IndiGo faces a 10% flight cut by the government. This follows thousands of cancellations due to pilot shortages. The Directorate General of Civil Aviation mandated the reduction. Other airlines are asked to increase flights. Fare caps are in place for short-haul routes. IndiGo is working to improve operations and pilot capacity.Read More
TotalEnergies is reportedly set to offload a 1.5% stake in Adani Green Energy Ltd (AGEL) via block deals on Wednesday, December 10. The transaction involves selling approximately 2.47 crore shares at a floor price of Rs 970, potentially raising nearly Rs 2,400 crore. Jefferies is brokering the deal, which is subject to market conditions and...Read More
Shri Kanha Stainless will list on NSE SME on December 10. The IPO saw steady retail investor response. The company manufactures stainless steel strips for various industries. Strong financial performance is reported. IPO funds will support expansion and debt repayment. The listing is expected to be driven by company fundamentals and market sentiment.Read More
Indian markets watched global cues as the S&P 500 closed lower. Investors braced for a hawkish stance from the US Federal Reserve even as a rate cut was expected. JPMorgan Chase’s forecast of higher expenses impacted the benchmark index. Meanwhile, Treasury yields rose, adding to market jitters ahead of the Fed’s policy update.Read More
RBI Governor Sanjay Malhotra met bank chief executives, emphasizing that rate cuts and technology adoption should lower costs and boost efficiency for sustainable growth and financial inclusion. He also urged banks to enhance digital fraud safeguards and improve customer service by reducing grievances and strengthening internal systems.Read More
Aditya Birla Renewables Limited (ABREN) secured up to ₹3,000 crore from Global Infrastructure Partners (GIP), now part of BlackRock. This significant investment values ABREN at approximately ₹14,600 crore and will fuel its expansion to over 10 GW of renewable energy capacity across India.Read More
The Securities & Exchange Board of India (Sebi) has been empowered by the government to order social media platforms to remove unlawful stock-related content. This directive, issued by the finance ministry, aims to combat misleading information spread by financial influencers and other entities. The move addresses the growing concern over content scrutiny as millions invest...Read More
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