Monday, August 24
Domestic carrier IndiGo, which is being probed for massive operational disruption earlier this month, cancelled around 50 flights on Tuesday, according to the airline's website. The flights have been cancelled from across airports, including Mumbai, Delhi, Varanasi, Pune, Chandigarh, Amritsar, Indore, and Patna, among others. The airline, however, did not provide any reason for these cancellations. As part of its winter schedule, IndiGo was initially allowed to operate 15,014 flights per week or 2,144 per day on domestic routes, which was 6 per cent more compared to 14,158 flights per week it operated in the summer schedule of 2025. However, following massive disruptions in operations that led to the cancellation of thousands of flights and caused severe hardships to lakhs of air passenger
Private equity and venture capital investments in the country surged 31 per cent to USD 5.6 billion in November, according to a report on Tuesday.This has helped narrow the gap in overall deal activity, with total investments reaching USD 49.3 billion in the first 11 months of 2025, accounting for 88 per cent of the USD 56.2 billion deal value recorded in the previous year, it added.The report by industry lobby group IVCA and consultancy firm EY said the deal values in November rose 4 per cent compared to USD 5.4 billion in October.By number of deals, the transactions were flat at 101 year-on-year and slightly higher than 109 in October.The deals are expected to close broadly in line with, or marginally below, last year's total, the firm's partner Vivek Soni said."Valuations continue to re
Adani Ports and Special Economic Zone (APSEZ) on Tuesday announced that it has completed an all-share acquisition of Australia’s North Queensland Export Terminal (NQXT). APSEZ has allotted 14,38,20,153 equity shares of face value ₹2 each to the seller, Carmichael Rail and Port Singapore Holdings Pte Ltd on a preferential basis.All required approvals from shareholders, stock exchanges, the Reserve Bank of India and Australia’s Foreign Investment Review Board have been received, company officials said.As per the company, NQXT is expected to deliver FY26 EBITDA of Rs 1,350 crore, which translates to more than 6% of its FY26 guidance of Rs 21,000-Rs 22,000 crore.NQXT is a high-growth, cash generating asset, driven primarily by take-or-pay contracts with customers. During FY25, NQXT had a
The Reserve Bank of India (RBI) said Tuesday it would inject Rs 2.90 lakh crore of durable liquidity into the banking system through bond purchases and a dollar-rupee swap, as tight cash conditions push short-term rates above the central bank’s policy target.The RBI said it would buy Rs 2 lakh crore of government bonds via open market operations (OMO) in four tranches of Rs 50,000 crore each - on December 29, January 5, January 12 and January 22.It will also conduct a $10-billion buy/sell swap auction on Jan. 13 to ease dollar liquidity. The measures come as system liquidity turned negative mid-December, driving the weighted average call rate to 5.46%, above the 5.25% repo rate.“The announced operations go beyond market expectations and should provide confidence around durable liquidit
ZURICH: China has launched a trade dispute with India over solar cells, solar modules and IT goods, requesting dispute consultations on the matter, the World Trade Organization said on Tuesday."China said the measures in question include India's tariff treatment and certain measures that China said are contingent upon the use of domestic inputs and otherwise discriminate against Chinese imports," the WTO said in a statement.Less than a week ago, India said it had imposed anti-dumping duties on cold rolled steel imports from China for five years to protect its domestic industry.
