IndiGo reports Rs 129.8 crore profit for Q3

Insurers and reinsurers that provide coverage of complex risks such as marine, aviation and political violence are likely to face outsized claims as a result of the ongoing Iran conflict, said Moody's Ratings.

New Delhi [India], March 11: In today's rapidly evolving business landscape, a new generation of entrepreneurs is emerging with ideas that go beyond profit to create meaningful impact. These dynamic leaders are not only building successful enterprises but are also redefining industries through innovation, resilience, and purpose-driven strategies. From embracing technology to addressing real-world challenges, they are shaping businesses that contribute to economic growth while delivering value to society.

Mumbai (Maharashtra) [India], March 11: Elitecon International Limited (BSE: 539533), a diversified FMCG enterprise, reported strong financial performance for the quarter ended December 31, 2025, supported by robust growth across revenue and profitability, driven by expanding global trade operations, strategic acquisitions and strengthened FMCG capabilities.

New Delhi [India], March 11: Haveus Aerotech India Limited continues to redefine the aerospace Maintenance, Repair, and Overhaul (MRO) landscape in India, announcing a series of strategic expansions and first-of-their-kind regulatory approvals aimed at bolstering the nation's aviation infrastructure.

The Reserve Bank of India (RBI) has introduced a new set of prudential norms for banks that cap dividend payouts at a maximum of 75 per cent of Profit After Tax (PAT) for most banks, linking profit distribution more closely with capital strength, profitability and regulatory compliance.

According to the press statement released by Indigo, "With immediate effect, Pieter Elbers will be stepping down as InterGlobe Aviation Limited's (IndiGo) CEO. The Board of Directors would like to thank Pieter for his contribution and service to the organization, and wishes him well in his future endeavours." The airline further said that its managing director, Rahul Bhatia, would manage the company in the interim until a replacement is hired.

Taiwan Semiconductor Manufacturing Company (TSMC), the world's largest contract chipmaker, reported a strong rise in net revenue for February, underscoring sustained demand for advanced semiconductors amid a global build-out of artificial intelligence infrastructure.

IDFC FIRST Bank announced on Tuesday that it has paid a net principal amount of Rs 645 crore to settle claims arising from an incident at a single branch in Chandigarh. The final payout is Rs 55 crore higher than the initial principal estimate of Rs 590 crore previously disclosed to stock exchanges.

Chennai (Tamil Nadu) [India], March 10: Indian Foundation for Quality Management (IFQM), an industry-led, Section 8 not-for-profit movement building a Quality brand for India, announced that it will convene its MSME Symposium 2026 with the theme India Needs a Resurgent MSME Sector, on March 20, 2026 at Anna University, Guindy, Chennai. IFQM, led by its Governing Council consisting of industry captains, is committed to enabling Indian organisations to be globally competitive through quality, excellence and innovation initiatives. Registration to the symposium is open through the IFQM website - https://ifqm.org.in/events/ifqm-msme-symposium-2026/.

New Delhi [India], March 9: India's aviation industry is witnessing historic momentum. With rapid airline expansion and the development of new terminals and greenfield airports, the country is entering a transformative phase of aviation growth.