Sunday, August 30
IndiGo has been ordered by DGCA to cut 5% of its flight schedule, with about 110 daily flights likely to be reassigned to other airlines as the government prepares strong action following mass cancellations since December 2. Officials are considering further incremental cuts if disruptions continue, amid rising public anger over one of India’s worst aviation crises.“IndiGo will submit a truncated schedule cancelling 5% from their total flights by today evening,” a senior government official told ET.The government is weighing reductions to IndiGo’s schedule based on crew strength, while keeping open the possibility of fines and action against senior officials. The airline’s meltdown has exposed the risk of dependence on a dominant carrier and triggered wider questions on preparedn
New Delhi: Declining air quality in many parts of the country, particularly in the month of November, in the last three years has been driving the growth of medicines for respiratory illnesses. The respiratory market saw an 8% growth year-on-year last month, compared to 5% in November 2024 and 7% in November 2023, data from market research firm PharmaTrac showed. "An increased consumption across core respiratory therapy categories was seen in the month of November, signalling a strong environment-linked disease burden," said Sheetal Sapale, vice president (commercial) at PharmaTrac. Multiple regions recorded double-digit month-on-month growth in November, indicating that air pollution in winter months escalates respiratory ailments. Sapale said growth in the anti-asthma and anti-COPD segme
Nearly one-fifth of India’s operational shopping centres have turned into ghost malls, burdened by high vacancies, weak tenant mixes, and ageing assets struggling to retain relevance in a rapidly evolving retail consumption market.Built during the early-2000s retail expansion wave, many of these properties now operate far below capacity as footfalls concentrate in newer Grade A destinations and high streets regain dominance.India’s ghost mall inventory stands at 15.5 million sq ft of inactive space across 74 shopping centres in 32 cities. Within this pool, 15 properties spanning 4.8 million sq ft hold viable reinvigoration potential and could together yield Rs 357 crore in annual rental revenue, according to a Knight Frank India assessment.Tier 1 cities hold 11.9 million sq ft of this
