Page 15 - Notifications

A near one-horse race in domestic skies as IndiGo holds 65.6% share

Globally normal? Not quite. From the US to China and Brazil, no single carrier enjoys the scale IndiGo commands at home

With 2 airlines in command, market concentration in aviation skyrockets

The Herfindahl-Hirschman Index (HHI) in the sector is up by 1800 points in the last decade to record high of 4500 in FY25

DGCA issues show cause notice to IndiGo CEO Elbers on flight disruptions

Aviation watchdog DGCA on Saturday issued a show cause notice to IndiGo CEO Pieter Elbers seeking an explanation for the massive flight disruptions, according to sources. For five days in a row, IndiGo has seen significant flight disruptions with hundreds of flight cancellations and delays, causing hardships to thousands of passengers. In the notice, the regulator said the large-scale operational failures indicate significant lapses in planning, oversight and resource management, the sources said. "... as the CEO, you are responsible for ensuring effective management of the airline but you have failed in your duty to ensure timely arrangements for conduct of reliable operations and the availability of requisite facilities to the passengers," the notice read. The Directorate General of Civil Aviation (DGCA) has also asked Elbers to reply within 24 hours. The notice also mentioned that the primary cause of the flight disruptions is non-provisioning of adequate arrangements to cater

DGCA panel to review disruptions as IndiGo says 95% connectivity restored

According to airport data accessed on Saturday, several major hubs reported significant cancellations by IndiGo. Hyderabad Airport recorded 69 planned cancellations

Indian, US investigators to meet in Washington next week on Air India crash

The Indian investigators plan to share their findings, including any information gleaned from the plane's cockpit voice and flight data recorders, according to a person familiar with the meeting

Air pollution a legacy problem we inherited, says Delhi CM Rekha Gupta

Calling the national capital's air pollution woes a legacy problem, Delhi Chief Minister Rekha Gupta on Saturday assured that her government has been actively working for the past 10 months to address these issues. Speaking at the Hindustan Times Leadership Summit, Gupta highlighted that issues like pollution, garbage mountains, and broken roads were legacy issues and her government is working to tackle them through sustained efforts. She also referred to the clean-up of the Yamuna river as a "big project", stating that her administration is working daily to rejuvenate it. The rapid population growth in Delhi and the exponential increase in vehicles have contributed to rising pollution levels, Gupta pointed out, adding that several factors, including dust, vehicular emissions, and open burning, contribute to the pollution crisis. "It also matters what steps were taken by the previous government. Our government has taken all the steps needed to tackle pollution, which were not taken

Travel operators offer 100% refunds amid Indigo flight cancellations

Leading travel operators increase customer support; MoCA invokes regulatory powers to ensure fair and reasonable fares charged by other airlines across all affected routes during the crisis

IndiGo flight disruptions: Govt imposes caps amid surge in ticket prices

The government on Saturday capped the airfares in the range of Rs 7,500 to Rs 18,000 depending on the distance amid soaring air ticket prices due to the IndiGo flight disruptions. The fare limits, excluding applicable charges, are not applicable for business class and UDAN flights, the civil aviation ministry said in an order. However, the order did not provide clarity on whether the caps are applicable for economy class tickets or both economy and premium economy class tickets. Under the limits, for a flight flying up to 500 kilometres, the fares are capped at Rs 7,500 and for 500-1,000 kilometres, the ticket price cap is Rs 12,000. For flights operating 1,000-1,500 kilometres, the fares are limited at Rs 15,000 and for above, 1,500 kilometres, the cap is Rs 18,000. The cap means that for a Delhi-Mumbai flight, which is covered in a distance of over 1,300 kilometres, the fare for at least the economy class is capped at Rs 18,000. The limits will be in place till the situation ..

