Fintech & InsuranceBreaking
12 Oct 2026, 12:17 PM IST

RBI’s Net Short Forward Position Swells to $200 Billion as Dollar Management Pressures Mount

The Reserve Bank of India’s net short forward position rose sharply to $200 billion in August from $136 billion in July, underscoring the scale of intervention and balance-sheet strain in the foreign exchange market. The increase, alongside a rise in long dollar positions, suggests the central bank is still working through a large stock of outstanding commitments as it seeks to manage currency volatility.

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Markets, IPOs & WealthBreaking
12 Oct 2026, 12:17 PM IST

BPCL Shares Hold Market Focus as Investors Weigh Oil, Policy and Demand Signals

Bharat Petroleum Corporation Ltd. remains in sharp market focus as investors assess the interplay between crude oil volatility, domestic fuel demand, and the government’s broader fiscal and energy policy stance. The stock’s live movement is being watched closely for clues on refining margins, earnings resilience, and the outlook for India’s state-owned fuel retailers.

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Banking, Fintech & InsuranceBreaking
12 Oct 2026, 12:38 PM IST

PNB launches festive retail loan campaign with fee waivers, rate cut for home borrowers

Punjab National Bank has rolled out its 2026 festive retail loan campaign, offering concessions across home, car and other retail loans as it seeks to tap seasonal demand for consumer credit. The bank is waiving upfront and processing fees on home loans and car loans, while home loan borrowers will also receive a 5-basis-point interest rate concession.

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Macro Economy & Fiscal PolicyBreaking
12 Oct 2026, 12:38 PM IST

Airlines Press for Release of VAT-Linked ATF Funds as Cash Strain Deepens

Indian airlines are seeking the release of funds tied to value-added tax relief on aviation turbine fuel, arguing that delayed access to these amounts is worsening already tight liquidity. The demand comes as carriers continue to grapple with elevated fuel costs, uneven fare recovery and a fragile post-pandemic balance sheet repair process.

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