IndiGo will suspend planned flights to seven destinations in the Middle East, including Doha, Kuwait and Sharjah, till March 28 amid conflict in the region. The decision is part of the airline making adjustments to its operations to the Middle East, wherein it would be operating 252 weekly flights to and from the region during the period from March 16 to 28. In a statement on Saturday, the airline said it would continue to monitor the situation given the ongoing geopolitical risk, airspace restrictions, airport constraints, consistently rising fuel and insurance costs, and other uncertainties. According to the statement, the airline is aligning capacity with the current conditions while maintaining essential connectivity. "As part of these necessary network adjustments, planned operations to Doha, Kuwait, Bahrain, Dammam, Fujairah, Ras Al Khaimah and Sharjah will remain suspended till 28 March 2026," it said. The conflict involving the US, Israel and Iran that started on February
- Business Standard
- 9 hours 54 minutes ago
We advise sticking to the stop-loss judiciously to protect profit and capital as the market is in high volatile zone
- Business Line
- 10 hours 52 minutes ago
The National Consumer Disputes Redressal Commission (NCDRC) has directed Axis Bank to pay Rs 3.19 crore to a Delhi-based logistics company, holding the bank guilty of "deficiency in service" for refusing to accept demonetised currency notes for deposit during the 2016 demonetisation window. The commission, comprising presiding member AVM J Rajendra and judicial member Anoop Kumar Mendiratta, was hearing an appeal filed by Procure Logistics Services Pvt Ltd against the Axis Bank. In an order dated March 10, the commission said, "The bank clearly failed by repeatedly disallowing the complainant to deposit the notified cash into its own KYC-compliant account, despite multiple requests and persisted with this till the entire timeline lapses." It was alleged that the bank refused to accept the notes during the limited period allowed after the government announced demonetisation on November 8, 2016. The commission noted that nothing prevented the bank from accepting the cash and reportin
- Business Standard
- 15 hours 21 minutes ago
The report noted that the recent geopolitical developments have added an additional layer of risk to the overall macro environment, particularly if crude oil prices remain elevated for a prolonged period
- Business Line
- 17 hours 32 minutes ago
As crude oil surges past $100 amid the ongoing Middle East conflict, brokerage Systematix Institutional Equities recommends buying stocks like Reliance Industries, Deep Industries and others, citing strong upside potential driven by tightening global supply dynamics.
- Economic Times
- 19 hours 23 minutes ago
JSW Steel targets to produce 2.4 mtpa of hard coking coal over 2.5 years
- Business Line
- 19 hours 36 minutes ago
Hindalco invokes force majeure clauses in supply contracts with buyers of its extruded aluminium products
- Business Line
- 20 hours ago
Titan's Helios Luxe has partnered with German watchmaker Alexander Shorokhoff to introduce limited-edition watches in India, targeting the country's fast-growing accessible luxury segment
- Business Standard
- 1 day 14 hours ago
Among Indian carriers, IndiGo has the largest pilot base at 5,200, with a pilot-to-aircraft ratio of 7:6
- Business Line
- 1 day 15 hours ago
Even as tensions stemming from the West Asia crisis unsettle global markets, investors have shown little willingness to part with Adani Group's dollar bonds, despite a buyback by its ports arm, Adani Ports and Special Economic Zone Ltd (APSEZ). On March 12, APSEZ, India's largest private port operator, completed a cash tender offer to repurchase parts of two series of US dollar-denominated senior notes, trimming its outstanding debt by about USD 199.5 million, people with direct knowledge of the matter said. The offer covered up to USD 345.1 million of 4 per cent notes due in 2027 and USD 150 million of 3.10 per cent notes due in 2031, suggesting a potential buyback of roughly USD 495 million. Yet bondholders offered back far less than that. APSEZ eventually accepted USD 102.1 million of the 2027 notes and USD 97.5 million of the 2031 notes, they said. In effect, more than 60 per cent of investors chose to keep their bonds, declining the opportunity to exit through the tender...
- Business Standard
- 1 day 15 hours ago