Nearly 35 IndiGo flights cancelled at Ahmedabad airport as chaos continues

As many as 35 flights of IndiGo scheduled for departure from the Sardar Vallabhbhai Patel International Airport in Ahmedabad were cancelled on Saturday, escalating the woes of stranded passengers hit by the double whammy of travel uncertainty and alleged lack of basic facilities. Similar scenes were witnessed at the Vadodara airport, where three flights scheduled for departure were cancelled by IndiGo Airlines, which has been struggling to restore flight operations that had been in disarray for the last five days. In a partial relief for passengers travelling from the Rajkot airport, only one IndiGo flight -- for Mumbai -- was cancelled, while seven flights for Delhi, Mumbai, Goa, Hyderabad and Bengaluru operated, officials said. An Ahmedabad Airport official stated that a total of 72 6E flights of IndiGo Airlines, scheduled for arrival and departure between 12:01 am and 11:59 pm, were cancelled on Saturday, including 35 departure and 37 arrival flights. Six flights, including thre

Air India, AI Express look to add capacity amid IndiGo flight disruptions

Air India Group is looking to add capacity to help passengers impacted by the IndiGo flight disruptions. "Since 4 December, economy class airfares on non-stop domestic flights have been proactively capped to prevent the usual demand-and-supply mechanism being applied by revenue management systems," a statement said on Saturday. Both Air India and Air India Express have put in place caps on economy class fares. The statement from Air India came hours after the government announced introduction of airfare caps amid IndiGo flight disruptions. Air India also said it is not technically possible to cap fares for all flight permutations. "Air India and Air India Express are seeking to add capacity to help travellers and their baggage reach their destinations as quickly as possible," the statement said.

What are India's pilot safety rules that hit IndiGo operations, air travel?

The new regulations, first proposed in early 2024, were implemented in two phases this year, with the latest implementation date of November 1

Advent's $1 bn deal talks for Whirlpool India collapse due to disagreements

Advent had emerged as the frontrunner to acquire a 31 per cent stake in Whirlpool of India from Whirlpool Corp, which would have triggered a mandatory open offer to acquire a majority stake

India-Russia ties among steadiest globally: Jaishankar after Putin's visit

The India-Russia partnership has been among the "steadiest big relationships" in the last 70-80 years and President Vladimir Putin's visit to New Delhi was about "reimagining" the ties with a focus on economic engagement, External Affairs Minister S Jaishankar said on Saturday. In an interactive session, he also disagreed with views that Putin's visit could complicate India's negotiations with the US on a bilateral trade agreement. "No, I disagree with you. I think everybody knows that India has relations with all the major countries in the world," Jaishankar said at the Hindustan Times Leadership Summit. "I think for any country to expect to have a veto or a say in how we develop our relations with others is not a reasonable proposition." Jaishankar was asked if Putin's two-day visit to New Delhi that focused largely on significantly enhancing the economic dimension of India-Russia ties will have a bearing on the negotiations with the US for the proposed trade deal. "Because ...

IndiGo crisis: Govt asks airline to complete refund by Dec 7, other updates

After a week of disruptions, Indigo says operations are gradually stabilising and cancellations may drop below 1,000 today; passengers have been offered full waiver on cancellations and rescheduling

IndiGo crisis prompts Centre to enforce fare caps on major routes

Ministry of Civil Aviation caps fares after IndiGo's disruptions send prices soaring, warning airlines against exploiting stranded travellers and promising action in case of violations

Biocon to make Biocon Biologics a wholly owned subsidiary in $5.5 bn deal

Biocon Biologics Chief Executive Shreehas Tambe will become CEO and managing director of the combined entity post-integration

Putin's India visit 'result of Trump's gross incompetence': Ex-US official

Michael Rubin further said that the US is being "hypocritical" by "lecturing" India on its purchase of discounted oil from Russia, as Washington itself is involved in trade with Moscow

Russia's vital oil trade with India falls for now, but is far from over

By contrast, oil cargoes arriving in India from Russia next month could fall as far as 600,000 barrels a day, the weakest level since early 2022

Govt grounds new pilot rest rules for 2 months as IndiGo crisis deepens

India suspends new pilot duty-time rules to stabilise IndiGo after massive cancellations, as government launches inquiry and expects normal operations within 3 days

