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Chaos amid Indigo flight cancellations NEW DELHI: India’s largest airline IndiGo is scrambling to restore stability after a week of unprecedented operational chaos sparked by the rollout of revised Flight Duty Time Limitations (FDTL) for pilots. The disruption, which began on December 2, quickly snowballed into one of the worst aviation meltdowns the country has…
US stocks hovered close to record levels on Monday as investors stayed cautious ahead of a key Federal Reserve decision, even as select stocks moved sharply on takeover news and index reshuffles.The S&P 500 was largely flat in early trade and sat about 0.3% below its all-time high set in October, while the Nasdaq Composite…
India’s Unified Payments Interface (UPI) has been recognised as the world’s largest retail real-time payment system by transaction volume, accounting for nearly half of all such transactions globally, the government told Parliament on Monday.Citing an International Monetary Fund (IMF) report titled ‘Growing Retail Digital Payments (The Value of Interoperability)’ dated June 2025, the government said…
IBM on Monday announced a major acquisition to strengthen its artificial intelligence capabilities, agreeing to buy data streaming platform Confluent in a cash deal valued at $11 billion.The US technology major said it has signed a definitive agreement to acquire all issued and outstanding common stock of Confluent Inc. for $31 per share in cash,…
Meesho’s shares are trading at a grey market premium (GMP) of Rs 40–41 apiece ahead of their stock market debut on Wednesday, December 10, signalling an expected upside of about 36% over the issue price.The initial public offering, which opened on December 3 and closed on December 5, has entered the allotment stage, with the…
Public sector banks (PSBs) have written off loans worth Rs 6.15 lakh crore over the last five-and-a-half years, with the exercise aimed at cleaning up balance-sheets rather than waiving borrower liabilities, Parliament was informed on Monday, PTI reported.“As per Reserve Bank of India (RBI) data, PSBs have written-off an aggregate loan amount of Rs 6,15,647…
Shares of InterGlobe Aviation, the parent of IndiGo, remained under heavy pressure on Monday, extending a sharp sell-off that has wiped out more than Rs 37,000 crore in market value in less than a week, as operational turmoil rattled investor confidence.The stock slid as much as 10% to Rs 4,842 during intraday trade, marking its…
Flight disruptions continued on Monday (PTI image) NEW DELHI: IndiGo’s operational crisis entered its seventh consecutive day on Monday, with more than 500 large-scale flight cancellations continuing across major airports, leaving thousands of passengers stranded nationwide.According to the ministry of civil aviation, IndiGo has planned to operate 1,802 flights to 137 of its 138 destinations…
Credit rating agency Moody’s has flagged IndiGo’s recent flight disruptions as credit negative, saying the airline failed to adequately plan for aviation regulations that had been known well in advance. The rating agency said the large-scale cancellations and delays point to significant lapses in planning and operational oversight, even though the revised Flight Duty Time…
As 2025 draws towards its end and December moves into its second week, banks across the country are gearing up for their final stretch of closures for the year. Throughout the month, branches in several regions will shut on different days to observe regional, cultural and other scheduled holidays. This week, starting December 8 to…
