Sunday, August 30
Shares of InterGlobe Aviation, the parent company of IndiGo, extended their fall to the 7th straight session, declining by 1.7% to an intraday low of Rs 4,842.05 on the BSE on Tuesday, December 9, following the airline’s formal response to the Directorate General of Civil Aviation (DGCA)’s show-cause notice amid ongoing operational disruptions.With today’s decline, the stock is now down 18% in just 7 trading sessions.In a statement issued by the DGCA, IndiGo acknowledged that a combination of factors — including changes in pilot duty norms and “minor” technical glitches — contributed to widespread cancellations and delays, resulting in over 2,000 flight cancellations in the past week.The airline has experienced disruptions for seven consecutive days, impacting thousands of pa
India and the EU have agreed to intensify efforts for early conclusion of negotiations on the proposed free trade agreement (FTA), an official statement said on Tuesday.The progress of the negotiations was reviewed by Commerce and Industry Minister Piyush Goyal and European Union's Commissioner for Trade and Economic Security Maros Sefcovic here on December 8 and 9.They held a dialogue to expedite the conclusion of the India-EU FTA and deepen the trade relationship, the commerce ministry said in a statement.The discussions were aimed at providing strategic guidance to the FTA negotiating teams as both sides work towards concluding the agreement at the earliest, it said.The meeting between the two takes place against the backdrop of the technical discussions held from 3-9 December here acro
The underperformance of India's small-cap firms relative to large- and mid-caps this year, after two years of strong gains, is likely to persist into 2026 as stretched valuations, moderate earnings and thin liquidity continue to weigh, analysts said. India groups listed firms by market value, with companies ranking below 251 classified as small-caps. The market rebound through 2025 has remained narrow, leaving smaller companies unable to participate meaningfully.The Nifty small-cap index has fallen 9% in 2025, its first lag behind the Nifty 50 and Nifty mid-cap in three years, even as the two benchmarks touched record highs in November after 14 months on stronger earnings, policy support and firm domestic inflows.The headline gains conceal deeper market strain. Nearly 73% of Nifty 500 stoc
Rajiv Jain–backed GQG Partners on Tuesday sold over 1.52 crore shares in JSW Energy via a block deal. The deal was worth nearly Rs 677 crore and the shares were sold at a price of Rs 444 apiece, which was a 2% discount over Monday's closing price of Rs 453.60.GQG Partners held over 3.12 crore shares in the company which represented 1.79% stake as on September 30, 2025.Today, JSW Energy shares today ended at Rs 451.60, down 0.44% over the last closing price.The sell-off comes after a lackluster performance by the stock over a one-year period. JSW Energy shares have fallen 33% in this period, a significant underperformance against the sector (-6%) and headline indices Nifty (4.7%) and the BSE Sensex (3.6%).Its shares have plunged 55% from the 52-week high of Rs 700.45 and are now trading b
