INDIA BUSINESS | Sat, 6 Dec 2025, 6:33PM IST
IndiGo faces strict directives from the Ministry of Civil Aviation. All passenger refunds for disrupted flights must be completed by December 7, 2025. Separated baggage must be traced and delivered within 48 hours. Airlines will not charge rescheduling fees for affected passengers. Dedicated support cells will assist passengers with refunds and alternative travel arrangements.
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Scott Bessent on Tariffs, the Fed and the Economy
GLOBAL NEWS | Sat, 6 Dec 2025, 6:30PM IST
The U.S. treasury secretary spoke with Andrew Ross Sorkin at the DealBook Summit on Wednesday.
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Travel operators offer 100% refunds amid Indigo flight cancellations
INDIA MARKET | Sat, 6 Dec 2025, 6:25PM IST
Leading travel operators increase customer support; MoCA invokes regulatory powers to ensure fair and reasonable fares charged by other airlines across all affected routes during the crisis
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IndiGo cancellations trigger 100% refunds, support push by travel operators
INDIA MARKET | Sat, 6 Dec 2025, 6:17PM IST
As IndiGo's disruption spreads across major cities, ixigo and EaseMyTrip bolster 24/7 support and refunds, while MoCA flags high fares and Air India caps select economy fares
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IndiGo flight disruptions: Govt imposes caps amid surge in ticket prices
INDIA MARKET | Sat, 6 Dec 2025, 6:03PM IST
Under the limits, for a flight flying up to 500 kilometres, the fares are capped at Rs 7,500 and for 500-1,000 kilometres, the ticket price cap is Rs 12,000
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52m
IndiGo crisis: Govt caps airfares in Rs 7,500-Rs 18,000 range for all airlines; check details
INDIA BUSINESS | Sat, 6 Dec 2025, 5:52PM IST
Amid IndiGo flight disruptions causing soaring air ticket prices, the Ministry of Civil Aviation has imposed fare caps ranging from Rs 7,500 to Rs 18,000 based on flight distance. These limits, excluding charges, apply to economy class tickets for flights up to 1,500 kilometers and above, with specific tiers set for different route lengths.
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1h
INDIA BUSINESS | Sat, 6 Dec 2025, 5:50PM IST
IndiGo is offering automatic refunds and waiving fees for passengers affected by recent disruptions. This relief covers bookings between December 5 and December 15. The aviation ministry has directed IndiGo to clear all pending refunds by Sunday evening. Airlines must also avoid charging rescheduling fees. Baggage delivery within 48 hours is mandated.
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1h
Biocon to merge biologics unit; to acquire stake held by Serum, Mylan
INDIA BUSINESS | Sat, 6 Dec 2025, 5:38PM IST
Biocon will acquire the remaining stake in Biocon Biologics Limited through a share swap, valuing Biocon Biologics at $5.5 billion
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AI, AI Express look to add capacity amid IndiGo flight disruptions
INDIA BUSINESS | Sat, 6 Dec 2025, 5:28PM IST
Air India Group is stepping in to help passengers facing IndiGo flight disruptions. Both Air India and Air India Express are adding flights and capping economy class fares. This move aims to ensure travelers and their baggage reach destinations quickly. The government has also announced airfare caps amid the ongoing issues.
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1h
HFCL secures Rs 656 crore export orders for optical fiber cables
INDIA MARKET | Sat, 6 Dec 2025, 5:23PM IST
HFCL announced that it has secured export orders worth $72.96 million (Rs 656.10 crore) for the supply of optical fiber cables (OFC).
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1h
IndiGo crisis: Cancelled flights below 850 flights, focusing on stabilising schedules, says airline
INDIA BUSINESS | Sat, 6 Dec 2025, 5:22PM IST
IndiGo has reported a significant drop in flight cancellations, with numbers falling below 850 as the airline works to stabilize its schedules and reduce delays. The company expressed gratitude to its employees for their commitment and apologized to customers for the ongoing disruptions, aiming to restore normal operations soon.
