Campbell Wilson has resigned as Air India CEO with reports saying that Air India is expected to post Rs 20,000 crore losses in FY26 Business Today. His term was supposed to end in July 2027. He's out 15 months early.

There's been a fatal crash. Repeated safety violations. The airline's burning cash on longer routes because of Middle East airspace closures and the highest ATF prices globally. A few weeks ago, IndiGo's CEO Pieter Elbers resigned too after the airline cancelled more than 5,000 flights in December, stranding nearly six lakh passengers. Willie Walsh is replacing him in August. India's aviation sector is on fire. And not in a good way.

India's indigenously developed 500 MWe Prototype Fast Breeder Reactor at Kalpakkam attained first criticality on April 6, 2026, at 20:26 IST, and India is expected to become the second country after Russia to operate a commercial-scale fast breeder reactor The Defense News.

This is massive. What's a breeder reactor? It produces more fuel than it consumes. It converts uranium-238 into plutonium-239. India hosts roughly a quarter of the world's thorium. India's nuclear capacity is 8.8 GW. The target is 100 GW by 2047. This reactor is Stage II of a three-stage program that will eventually use thorium. If it works, India's energy self-sufficiency problem gets solved for 60,000 years.

Trump warned in a Truth Social post Tuesday that "a whole civilization will die tonight" as the deadline nears for an agreement on a ceasefire in the war with Iran, with the president announcing 8 p.m. ET Tuesday as the final deadline for Iran to reopen the Strait of Hormuz, a vital shipping route that about a fifth of the world's oil and natural gas usually passes through NBC News.

That's 5:30am IST today. He's threatening to destroy every bridge and power plant in Iran. India's already issued travel advisories. About 8,000 Indian citizens live in Iran. The rupee's at 93. Oil's at $113. And India just bought Iranian oil for the first time in 7 years because supply chains matter more than alliances now.

India's biggest bank had about $5 billion of bets against the rupee that were impacted by the regulator's crackdown on potential speculators, with State Bank of India estimating losses of about 3 billion rupees ($32 million) from the forced unwinding of these trades Bloomberg.

India's beloved state-owned bank was betting against its own currency. The RBI capped banks' daily onshore currency positions at $100 million on March 28. Then banned non-deliverable forwards entirely on April 2. The rupee's fallen 4% since the Iran war started. Foreign investors pulled $12 billion from equities. The RBI's burned through $30 billion in reserves trying to defend the currency. And the country's largest bank was on the other side of that trade.

Mahindra closed the podium, growing 22.2% and securing a 14.1% share Focus2Move in FY26. Overtook Hyundai to become India's second-largest carmaker by retail sales. Maruti's still #1 with 38.4%. Pure-play SUV strategy. Scorpio-N, XUV700, Thar.

No sedans. No hatchbacks. Just SUVs. And it's working. Mahindra's market share jumped from 12.42% to 13.42%. Hyundai's fell from 13.48% to 12.29%. This is the highest growth for an Indian manufacturer in years. Mahindra took Hyundai's share and ran with it.

India's gold imports rose 28.73 per cent to $69 billion during April-February 2025-26, pushing the country's trade deficit to $310.60 billion during the 11-months compared to $261.80 billion a year earlier Business Standard.

Gold now accounts for over 5% of India's total imports. India doesn't produce gold. Every gram is imported. Mostly from Switzerland, UAE, and South Africa.

It's jewelry demand. Weddings. Festivals. But here's the thing: gold doesn't produce anything. It sits. It stores value.

And every dollar spent on gold is a dollar that leaves the economy and doesn't come back.

The rupee's weak. Oil's expensive. The current account deficit is widening.

And India's spending $69 billion on gold.