As many as 17 cancer drugs, along with medicines and food for special medical needs for seven rare diseases, components for microwave ovens are some of the items that are set to become cheaper with Finance Minister Nirmala Sitharaman announcing cuts in customs duty in the Union Budget 2026-27.
Union Minister assures accountability after IndiGo flight cancellations cause widespread passenger distress and mental harassment. The DGCA has launched an inquiry and issued a notice to IndiGo.
From the 30-Sensex firms, Eternal declined by 4.02 per cent, followed by Bajaj Finance (3.88 per cent), Sun Pharma, InterGlobe Aviation, Trent, Asian Paints, Mahindra & Mahindra and Bajaj Finserv. HDFC Bank emerged as the only gainer from the pack.
Bharat Electronics, Reliance Industries, Mahindra & Mahindra, Larsen & Toubro, InterGlobe Aviation, ICICI Bank and UltraTech Cement were among the other major gainers. Axis Bank, Infosys, Tata Consultancy Services, Trent and Titan were the laggards.
Aviation safety regulator Directorate General of Civil Aviation (DGCA) on Monday said it has received IndiGo's response to the show cause notice issued over the large-scale flight cancellations and will take enforcement action.
'The CCI will first need to take a prima facie view on whether IndiGo's role warrants a detailed investigation.'
The trails of mega-mergers, tailwinds of expanding fleets, flights and airports will dot the fast-growing Indian aviation firmament in 2025, though the dark clouds of supply chain woes will persist longer. Also, new airline takeoffs, the future trajectory of revised norms to tackle pilot fatigue and efforts to reduce carbon emissions will be on the radar.
India's largest airline IndiGo on Thursday reported a 78 per cent decline in December quarter net profit at Rs 549.1 crore as flight disruptions and implementation of the new labour code took a toll on its earnings. The airline reported a net profit of Rs 549.1 crore in the October-December quarter, compared with Rs 2,448.8 crore earnings in the year-ago period, according to a company statement.
'Deeply shocked and terribly heartbroken to learn that we have lost Ajit Dada in a tragic accident.'
The last rites of Maharashtra Deputy Chief Minister Ajit Pawar, who died in a plane crash, will be held with full state honors in Baramati. Union Home Minister Amit Shah is expected to attend.
Captain Shambhavi Pathak, a pilot with VSR Ventures, was among those killed in the Learjet 45 crash in Baramati, Maharashtra. Her family in Delhi is devastated by the loss.
The Delhi High Court refused to entertain a PIL seeking compensation for passengers affected by IndiGo flight cancellations, citing an ongoing related case.
IndiGo has seen its pilots' strength depleting by 378 pilots in the last nine months despite its chief operating officer and Accountable Manager, Isidro Porqueras stating to the DGCA in a letter last December that "the overall impact of implementing the proposed changes above (now-implemented FDTL) norms would amount to an approximate 3 per cent increase in crewing requirements.
'Based on the joint statement, a formal agreement will be drafted, which may take a month or month-and-a-half to finalise. We aim to sign the formal agreement by mid-March.'
'IndiGo will receive a sharp rap on the knuckles -- a punishment, a huge penalty. 'I look towards them creating a compensation fund.' 'I would like to think they would do that for all the passengers who are affected on every single day since cancellations began.'
At least 148 flights were cancelled and over 150 flights were delayed at the Delhi airport on Wednesday due to dense fog and low visibility conditions.
The aviation regulator stated that the "primary cause" of the disruptions was IndiGo's failure to make "adequate arrangements" to meet the revised staffing, duty-time and rostering requirements under the newly implemented Flight Duty Time Limitations scheme.
ICICI Bank, Eternal, Titan, Adani Ports, Tata Consultancy Services and UltraTech Cement were also among the laggards. However, InterGlobe Aviation, Tech Mahindra, Hindustan Unilever and Bajaj Finance were among the gainers.
Aviation watchdog DGCA has set up a four-member committee to carry out a comprehensive review and assessment of the circumstances that led to the massive flight disruptions.
IndiGo has processed refunds totalling Rs 610 crore and delivered 3,000 pieces of baggage to passengers after recent flight disruptions, according to the government.
