Rupee hits record low of 90: Calculated move by RBI or a sign of losing control?
INDIA BUSINESS | Sun, 7 Dec 2025, 7:50AM IST
As foreign capital flees and imports surge, the RBI abandons its aggressive defense of the currency, betting on a weaker rupee to absorb the shock of U.S. tariffs
Continue reading at The Hindu
18m
ET Exclusive | Biologics merger with Biocon most value-accretive option: Kiran Mazumdar Shaw
INDIA BUSINESS | Sun, 7 Dec 2025, 5:30AM IST
Biocon is fully integrating Biocon Biologics, valuing its biosimilar business at $5.5 billion. This move removes debt concerns and improves financial health. The combined entity will leverage synergies across manufacturing, R&D, and commercial operations. This integration aims to accelerate launches in major markets and unlock significant growth opportunities for the unified global player.
Continue reading at Economic Times
2h
IndiGo flight cancellations spike fares, disrupt international travel
INDIA BUSINESS | Sun, 7 Dec 2025, 5:30AM IST
IndiGo's widespread flight cancellations are driving up international airfares. Passengers like Urvashi face significant disruption and unexpected costs. The airline's international expansion is impacted by pilot shortages and new duty regulations. This situation leaves many travelers stranded and facing financial losses on pre-booked accommodations. The disruptions affect both holidaymakers and those connecting to international carriers.
Continue reading at Economic Times
2h
DGCA sends show-cause notice to IndiGo CEO
INDIA BUSINESS | Sun, 7 Dec 2025, 5:30AM IST
India's civil aviation regulator, the DGCA, has issued a show-cause notice to IndiGo CEO Pieter Elbers. This action follows widespread flight cancellations and passenger disruptions due to an alleged lack of adequate crew. Elbers has 24 hours to provide an explanation for the operational issues.
Continue reading at Economic Times
2h
Chaos in the air: Amid IndiGo turbulence, civil aviation ministry flies in relief
INDIA BUSINESS | Sun, 7 Dec 2025, 5:30AM IST
The ministry directed IndiGo to process refunds immediately and strengthen passenger assistance amid widespread chaos at airports across the country, with reports of delayed communications, stranded baggage, and sudden fare surges on booking platforms. The crisis has intensified scrutiny of airlines crew management and Flight Duty Time Limitation (FDTL) compliance, a framework designed to prevent fatigue among pilots and cabin crew.
Continue reading at Economic Times
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