A battle is brewing in India’s aviation sector as Air India challenges rival IndiGo’s deepening partnership with Turkish Airlines, citing both commercial disadvantages and geopolitical sensitivities. The dispute centers on IndiGo’s wet lease and codeshare agreements, which Air India claims benefit Turkey disproportionately while undermining India's domestic carriers. The controversy intensifies against the backdrop of deteriorating India-Turkey relations, prompted by Ankara’s vocal support for Pakistan.

Defence Minister Rajnath Singh underscored Pakistan’s ongoing economic turmoil during an address to Army personnel in Srinagar, drawing a vivid contrast between India’s financial resilience and Pakistan’s dependence on international bailouts. Invoking a memorable line from Amitabh Bachchan’s film Kalia, Singh remarked that wherever Pakistan appears, a line of aid seekers invariably follows.

In a decisive move reflecting national solidarity, India’s central trade unions have postponed their planned nationwide general strike from May 20 to July 9, 2025. The deferment follows escalating tensions after the recent terrorist attack in Pahalgam and subsequent military responses, which have reshaped the country’s socio-political landscape. Despite the postponement, unions remain vigilant, citing ongoing labor grievances including unilateral increases in working hours, violations of minimum wage laws, and mass retrenchments, particularly impacting contract workers.

Hospitality and travel-tech giant OYO reported a 20% year-on-year growth in its corporate client base for FY25, adding 3,500 new accounts under its Business Accelerator division. With this addition, OYO now services over 6,500 corporate entities across India, indicating a strong resurgence in business travel following the COVID-19 downturn. The growth is particularly notable in metropolitan markets like Mumbai, Hyderabad, and Pune, which saw the highest influx of new clients.

OpenAI has expanded access to its latest large language models, GPT-4.1 and GPT-4.1 mini, by integrating them directly into the ChatGPT platform. These models, which had previously been limited to API users, are engineered for enhanced coding and web development capabilities, promising improved speed and safety performance. In tandem with this update, the company is phasing out its GPT-4o mini variant from ChatGPT, signaling a shift in strategy focused on optimizing functionality without compromising safety.

Patanjali Foods Ltd reported an impressive 74% year-on-year jump in standalone net profit for the March quarter of FY25, reaching Rs. 358.53 crore, up from Rs. 206.31 crore in the same period last year. The company also posted a 17% increase in total income, which stood at Rs. 9,744.73 crore for the quarter. For the full fiscal year, net profit soared to Rs. 1,301.34 crore, while revenue grew to Rs. 34,289.40 crore.

In a major breakthrough in India’s ongoing counterterrorism operations, the National Investigation Agency (NIA) has arrested two key fugitives connected to a broader Islamic State (ISIS) sleeper cell operating out of Pune. The accused, apprehended at Mumbai International Airport after arriving from Jakarta, had been absconding for over two years in connection with a 2023 case involving the fabrication and testing of improvised explosive devices (IEDs).

Balrampur Chini Mills has posted a solid financial performance for the fourth quarter of FY25, reporting a 12.65% rise in consolidated net profit to Rs. 229.12 crore, up from Rs. 203.38 crore in the same quarter last year. This growth was driven by an increase in total income, which climbed to Rs. 1,513.16 crore, despite higher operating expenses. The results reflect resilience in the face of cost pressures and indicate effective revenue management during a period marked by sectoral volatility.

Welspun Enterprises Ltd (WEL), a key infrastructure player under the Welspun World umbrella, reported a significant 36% increase in its consolidated net profit for the fourth quarter of FY25, reaching Rs. 105.49 crore. This uptick was fueled by a notable rise in revenue, with total income climbing to Rs. 1,075.95 crore, compared to Rs. 866.70 crore in the same quarter last year. On a full-year basis, WEL’s net profit grew by 10.8% year-over-year, supported by higher income from its core operations in water, wastewater, and transport infrastructure development.