In an interview, Vibha Padalkar discussed the jury deliberations process, highlighting the collaborative atmosphere. Vibha noted that PWC had done considerable preparation work to facilitate the discussions. Vibha mentioned that Mr. Mariwala, the chairman of the jury, played a balancing role when needed, though such situations were rare. Describing the overall experience, Vibha said there was a lot of camaraderie and bonhomie among the participants. Vibha concluded by saying the entire process was enjoyable.
Sanjiv Mehta, speaking after a jury meeting, discussed the process of selecting award recipients for deserving companies and individuals. He described the jury as fabulous, noting that each member had made significant contributions in their respective fields. Mehta said the discussions were open and thoughtful, and emphasized that such awards inspire many to strive for excellence. He added that the companies and individuals selected by the jury were truly deserving of recognition.
In a decisive move amid a global energy crisis, the Government of India has slashed special additional excise duties on petrol and diesel while removing taxes on Aviation Turbine Fuel (ATF) for domestic flights. The decision aims to ease pressure on oil marketing companies and delay a potential spike in fuel prices triggered by soaring crude oil rates due to escalating tensions in West Asia. Finance Minister Nirmala Sitharaman called it a calibrated step to balance consumer relief and energy security, while Petroleum Minister Hardeep Singh Puri acknowledged the significant fiscal cost. However, the move has rattled markets—bond yields have surged, equities slipped, and the rupee weakened. With Centre stepping in, all eyes are now on states to cut VAT on fuels.
Southern Lebanon faces extensive devastation as military confrontations escalate between Hezbollah and Israeli forces. Over the past 12 hours, six Israeli airstrikes have hit Nabatiyah, including a strike on a gas station, causing widespread destruction in the region. In response, Hezbollah launched eight attacks on the Israeli Defence Forces, marking its highest single-day offensive since the Gaza War began. The report highlights the severe impact on southern Lebanon, with claims of extensive damage to the area. India Today's Ashraf Ghani reported from the affected city in southern Lebanon, documenting the ongoing conflict and its devastating consequences on the region. The escalating violence underscores the intensifying military confrontation along the Lebanon-Israel border.
AMISH MEHTA, reflecting on his experience as a jury member for the deliberations organized by Business Today and PwC, praised the depth of experience and leadership within the panel, which was chaired by Mr. Mariwala. He highlighted the thorough preparation by Business Today and PwC in presenting the nominations for the jury’s consideration. Mehta described the discussions as engaging, saying it was a fabulous conversation with all the co-jury members. After detailed deliberations, the jury ultimately reached a consensus on the names under consideration. He added that it was a pleasure to be part of the jury process.
In a major relief for consumers, the government has stepped in to stabilise fuel prices amid a sharp surge in global crude oil rates. Oil marketing companies (OMCs) were absorbing losses of nearly ₹2,400 crore per day, prompting intervention. The government announced a ₹10 per litre excise duty cut to offset part of these under-recoveries, ensuring that petrol and diesel prices remain unchanged for now. The move prioritises domestic supply over exports, aiming to prevent shortages and protect consumers from global volatility. While the decision may impact fiscal calculations, it provides immediate relief by avoiding a price hike. Compared to several global markets witnessing steep fuel price increases, India has managed to hold the line-for now.
As global crude oil prices remain volatile, questions are rising over how long the government can sustain fuel price stability. Experts point out that while excise duty cuts have helped keep petrol and diesel prices unchanged, further reductions may be limited due to fiscal constraints. The government has so far managed price volatility by adjusting excise duties instead of passing the burden directly to consumers. However, if global tensions persist and oil prices stay elevated, priorities may shift, impacting subsidies and spending. While current measures offer short-term relief and stability, the long-term outlook depends on evolving geopolitical conditions and fiscal capacity. For now, consumers can expect stable pump prices, but uncertainty remains.
SHANTI EKAMBARAM, reflecting on the recent business evaluation process as a jury member, highlighted the positive experience of working with fellow panelists. She praised the quality of data reviewed and noted that the jury discovered many strong companies during the process. She added that the panel engaged in open and thoughtful debates while considering different perspectives, with the chairperson managing the proceedings efficiently. Ekambaram described the overall experience as enjoyable and noted that the high quality of submissions stood out during this year’s evaluations.