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1h
AI caps economy fares on domestic flights
INDIA NEWS | Sat, 6 Dec 2025, 5:10PM IST
Air India on Saturday clarified that they have proactively capped economy class fares on all non-stop domestic flights starting 4 December, aiming to shield passengers from sudden price spikes triggered by automated revenue management systems.The airline clarified that some expensive multi-stop or mixed-class fares seen on third-party platforms cannot be fully controlled, but it is working with these platforms to address the issue. — airindia (@airindia) In a post on X, Air India Spokesperson shared, "Air India & Air India Express clarify that, since 4 December, economy class airfares on non-stop domestic flights have been proactively capped to prevent the usual demand-and-supply mechanism being applied by revenue management systems. We are aware of screenshots of last-minute itineraries with one-stop or two-stop flights or a combination of economy and premium economy or business cabins taken from third party platforms. It is not technically possible to cap all such permutations, but we are engaging such platforms to exercise oversight." "Air India and Air India Express are seeking to add capacity to help travellers and their baggage reach their destinations as quickly as possible," the post read. Meanwhile, IndiGo operations across India remained severely disrupted even on Saturday, with more than 100 flights cancelled, leaving thousands of passengers stranded at airports in Mumbai, Hyderabad, Guwahati, and other cities.According to airport data accessed today, several major hubs reported significant cancellations by IndiGo. Hyderabad Airport recorded 69 planned cancellations, including 26 arrivals and 43 departures. At Delhi Airport, operated by GMR, 86 IndiGo flights were cancelled for the day, comprising 37 departures and 49 arrivals. Ahmedabad Airport also reported disruptions, with 35 departures and 24 arrivals listed under planned cancellations.At Kolkata Airport, 73 arrivals and 102 departures were scheduled for the day, of which 21 arrivals and 20 departures were cancelled. As of 0900 hrs, the airport recorded 22 departures and 14 arrivals as actual movements.The ongoing disruption has left thousands of passengers stranded across India, highlighting the operational challenges faced by one of the country's largest airlines. Passengers have urged the airline to provide timely updates and support to minimise inconvenience.The Ministry of Civil Aviation (MoCA) directed IndiGo Airlines to clear all pending passenger refunds without delay. According to an official release, the Ministry has mandated that the refund process for all cancelled or disrupted flights must be fully completed by 8:00 PM on December 7 (Sunday).The Ministry has also instructed airlines not to levy any rescheduling charges for passengers whose travel plans were impacted by cancellations. It emphasised that any delay or non-compliance in processing refunds will invite immediate regulatory action under the Ministry's powers.
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Air India caps economy fares on non-stop domestic flights since December 4
INDIA BUSINESS | Sat, 6 Dec 2025, 5:10PM IST
Air India has capped economy class fares on non-stop domestic flights. This move aims to protect passengers from sudden price hikes. Meanwhile, IndiGo operations are severely disrupted. Over 100 flights were cancelled on Saturday, stranding thousands. The Ministry of Civil Aviation has directed IndiGo to clear all passenger refunds by Sunday evening. Airlines are also barred from levying rescheduling charges.
