IndiGo received a tax penalty notice of ₹58.75 crore on December 11 from the Additional Commissioner of CGST, Delhi South Commissionerate, for the financial year 2020-21, the company announced on Friday.

Earlier today, the Directorate General of Civil Aviation (DGCA) suspended four Flight Operations Inspectors (FOI), who are responsible for overseeing airline safety, pilot training & operational compliance.

IndiGo on Thursday announced an additional ₹10,000 travel vouchers to passengers who were “severely impacted” due to the cancellation of flights between December 3 to 5. The crisis-hit airline said the vouchers will be valid for any future IndiGo journey for the next 12 months.

The carrier further said that this payout is in addition to compensation mandated under government rules.

The Indian Rupee weakened to yet another low on Friday, hitting the 90.56 mark against the dollar, pressured by an impasse in a trade deal with the US and the selling of equities by global funds.

The domestic currency opened 6 paise lower at 90.42, but weakened further in opening deals to a record low of 90.56 against the greenback, according to Bloomberg data.

Deputy Chief Minister D K Shivakumar and over 30 Congress legislators, including some ministers, met for a dinner late on Thursday night, party sources said.

Ministers K H Muniyappa, Mankal Vaidya, Dr M C Sudhakar, MLAs N A Haris, Ramesh Bandisiddegowda, H C Balakrishna, Ganesh Hukkeri, Darshan Dhruvanarayana, Ashok Kumar Rai, K Y Nanjegowda were among those present in the meeting, the sources added.

Microsoft Chairman and CEO Satya Nadella on Thursday said the company is deepening its commitment to India's artificial intelligence ecosystem with massive infrastructure investments.

Microsoft is also strengthening its cloud footprint and focusing on skilling millions of Indians for an AI-driven future, he said.

The Expert Appraisal Committee under the Ministry of Environment, Forest and Climate Change has given its nod to the Andhra Pradesh government to prepare Terms of Reference for constructing seven water aerodromes in the state, including one in Visakhapatnam, official sources said.

Donald Trump risks becoming “the president who lost India”, warned US State Representative Sydney Kamlager-Dove, calling out the Republican leader's "obsession" for Nobel Prize. Her remarks came during a congressional hearing on the US-India Strategic Partnership, amid escalating tensions over visa fees and tariffs.

British insurer Prudential said on Thursday it has sold a 4.5 per cent stake in ICICI Prudential Asset Management for ₹4,900 crore (about $545 million) ahead of the Indian fund manager's $1.2 billion IPO that opens on Friday.

The fund house is a joint venture between ICICI Bank, India's second-largest private lender, which holds 51 per cent, and Prudential, which owns the rest.

The Mexican Senate on Wednesday (local time) approved a plan to raise import tariffs of up to 50 per cent next year on goods coming from China, India, and other Asian economies, a move aimed at shielding domestic manufacturers even as business groups and affected governments objected, Reuters reported.

The proposal, which the lower house had already approved, will either increase or introduce new duties.

The board of directors at IndiGo, formally known as InterGlobe Aviation, will involve an external technical expert to work with the airline’s management and help determine the root causes and ensure corrective action so that such a disruption never occurs again, Chairman Vikram Singh Mehta said on Wednesday.

He dismissed allegations that IndiGo engineered the crisis, tried to influence the government’s flight duty time limitation (FDTL) rules, compromised safety, or that the airline’s board was not involved.

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