Business

Leh: Defence Minister Rajnath Singh Sunday said India is witnessing a paradigm shift in defence manufacturing, from being an import-dependent nation to an emerging producer-exporter. He said the country once lacked a robust system to manufacture arms and equipment domestically, but sustained efforts over the...

New Delhi: IndiGo, the airline that once redefined punctuality and scale in India, cancelled hundreds of flights nationwide, undone by its biggest operational crisis yet: a potent mix of misjudged pilot requirements under new rules and a risky "lean-staffing" or "buffer-deficit" model. Regulatory changes to...

Jerusalem: The ties between Israel and India are "very strong", and there are "endless opportunities" for collaboration between the two countries, Israeli officials have said while describing the India-Middle East-Europe Economic Corridor (IMEC) project as a "very good" initiative. They also said the two countries...

New Delhi: Foreign investors have pulled out Rs 11,820 crore (USD 1.3 billion) from Indian equities in the first week of this month, primarily driven by the sharp depreciation of the rupee. This sharp withdrawal follows a net outflow of Rs 3,765 crore in November,...

New Delhi: The combined market valuation of five of the top-10 most valued firms surged by Rs 72,284.74 crore last week, with Tata Consultancy Services (TCS) and Infosys emerging as the biggest winners. While Bharti Airtel, TCS, ICICI Bank, Infosys and Bajaj Finance were the...

New Delhi: IndiGo is operating 1,650 flights of its 2,300 daily domestic and international flights Sunday, and 650 remain cancelled for the day, amid the airline's operations gradually stabilising after massive disruptions in the last five days, the airline said. IndiGo also said it is...

Bhubaneswar: Odisha government has set an ambitious target to have at least 15 fully operational airports by 2047, when India is going to celebrate 100 years of independence, an officer said Sunday. The programmes undertaken to achieve the target were discussed at the 4th Meeting...

New Delhi: A Parliamentary panel is likely to summon top executives of private airlines and the civil aviation regulator over the mass cancellation of IndiGo flights that has left thousands of travellers stranded across the country's airports. The Parliamentary Standing Committee on Transport, Tourism and...

Mumbai: IndiGo reportedly cancelled more than 220 flights at Delhi and Mumbai airports Sunday as large-scale disruptions entered the sixth day, prompting urgent monitoring by the airline’s board and scrutiny from aviation authorities. The cancellations and delays over the past several days have caused hardships...

New Delhi: The Directorate General of Civil Aviation (DGCA) has held IndiGo’s top management accountable for ongoing flight disruptions, issuing a show-cause notice to its CEO Pieter Elbers, as the low-cost airlines cancelled more flights Sunday amid an ongoing crisis. The aviation regulator has sought...