IndiGo disruptions: Airline cancels 67 flights; bad weather, operational reasons cited

IndiGo, on Thursday, canceled 67 flights, with 63 due to expected bad weather and 4 for operational reasons. The cancellations affected several airports including Agartala, Chandigarh, Dehradun, Varanasi, and Bengaluru. This comes while the airline is already under DGCA monitoring following massive flight disruptions earlier this month.The winter fog season, as announced by DGCA, runs…

Read More

Rupee’s fall triggers fund transfer: Rich Indians rush to park money overseas; banks roll out additional regulations

Many Indians looking to transfer money overseas are facing tightened scrutiny from high street banks, demanding to provide detailed proof behind the origin of the funds. This comes as rupee continues to slide against the US dollar and many rush to move their funds abroad. Over the past month, at least two Mumbai-headquartered private sector…

Read More

India to miss $1 trillion exports target? Exports struggle despite the FTA push — Here’s what’s happening

India’s ambition of exporting goods and services worth $1 trillion by the end of FY26 is likely to remain out of reach, Global Trade Research Initiative (GTRI) predicted in its latest report on Thursday, pointing to weak merchandise shipments due to weak global demand and increasing protectionist trends.Ajay Shrivastava, founder of the economic think tank,…

Read More

Navi Mumbai Airport opens today! Stunning pictures, flights, destinations & more — All that you need to know

The Navi Mumbai International Airport (NMIA) begins commercial flight operations on Thursday, opening a second aviation gateway for the Mumbai Metropolitan Region after years of missed deadlines. The new facility is expected to emerge as one of the busiest and a significant aviation hub in the country.On its opening day, the airport is expected to…

Read More

Sebi eases norms for duplicate securities

NEW DELHI: In a bid to ease investor compliance and remove inconsistencies, Sebi on Wednesday doubled the monetary threshold for simplified documentation process for issuance of duplicate securities to Rs 10 lakh from Rs 5 lakh. It has also prescribed a standardised affidavit-cum-indemnity bond format for securities valued above Rs 10 lakh. Agencies Source link

Read More