Kaku Nakhate, reflecting on her recent jury experience, described it as a great panel with fantastic debates. She highlighted the growing presence of the Indian diaspora globally, noting that as the diaspora continues to expand, there will be many more awards and recognitions in the near future. Nakhate expressed a positive outlook on the discussions within the jury and shared confidence that members of the Indian diaspora will continue to achieve greater success and accolades in the years ahead.
The West Asia war is triggering anxiety in Kerala, where thousands depend on jobs in Gulf nations. Families are now facing uncertainty as travel disruptions and safety concerns grow. In Mattanur, a pregnant woman’s return from Bahrain has been delayed due to the conflict and lack of direct flights. In Kannur, another family fears prolonged separation as plans to reunite collapse. Many NRIs are either stuck abroad or unable to return, raising concerns over livelihoods. Experts warn that if the crisis continues, it could severely impact Kerala’s economy, which relies heavily on remittances, affecting not just families but key sectors like education and healthcare.
HARSH MARIWALA , Chairman of Marriott Co. Ltd. shared his observations from a recent jury meeting, highlighting the preparedness and diversity of the panel. He noted, 'All the jury members were fully prepared.' mariwala emphasized that the jury comprised individuals from various domains, and each member contributed meaningfully to the discussions. He stated that this diversity enabled each jury member to 'add value in their respective domains. According to mariwala , the combination of preparedness and diverse expertise resulted in meaningful discussions and sound decision-making. He expressed satisfaction with the overall quality of deliberations and the decisions reached by the jury panel.
Aam Aadmi Party MP Raghav Chadha has raised serious concerns over the worsening traffic congestion across India’s major cities during a speech in the Rajya Sabha. Highlighting the daily struggles faced by commuters in cities like Delhi, Bengaluru, Mumbai, Kolkata, Chennai and Pune, Chadha described how roads during peak hours resemble parking lots, with people forced to work from their cars and attend meetings as traffic barely moves. Citing data, he pointed out that commuters in Bengaluru alone lose an average of 168 hours annually in traffic, with significant time losses reported across other metros as well. He stressed that this is not merely an inconvenience but a substantial economic burden, leading to reduced productivity, increased fuel consumption, rising pollution levels, and declining quality of life due to stress and frustration. With nearly 25 million new vehicles registered in the country last year—most of them private—Chadha warned that the problem is set to worsen. He urged the government to introduce a comprehensive National Urban Decongestion Mission for major cities, focusing on improved public transport, smart traffic management systems, and a scientific parking policy with a clear action plan. Emphasising the broader economic implications, Chadha stated that unless India’s cities are freed from traffic gridlocks, the nation’s growth ambitions will struggle to shift into the fast lane.
India Today’s Amit Bhardwaj reports from Delhi as the Iran war drives a surge in global oil prices, raising concerns for consumers. In a key move, the Indian government has cut additional excise duty on petrol and diesel to ease pressure on oil companies facing revenue losses. While global prices remain high, retail fuel rates are being stabilised as the government absorbs the impact instead of passing it on to consumers. Authorities have reassured that there is no fuel shortage or crisis, with supplies remaining stable and refineries operating normally. The decision aims to balance economic strain while preventing price shocks at fuel stations.
U.S. President Donald Trump has sharply criticised NATO, accusing the alliance of failing to support Washington during the recent Iran conflict. Speaking at a Cabinet meeting, Trump called NATO a “paper tiger” and questioned whether allies would come to America’s aid in a larger crisis. He claimed the U.S. consistently protects Europe but does not receive the same backing in return. Trump also revealed that some NATO members offered help only after the conflict had largely ended, calling it a failed “test” of the alliance. The remarks add fresh strain to transatlantic ties amid escalating tensions in West Asia and global security concerns.
Prime Minister Narendra Modi is set to inaugurate the much-anticipated Noida International Airport on 28 March 2026, marking a major milestone in India’s aviation and infrastructure growth story. Ahead of the launch, stunning inside visuals of the newly constructed terminal building offer a glimpse into what is set to become a world-class travel hub for the National Capital Region. Located in Jewar, Gautam Buddha Nagar, the airport has been developed as the second international gateway for Delhi NCR, complementing Indira Gandhi International Airport. During his visit, the Prime Minister will undertake a walkthrough of the terminal before formally inaugurating Phase I and addressing a public gathering. The project is expected to significantly enhance regional and international connectivity, reduce congestion at existing airports, and position India as a key global aviation hub. With state-of-the-art infrastructure and ambitious expansion plans, Noida International Airport is poised to play a transformative role in boosting economic growth, trade, and tourism in the region.
