Lando Norris clinches maiden F1 title after dramatic Abu Dhabi finale
INDIA MARKET | Sun, 7 Dec 2025, 9:09PM IST
Despite Verstappen's late-season surge, marked by consistently dominant performances and culminating in his eighth win of the season, Norris held firm.
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INDIA BUSINESS | Sun, 7 Dec 2025, 8:46PM IST
IndiGo flight operations are recovering well. The airline expects around 75% on-time performance today, a major jump from yesterday. IndiGo is operating flights to 137 out of 138 network stations. The carrier is processing refunds, luggage, and rebooking for affected customers. This marks a strong rebound after recent disruptions.
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Indigo refunds: Social media abuzz with customer concerns on refunds
INDIA BUSINESS | Sun, 7 Dec 2025, 8:31PM IST
Passengers are complaining about IndiGo's refund process. Many report being charged cancellation fees and receiving only partial refunds. This is happening despite a government directive for full refunds by Sunday evening. Some travellers are also facing issues with online travel platforms. The airline has processed refunds worth Rs 610 crore so far.
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HD Hyundai plans $2 bn shipyard in Thoothukudi; Tamil Nadu pitches policy
INDIA BUSINESS | Sun, 7 Dec 2025, 8:27PM IST
South Korea's HD Hyundai, one of the world's largest ship manufacturers, is planning to build a shipyard in Thoothukudi. The project may reportedly see an investment of around $2 billion
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IndiGo sets up crisis management group to restore ops, ensure refunds
INDIA BUSINESS | Sun, 7 Dec 2025, 8:13PM IST
Board-led team includes chairman, ex-FAA chief, Amitabh Kant; 610 cr in refunds processed as airline eyes Dec 10 stability
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INDIA BUSINESS | Sun, 7 Dec 2025, 7:58PM IST
IndiGo is investigating recent flight cancellations and disruptions. A senior official stated the issues stemmed from multiple factors, including crew planning adjustments for new flight duty rules. The airline expects operations to fully stabilize by December 10. Despite cancellations, IndiGo maintains it has sufficient pilots. The DGCA has issued show-cause notices to the IndiGo CEO and Accountable Manager.
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IndiGo begins probe; ops normal by Dec 10
INDIA NEWS | Sun, 7 Dec 2025, 7:58PM IST
IndiGo has initiated a detailed root cause analysis to identify the reasons behind the widespread flight cancellations and operational disruptions in recent days. A senior airline official said on Sunday that the situation resulted from a combination of factors, and the focus is currently on restoring full operational stability, which is expected by December 10.The disruptions have been linked to inadequate crew planning while implementing the updated flight duty time limitation (FDTL) norms. However, the airline insisted that it has a sufficient number of pilots and denied concerns about shortages."Our pilot numbers are fine while we may not be have the luxury of having a buffer," the official told PTI, adding that there has been no hiring freeze despite speculation that a lean operating strategy may have contributed to the disruption.IndiGo has experienced widespread cancellations over the past five days but said the situation is improving. The airline typically operates around 2,300 flights per day, but was forced to cut that to 1,500 flights on Saturday. On Sunday, operations increased to around 1,650 flights."We will need a root cause analysis, which will obviously take time... the disruptions happened due to a combination of factors and which factor played how much role (will be known after the root cause analysis)," the official said.Calling the situation a learning curve, he noted that the airline is focused on stabilising schedules and mitigating passenger inconvenience."We are normalising operations and full stability in operations is expected by December 10," he added.The second phase of the new flight duty time limitations rules, which limit night landings and came into effect on November 1, contributed to the operational challenges at the airline. When asked why rival carriers did not face similar turbulence, the official stated that other operators simply had a better staffing margin."We did not have the same kind of buffer. But that does not mean that there is a question of inadequacy, no. These are two different things," he said.The Directorate General of Civil Aviation (DGCA) has served show-cause notices to IndiGo CEO Pieter Elbers and Accountable Manager Isidro Porqueras, seeking explanations for the disruptions.On whether the situation could have been prevented, the official responded:"We will do our root cause analysis... we will do that and then we will come to know (what was the) planning lapse, if at all".Looking ahead to winter operations, the airline expressed confidence in handling weather-related challenges."For the fog season, the official said the airline is prepared and there are adequate number of aircraft and pilots. We are confident of managing the fog season."[With PTI inputs]
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ED to file charge-sheet against Gurugram realty firm in PMAY fraud case
INDIA BUSINESS | Sun, 7 Dec 2025, 7:49PM IST
The Enforcement Directorate is soon expected to chargesheet a Gurugram-based real estate company and its promoters in a multi-crore money laundering investigation linked to alleged irregularities in the Pradhan Mantri Awas Yojna (PMAY) and fraud with homebuyers, official sources said Sunday.
Swaraj Singh Yadav, the MD and "key person" of the company named Ocean Seven Buildtech Pvt. Ltd. (OSBPL), was arrested by the federal probe agency on November 13 and is currently lodged in jail under judicial custody.
