Will Nifty break past 26,350 for a fresh rally this week?
INDIA MARKET | Mon, 8 Dec 2025, 5:49AM IST
Nifty is expected to continue its uptrend, consolidating near record highs. Analysts suggest buying on dips, with a breakout potentially pushing the index towards 26,500-26,800. IndusInd Bank and PB Fintech are highlighted as top stock picks, with specific buy recommendations and targets.
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DGCA may tell IndiGo to pull back
INDIA NEWS | Mon, 8 Dec 2025, 5:30AM IST
NEW DELHI: The civil aviation regulator may ask IndiGo to cut flight frequencies till February, as the airline battles to resolve a severe pilot shortage that crippled its network, forcing the cancellation of more than 5,000 flights so far in December.IndiGo, which operated about 2,300 flights per day till the crisis struck, could be directed to reduce 300 flights per day for the winter schedule, said people aware of the developments. The winter season runs from the last Sunday of every October till the last Sunday of March. The Centre has, meanwhile, asked Air India and other airlines to add flights and cater to the demand spill that will follow IndiGos reduction. Senior IndiGo officials have been summoned by the Directorate General of Civil Aviation (DGCA) on Monday. More Pilots Likely in 3 MonthsThey are expected to present a detailed plan on how many flights the airline can operate with the current pilot strength.Also Read: DGCA extends deadline for IndiGo CEO Pieter Elbers reply to show-cause notice; warns of action upon failureThey have been asked to provide a road map of their hiring plan, training capabilities and crew scheduling based on which DGCA will take a call, said a senior government official.He added that the government will walk the cautious line as north India is expected to face foggy days from next week, which is expected to cause further flight disruptions and delays.125821212A senior IndiGo official said the carrier would be able to increase the number of available pilots only in the next three months for smoothly operating its full flight schedule. Increasing the number of captains is a complex task for an airline as they undergo months of inflight and on-ground training before being allowed to fly.IndiGo operated around 1,650 flights on Sunday, slightly improving from 1,578 on Saturday, as the airline tries to gradually stabilise its schedule after massive disruptions.Thousands of travellers were stranded at airports across the country in the past five days, causing a nationwide uproar and demands for action against Indias largest airline by market share.Also Read: IndiGo cancels 650 flights as disruptions linger on SundayAlso Read: In cockpit of crisis-hit ministry, Naidu facing high pressure gauge readingMany IndiGo customers complained that the airline had nothing or just a little to get them to their destinations.The carrier blamed the unprecedented debacle on a new set of rest rules for pilots. In its submission to the regulator, it said it had misjudged the increased requirement of pilots due to the new rules. While it required 2,422 captains, it only had 2,357.The new rules were implemented by DGCA in two parts to tackle pilot fatigueone in June and the second phase from November 1, which capped the number of landings a pilot can perform between 12 am and 6 am. The second phase was delayed by the government by a year to allow airlines to plan their crew requirements as they had warned of widespread flight cancellations. Though IndiGo and other airlines lobbied intensely to defer the rules further, the regulator enforced them with only limited relaxations under a Delhi High Court mandate.DGCA has capped airfares which were spiralling following the disruption. A one-way fare for a journey up to 500 km cannot exceed Rs 7,500, whereas for journeys between 1,000 and 1,500 kmsuch as the New Delhi-Mumbai routeshould be capped at Rs 15,000, DGCA said in an order to airlines. Other airlines like Air India, SpiceJet, Akasa Air have been asked to increase their number of flights, the official said. Air India is also operating wide body aircraft on domestic routes to cover up the shortfall.
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Tata Consumer eyes Danone India biz for nutrition on its plate
INDIA BUSINESS | Mon, 8 Dec 2025, 5:30AM IST
Post-pandemic, India has seen a boom in the health food industry, with even dairy giant Amul entering the protein market two years ago. TCPL has ventured into the plant-based meat products industry under the brand Tata Simply Better, with nuggets and burger patties. ITC has introduced plant-based protein products such as burger patties and nuggets, and also launched egg and milk biscuits. Nestl India has collaborated with restaurant chains Social and Boss Burger to introduce a trial launch of Maggi Professional's plant-based offerings.