As she looked down at the Thames, she thought of the Brahmaputra. As she landed, smiling, it was clear that flying had never left her.
Nearly three decades after the ambitious project was first conceived to decongest the existing airport in the financial capital, the greenfield Navi Mumbai International Airport became a reality on Thursday as an IndiGo Airbus A320 from Bengaluru landed on the tarmac at 8 am amid a traditional water cannon salute.
Blaming Indigo entirely for the crisis, Naidu said that even on December 1, 2025, when the Ministry met with Indigo on FDTL, as it required some clarification, the company didn't flag the issue that caused the crisis.
An IAF aircrash investigation typically concludes in two/three odd months. The reason for the crash is usually established in a week's time.
This comes after Trinamool Congress chief Mamata Banerjee hinted at foul play behind the plane crash and demanded the Supreme Court's probe into the incident.
The "Sky Factory" will be one of the world's largest for electric vertical take-off and landing (eVTOL), a manufacturing and assembly process to make electric aircraft that can take off, hover, and land vertically. It will put India on the "map of next-generation aviation" and marks one of the most ambitious eVTOL initiatives in the world, said a state government statement.
The last rites of Maharashtra Deputy Chief Minister Ajit Pawar, who died in a plane crash, were held with full state honors in Baramati. Prominent leaders and thousands of mourners attended the funeral.
Indian equities declined on Friday, with the benchmark Nifty posting its worst weekly fall since September, as foreign investor sentiment remained weak amid tepid earnings growth and little progress on the India-US trade front.
Citing IndiGo flight disruptions, sources told PTI that the DGCA has decided to withdraw the provision 'no leave shall be substituted for weekly rest' from the FDTL norms.
India's duopoly in the domestic skies -- where IndiGo and Air India collectively control over 90 per cent of the market -- is highly skewed, leaving very little room for new players
IndiGo's CEO, Pieter Elbers, announced that the airline has stabilized operations after recent disruptions, focusing on resilience, root-cause analysis, and rebuilding. The airline had to cancel hundreds of flights due to planning issues linked to new pilot duty rules, crew shortages, winter weather and operational bottlenecks.
Civil Aviation Minister K Rammohan Naidu on Friday said various operational measures, including keeping new flight duty norms in abeyance, will help address the IndiGo flight disruptions, and complete restoration of services is expected in next three days.
To enable Indian banks and financial institutions to develop an aircraft-leasing ecosystem at GIFT City, the Ministry of Civil Aviation has sought support from the Ministry of Finance. It has also raised concern over slow progress in developing aircraft leasing in India.
The cost of any flight from Delhi and Mumbai could rise by up to Rs 3,000 soon unless the airport regulator is able to reverse a court order.
From the 30-Sensex firms, Trent, Larsen & Toubro, Reliance Industries, InterGlobe Aviation, Maruti, ITC, Adani Ports and Bharat Electronics were among the biggest laggards. In contrast, Eternal, ICICI Bank, Tech Mahindra, State Bank of India and Tata Consultancy Services were among the gainers.
Trading pattern in the stock market this week will largely depend on the ongoing Q3 earnings announcement from corporates, global trends, and foreign fund movement, analysts said. Moreover, geopolitical developments and any update on trade negotiations would also be keenly tracked by investors, experts noted.
A Buddha Air flight number 901 from Kathmandu to Bhadrapur skidded off the runway while landing at Bhadrapur Airport in Nepal's Jhapa district late Friday night.
Long queues, passengers in tears, and repeated flight cancellations created a morning of severe disruption at Ahmedabad's Sardar Vallabhbhai Patel International Airport on Saturday, as IndiGo continued to face nationwide operational delays.
The Indira Gandhi International Airport in the national capital is the country's busiest airport and RWY refers to runway.
Pilots' body Airlines' Pilots Association (ALPA) India on Friday took 'strong' objection to safety regulator Directorate General of Civil Aviation (DGCA)'s 'selective and unsafe' relief to domestic carrier IndiGo, amid widescale cancellations, saying the decision sets a dangerous precedent.
