Once completed, the companies will become step-down subsidiaries of JSW Infrastructure. Acquisition gives JSW access to existing rake assets, long-term transport contracts and key Railway operator schemes.
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Officials are scrutinising crew strength and considering further reductions if disruptions persist. The crisis highlights risks of airline dominance and preparedness for new pilot duty rules, impacting IndiGo’s stock significantly.
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From a revamped tax regime to easier TDS rules, a longer tax holiday for startups and clearer capital gains rules, the reforms have touched almost every part of the economy.
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On Monday, Indian stock markets faced a steep decline as the Sensex and Nifty both fell sharply. This downturn came right after two consecutive days of upward momentum, as investors hurried to cash in on their gains. The ongoing selling…
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IndiGo shares have plunged over 16% in six sessions, erasing Rs 37,000 crore in market value as severe operational disruptions and new FDTL norms trigger widespread cancellations. Brokerages have slashed targets citing rising costs and pilot shortages, though some see…
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Aviation Minister Kinjarapu Ram Mohan Naidu stated in Rajya Sabha that the government will take strict action against IndiGo to set an example for other airlines.
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