Continue reading at Economic Times
1h
FIIs sell Rs 11,820 cr worth of Indian stks in first week of December
INDIA NEWS | Sat, 6 Dec 2025, 5:04PM IST
Foreign Institutional Investors (FIIs) continued their selling in the first week of December, offloading Rs 11,820 crore worth of Indian equities. They have sold domestic shares worth Rs 1,55,495 crore in 2025 year-to-date.FII selling on Friday was to the tune of Rs 439 crore while the domestic institutional investors (DIIs) were net buyers at Rs 4,189 crore.While FIIs have not budged from their selling stance, VK Vijayakumar, Chief Investment Strategist at Geojit Investments said that their sell-off has been completely eclipsed by the sustained strong buying by DIIs who bought equity for Rs 19,783 crores during this period. FIIs are selling now primarily because of the sharp depreciation of the rupee this year by around 5%. It is normal for FIIs to sell and take the money out during times of currency depreciation. On the other hand, DIIs have been investing systematically assisted by continuous fund flows, and recently they have been buoyed up by the robust GDP growth numbers and expectations of uptick in corporate earnings, going forward," he said.Foreign portfolio flows continued their familiar pattern in December, with overseas investors extending their selling streak though the pace of outflows has eased from Novembers Rs 3,765 crore. This followed a strong inflow of Rs 14,610 crore in October.Also Read: Uday Kotak on rupee @ 90: Foreign investors pulling out money appear smarter now, but game isn't overIn the third quarter of CY25, FIIs offloaded shares worth Rs 76,619 crore, reversing the buying seen in the AprilJune period when inflows totalled Rs 38,673 crore. The year had opened on a sharply negative note, with foreign investors pulling out a massive Rs 1,16,574 crore during the JanuaryMarch quarter.Vijayakumar sees the selling trends to continue at higher levels as the valuations are still perceived to be on a higher side. "In this tug of war between FIIs and DIIs, there will be days of sharp movements in the markets, in response to news and events. For instance, if there is a fair trade deal between India and the US, that can buoy up the sentiments in both equity and currency markets," he added.Vijayakumar said that the 25 bps rate cut by the Reserve Bank of India (RBI) on Friday and the proposed huge liquidity infusion have further improved sentiments in favour of the bulls. "The decision to give further monetary stimulus to the economy even when the economy is firing on all cylinders reflects a courageous pro-growth central bank. With pro-growth fiscal and monetary policies, growth regaining momentum and indications of accelerating earnings growth, DIIs will continue to buy.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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INDIA MARKET | Sat, 6 Dec 2025, 5:04PM IST
FIIs sold 11,820 crore in the first week of December, continuing heavy 2025 outflows, but strong DII inflows offset the pressure. Rupee depreciation drives foreign selling, while pro-growth policies, liquidity measures and earnings optimism keep domestic investors steadily buying.
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1h
Nifty ends flat as resistance holds; cautious optimism likely for coming week
INDIA MARKET | Sat, 6 Dec 2025, 5:01PM IST
Nifty traded range-bound, closing nearly flat despite an RBI rate cut, as resistance near 26,300 capped gains. Weak market breadth and muted broader indices signal caution, though the primary trend remains upward with selective sector strength.
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1h
ICICI Prudential AMC sets Rs 2,0612,165 price band for its Rs 10,603 crore IPO
INDIA MARKET | Sat, 6 Dec 2025, 4:58PM IST
ICICI Prudential Asset Management Company has set the price band for its Rs 10,603 crore initial public offering (IPO) at Rs 2,061 - Rs 2,165 per share. The public issue will open for bidding on Friday, December 12 and close on Tuesday, December 16.
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1h
What are India's pilot safety rules that hit IndiGo operations, air travel?
INDIA MARKET | Sat, 6 Dec 2025, 4:52PM IST
The new regulations, first proposed in early 2024, were implemented in two phases this year, with the latest implementation date of November 1
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2h
INDIA MARKET | Sat, 6 Dec 2025, 4:36PM IST
Indias export ecosystem has been supported by a range of targeted interventions in recent years, including interest equalisation, market access initiatives and export-incentive schemes and infrastructure support. The mission builds on these efforts by addressing key factors identified for strengthening export competitiveness, such as enhancing access to affordable trade finance, supporting compliance with international export standards, improving coordinated export branding and market-access facilitation, and reducing logistics disadvantages for exporters in interior and low-export-intensity regions.
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2h
Indias pilot safety rules that grounded IndiGo flights
INDIA BUSINESS | Sat, 6 Dec 2025, 4:35PM IST
India's new pilot fatigue rules have caused widespread flight disruptions for IndiGo due to inadequate planning. The regulations, including increased weekly rest and reduced night landings, aim to enhance safety. IndiGo has received temporary exemptions for certain rules to stabilize operations.
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U.S. team led by deputy USTR Switzer to visit India from December 10-12 to discuss tariffs
INDIA BUSINESS | Sat, 6 Dec 2025, 4:27PM IST
The talks are not expected to constitute an official round of negotiations. However, the two sides are looking forward to making strong progress towards addressing the issue of tariffs.
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2h
BSE PSU index rejig: RailTel gets entry, 4 stocks deboarded. Do you own any?
