The US-carrier Spirit Airlines, known for its budget-friendly fares, has announced that it is ceasing operations effective immediately.

The Union government Centre on Saturday notified 100 per cent Foreign Direct Investment (FDI) in insurance companies under the automatic route, opening the door for greater participation by overseas investors.

India and Tanzania have reinforced their commitment to expanding bilateral trade and economic cooperation, with total trade between the two countries surpassing the $9 billion mark in 2025–26.

India is among six countries, including China and Russia, on the priority watch list in a special report released by the US Trade Rep.

India’s digital payments ecosystem began the financial year on a robust note, with  UPI recording 22.35 billion transactions in April, marking a 25 per cent year-on-year growth.

The Indian equity benchmarks ended the week on a subdued note, weighed down by sustained foreign institutional investor (FII) outflows and a sharp surge in global crude oil prices.