The former RBI governor also said that cyclical lockdown would be devastating for economic activity and diminish credibility.

India needs Rs 65,000 crore to save the poorest and their livelihoods: Rajan

IndiGo cancelled more than 220 flights at Delhi and Mumbai airports on Sunday, as the disruptions entered the sixth day while efforts are on to normalise operations.
The disruptions have resulted in hundreds of flight cancellations and delays in the last few days, causing hardships to thousands of passengers.
Sources said at least 112 flights were cancelled at the Mumbai airport and 109 flights at Delhi airport.
After cancelling approximately 1,600 of its 2,300 daily flights on Friday, the airline saw a reduction in disruptions on Saturday, with cancellations falling to around 800, according to sources.
IndiGo CEO Pieter Elbers and COO and Accountable Manager Porqueras on Saturday received DGCA notices, seeking explanations within 24 hours on the massive flight disruptions.
"The main objective (of operating just 700 flights on Friday) was to reboot the network, systems, and rosters so that we could start afresh today (Saturday) with higher number of flights, improved stability, an

The disruptions have resulted in hundreds of flight cancellations and delays in the last few days, causing hardships to thousands of passengers

Press Trust of India

Home and furnishings company Wakefit Innovations Ltd has mobilised Rs 186 crore from three investors, Steadview Capital, WhiteOak Capital, InfoEdge and Temasek-backed Capital 2B, ahead of its initial share-sale opening for public subscription.
As a part of the transaction, Steadview Capital Mauritius, WhiteOak Capital and Capital 2B collectively purchased 95.57 lakh equity shares at Rs 195 apiece, according to a public announcement by Wakefit.
Individually, Steadview Capital picked up shares worth Rs 101 crore, WhiteOak invested Rs 72 crore, and Capital 2B infused Rs 13 crore.
These shares were purchased from Peak XV Partners, Redwood Trust and Verlinvest SA, and secondary share transfers were completed on December 3 and 4.
Following this round, Wakefit on December 5 collected Rs 580 crore from anchor investors, including HDFC Life Insurance, Bajaj Life Insurance, Prudential Hong Kong, 360 One, Steadview Capital,  Amundi Funds New Silk Road, HDFC Mutual Fund, and Axis Mutual ...

With the anchor allocation completed, Wakefit is now set to launch its ₹1,289-crore initial public offering (IPO), which will open for subscription on December 8

Apple announces 2025 App Store Award winners. Motorola's ultra-thin Edge 70 to launch soon. HMD 100 and 101 phone. Samsung First Look event on Jan 4. Microsoft Store Awards. Gemini 3 Deep Think

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India's DPDP Act has prompted firms to reassess cyber and D&O liability limits, lifting enquiries but not yet translating into a surge in purchases

From deadly heatwaves and massive floods to powerful quakes and cyclones, 2025 witnessed severe natural disasters across the globe

Delhi's air quality remained in the 'very poor' category as dense smog blanketed the city, while a cold wave swept through north India. Pollution levels surged, with several hotspots crossing the 300

Healthcare industry body NATHEALTH has asked the government to increase public spending on healthcare to over 2.5 per cent of GDP with urgent action to tackle non-communicable diseases, including tax deductions of up to Rs 10,000 on individuals for preventive health check-ups.
In its pre-Budget recommendations to the government, NATHEALTH said it outlined a roadmap to strengthen healthcare delivery, foster innovation, and expand insurance and preventive coverage.
The recommendations call for a balanced mix of fiscal support, structural reforms, and public-private collaboration to build a robust, future-ready health system, it said in a statement.
In its recommendations, NATHEALTH asked the sector to be declared 'core infrastructure' and create a healthcare infrastructure fund of Rs 50,000 crore, saying currently there is limited access to long-term, lower-cost capital for hospitals and diagnostic networks.
New projects have long gestational periods requiring flexible mid-term ...

In its pre-Budget recommendations to the government, NATHEALTH said it outlined a roadmap to strengthen healthcare delivery, foster innovation, and expand insurance and preventive coverage

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India needs Rs 65,000 crore to save the poorest and their livelihoods: Rajan

The former RBI governor also said that cyclical lockdown would be devastating for economic activity and diminish credibility.

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