IndiGo faces significant financial headwinds due to widespread flight cancellations extending through December, impacting revenue by an estimated 5-7%. The airline is also grappling with increased pilot costs due to new regulations. Analysts, however, view this as a temporary operational blip, with operations expected to stabilize within weeks.Read More

Fino Payments Bank fell 6% to Rs 295.75 even after becoming the first Payments Bank in India to get RBI’s in-principle approval to convert into a Small Finance Bank (SFB). The transition is aimed at expanding its product portfolio, lending operations, and customer reach.Read More

Kesoram Industries surged 20% after Frontier Warehousing acquired a 42.8% controlling stake through a block deal, marking the Birla family’s full exit from the company. The stake purchase follows the earlier demerger of Kesoram’s cement business into UltraTech, leaving the firm focused on its non-cement operations.Read More

The rupee depreciated 16 paise to 90.11 against the US dollar in early trade, influenced by elevated crude oil prices and consistent foreign fund outflows. Strong dollar demand from corporates and importers also pressured the rupee. Investors are now awaiting the Fed’s policy outcome and upcoming trade talks between India and the US.Read More

SpiceJet shares spiked intraday as operational disruptions at rival IndiGo boosted demand for its services. Despite the short-term rally, the stock remains fundamentally weak, with bearish technical indicators, high promoter pledging, and declining institutional interest. Q2 FY25 results further reflected stress, with revenue falling sharply and losses widening.Read More

Kaynes Technology shares continued their three-day decline, falling nearly 19% as investor concerns escalated following Kotak Equities’ report highlighting major inconsistencies in financial and related-party disclosures. Missing inter-company transactions, rising contingent liabilities, and accounting issues deepened the pressure.Read More

The Reserve Bank of India cut the repo rate by 25 basis points to 5.25% and raised its GDP growth forecast to 7.3% for FY26. The central bank also announced significant liquidity measures, including open market purchases of government bonds worth ₹1 lakh crore, signaling a supportive stance for economic growth.Read More

Morgan Stanley now expects the Federal Reserve to cut interest rates by a quarter-percentage point in December, aligning with J.P. Morgan and BofA Global Research. This shift follows softer economic data and dovish remarks from Fed officials. The firm anticipates further cuts in January and April, projecting a terminal rate of 3.0%-3.25%.Read More

The upcoming U.S. Federal Reserve meeting is drawing intense market focus amid a rare internal split among policymakers over a potential rate cut. At the same time, major central banks globally — including those in Switzerland, Australia, Canada and Turkey — are set to announce policy decisions. Fresh data from China, persistent inflation risks, and...Read More

IndiGo’s parent InterGlobe Aviation slumped, extending its seven-session slide to 15%, as major pilot duty-time rule changes caused record flight cancellations and prompted brokerages to cut price targets. Despite higher costs and operational setbacks, UBS retained its Buy call, citing IndiGo’s strong long-term growth and international expansion strategy.Read More