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…
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…
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…
US President Donald Trump is once again floating the idea that tariffs could one day replace federal income taxes in the United States, reviving a proposal that has been the focus of his economic approach since the 2024 presidential campaign.Trump claims that the revenue generated from tariffs is rising fast enough to eventually eliminate the…
Banks across the Asia–Pacific region are displaying stronger capital health than lenders in the United States and Western Europe, Moody’s said in its latest survey. The agency’s comparison of the largest banking institutions across major markets shows Asia–Pacific banks have accumulated strong capital levels under what it describes as tighter and more cautious regulatory oversight.The…
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…
Gold prices inched up to Rs 1,30,638 per 10 grams on Monday, even as silver futures slipped to Rs 1,82,600 per kg, with investors turning cautious ahead of the US Federal Reserve’s final policy meeting of the year. On the Multi Commodity Exchange (MCX), February 2026 gold futures rose by Rs 176, or 0.13%, to…
ICICI Prudential Asset Management Company on Monday set the price band for its much-awaited public issue, putting a valuation of about Rs 1.07 lakh crore on the fund house as it prepares to tap the capital markets later this week.The Rs 10,602-crore initial public offering will open for subscription on December 12 and close on…
India’s defence aviation is set for a major boost, as Tata Advanced Systems and Lockheed Martin begin a dedicated Maintenance, Repair and Overhaul (MRO) facility for the C-130J Super Hercules aircraft. The groundbreaking, that took place in Bengaluru on Monday, marks the latest expansion in the two companies’ long-running industrial ties.The ceremony was attended by…
Gold traded near multi-week highs through last week as expectations of a Fed rate cut continued to firm. (AI image) Gold price prediction today: Gold prices are expected to be driven by US Federal Reserve’s policy decision and comments by the Fed Chair, says Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial Services…
