Indian private lender Axis Bank reported a surprise drop in first-quarter profit on Thursday, as it set aside more funds for potential bad loans and as its lending margin contracted.

India has yet to confirm it officially but this was one of a number of its fighter jets that were lost in a four-day conflict with Pakistan in May. The Indian government disputes Pakistan’s claim to have shot down six warplanes,

The power minister proposed a rule in June requiring air conditioners sold in the country to have thermostats that can be set no lower than 20 Celsius (68 Fahrenheit).

India is confident of meeting its oil needs from alternative sources if Russian supplies are hit by secondary sanctions, Oil Minister Hardeep Singh Puri said on Thursday. Earlier this week, U.S. President Donald Trump warned that countries purchasing Russian exports could face sanctions if Moscow fails to reach a peace agreement with Ukraine within 50 days.

Indians now jet across the country for concerts and cricket matches. “Spiritual tourism” is also in vogue, leading hotels to open in places like Ayodhya, the site of a grand new temple. “Suddenly everybody seems to be on some kind of religious pilgrimage all the time,” says Mr Chhatwal.