THE PNEUMETRON INDEX

Business Feed

SECTION TWO · DISPATCHES
SATURDAY, SEPTEMBER 5, 2026
Business

India's Russian Crude Imports Surge to Record High in July

India's reliance on Russian oil reached an unprecedented peak in July, with imports climbing to 2.8 million barrels per day. This shift reflects a sustained strategy to capitalize on discounted energy supplies despite tightening global sanctions.

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Business

Reliance and Rolls-Royce Forge Strategic Alliance for India’s AMCA Engine

Reliance Industries and Rolls-Royce have announced a partnership to develop and manufacture indigenous combat engines for India's Advanced Medium Combat Aircraft. This initiative aims to bolster domestic defense manufacturing and reduce dependence on imports as the 2028 prototype rollout approaches.

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Business

McCann India Secures Integrated Creative Mandate for 3M Consumer Business

McCann India has been appointed as the creative agency of record for 3M’s consumer business in India, signaling a strategic consolidation of the brand's marketing efforts. The partnership aims to unify 3M's creative output across its diverse portfolio of household, office, and automotive products.

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Business

India Weighs Tripling FDI Approval Threshold to Rs 15,000 Crore

The Indian government is considering a significant policy shift to streamline foreign investment by raising the Cabinet approval threshold from Rs 5,000 crore to Rs 15,000 crore. This move aims to reduce bureaucratic friction and accelerate the processing time for large-scale capital inflows.

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Business

Air India Appoints Tewolde Gebremariam as CEO to Lead Transformation

Air India has named veteran aviation executive Tewolde Gebremariam as its new CEO, tasking him with accelerating the airline's ambitious turnaround under Tata Group ownership. This leadership change signals a focus on operational efficiency and aggressive global expansion.

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Business

Air India Pilot Fails Dope Test Following Severe Turbulence Incident

An Air India pilot operating a recent flight from Phuket to Delhi has reportedly failed a mandatory drug test. This development follows a harrowing flight experience where passengers encountered severe turbulence, raising significant questions regarding crew safety standards and regulatory compliance.

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Business

Air India Taps Ethiopian Airlines Veteran Tewolde Gebremariam as New CEO

Air India has officially appointed former Ethiopian Airlines group CEO Tewolde Gebremariam to lead the airline's next phase of transformation. This strategic hire by the Tata Group aims to leverage Gebremariam's proven track record in restructuring legacy carriers to revitalize the Indian flag carrier.

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Business

India’s Service Sector Hits 4.5-Year Low as Growth Momentum Fades

India's services sector experienced its slowest growth in over four years during July 2026, driven by cooling demand and intensifying market competition. While the sector remains in expansion territory, the HSBC India Services PMI indicates a significant deceleration in new business inflows.

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