Industry Trends

Zaggle aims to issue 1 million credit cards in 5 years after Rio acquisition

Zaggle plans to issue up to one million credit cards over the next five years after acquiring Rio, the co-branded card platform with Yes Bank. Founder Raj P Narayanam expects the rebranded payments business to deliver ₹500 crore in revenue and over ₹50 crore EBITDA through the expansion period.

Industry Trends

A perfect storm: The five factors that crashed IndiGo’s operations

Although IndiGo’s data for November showed a healthy pilot roster and normal flight operations, internal lapses in preparing for the new FDTL Phase 2 norms created a hidden vulnerability. Once tighter rest rules, rising fatigue reports and crew-accommodation bottlenecks converged, routine delays quickly snowballed into large-scale cancellations across the network.