Union Finance Minister Nirmala Sitharaman said the government has cut excise duties on petrol and diesel to shield consumers from rising global crude oil prices and ensure adequate fuel supply in the country. Petrol excise duty has been reduced to ₹3 per litre from ₹13, while diesel duty has been cut to nil from ₹10 per litre. The move aims to support oil marketing companies, prevent price hikes for consumers, and maintain fuel availability amid global crisis and West Asia tensions. The government has also raised export duties to ensure domestic supply and avoid shortages of petrol, diesel, crude and ATF across India.
The government’s surprise excise duty cut on fuel aims to cushion inflation and support oil marketing companies, but markets remain under pressure. Arun kejriwal, Market Expert say the move is proactive and driven by the need to protect household budgets as global crude prices stay elevated. However, investor sentiment remains weak, with the Nifty witnessing a sharp decline this month, marking one of the worst performances in recent years. Ongoing geopolitical tensions, supply concerns, and rising energy costs continue to weigh heavily. With F&O expiry approaching and multiple market holidays ahead, uncertainty is expected to persist. While the policy move offers short-term relief, markets are bracing for continued volatility amid global risks.
The Organisation for Economic Co-operation and Development (OECD) has significantly revised its economic outlook for India, raising the FY27 inflation forecast by 170 basis points to 5.1%. The revision is attributed to the global energy crisis, which is expected to spur inflationary pressures. Consequently, the OECD predicts that the Reserve Bank of India (RBI) may raise interest rates as early as April or June. Additionally, India's FY27 GDP growth forecast has been lowered by 10 basis points to 6.1%. Energy expert Narendra Taneja highlighted India's extreme vulnerability, noting an 89% dependence on oil imports and 56% on gas. Taneja expressed particular concern over LPG supply for 340 million consumers, emphasizing that while other compromises are possible, household cooking energy is non-negotiable. He noted that while India is hopeful for the continued functioning of the Strait of Hormuz, the economics of energy will remain a major challenge for the next three to six months, requiring rigorous policy planning to protect consumers and taxpayers.
In a major relief move, the government has cut excise duties and other taxes on petrol, diesel, and jet fuel to cushion the impact of rising global oil prices. The decision comes amid escalating tensions in West Asia and fears of crude prices surging further. The Centre has also reduced customs duty on jet fuel and removed key levies, aiming to ease pressure on oil marketing companies and prevent a sharp spike in retail fuel prices. Narendra Taneja, Energy Expert call it a bold but risky balancing act, as the government absorbs fiscal pressure to protect consumers. However, concerns remain that oil prices could rise again, keeping the outlook uncertain for India’s economy and fuel costs.
As the West Asia war enters day 28, tensions continue to escalate with Iran vowing to fight on, while U.S. troop movements signal a possible expansion of the conflict. In Lebanon, Israeli forces have entered the south, engaging Hezbollah in ground combat and targeting key infrastructure, including bridges over the Litani River. Israel aims to establish a security zone, preventing Hezbollah’s access near its border. Hezbollah has called the move an existential threat, pledging resistance. Satellite images reveal widespread damage, while civilians face displacement and fear. The United Nations has raised alarm, urging restraint and a return to negotiations amid growing humanitarian concerns.
As the West Asia war continues, a surge in donations for Iran is being reported from Kashmir, with nearly ₹18 crore raised so far, largely from the Shia community in Budgam. While many contributions are driven by emotion and solidarity, security agencies have raised concerns over the funding trail. Officials warn that unverified groups and middlemen may be collecting cash, raising risks of money laundering and diversion through hawala networks. Past cases of alleged misuse of public donations have heightened scrutiny. Authorities are urging citizens to use verified channels, cautioning that unregulated contributions could pose legal and security risks.
Vibha Padalkar, Says PWC Did 'Fair Bit Of Homework' For Jury Discussions With Mr. Mariwala
Sanjiv Mehta, Says Awards 'Act As An Inspiration For Many To Strive For Excellence'
Modi Govt Cuts Fuel Duties, ATF Tax Scrapped Amid Oil Shock & Market Jitters
Inside War-Torn Southern Lebanon: 8 Hezbollah Attacks, Israeli Airstrikes Cause Massive Damage
Amish Mehta, Says Jury Reached 'Consensus Across All The Names' After Deliberations