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In cockpit of crisis-hit ministry, Naidu facing high pressure gauge reading
INDIA BUSINESS | Mon, 8 Dec 2025, 5:30AM IST
Civil Aviation Minister Ram Mohan Naidu is facing criticism following IndiGo's flight cancellations. This comes after a series of aviation incidents during his tenure. The minister has blamed IndiGo for the current chaos. Past events include a terminal roof collapse and an Air India crash. An air traffic control system breakdown also occurred.
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INDIA BUSINESS | Mon, 8 Dec 2025, 5:30AM IST
IndiGo, which operated about 2,300 flights per day till the crisis struck, could be directed to reduce 300 flights per day for the winter schedule, said people aware of the developments. The winter season runs from the last Sunday of every October till the last Sunday of March. The Centre has, meanwhile, asked Air India and other airlines to add flights and cater to the demand spill that will follow IndiGos reduction.
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Short-term debt funds may gain favour amid dovish rate outlook
INDIA MUTUAL FUNDS | Mon, 8 Dec 2025, 5:29AM IST
Investors can now focus on accrual strategies for fixed-income portfolios. The Reserve Bank of India's interest rate outlook suggests lower returns from capital gains. Fund managers recommend short-term and liquid funds for near-term horizons. Longer horizons can consider short-duration and corporate bond strategies. This approach aims to earn returns from interest receipts.
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More Disabled People Can Open Special Savings Accounts. Do You Qualify?
GLOBAL NEWS | Mon, 8 Dec 2025, 2:15AM IST
Starting next year, people who became disabled by age 46 will be eligible for ABLE accounts. The accounts have been slow to catch on, partly because the current age limit is 26.
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'Luxe housing sees demand & supply surge beyond metros'
INDIA BUSINESS | Mon, 8 Dec 2025, 12:29AM IST
The luxury housing landscape in India is flourishing, as the dynamics of supply and demand expand into non-traditional regions. Luxury properties now make up 27% of the market, fueled by a craving for high-end design and outstanding amenities. Emerging hotspots for luxury living are booming, successfully closing the price gap with their more established counterparts.
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Bajaj Finserv plans foray into pension, wealth management in '26
INDIA BUSINESS | Mon, 8 Dec 2025, 12:26AM IST
Next year, Bajaj Finserv is paving the way for a dynamic foray into pensions and wealth management, setting the stage for a robust financial future. With ambitions to list its insurance arms in the next four to five years, this strategy is a cornerstone of their ambitious five-year roadmap aimed at tripling revenue by FY30.
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Banks unlikely to reduce deposit rates despite RBI easing
INDIA BUSINESS | Mon, 8 Dec 2025, 12:22AM IST
Following the latest repo rate decrease, bankers foresee only slight adjustments to deposit rates. The landscape, characterized by sluggish savings yields and elevated credit-deposit ratios, restricts deeper cuts. Consequently, banks will experience continued margin pressure in the near term. However, a turnaround in profitability is anticipated later this fiscal year.
