Finance ministry has mandated clear sunset clauses and timelines for all centrally sponsored schemes starting April 1, 2026. Ministries must now provide detailed disclosures on scheme performance, expenditure, fund flow, and post creation during appraisals. This move aims to quantify…
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IndiGo, which controls about 65% of the domestic aviation market, cancelled more than 5,000 flights so far this month, triggered by a severe crew shortage following its failure to implement new rest rules for pilots. This left thousands of passengers…
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IndiGo flight cancellations: Civil Aviation Minister K. Ram Mohan Naidu defended the government’s handling of flight disruptions, placing blame on IndiGo for failing to manage its crew and rostering systems. He asserted that the airline’s crisis stemmed from operational lapses,…
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Jefferies updates its India model portfolio for 2026, adding six stocks including Axis Bank, AU Small Finance Bank, BPCL, JSW Energy, Godrej Properties, and SAMIL, while removing ICICI Bank, NTPC, Tata Steel, Crompton Consumer, Belrise, and IndiGo.
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The Bengaluru-based firm has handed pink slips to employees in its sales and marketing teams as increased adoption of artificial intelligence (AI) has led to a slowdown in the company’s growth over the past few quarters, one of the persons…
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IndiGo CEO Pieter Elbers stated in a video message that the airline’s operations are now stable following a wave of disruptions. The airline has faced over 400 cancellations nationwide, affecting major airports including Bengaluru, Chennai, Hyderabad, Thiruvananthapuram, Ahmedabad, and Mumbai,…
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