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IndiGo crisis prompts Centre to enforce fare caps on major routes

IndiGo crisis prompts Centre to enforce fare caps on major routes

The Ministry of Civil Aviation (MoCA) has directed airlines to comply with newly introduced fare caps on all disrupted routes, following a sharp surge in airfares amid ongoing flight disruptions triggered by the operational crisis at IndiGo. The caps will remain in force until normal flight operations resume and the situation stabilises.

Biocon to make Biocon Biologics a wholly owned subsidiary in $5.5 bn deal

Biocon to make Biocon Biologics a wholly owned subsidiary in $5.5 bn deal

Indian biopharmaceutical company Biocon said on Saturday it would fully integrate its biosimilar unit Biocon Biologics as a wholly owned subsidiary.

Biocon said in a statement it will acquire the remaining stakes in Biocon Biologics from Serum Institute Life Sciences, Tata Capital Growth Fund II and Activ Pine LLP through a share swap of 70.28 Biocon shares for every 100 Biocon Biologics shares, at a price of ₹405.78 ($4.51) per Biocon share. The deal values Biocon Biologics at $5.5 billion.

Delhi's air quality remains 'very poor', temperature drop adds to woes

Delhi's air quality remains 'very poor', temperature drop adds to woes

Delhi’s air quality continued to deteriorate on Saturday, with a thick layer of smog enveloping the city. The overall Air Quality Index (AQI) settled at 333, remaining in the ‘very poor’ category and slightly higher than Friday.

The Anand Vihar monitoring station recorded an AQI of 366 at 8 am, according to the Central Pollution Control Board (CPCB).

IndiGo crisis sends fares spiralling, Delhi routes cross ₹1 lakh threshold

IndiGo crisis sends fares spiralling, Delhi routes cross ₹1 lakh threshold

Instances of torment emerged of flyers stranded in airports and those planning to fly on Friday and Saturday making emergency alternative arrangements, after IndiGo cancelled all domestic flights from Delhi and a large chunk from other airports including Mumbai and Bengaluru.

Flyers faced a double blow as air fares on Air India flights out of Delhi and those of SpiceJet soared past ₹1 lakh one-way on some routes, and even those showed “sold out” despite the airlines adding capacity.

Dream11 exits fantasy gaming, pivots to sports-entertainment platform

Dream11 exits fantasy gaming, pivots to sports-entertainment platform

In a year when India’s online gaming economy was given a jolt by the Centre overnight, Dream11 is now trying to rewrite its playbook. Stripped of almost all its revenue after the real-money gaming ban, the company is now betting on a new identity built around fans, creators and live sports.

With more than 250 million users, the erstwhile real-money gaming app announced on Thursday (December 4) that it is moving beyond gaming to become a second-screen sports entertainment platform.

SC directs states to deploy more staff to support BLOs on SIR duty

SC directs states to deploy more staff to support BLOs on SIR duty

The Supreme Court on Thursday laid down several measures to ease the difficulties faced by booth-level officers (BLOs) working on the special intensive revision (SIR) of electoral rolls across states, reported Bar and Bench.

A Bench of Chief Justice of India (CJI) Surya Kant and Justice Joymalya Bagchi issued the directions while hearing the plea filed by actor Vijay’s Tamilaga Vettri Kazhagam (TVK), challenging coercive steps taken by the Election Commission of India (ECI) against BLOs working on SIR.

Fitch ups India's FY26 GDP growth forecast to 7.4% on GST reforms

Fitch ups India's FY26 GDP growth forecast to 7.4% on GST reforms

Fitch Ratings on Thursday raised India's GDP growth forecast for the current fiscal to 7.4 per cent, from 6.9 per cent, on increased consumer spending and improved sentiment boosted by GST reforms.

It said falling inflation gives the Reserve Bank of India (RBI) room for one more policy rate cut in December to 5.25 per cent, following 100 bp of cuts in 2025 so far.

US orders H-1B spouses, kids to keep social media public from Dec 15

US orders H-1B spouses, kids to keep social media public from Dec 15

Now, not just primary visa holders but also their spouses and children will need to keep the privacy settings on all their social media profiles set to “public”, as the United States extends online-presence checks to more visa categories.

In a notification dated December 3, the State Department said the expanded screening will apply from December 15 to H-1B applicants and their H-4 dependants. The same instruction already applies to those seeking F, M and J visas.

Russian President Putin to arrive in India today: Time and full schedule

Russian President Putin to arrive in India today: Time and full schedule

Russian President Vladimir Putin will be arriving in New Delhi on Thursday for a two-day state visit and will attend the 23rd India-Russia Annual Summit. This is Putin's first official visit to India since the Ukraine war broke out in February 2022.

During his two-day visit, the Russian President will hold talks with Prime Minister Narendra Modi on global and regional issues of mutual interest.

IndiGo cancels 175 flights as pilot shortage crisis enters third day

IndiGo cancels 175 flights as pilot shortage crisis enters third day

At least 175 IndiGo flights were cancelled early on Thursday in India as chaos at key airports worsened, after stringent government regulations on crew safety norms threw roster planning at the country's largest airline into disarray.

The disruptions have left thousands of travellers stranded for three days now. IndiGo, which has a domestic market share of more than 60 per cent, on Wednesday cancelled at least 150 flights across major cities.

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