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Banks unlikely to reduce deposit rates
INDIA NEWS | Mon, 8 Dec 2025, 12:22AM IST
Mumbai: A sharp drop in deposit rates, competition from other investment avenues, and a high credit-deposit (CD) ratio is likely to limit scope for further reduction in deposit rates, said bank executives.Bankers expect only a 10-to-15 basis points reduction in deposit rates following the 25 basis points reduction in the repo rate by the central bank last week.Inability to pass on rate cuts fully will delay improvement in bank margins, according to bankers. One basis point is 0.01 percentage point.125821080 The weighted average deposit rate on fresh term deposits has fallen 98 basis points to 5.57% since the current rate-cutting cycle began in February. With the latest 25 basis-point cut by the Reserve Bank of India (RBI), the benchmark repo rate is now down by 125 basis points.However, bankers say further deposit rate cuts will be limited."Banks will not be able to pass on the full extent of this cut because we are probably at near lows with savings bank rate at 2.50% to 2.75%," said Binod Kumar, chief executive officer at Indian Bank. "Credit deposit ratio is also high at around 80%, and with intense competition for savers funds from other avenues like mutual funds, deposit rates especially in the flagship one-to-two-year bucket should not come down by more than 10 basis points."Banks' CD ratio crossed the 80% mark in October, RBI data showed, underscoring challenges for banks to tap fresh deposits even as credit growth picked up in the second half of the year.Bankers acknowledged that customer behaviour has changed and any sharp cut in deposit rates could have long-term implications for bank resources as customers will consider other higher yielding investments."Banks are facing competition from other investment avenues for deposits," said Sumit Phakka, deputy managing director, retail at IDBI Bank. "The limited transition in deposit rates means that bank margins which were on the mend will remain under pressure for some more time as banks adjust their lending rates to the new benchmarks."Analysts say bank net interest margins (NIMs), which were on the mend, will also remain under pressure for longer."The latest cut means margin improvement has been delayed," said Ankit Jain, associate director, India Ratings & Research. "We now expect bank margins to stabilise only by the fourth quarter of the fiscal and improve only from the first quarter of the next fiscal onwards."
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RBI may need to inject further Rs 2 lakh crore to let rates transmit
INDIA MARKET | Mon, 8 Dec 2025, 12:22AM IST
To ensure the recent interest rate reduction truly benefits the economy, the Reserve Bank of India may have to infuse a staggering 1.5 lakh crore into the financial system. This move is seen as vital to offset the liquidity drains caused by advance tax payments and possible forex market interventions.
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IndiGo puts in place crisis management team
INDIA BUSINESS | Mon, 8 Dec 2025, 12:21AM IST
IndiGo has established a crisis management group, including its chairman and CEO, to address widespread flight cancellations and delays. This action follows a severe pilot shortage and operational issues that have stranded thousands of passengers. The board is actively involved, holding frequent meetings to stabilize the airline's network during this high-travel period.
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Call of duty infuses fresh energy into local gear makers
INDIA BUSINESS | Mon, 8 Dec 2025, 12:15AM IST
Construction equipment makers are experiencing a surge in government orders for border infrastructure projects, driven by heightened geopolitical tensions and import substitution efforts. Companies like JCB India and Action Construction Equipment are supplying critical machinery to the defence ministry and Border Roads Organisation, significantly boosting their revenue streams and local manufacturing capabilities.
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'India unit centre of brilliance for Reckitt with its brands reaching 10 million stores'
INDIA BUSINESS | Mon, 8 Dec 2025, 12:10AM IST
Celebrating India as a 'nucleus of excellence,' Reckitt Benckiser reveals that its brands have made their way to a remarkable 10 million stores across the nation. The firm highlights the vital role of offline retail in its operations, with 85% of FMCG sales still flowing from smaller neighborhood outlets, contrasted by a growing 15% from the quick commerce sector.
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Don't let airlines bend flight duty rules: Panel told DGCA months ago
INDIA BUSINESS | Mon, 8 Dec 2025, 12:05AM IST
In a report tabled in Parliament, the Standing Committee on Transport, Tourism and Culture cautioned that the aviation sector was approaching a "critical inflection point" due to the mismatch between the rapid growth of aircraft fleets and the slower expansion of pilot and air traffic controller (ATC) manpower.
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Govt tells banks to flag adverse info on top executives
INDIA BUSINESS | Mon, 8 Dec 2025, 12:02AM IST
India's finance ministry is setting a new standard for accountability by instructing state-run banks to swiftly communicate any troubling details regarding their directors and appointees. This move is particularly relevant following the controversial case involving UCO Bank's MD & CEO, who is currently facing a CBI chargesheet.
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Bessent Says He Divested From Soybean Farms After Ethics Office Warning
GLOBAL NEWS | Mon, 8 Dec 2025, 12:00AM IST
The Treasury Secretary said on Sunday he recently shed his holdings to comply with his federal ethics agreement.
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