SriLankan Airlines Alleges ₹22 Million Fraud by Indian Staff
SriLankan Airlines has accused its Indian employees of defrauding the airline of ₹22 million through fake commissions and kickbacks, prompting an internal investigation.
SriLankan Airlines has accused its Indian employees of defrauding the airline of ₹22 million through fake commissions and kickbacks, prompting an internal investigation.
Indian stock markets likely to remain volatile as US-Iran conflict, falling rupee, crude oil prices, and FII activity weigh on investor sentiment. Key triggers include geopolitics, inflation, and earnings.
The US Federal Reserve is expected to maintain interest rates through 2026 as inflation risks outweigh labour market weakness, according to a report. The decision aims to curb persistent price pressures.
Raay Neo Pharma has launched operations in Lucknow as part of its expansion into Uttar Pradesh and north India, aiming to improve access to affordable medicines in Tier II and III cities.
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RecommendedIGL raises CNG price by Re 1/kg, breaching Rs 80-mark for first time. Second hike in 48 hours. Petrol and diesel also up. Check city-wise rates.
India restricts silver imports to prevent duty arbitrage after raising import taxes on precious metals to 15%, targeting the India-UAE trade agreement loophole.
Indian banks face margin pressure in FY27 from West Asia geopolitical risks and transition to expected credit loss norms, impacting profitability and capital adequacy.
The LPG carrier Symi, carrying 20,000 tonnes of propane and butane, docked at Deendayal Port in Kandla after crossing the Strait of Hormuz, amid ongoing Middle East tensions affecting global energy supplies.
Fuel scarcity in Odisha has impacted livelihoods, with the state government assuring normalisation by Monday due to supply chain constraints and sudden demand spikes.
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RecommendedCNG prices in Delhi NCR have increased again, marking the second hike in 48 hours. Check the latest rates and impact on consumers.
India's demand-side measures may create a $37.8 billion forex buffer as high oil prices pose fiscal risks, according to Brickwork Ratings.
Berkshire Hathaway's new CEO Greg Abel has tripled the stake in Alphabet and sold Amazon shares, breaking Warren Buffett's traditional tech investing rules.
Karnataka private bus fares will rise by 10-20% from May 20. Transport Minister Ramalinga Reddy clarified that only operators with All India Tourist Permits are increasing fares.
India's first privately built military aircraft, the C-295, is ready for rollout from Tata-Airbus facility in Vadodara, marking a milestone in Make in India and Atmanirbhar Bharat initiatives.
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RecommendedState-run power financiers PFC and REC have cleared a merger proposal, with REC to be absorbed into PFC. The share exchange ratio is yet to be finalized, and the merger is targeted for April 1, 2027.
A Delhi court granted pre-arrest bail to Robert Vadra in a money laundering case linked to a Haryana land deal, stating his detention is unnecessary as ED did not arrest him during investigation.
The BBMP's proposed fee for converting A khata to B khata in Bengaluru has not been implemented yet, leaving property owners in limbo.
Rajya Sabha MP Vikramjit Singh Sahney emphasized that all 52 focal points in Punjab need extensive revamp to boost industrial growth and attract investment.
West Bengal government transfers seven highway corridors to NHAI and NHIDCL to boost connectivity in north Bengal, linking Sikkim, Bhutan, and Bangladesh.
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RecommendedA fire at Daga Memorial Govt Women's Hospital in Nagpur endangered 10 newborns. Preliminary inquiry suggests electrical overloading from nearby flyover construction. NHAI denies allegations.
Gokul Dairy announces Rs2/litre hike in cow milk prices from May 21, 2026, citing rising fuel and raw material costs. Buffalo milk prices remain unchanged.
Chennai's public libraries are hosting summer outreach programmes with yoga, board games, and reading sessions to engage children without screen time, attracting over 500 participants.
The National Federation of Cooperative Sugar Factories has requested the central government to lift the ban on sugar exports, citing damage to international trade and domestic stability.
Pune fuel dealers report supply constraints as oil companies ration petrol and diesel amid panic buying and rising demand, with IOCL supplies halved.
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RecommendedAverage warehouse rents in Pune rose 6% in Q1 2026 to Rs 28.5/sqft, driven by manufacturing demand. Transaction volumes fell to 20 lakh sqft due to supply constraints.
The Pune Municipal Corporation will construct a ramp connecting Senapati Bapat Road to the University Chowk flyover, allowing direct access to Baner and Pashan without crossing the busy junction, aiming to reduce traffic delays.
Nearly a decade after its conception, the Chandigarh Industrial Area flyover faces sharp criticism as doubts mount on its ability to ease congestion at one of the city's busiest junctions.
Declining groundwater levels in Indore's industrial belts are pushing factories to rely on external water tankers, increasing costs and disrupting production schedules.
Two separate fire incidents occurred in Indore's industrial zones on Saturday morning, causing extensive damage but no casualties. Firefighters battled blazes at a plastic factory and a cotton scrap warehouse.
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RecommendedVignesh Kumar, 27, a driver for Hitech Cash Management, was arrested for stealing Rs 25 lakh from an ATM replenishment van in Chennai. Police recovered Rs 8 lakh from him.