Narendra Modi, Vladimir Putin chart path to $100 billion trade in 5 years

Deals on labour mobility, plan for 2nd Russia-backed N-plant

Apple, Google issue fresh global alerts over state-backed cyber threats

Apple and the Alphabet-owned Google are two of several tech companies that regularly issue warnings to users when they determine they may have been targeted by state-backed hackers

India-US trade talks: Deputy USTR to lead team to India next week

Assistant USTR and the Chief Negotiator of the proposed India-US Bilateral Trade Agreement (BTA) negotiations Brendan Lynch, along with other senior officials from USTR

IndiGo flight cancellation: Use fall to buy for the long term, say analysts

IndiGo share price has corrected sharply amid mass flight cancellations. Analysts say the dip may offer a long-term entry opportunity despite near-term volatility

RBI responded to economic data; markets to remain range-bound: Analysts

Besides cutting interest rates by 25 bps, the RBI also revised its GDP growth forecast for fiscal 2025-26 (FY26) upward to 7.3 per cent from the current estimate of 6.8 per cent

IndiGo crisis sends fares spiralling, Delhi routes cross ₹1 lakh threshold

Stranded flyers face brunt of IndiGo turmoil: Following flight cancellations, airfares of Air India, Akasa, Spicejet rise exponentially, dealing a double blow

RBI brings early Christmas: Room left for another 25-bps rate cut

If inflation undershoots RBI projections and growth faces roadblocks from trade barriers and geopolitics, another 25-bps rate cut will not be a surprise

Inside India's new wedding wonderland: Couples reinvent the big day

From wine-reading stations to Interstellar sangeets, couples are reimagining their big day to make it personalised, immersive

Saudi Arabia cuts crude rates as India buys more oil from the US, Russia

Saudi Arabia is offering more competitive rates amid widening discounts of $5-7 per barrel offered on Russian Urals barrels and a surge in purchases of US crude oil by India

Kaynes Technology crashes 13%, hits eight-month low; brokerages cautious

In the past one month, Kaynes Tech stock has tanked 31 per cent as compared to 2.3 per cent rise in the BSE Sensex

IndiGo disruption puts DGCA in focus: What it is and what it actually does

After IndiGo's mass cancellations, DGCA's one-time FDTL exemption has sparked fresh questions about who the regulator is, what it oversees, and how safety rules are drafted and rolled back

India, Russia ink key agreements across energy, labour and health

PM Modi said the friendship between India and Russia has remained steadfast like a 'pole star' over the past eight decades

Stock Market close: Sensex jumps 447 pts, Nifty at 26,186 as investors cheer RBI rate cut

Sensex Today | Stock Market close, Dec 5, 2025: In the broader markets, the Nifty MidCap index gained 0.49 per cent, and the Nifty SmallCap index dropped 0.57 per cent

DGCA relaxes weekly rest rule for pilots as IndiGo crisis deepens

Withdrawal of rules comes a day after IndiGo told the DGCA that the disruptions were caused due to 'misjudgment and planning gaps' in the implementation of the rules

IPO Calendar: D-Street braces for 9 new issues; Meesho, Aequs listings

IPO Calendar: Nephrocare, Park Medi World, Wakefit Innovations, and Corona Remedies, are set to open for subscription, aiming to raise a combined ₹3,735 crore

Who is Avadhut Sathe, finfluencer banned by Sebi for unregistered advisory?

Sebi has barred finfluencer Avadhut Sathe and his trading academy from markets, alleging they ran an unregistered advisory scheme that misled over three lakh investors and earned unlawful gains

BSE Smallcap index hits 6-month low; 94 stocks trade at 52-week lows

Thus far in the calendar year 2025, the BSE Smallcap index has underperformed the market by falling 8%, as against 9% rally in the BSE Sensex and 0.3% decline in the BSE Midcap index.

