Category: BUSINESS

  • IndiGo Flight Operations Hit as All Domestic Departures from Delhi Cancelled Till Midnight

    IndiGo Flight Operations Hit as All Domestic Departures from Delhi Cancelled Till Midnight

    New Delhi, December 5, 2025: Airline operations were thrown into major disruption today as IndiGo cancelled all its domestic flights departing from Delhi till midnight. The sudden shutdown left thousands of passengers stranded at the airport, causing long queues, confusion, and widespread travel uncertainty.

    The airline cited operational constraints as the reason for the large-scale cancellations and assured affected passengers of full refunds or free rescheduling options. Airport authorities and airline staff were deployed to manage crowds as travelers scrambled to make alternate arrangements amid the chaos.

  • India’s First 6 GW Solar Ingot–Wafer Plant to Come Up in Anakapalli

    India’s First 6 GW Solar Ingot–Wafer Plant to Come Up in Anakapalli

    Anakapalli, December 5, 2025: Andhra Pradesh is set to host India’s first integrated 6 GW solar ingot–wafer manufacturing plant in Anakapalli district, marking a historic milestone in the country’s renewable energy journey. The project is expected to strengthen domestic solar manufacturing and reduce dependence on imports.

    The mega plant will generate large-scale employment and boost clean energy production in the state. Officials said this project will position Andhra Pradesh as a key player in India’s green energy transformation.

  • Addressing Policy Gaps Could Boost India’s Critical Mineral Production, Experts Say

    Addressing Policy Gaps Could Boost India’s Critical Mineral Production, Experts Say

    New Delhi, December 4, 2025: Industry experts have highlighted that closing policy gaps in mining and regulatory frameworks could significantly enhance India’s production of critical minerals essential for technology and renewable energy sectors. Analysts say that streamlined regulations and better incentives are key to attracting investment and boosting domestic output.

    Officials noted that India, rich in minerals like lithium, cobalt, and rare earths, has the potential to reduce import dependence and strengthen supply chains for batteries and electronics. By updating policies and ensuring efficient implementation, the country could emerge as a global player in the critical minerals market in the coming years.

  • Digi Yatra Scales to 19 Million Users, Aims for 80% Adoption by 2028

    Digi Yatra Scales to 19 Million Users, Aims for 80% Adoption by 2028

    New Delhi, December 4, 2025: The government-backed Digi Yatra facial recognition-based travel system has crossed a major milestone by registering 19 million users across India’s airports. Officials said the steady rise in adoption reflects growing public trust in digital and contactless travel solutions.

    With rapid expansion underway, Digi Yatra now targets 80% passenger adoption by 2028, aligning with India’s vision of smart and seamless air travel. Authorities added that more airports will be integrated into the platform, making check-ins faster, reducing queues, and significantly improving the overall passenger experience.

  • Pincode to Pivot Fully Towards B2B Business Solutions in Strategic Shift

    Pincode to Pivot Fully Towards B2B Business Solutions in Strategic Shift

    Bengaluru, December 4, 2025: Pincode has announced a major strategic shift, stating that it will now focus exclusively on B2B business solutions, moving away from its earlier consumer-facing model. The decision is aimed at strengthening its core capabilities in enterprise services and tapping into the fast-growing business technology market.

    Company officials said the new focus will allow Pincode to offer more tailored, scalable, and efficient digital solutions to businesses across sectors. The move is also expected to improve operational efficiency and long-term profitability, as demand for integrated B2B platforms continues to rise in India’s digital economy.

  • INR vs USD: What It Will Take to Halt and Reverse the Rupee’s Ongoing Slide

    INR vs USD: What It Will Take to Halt and Reverse the Rupee’s Ongoing Slide

    Mumbai | December 4, 2025 — The Indian Rupee continues to face pressure against the US Dollar, driven by a mix of global and domestic factors such as a strong dollar, rising crude oil prices, and foreign fund outflows. Market analysts say the key to reversing the rupee’s depreciation lies in stabilising inflation, improving capital inflows, and managing India’s widening trade deficit amid volatile global economic conditions.

    Experts also point out that sustained foreign direct investment (FDI), robust export growth, and timely intervention by the Reserve Bank of India (RBI) in the forex market will be crucial to restoring confidence in the rupee. Additionally, global cues like US Federal Reserve rate decisions, geopolitical tensions, and global risk appetite will continue to play a decisive role in determining the rupee’s near-term trajectory.

  • IndiGo Shares Slide 3% After Nationwide Operational Disruptions Hit Flights

    IndiGo Shares Slide 3% After Nationwide Operational Disruptions Hit Flights

    New Delhi | December 4, 2025 — IndiGo’s share price fell nearly 3% in early trade on Thursday after the airline faced nationwide operational issues, leading to flight delays and disruptions across multiple airports. The technical glitches triggered concerns among investors about short-term operational stability, dragging the stock lower despite overall resilience in the aviation sector.

    The airline later confirmed that the disruption was caused by a temporary system-related issue and that services were being restored in a phased manner. While the impact was short-lived on ground operations, market experts said such large-scale disruptions tend to immediately reflect on stock sentiment. Investors will now closely watch IndiGo’s recovery measures and system upgrades to prevent future setbacks.

  • India, Russia to Seal 2030 Strategic Economic Roadmap During President Putin’s Visit

    India, Russia to Seal 2030 Strategic Economic Roadmap During President Putin’s Visit

    New Delhi | December 4, 2025 — India and Russia are set to sign a 2030 Strategic Economic Roadmap during the upcoming visit of Russian President Vladimir Putin, marking a major push to deepen long-term bilateral cooperation. The roadmap is expected to focus on boosting trade, investment, technology exchange, and energy partnerships, reinforcing the decades-old strategic relationship between the two nations.

    Officials indicated that the agreement will lay out clear targets for bilateral trade growth, collaboration in defence manufacturing, nuclear energy, mobility, and digital technologies. The proposed framework is also expected to strengthen financial cooperation and alternative payment mechanisms. Analysts view this as a crucial step in future-proofing India-Russia ties amid shifting global economic and geopolitical dynamics.

  • Bank of Russia’s India Office to Strengthen Bilateral Trade and Economic Cooperation

    Bank of Russia’s India Office to Strengthen Bilateral Trade and Economic Cooperation

    New Delhi | December 3, 2025 — The Bank of Russia has announced plans to expand the role of its India office to further enhance trade ties and economic cooperation between the two nations. The move aims to facilitate smoother financial transactions, foster investment opportunities, and strengthen bilateral economic relations amid growing trade volumes.

    Officials from both countries highlighted that the strengthened presence will provide a platform for greater coordination on banking, currency exchange, and trade finance matters. Experts believe this step could boost joint ventures, increase investment flows, and support collaborative projects in sectors such as energy, infrastructure, and technology, reinforcing India-Russia economic partnerships.

  • Gold Import Surge Pushes India’s CAD to 1.3% in Q2 FY26

    Gold Import Surge Pushes India’s CAD to 1.3% in Q2 FY26

    New Delhi | Dec,3, 2025 — India’s Current Account Deficit (CAD) widened to 1.3% of GDP in the second quarter of FY26, largely driven by a sharp rise in gold imports, according to official data released on Friday. The increased demand for gold, fueled by festive buying and investment interest amid global uncertainty, significantly expanded the country’s import bill during the July–September period.

    Despite the widening CAD, economists said the deficit remains within manageable levels due to strong services exports, steady remittances, and robust foreign capital inflows. Officials also maintained that India’s external sector remains resilient, backed by healthy forex reserves. However, experts cautioned that sustained high gold imports and volatile crude oil prices could put pressure on the external balance in the coming quarters.