Vedanta to Split into Six Entities, Aims for $ 10 bn EBITDA

Air India Ends Full-Service Flights at Imphal Airport

Air India officially ceased its full-service operations at Imphal International Airport on 16 June 2025, marking the end of an era that spanned decades. The decision follows a strategic shift in route optimisation across the airline’s network. While the national carrier departs, its low-cost subsidiary, Air India Express, will gradually assume operations on routes previously served by the full-service airline, subject to market demand.Officials clarified that this move is unrelated to recent security incidents or technical faults affecting airlines. Instead, it forms part of a broader restru..

Auto Sales Show Steady Growth in May 2025

India’s automobile sector demonstrated steady growth in May 2025, with total production and domestic sales showing modest gains across key segments.Overall vehicle production—including passenger, three‑wheelers, two‑wheelers, and quadricycles—reached 2.58 million units, marking a year‑on‑year rise of 5.2 per cent. Domestic sales across these categories totalled around 2.01 million units, up 1.8 per cent compared to May 2024.Passenger Vehicles (PVs)Passenger vehicle dispatches to dealers remained nearly flat at 344,656 units, reflecting a marginal decline of 0.8 per cent from the ..

JLR Cuts FY26 EBIT Margin to 5–7% Amid US Tariff Pressure

Jaguar Land Rover (JLR), the UK‑based luxury carmaker owned by Tata Motors, has lowered its forecast for fiscal 2026 earnings before interest and taxes (EBIT) to 5–7 per cent, down from a target of 10 per cent, and compared with 8.5 per cent delivered in FY25. The revision is attributed to multiple pressures including anticipated increases in US tariffs on foreign‑built vehicles, shifts in product mix, and elevated capital expenditure.JLR also projects near‑zero free cash flow for FY26, signalling a tight financial outlook. The optimism for FY27, however, remains intact, with expectati..