Page 1421 - Latest News

With 10% reduction in flights, IndiGo winter schedule at last year's level

IndiGo's winter flight schedule sees a sharp year-on-year increase, but a planned government cap and pilot constraints may force the airline to scale back operations

IndiGo board to hire external specialist to trace root cause of disruption

IndiGo chairman Vikram Singh Mehta dismissed allegations that IndiGo engineered the crisis, tried to influence the government's flight duty time limitation (FDTL) rules

IndiGo trims Q3 capacity, revenue forecast after flight cancellations

The budget airline had scrapped at least 2,000 services last week because of poor pilot roster planning, leaving tens of thousands of passengers stranded

Sebi eases re-KYC norms for NRIs; relaxes geotagging mandate for compliance

Sebi eases re-KYC rules for NRIs as markets fall ahead of the Fed decision, investors pile into Swiggy's share sale, and IPO frenzy continues with strong subscriptions

SIR opposed to keep illegal immigrants on poll rolls, says Amit Shah

Shah attributed the Opposition's protest against the SIR to the incompetence of its leadership to win elections, and not Electronic Voting Machines or 'vote chori (theft)'

OMCs may see rerating as crude stays soft, GRMs strong and LPG losses ease

The next few quarters could favour downstream refiners and marketers over upstream, with Brent expected to stay in a $60-65 range or drift lower, while GRMs remain strong and LPG under-recoveries ease

Banks step up borrowing via CDs amid deposit tightness; raise ₹77,875 cr

Outstanding CD issuance tops record ₹5.7 trn during the period

NBFC vehicle-loan AUM to grow 16-17%, reach ₹11 trillion by FY27: Crisil

NBFCs' vehicle-loan AUM is seen growing 16-17 per cent annually through FY26-FY27 to Rs 11 trillion by March 31, 2027, with used-vehicle loans expected to outpace new loans, Crisil Ratings said

Meesho shares close 53% above issue price on debut; valued at ₹76,814 crore

Meesho shares listed at a 45 per cent premium and ended 53 per cent above the issue price, after its IPO was subscribed 79 times and raised Rs 5,421 crore for growth plans

Inching up: 10-year bond yield rises 14 bps since RBI's 25-bp rate cut

The 10-year benchmark government bond yield has risen 14 bps since the RBI's 25 bps repo rate cut, as traders price in the move as the last of the cycle and foreign investors unwind positions

First-time entrepreneurs making a mark on the market: Raamdeo Agrawal

India is entering a multi-decade wealth creation cycle, says Raamdeo Agrawal, who believes rising financialisation and equity participation will keep Sensex returns structurally strong

Bank of India raises ₹2,500 crore in tier II bonds at 7.28% cut-off

Bank of India raised Rs 2,500 crore via 10-year tier II bonds at a 7.28 per cent cut-off with a call option after five years; HUDCO raised Rs 1,905 crore via seven-year bonds at 6.98 per cent

Datanomics: Brics, SCO gain ground, but G7 holds the edge in GDP and trade

Putin questioned G7's economic dominance, as new data shows BRICS and SCO nations overtaking the bloc in global GDP share under purchasing power metrics

Don't be fazed by one-year return; ELSS long-term record is robust

Choose them for their strong wealth creation potential and short lock-in period, especially if you remain on the old tax regime, but don't judge them on past-year returns alone

How to play the capital market theme? Analysts prefer Exchanges over AMCs

Capital market stocks to buy in India: Analysts prefer exchanges and intermediaries over AMCs citing strong operating leverage, rising retail participation, record SIP inflows

How consistent is IMF's exchange rate regime classification, data adequacy?

When seen historically, India's exchange rate arrangement, both de-facto and de-jure, was floating from 1999 to 2022 (independent, managed, and floating)

Saviynt raises $700 mn Series B at about $3 bn valuation; KKR leads round

Saviynt has raised $700 million in Series B funding at a $3 billion valuation, led by KKR, to speed up product development, AI capabilities and deeper integration with hyperscalers, software platforms

What does the sale of Warner Bros to Netflix or Paramount mean for India?

A potential Netflix-Warner Bros merger could shake up India's streaming lineup, threatening Hollywood favourites on rivals like JioHotstar and Amazon Prime Video

JSW Paints completes majority buy in Akzo Nobel India; stake at 61.2%

JSW Paints has completed the acquisition of 60.76% in Akzo Nobel India from Akzo Nobel N.V. and affiliates, taking its holding to 61.2% after buying an additional 0.44% via an open offer

Musk's SpaceX to raise over $25 billion, plans IPO in 2026: Report

SpaceX has started discussions with banks about launching the offering around June or July, the person said, requesting anonymity to discuss confidential information