Kotak warns of ‘return of colonialism’, urges India Inc to bet on innovation and manufacturing

MUMBAI: Uday Kotak on Tuesday warned that the world is “at a very important cusp of the return of global colonialism… in 2026 we are at one such cusp,” drawing parallels between historical imperial expansion and current geopolitical shifts, while urging India Inc to reset its approach to innovation, manufacturing and energy security.Speaking at the…

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DGCA temporarily eases pilot duty norms for long-haul flights, says official

Aviation regulator, Directorate General of Civil Aviation (DGCA), has temporarily eased pilot flight duty time limitation (FDTL) norms for long-haul operations, a senior official said on Tuesday.The move is intended to ensure adequate pilot availability and maintain smooth flight operations, Joint Secretary in the Ministry of Civil Aviation, Asangba Chuba Ao, said during a media…

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Kuwait revenues slip, Iraq exports hit, Saudi gains windfall: How Hormuz blockade is reshaping Gulf oil fortunes

The Middle East conflict, now in its sixth week, continues to send shockwaves across the world. From energy supply disruptions to rising fuel prices, several countries are being forced into emergency measures such as work-from-home policies and cost hikes. Meanwhile, the Gulf region is witnessing a split oil reality! While for some producers, soaring crude…

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12 million barrels of crude! India ramps up Venezuela oil imports to 6-year high amid US-Iran war, Hormuz crisis

India is actively looking to offset supply disruptions from the Middle East caused by the Iran conflict. (AI image) Amid the raging US-Israel-Iran war, India is set to get high volumes of crude oil from Venezuela as the Strait of Hormuz supply disruptions continue. Shipping data quoted by Kpler indicates that over 12 million barrels…

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Air India revises fuel surcharge amid energy crunch; here’s how much more you will pay

Aviation giant Air India group on Tuesday revised its fuel surcharge across domestic and international routes, as Middle East tensions continued to weigh oil supplies across the globe. The move follows the decision by the ministry of petroleum & natural gas and the ministry of civil aviation to cap the increase in domestic aviation turbine…

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Amid US-Iran war, India in talks with Trump administration for Chabahar port sanctions waiver; why it’s important

India had obtained a six-month exemption from US sanctions for the Chabahar Port in October 2025. India’s strategic investment in Iran’s Chabahar Port is back in focus as the sanctions waiver granted by the US comes to an end soon. India is in discussions with both the United States and Iran to protect its strategic…

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