The ED has alleged that Yadav "fraudulently diverted" and laundered homebuyers' funds worth Rs 222 crore collected under PMAY through cancellation and re-sale of units at inflated prices, collection of substantial cash premiums, and diversion of Escrow proceeds into "shell" (dummy) entities.
The PMAY aims to provide housing to the economically weaker sections as part of the Union government's ambitious plan to ensure 'home for all'.
The agency, sources said, is carrying out an ...
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EU team to meet Piyush Goyal tomorrow on FTA
INDIA NEWS | Sun, 7 Dec 2025, 7:35PM IST
The visiting European Union (EU) team will hold discussions with Commerce and Industry Minister Piyush Goyal on Monday on the progress of negotiations on the proposed free trade agreement, an official said. The meeting is important as both sides are eager to conclude the negotiations as early as possible. The team, led by EU's Directorate-General for Trade Sabine Weyand, is here to iron out differences on issues pertaining to both goods and services. They have fixed the year-end deadline to conclude talks. "The EU team will meet the minister on Monday," the official said. Differences that still need to be ironed out in certain areas such as steel, carbon tax, automobiles and non-tariff barriers. In June 2022, India and the 27-nation EU bloc resumed negotiations for a comprehensive FTA (free trade agreement), an investment protection agreement and a pact on geographical indications after a gap of over eight years. It was stalled in 2013 due to differences on the level of opening up markets. India's bilateral trade in goods with the EU was USD 136.53 billion in 2024-25 (exports worth USD 75.85 billion and imports worth USD 60.68 billion), making it the largest trading partner for goods. The EU market accounts for about 17 per cent of India's total exports, and the bloc's exports to India constitute 9 per cent of its total overseas shipments. Besides demanding significant duty cuts in automobiles and medical devices, the EU wants tax reduction in other products like wine, spirits, meat, poultry, and a strong intellectual property regime. Indian goods' exports to the EU, such as readymade garments, pharmaceuticals, steel, petroleum products, and electrical machinery, can become more competitive if the pact sails through.The India-EU trade pact negotiations cover 23 policy areas or chapters, including trade in goods, services, investment, rules of origin, customs and trade facilitation, government procurement, dispute settlement, intellectual property rights, and geographical indications.
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Step by step, we are getting back: IndiGo CEO tells staff amid flight disruptions
INDIA BUSINESS | Sun, 7 Dec 2025, 6:41PM IST
IndiGo is gradually restoring its flight schedule. The airline plans to operate approximately 1,650 flights today. This marks an increase from recent days where hundreds of flights were cancelled and delayed. IndiGo's CEO, Pieter Elbers, confirmed improvements in the system. The airline aims for 75 percent on-time performance. Customers are being informed of cancellations early to avoid airport disruptions.
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Dario Amodei on the Risk of an A.I. Bubble, Regulation and A.G.I.
GLOBAL NEWS | Sun, 7 Dec 2025, 6:30PM IST
The Anthropic chief executive spoke with Andrew Ross Sorkin at the DealBook Summit.
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Bajaj Finserv targets 24,000 crore profit, 220 mn customers by 2030
INDIA BUSINESS | Sun, 7 Dec 2025, 6:21PM IST
Eyes listing on insurance arms, focus NRIs through GIFT City, pension funds biz post Allianz exit
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Top US official on 5-day India visit
INDIA NEWS | Sun, 7 Dec 2025, 6:16PM IST
Allison Hooker, the US Under Secretary of State for Political Affairs, is on a five-day visit to India from Sunday to advance bilateral strategic and economic ties. Hooker's trip to New Delhi and Bengaluru comes amid increasing strain in ties between the two countries after Washington slapped a whopping 50 per cent tariff on Indian goods, including 25 per cent levies for India's procurement of Russian crude oil. The US embassy said Under Secretary Hooker's visit marks another step forward in advancing President Donald Trump's priorities for a strong US-India partnership and a free and open Indo-Pacific. Hooker's December 7-11 visit is aimed at advancing the US-India strategic partnership, deepening economic and commercial ties including increasing American exports, and fostering collaboration in emerging technologies including artificial intelligence and space exploration, it said. "While in New Delhi, Under Secretary Hooker will meet with senior Indian officials to discuss regional security, economic cooperation, and shared priorities in the Indo-Pacific, including through the foreign office consultations with Foreign Secretary Vikram Misri," the embassy said. In Bengaluru, Hooker will visit the Indian Space Research Organisation and meet leaders from India's dynamic space, energy, and technology sectors to promote innovation in US-India research partnerships and to explore opportunities for expanded cooperation, it added. The visit by the official also comes two days after Russian President Vladimir Putin paid an over 27-hour trip to New Delhi and held summit talks with Prime Minister Narendra Modi.