IndiGo grounds all domestic flights from Delhi till midnight amid chaos

Following the cancellations, passengers at major airports endured long delays and uncertainty as IndiGo struggled to stabilise its network

RBI's ₹1 trn OMO purchase to add liquidity: What is it and why it matters

RBI will inject durable liquidity through a ₹1 trillion OMO purchase and a $5 billion dollar-rupee swap. Here is what OMOs are, how they work, and why they matter as the rupee weakens

Auto, realty, bank stocks gain after RBI MPC cuts repo rate by 25 bps

At 10:25 AM; Nifty Realty and Nifty PSU Bank index were up 1 per cent each, while, Nifty Auto, Nifty Bank and Nifty Financial Services index up in the range of 0.30 per cent to 0.60 per cent.

Up 76% since first RBI rate cut; analysts divided on further rally in banks

Data shows that bank stocks such as RBL Bank, AU Small Finance Bank, Canara Bank, The South Indian Bank and City Union Bank surged over 55 per cent since the RBI first cut repo rate in February 2025.

HUL shares tumble 7% in trade; here's key trigger behind today's fall

The fast-moving consumer goods major HUL had set December 5, 2025, as the record date for the spin-off of its ice cream business (Kwality Wall's)

Green cards, visas at risk as US cuts work-permit validity to 18 months

USCIS will now issue 18-month work permits instead of five-year cards, raising the risk of disruption for green card applicants already stuck in long queues

Simone Tata, former Lakme chair and mother of Noel Tata, passes away at 95

Simone Tata, the mother of Tata Trusts chairman Noel Tata, died at a city hospital on Friday after a brief illness. Simone Tata, the stepmother of the late Ratan Tata, was 95. Simone Tata was associated both with business ventures and philanthropic activities, a statement said. "She will always be remembered for her contribution to the growth of Lakm as India's leading cosmetic brand and laying the foundation for fashion retail with the Westside chain," the statement added. The Switzerland-born Simone also guided the work of many philanthropic organisations, including the Sir Ratan Tata Institute, it said. A positive outlook and a deep resolve helped Simone overcome many challenges in her life, it said. Last respects to Simone can be paid on Saturday morning at the Cathedral of the Holy Name Church in Colaba, followed by a mass at 11 am, the statement said.

RBI MPC cuts repo rate by 25 bps to 5.25%, projects FY26 growth at 7.3%

The RBI MPC revised its inflation forecast downward from 2.6 per cent to 2 per cent in the December meeting

Memory chip prices are soaring: Here's how smartphone prices could be hit

Smartphone buyers face higher costs as memory chip prices surge. Rising DRAM and storage module costs are pushing brands to hike device prices affecting budget and mid-range segments through 2026

Traffic advisory issued in Delhi amid Putin visit: All you need to know

The Delhi police asked commuters to avoid key routes, including Mother Teresa Crescent, Teen Murti Marg, Akbar Road, MLNP, Janpath Road, Firoz Shah Road and Sikandra Road

Apple taps Meta's chief legal officer as general counsel in latest shake-up

The latest reshuffle follows the departure last month of Chief Operating Officer Jeff Williams, long the No 2 to Chief Executive Officer Tim Cook

Pakistan formally appoints Asim Munir as first Chief of Defence Forces

President Asif Ali Zardari on Thursday approved the appointment of the army chief, Field Marshal Asim Munir, as Pakistan's first Chief of Defence Forces for a period of five years. President Zardari approved the summary submitted by Prime Minister Shehbaz Sharif formally asking him to appoint Chief of the Army Staff (COAS) Munir as the first CDF of Pakistan. Last month, the parliament passed the 27th Constitutional Amendment providing to create the post of CDF with the objective to create unity of command and expedite the decision making in any critical situation. The CDF replaced the Chairman, Joint Chiefs of Staff Committee (CJCSC), the post for which was abolished. The President extended his best wishes to Munir, a release from President's office said here. Zardari also approved a two-year extension in the service of Air Chief Marshal Zaheer Ahmad Babar Sidhu, Chief of Air Staff, to take effect from the completion of his present tenure on March 19, 2026. According to a stateme