INDIA MARKET | Sat, 6 Dec 2025, 4:19PM IST
BSE has reconstituted 28 indices, including the BSE PSU index, effective December 22. RailTel is the sole addition, while MMTC, ITI, Punjab & Sind Bank and KIOCL are removed following weak performance trends.
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2h
INDIA MARKET | Sat, 6 Dec 2025, 4:17PM IST
The BSE 500 index will undergo a significant overhaul from December 22, with 32 additions and 32 exits as part of the semi-annual reconstitution. Changes span 28 indices, affecting large, mid and small companies across sectors.
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2h
Advent's $1 bn deal talks for Whirlpool India collapse due to disagreements
INDIA BUSINESS | Sat, 6 Dec 2025, 4:06PM IST
Advent had emerged as the frontrunner to acquire a 31 per cent stake in Whirlpool of India from Whirlpool Corp, which would have triggered a mandatory open offer to acquire a majority stake
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2h
Ashoka Buildcon secures Rs 447 crore order from BMC
INDIA MARKET | Sat, 6 Dec 2025, 4:01PM IST
Ashoka Buildcon announced that it has secured an order worth Rs 447.21 crore from the Brihanmumbai Municipal Corporation (BMC) for its ongoing flyover construction project on the Sion-Panvel Highway.
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2h
InterGlobe Aviation feels heat from IndiGo disruptions
INDIA MARKET | Sat, 6 Dec 2025, 3:53PM IST
Shares of InterGlobe Aviation, the parent of IndiGo, fell 9.23% over five trading sessions through 5 December 2025 as the airline grappled with one of its worst operational meltdowns in recent years.
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3h
Market poised for next uptrend as growth revives: Ashi Anand
INDIA MARKET | Sat, 6 Dec 2025, 3:50PM IST
Ashi Anand says Indias 18-month market consolidation is easing as growth improves, earnings strengthen and sentiment turns optimistic. He favours domestic themes, banks and digital plays while remaining cautious on global cyclicals, pharma and IT amid valuation and macro uncertainties.
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3h
Advent's $1 billion deal talks for Whirlpool India stake said to have collapsed
INDIA BUSINESS | Sat, 6 Dec 2025, 3:42PM IST
Advent International's plan to buy Whirlpool's India business has fallen through. Talks ended because both sides could not agree on a price. Whirlpool wanted to sell a stake to raise money for debt repayment. Advent sought a lower valuation due to market challenges. This deal would have given Advent a controlling stake in Whirlpool India.
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3h
F&O Talk | Heavyweights shield Nifty from deep cuts: Sudeep Shah
INDIA MARKET | Sat, 6 Dec 2025, 3:41PM IST
The market currently favours index trading as only heavyweight stocks support the upside, while broader segments weaken. Private banks, financials, IT and autos show strength, whereas consumer durables, tourism, media, realty and defence are expected to underperform.
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3h
PB Fintech allots 6.82 lakh equity shares under ESOP
INDIA MARKET | Sat, 6 Dec 2025, 3:41PM IST
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3h
Simplification of customs will be next big reform, says Finance Minister
INDIA BUSINESS | Sat, 6 Dec 2025, 3:40PM IST
The announcements to this effect can be made in the upcoming Budget, likely to be presented on February 1
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3h
Atmanirbhar beauty: How India got its first desi makeup brand
INDIA BUSINESS | Sat, 6 Dec 2025, 3:36PM IST
Simone Tata, who passed away at 95, was instrumental in shaping India's first indigenous beauty brand, Lakm, in 1952. Her leadership transformed the brand into a cultural marker, redefining beauty and self-expression for Indian women. Tata later sold Lakm to Hindustan Unilever and founded Trent, a successful retail business.
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INDIA MUTUAL FUNDS | Sat, 6 Dec 2025, 3:35PM IST
Investor flows are diverging, says Sanjay Shah of Prudent Corporate. While SIPs continue to channel steady money into mid- and smallcaps, fresh allocations are moving toward hybrid, multi-asset, and large-and-midcap funds. New AMCs, NFOs, and SEBI incentives are driving added traction.
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