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Market euphoria vs asset-backed security: Real estate emerges as the hedge of 2025
INDIA MARKET | Sun, 7 Dec 2025, 6:00PM IST
As growth stocks soar amid market euphoria, real estate stands out as a stable, inflation-hedged asset. In India, structural tailwindsurbanisation, favourable demographics, and infrastructure developmentsupport sustained demand across residential, commercial, and logistics segments. With institutionalisation reducing execution risks, real estate offers capital preservation, reliable income, and long-term growth, making it a cornerstone for portfolio stability and strategic reallocation in 2026.
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INDIA MARKET | Sun, 7 Dec 2025, 5:41PM IST
Buying on dips may be favoured as long as the index sustains above 26,000
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IndiGo Crisis: Rs 610 crore refunds processed to passengers, says Civil Aviation Ministry
INDIA BUSINESS | Sun, 7 Dec 2025, 5:36PM IST
IndiGo has processed Rs 610 crore in refunds for passengers affected by widespread flight disruptions. The airline's CEO stated that 95% of its network is restored. Normal operations are expected between December 10 and 15. IndiGo operated approximately 1,650 flights on Sunday. This update comes after nearly a week of cancellations and delays across India.
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DelhiNCR tops pollution charts again
INDIA NEWS | Sun, 7 Dec 2025, 5:34PM IST
November 2025 has emerged as one of the most polluted months in recent memory for DelhiNCR, with all of Indias ten most polluted cities falling within the region. Ghaziabad led the national charts, while Delhi itself settled at fourth place, revealing the alarming state of air quality in the nations capital. Only Bahadurgarh in Haryana managed a glimmer of clean air, while the rest of the top 10 failed to record a single day within safe limits, according to the Centre for Research on Energy and Clean Air (CREA).The interconnected nature of pollution in the NCR means that emissions from one city do not stay confined; they affect the entire region, turning the area into a vast, smog-covered cluster.Delhi recorded a monthly average PM2.5 concentration of 215 micrograms per cubic metre (g/m), double the level seen in October, which stood at 107 g/m. The capital experienced 23 days categorised as very poor and six days deemed severe, highlighting the harsh reality of the winter smog season.Ghaziabads situation was even more dire, with an average PM2.5 level of 224 g/m, over three times the national safe limit. Every single day in the month breached the National Ambient Air Quality Standards (NAAQS), including 19 very poor days and 10 severe days.Other cities making the list included Noida, Greater Noida, Bahadurgarh, Hapur, Baghpat, Sonipat, Meerut, and Rohtak. Uttar Pradesh accounted for six of the ten cities, Haryana for three, and Delhi for one, making the NCR the countrys most polluted cluster.Despite a noticeable drop in pollution from stubble burning, down to an average of 7% contribution compared to 20% last year, 20 of the 29 NCR cities recorded higher pollution levels than the previous November. CREA analyst Manoj Kumar explained, This indicates that the dominant drivers are year-round sources such as transport, industry, power plants and other combustion activities. Without targeted emission reductions, cities will continue to breach safe limits.The findings also show a shift in Delhis pollution sources. Stubble burning, once a major culprit, contributed far less to the capitals smog this year. Peak contribution fell from 38% to 22%, signalling that local emissions from vehicles, industries, and power generation are now the primary culprits. As winter deepens, residents of DelhiNCR face another challenging season of thick smog, poor visibility, and serious health risks.Inputs from TOI
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PFC, SIDBI plan 11,500 crore bonds Tuesday as costs ease post RBI cut
INDIA BUSINESS | Sun, 7 Dec 2025, 5:15PM IST
PFC had earlier withdrawn a Rs 3,000 crore three-year bond issuance on November 25 due to elevated corporate bond yields
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Ahead of Market: 10 things that will decide D-Street action on Monday
INDIA MARKET | Sun, 7 Dec 2025, 5:05PM IST
Indian markets ended higher on Friday as the Sensex and Nifty rebounded, driven by gains in financial and auto stocks after the RBI delivered an unexpected 25 bps rate cut. The surprise move, paired with softer inflation forecasts and supportive liquidity, fuelled a risk-on mood. Analysts said rate-sensitive sectors, autos, real estate and NBFCs, led the rally as borrowing costs eased.
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INDIA MARKET | Sun, 7 Dec 2025, 4:58PM IST
ICICI Prudential AMCs IPO is drawing strong interest in the grey market, with the GMP signalling a potential 13% listing gain. Investors will watch subscription trends, institutional demand, and valuation comfort as the issue progresses. Market mood, flows into equity funds, and how peers like HDFC AMC and Nippon India AMC trade this week will also influence sentiment.
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IndiGo crisis: Ahmedabad Airport sees 21 cancellations
INDIA BUSINESS | Sun, 7 Dec 2025, 4:53PM IST
Flight disruptions persist across India on Sunday. Hundreds of flights are cancelled, affecting major airports like Hyderabad, Kolkata, and Delhi. IndiGo Airlines faces significant cancellations. The Directorate General of Civil Aviation has issued show-cause notices to IndiGo's management. Passengers are experiencing widespread travel chaos.
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