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 23 May 2025 12:39 PM   EconomicTimes

Tata Play powers launch of Philippines' OTT aggregator app Cignal Super

Cignal Super, powered by Tata Play Binge, has officially launched in the Philippines, integrating eight entertainment platforms under one subscription. This collaboration provides Filipino viewers with seamless access to content from MAX, VIU, and others through a unified interface. Tata Play Binge's PaaS model enables Cignal to revolutionize entertainment experiences, marking a significant step in Cignal's evolution.

 23 May 2025 12:14 PM   EconomicTimes

IndiGo pilot contacted Lahore after IAF denied permission to cross international border; DGCA says matter under probe

IndiGo's Delhi-Srinagar flight faced severe turbulence and a hailstorm, prompting a DGCA investigation. The crew's requests to deviate into Pakistani or use the Northern control (IAF) airspace were denied due to weather conditions. The aircraft experienced multiple warnings and autopilot disengagement, with the crew manually flying through the storm, ultimately landing safely in Srinagar with damage to the nose radome.

 23 May 2025 12:14 PM   EconomicTimes

Kanakia Group seeks NLCT nod to demerge real estate arm

Mumbai-based Kanakia Group is planning to demerge its real estate division, Kanakia Spaces Realty Pvt Ltd and Transparent Developers Pvt Ltd, from its other businesses to attract investors and enhance financial flexibility. The group has approached the NCLT for approval, emphasizing that the restructuring will streamline operations and improve access to funding.

 23 May 2025 12:07 PM   EconomicTimes

Paradox of India’s energy transition - Coal phase out or renewables phase in!

India's energy sector faces a paradox, expanding renewable capacity while simultaneously increasing coal production to meet rising electricity demand. Economic factors, technical limitations, and socio-economic considerations hinder an immediate shift away from coal. A balanced approach is crucial, incorporating renewables, modernizing grids, and strategically phasing out older coal plants to ensure a stable and inclusive energy transition.

 23 May 2025 11:52 AM   EconomicTimes

Andaman airspace to be closed for 3 hours tomorrow for high altitude weapon test

The Andaman and Nicobar airspace faced restrictions. This closure, spanning three hours, facilitated a high-altitude weapon test. The tri-services command conducted the exercise. Authorities issued a Notice to Airmen beforehand. Civilian aircraft were restricted during this period. A similar test is scheduled for tomorrow. Such tests are routine for the Andaman and Nicobar Command.

 23 May 2025 11:33 AM   EconomicTimes

BMW India offers price protection on MINI Cooper S imported from UK

BMW India introduces a price protection program for the MINI 3-Door Cooper S. This covers potential duty reductions from the India-UK FTA. Customers buying the car within 180 days will get a refund if prices drop. This offer aims to ease customer concerns about future price changes. The MINI Cooper S is made in Oxford, UK.

 23 May 2025 07:06 AM   EconomicTimes

Tata Play net loss surges 44% to Rs 510 crore in FY25

Tata Play's net loss widened to Rs 510 crore in 2024-25, accompanied by a revenue decline due to a shrinking subscriber base facing competition from DD Free Dish and OTT platforms. Merger talks with Bharti Airtel collapsed, while the company invests in broadband and OTT services to offset DTH losses.

 23 May 2025 05:30 AM   EconomicTimes

Natural diamond still India’s crown jewel: De Beers Group CEO

India has become a key market for natural diamonds, surpassing China. De Beers focuses on India due to the growing preference for natural diamonds over lab-grown ones. The Indian market is expected to double by 2030. De Beers plans increased marketing investments and partnerships in India. While the US market leans towards lab-grown diamonds, India values natural diamonds as heirlooms.

 23 May 2025 05:30 AM   EconomicTimes

From tax suits to tech suites, it’s a Recalibrate@Big4: Tech consultants now take up chunk of top advisory space

India's Big Four accounting firms, traditionally known for audit and tax services, are now dominating technology consulting. Fueled by post-pandemic digital transformation, tech consulting leads in headcount and new hires. This shift marks a significant pivot, with firms like Deloitte and EY dedicating a large portion of their workforce to this rapidly growing sector.

 23 May 2025 05:30 AM   EconomicTimes

As IndiGo planes return, change in fares on horizon

IndiGo plans to reactivate most grounded aircraft by early next year, potentially adding nearly 80 planes to its fleet in FY26. This expansion, doubling the airline's usual annual increase, could ease high airfares caused by aircraft shortages. However, some of the added capacity may be allocated to new international routes, limiting the impact on domestic fares.

 23 May 2025 05:30 AM   EconomicTimes

JSW Steel seeks refund of Bhushan Power and Steel-linked payments

JSW Steel wants its money back. The company has asked banks for a refund related to its Bhushan Power and Steel resolution plan. This follows a Supreme Court decision that ordered BPSL's liquidation. JSW Steel also wants a 60-day delay in the liquidation process. The company is exploring its legal options after the court's ruling.

 23 May 2025 12:32 AM   EconomicTimes

Over two-thirds of urban Indians face financial stress, slowing demand for Oral Care products: Colgate-Palmolive CEO Prabha Narasimhan

Colgate-Palmolive India MD and CEO Prabha Narasimhan said over two-thirds of urban consumers are under financial stress, leading to lower demand for oral care and other FMCG products. Only 30% of urban buyers are continuing with routine purchases, while the rest are delaying household spending.

 23 May 2025 12:30 AM   EconomicTimes

Uniform disciplinary action format at PSBs on the cards

State-run banks are set to implement a unified format and standard operating procedure for disciplinary actions against employees, aiming for consistency across public sector banks. A working group is finalizing the guidelines, potentially effective in June, incorporating best practices and suggestions from an internal committee.

 23 May 2025 12:27 AM   EconomicTimes

FY26 coal production target set at 1.15 billion tonnes

India's coal production target for FY26 is finalized at 1.15 billion tonnes, slightly below the earlier projection but exceeding FY25's output. The coal ministry plans to offer coal linkages to consumers without end-use restrictions, modifying the 2016 auction policy. Three commercial mine auctions are planned for FY26, aiming for 203.4 million tonnes in production and dispatch.

 23 May 2025 12:25 AM   EconomicTimes

Picture clear, Vi revives talks to raise over Rs 22,000 cr

Vodafone Idea has resumed debt-raising talks with banks after the Supreme Court dismissed its plea for a ₹45,000 crore waiver on AGR-related penalties. Lenders were awaiting clarity on the final AGR liability before considering fresh lending of over ₹22,000 crore. The telco plans to invest ₹50,000-₹55,000 crore in capital expenditure through FY28 and has raised ₹26,000 crore via equity.

 23 May 2025 12:23 AM   EconomicTimes

Reliance to bet on affordable FMCG products to tap 60 crore mass consumers

Reliance Industries is expanding its presence in India's fast-moving consumer goods (FMCG) market by focusing on affordable products for around 60 crore mass-market consumers, according to T Krishnakumar, director of Reliance Consumer Products (RCPL). The strategy includes partnering closely with local kirana stores and offering competitive margins to boost distribution.

 23 May 2025 12:23 AM   EconomicTimes

Reliance to bet on affordable FMCG products to tap 600 million mass consumers

Reliance Industries is expanding its presence in India's fast-moving consumer goods (FMCG) market by focusing on affordable products for around 600 million mass-market consumers, according to T Krishnakumar, director of Reliance Consumer Products (RCPL). The strategy includes partnering closely with local kirana stores and offering competitive margins to boost distribution.