Business

IndiGo will pilot allowances and add new ones from January 1 to boost staff morale, according to PTI sources. This comes weeks after the airline faced massive disruptions with 4,500 flight cancellations due to rostering issues. The move follows meetings between executives and pilots at various bases, as the carrier also faces pressure from foreign…

NEW DELHI: Flight travel across India remain disrupted for another day on Monday with several flights cancelled and many cancellations set for tuesday as well.As per the IndiGo’s cancelled flight data, 59 flights, scheduled for December 30 have now been cancelled. 116 flights were cancelled on Monday, majorly due to bad weather while 5 were…

SAN FRANCISCO: India is no longer a decade behind Silicon Valley in building with artificial intelligence, Elevation Capital’s AI partner Krishna Mehra said, arguing that founders in Bengaluru and other Indian hubs are now closer to the global frontier and should aim to build category-leading companies rather than “number two or three” players.“In the SaaS…

The number of ATMs in the country declined as people shifted digital payments. The e-payments network reduced customers’ need for cash withdrawals, even as bank branches continued to expand, a Reserve Bank of India (RBI) report said.Private banks led the contraction, cutting their ATM network to 77,117 from 79,884, while public sector banks reduced their…

India holds the world’s third-largest reserves of rare earths at 6.9 million tonnes, yet its contribution is not even 1 per cent of the global production. A new report from Amicus Growth, cited by ANI, underlined this gap between resource potential and actual production on the part of India, while China leads in the global…

India recorded its highest-ever annual renewable energy capacity addition this year, installing 44.5 GW of new capacity till November, nearly doubling the additions seen in the same period last year, according to the Ministry of New and Renewable Energy (MNRE).With this expansion, the country’s renewable energy installed capacity has reached 253.96 GW, while overall non-fossil…

NEW DELHI: Horizon Industrial Parks, backed by global private equity firm Blackstone, on Monday filed preliminary papers with markets regulator Sebi to raise Rs 2,600 crore through an initial public offering (IPO). The issue is entirely a fresh offer of equity shares, with no offer for sale (OFS) component. According to the draft red herring…

NEW DELHI: India and Australia marked the third anniversary of their Economic Cooperation and Trade Agreement (ECTA), showing a significant rise in trade between the two nations. The trade deal, which started three years ago, led to an 8 per cent growth in Indian exports to Australia during the 2024-25 financial year. This growth helped…

Gold is set to be the top performer in 2026, driven by strong central bank buying and rising global tensions, according to Goldman Sachs’ latest commodities outlook report. The bank forecasted gold prices to reach $4,900 by December in the new year, with central banks expected to purchase 70 tonnes monthly, which is four times…

The country’s industrial output reached a two-year highk, growing by 6.7 per cent in November, according to the official Index of Industrial Production (IIP) data released Monday.This marks an improvement from the 5 per cent growth recorded in November last year, according to data released by the National Statistics Office (NSO). The surge was largely…