'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.'
An Air India Airbus A350 sustained engine damage after ingesting a baggage container while taxiing at Delhi airport. The incident occurred after the flight returned to Delhi due to the unexpected closure of Iranian airspace. The DGCA is investigating.
Cooking oil is often discarded after being used for frying at home or in restaurants. However, a refinery of IndianOil has now won a certification to use the same oil to produce sustainable aviation fuel (SAF), the company chairman Arvinder Singh Sahney said.
'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.
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.
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.
The board of InterGlobe Aviation, the parent of IndiGo, has already set up a crisis management group in the wake of the significant operational disruptions that started on December 2.
Civil Aviation Minister Ram Mohan Naidu addressed the Lok Sabha regarding the recent IndiGo flight disruptions, assuring that the airline will be held accountable and strict action will be taken for non-compliance and passenger hardship.
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 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.
With 7.64 million seats, the Mumbai-Delhi route in 2025 was the eighth busiest route in the world.
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 regulator DGCA intensifies scrutiny of IndiGo following widespread flight cancellations. The airline will offer travel vouchers to affected passengers.
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.
An Air India Express flight bound for Visakhapatnam was cancelled at Gannavaram Airport due to a technical issue detected before takeoff. Passengers included prominent figures like former Vice President M Venkaiah Naidu.
The Indian Navy commissioned its second squadron of MH-60R (Romeo) anti-submarine helicopters, INAS 335 'Ospreys', at INS Hansa naval base. The commissioning ceremony was attended by Chief of Naval Staff Admiral Dinesh Tripathi, who emphasized the importance of strengthening maritime security.
The Union Budget for 2026-27, presented by Finance Minister (FM) Nirmala Sitharaman on Sunday, which was a first, had an excellent domestic macro backdrop. According to the first advance estimates, gross domestic product (GDP) in constant prices is projected to grow 7.4 per cent in the current financial year, against 6.5 per cent in 2024-25.
In recent times, there have also been instances of GPS spoofing and interference incidents at Delhi, Mumbai, Kolkata, Amritsar, Hyderabad, Bangalore and Chennai airports.
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.
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.
Tata Sons Chairman N Chandrasekaran on Saturday said Air India, which is undergoing a transformation, is not just a business opportunity but a "responsibility" for the Tata Group.
IndiGo is operating 1,650 flights of its 2,300 daily domestic and international flights on 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.
'The CCI will first need to take a prima facie view on whether IndiGo's role warrants a detailed investigation.'
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.
Aviation regulator Directorate General of Civil Aviation (DGCA)'s chief Faiz Ahmed Kidwai on Friday requested the cooperation of all pilots to ensure smooth flight operations amid massive IndiGo flight disruptions.
'I don't think it is right to remove him over one lapse. The focus should be on restoring operations, not on removing a key management personnel.'
Worries about global politics and trade are pulling the Nifty 50 down. Experts say the market could drop further low.
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.
The Delhi High Court refused to entertain a PIL seeking compensation for passengers affected by IndiGo flight cancellations, citing an ongoing related case.
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.
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.
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.
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.
Union minister Murlidhar Mohol addressed the preliminary report on the Ahmedabad plane crash, urging caution and emphasizing the need for further investigation.
'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.'
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.
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.
Reliance Industries cracked 4.42 per cent, while ITC, Kotak Mahindra Bank, InterGlobe Aviation, and HDFC Bank were also among the laggards. However, ICICI Bank, Sun Pharma, Hindustan Unilever, and State Bank of India were among the gainers.
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