Indigo Fined Rs 22.2 Crore by DGCA for Flight Cancellations
DGCA imposes a hefty fine of Rs 22.2 crore on Indigo for mass flight cancellations and disruptions in December, averaging Rs 3 lakh per day over 68 days.
Category : Business
DGCA Fines IndiGo Rs 22 Crore for Flight Disruptions
India's aviation regulator DGCA imposes a Rs 22 crore penalty on IndiGo for widespread flight disruptions in December 2025, citing operational failures and passenger inconvenience.
DGCA fines IndiGo Rs 22.2 crore for flight disruptions
India's aviation regulator DGCA imposes Rs 22.2 crore penalty on IndiGo after reviewing operational lapses that caused widespread passenger inconvenience in December.
Google, Reliance Invest Billions in Karnataka Projects
Karnataka government announces fresh investments worth Rs 1.53 lakh crore from global giants including Google and Reliance, boosting state's tech infrastructure.
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Bicholim Farmers Give Mining Firm One-Month Ultimatum
Farmers from Sarmanas, Mulgao and Poira villages in Bicholim protest mining activities, demanding immediate desilting of farmlands contaminated by mining sludge.
Airline Official Duped of Rs 2.9 Crore by Relationship Manager
A senior airline official in Mumbai lost Rs 2.91 crore over nearly ten years after his relationship manager allegedly forged statements and manipulated his trading account without consent.
India's Exports Under Pressure from US Trade Deal, Oil Purchase Issues
CRISIL warns India's merchandise exports face intensifying pressure due to US trade deal uncertainty and potential tariffs linked to Russian oil purchases, with trade deficit widening to $25 billion.
Maruti Suzuki's Rs 35,000 Crore Sanand Plant to Make 10 Lakh Cars
Maruti Suzuki India Ltd announces a massive Rs 35,000 crore investment for a new manufacturing facility in Sanand, Gujarat. The plant aims to produce 10 lakh cars per year and create significant employment opportunities.
Union Budget 2026: Defence Allocations Under Modi Govt Since 2014
The Union Budget 2026 continues the trend of increased defence spending under the Modi government. This article tracks the growth in defence allocations from 2014 to 2026, highlighting key investments and strategic priorities.
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Kaziranga Elevated Corridor: Key Benefits for Assam
Prime Minister Modi will inaugurate the Kaziranga Elevated Corridor, a Rs 6,950 crore project enhancing connectivity while protecting wildlife in Assam's national park.
Netweb Q3 Profit Jumps 147%, MD Reappointed
Netweb Technologies reports stellar Q3 FY26 results with net profit surging 146.7% to ₹73.3 crore. Operating revenue climbs 141% to ₹804.9 crore. Company reappoints MD and whole-time directors.
Punjab & Sind Bank Q3 Profit Up 19% to ₹336 Crore
State-owned Punjab & Sind Bank reports strong Q3 results with net profit rising 19% to ₹336 crore. Asset quality improves significantly as bad loans decline sharply.
Canada-China EV Deal Marks Global Trade Shift Under Trump
Canada cuts tariffs on Chinese electric vehicles in exchange for lower Chinese duties on farm exports, signaling a major realignment as US allies seek alternatives to Trump's unpredictable trade policies.
Karnataka HC Scraps Bengaluru-Mysuru Corridor Project
The Karnataka High Court has directed the state government to scrap the Bengaluru-Mysuru Infrastructure Corridor project, citing minimal progress since 1995 and extensive litigation.
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NTPC Explores US Thorium Fuel for Nuclear Reactors
India's NTPC partners with US firm CCTE to develop thorium-based ANEEL fuel for Pressurised Heavy Water Reactors, sparking debate over safety and approvals.
Trump's Fed Pressure May Backfire, Delaying Rate Cuts
The Trump administration's push for lower interest rates might actually prevent expected Fed cuts. Markets show little reaction, but housing affordability efforts gain some traction ahead of midterms.
ICICI Bank Q3 Profit Falls 4% as Provisions Surge
ICICI Bank reports a 4.02% year-on-year decline in net profit to Rs 11,317.9 crore for December quarter 2025, impacted by higher provisions despite steady core operations.
Middle Class Dreams: Joining the Rich, Not Taxing
A debate on taxing the wealthy intensifies as economists like Piketty push for higher taxes, while figures like Jeff Bezos argue entrepreneurs create wealth for others.
Odisha Approves 75 Housing Projects for 6,871 Units
Odisha Urban Housing Mission secures approval for 75 housing projects across 72 urban bodies, with 6,871 dwelling units under PMAY-U 2.0's Beneficiary Led Construction vertical.
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BDA Implements Town Planning Scheme 8 in Bhubaneswar
Bhubaneswar Development Authority initiates Town Planning Scheme 8 covering 560.81 acres in Andharua and Daspur. The plan avoids land acquisition for systematic urban development.
Indian IT Q3 Results: Profits Down But Recovery Signs Emerge
Major Indian IT companies reported Q3 earnings slightly above expectations. While profits fell due to new labour codes, revenue growth and management commentary suggest the worst may be over for the sector.
HDFC Bank Q3 Profit Up 11.5% to Rs 18,654 Crore
HDFC Bank reports 11.46% rise in Q3 net profit to Rs 18,653.75 crore, driven by treasury gains and stable asset quality. Loan growth and deposits also show strong performance.
Yes Bank Q3 Profit Jumps 55% to Rs 952 Crore
Yes Bank reports strong Q3 FY26 results with net profit rising 55.4% year-on-year to Rs 952 crore. Asset quality improves as gross NPAs decline to 1.5%.
EPFO UPI Withdrawals for 8 Crore Members by 2026
EPFO subscribers will soon withdraw PF savings directly via UPI to bank accounts, simplifying access and reducing delays for India's 8 crore members.
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UCO Bank Q3 Net Profit Up 15.76% to ₹739.51 Crore
UCO Bank announced its December quarter results, reporting a 15.76% rise in net profit to ₹739.51 crore. Total income increased to ₹7,521.16 crore.
AI Demand and Policy Changes Drive Massive Stock Market Surge
Artificial intelligence demand and Trump-era deregulation are creating parabolic rallies in semiconductor, mining, and banking stocks, with some gaining over 200% in a year.
HDFC Bank Q3 Profit Jumps 12% to Rs 19,807 Crore
HDFC Bank reports strong Q3 results with profit rising 12% to Rs 19,807 crore. Standalone profit increased 11.46% to Rs 18,653.75 crore for October-December period.
Shravan Gupta: Tech-Finance Visionary
Shravan Gupta is transforming the financial landscape by integrating technology with entrepreneurial insight, creating innovative solutions for modern challenges.
Crypto Sector Demands Tax Relief, Clear Rules in Budget
India's cryptocurrency industry urges rationalization of 1% TDS and review of 30% tax on gains in the upcoming Union Budget to boost investor confidence and onshore participation.
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SBI Ends Kolkata GMU Lease, Civil Groups Seek RBI Help
State Bank of India terminates its lease for the Global Markets Unit in Kolkata, giving one month to vacate. Civil society organizations urge RBI to intervene as the bank consolidates operations in Mumbai.
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