News Digest
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IndiGo Chairman denies crisis was engineered, says safety and fatigue norms fully followed
IndiGo’s chairman rejects claims the airline engineered its recent crisis, insisting safety was never compromised, rules weren’t influenced, and all pilot fatigue norms were fully followed; disruptions weren’t deliberate.
466 SEZ units shut in last 5 years, shows official data
Foxtale expands beyond skincare with new bodycare brand ‘Hula Hoop’
The launch of Hula Hoop marks the beginning of Foxtale’s broader multi-brand ambitions. Leveraging years of R&D and a disciplined SKU strategy, the company aims to scale new categories without diluting its core identity.
IndiGo chaos sends Rahul Bhatia out of the $10 billion club
IndiGo’s cancellations have erased $5 billion in value, knocking founder Rahul Bhatia’s net worth below $10 billion as regulator-mandated cuts and operational strains deepen market worries.
SAT upholds order transferring Sahara Life policies to SBI Life
The tribunal dismissed an appeal filed by Sahara India Life against the June 2, 2023 IRDAI directive, which required the immediate transfer of policies, assets and related obligations to SBI Life.
Tata Steel to acquire 50% stake in Thriveni Pellets for up to ₹636 crore
Thriveni Pellets Private holds 100% stake in Brahmani River Pellets Ltd (BRPL), which operates a 4MTPA pellet plant at Jajpur, Odisha, along with a 212-kilometre slurry pipeline. Shares of Tata Steel Ltd ended at ₹162, up by ₹1.33, or 0.83%, on the BSE today, December 10.
AI skilling and capability building will determine India’s competitive edge, says KPMG’s Akhilesh Tuteja
Global tech giants Amazon and Microsoft are investing tens of billions in India’s AI infrastructure, but experts say the country’s long-term advantage will come from building skilled talent and capabilities. KPMG’s Akhilesh Tuteja highlights that training millions in AI and creating equitable access will be key to ensuring India remains competitive in the global digital economy.
Google launches sub-$5 AI Plus plan in India to compete with ChatGPT Go
For new users in India, Google is offering an AI Plus subscription for ₹199 ($2.21) for the first six months, after which you'll have to pay ₹399 ($4.44).
IndiGo flight cancellations trigger ₹1,000 crore loss across Delhi’s trade and tourism sectors
IndiGo’s mass flight cancellations have caused a ₹1,000 crore blow to Delhi’s trade and tourism sectors, sharply reducing visitor movement and triggering widespread business and booking losses.
Amazon targets $80 billion India exports by 2030, bets on AI to turbocharge global sales
Amazon’s renewed export ambitions come at a moment when AI-led automation is beginning to overhaul how small businesses design products, build brands, and serve global customers. By integrating generative AI across cataloguing, marketing, logistics, and forecasting functions, the company expects India’s micro-export ecosystem to scale faster than ever—broadening participation beyond established sellers and accelerating the country’s shift toward technology-enabled global trade.
US bankruptcy court reverses $1 billion damages against Byju Raveendran
A US bankruptcy court reversed the 1 billion dollar damages ruling against Byju Raveendran, ordering a new phase in January 2026 after fresh evidence on the GLAS Trust dispute.
Telangana signs MoU with KETO Motors for ₹300 crore electric bus plant, 2,000 jobs planned
KETO Motors has signed an MoU with the Telangana government to invest ₹300 crore in an electric bus manufacturing facility at Jadcherla, announced at the Telangana Rising Global Summit 2025, with 2,000 jobs planned.
Sensex, Nifty drop for third session; Midcap rout deepens ahead of Fed meet
Midcaps saw deeper cuts, with the Nifty Midcap index sliding 668 points to 59,007, while the Nifty Bank lost 262 points to 58,960 as financial stocks weakened.
Acquisition of Jayhawk Fine Chemicals to accelerate Anupam Rasayan's global growth
Anupam Rasayan CEO Gopal Agrawal said the deal with US-based Jayhawk Fine Chemicals aligns with the company’s strategy to diversify beyond agrochemicals, leverage Jayhawk’s niche chemistries, and unlock growth through capacity expansion and customer access. He expects synergies to support margin improvement while maintaining low leverage on the balance sheet. The acquisition follows a strong year for the company, with shares gaining more than 71%.
Uber rolls out B2B logistics and metro ticketing in Bengaluru via ONDC
Uber launched Uber Direct for B2B logistics and metro ticketing in Bangalore via ONDC, partnering with Zepto, KPN Farm Fresh, KFC, Burger King, Taco Bell, and Rebel Foods for deliveries.
Meesho makes market debut, lists at 46% premium
Amazon to invest over $35 billion in India through 2030
Amazon will invest over 35 billion dollars in India by 2030, focusing on AI, exports, and jobs, aiming to digitise 15 million small businesses and boost e-commerce exports to 80 billion dollars.