Industry Trends
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.
Industry Trends
466 SEZ units shut in last 5 years, shows official data
Industry Trends
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.
Industry Trends
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.
Industry Trends
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.
Industry Trends
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.
Industry Trends
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.
Industry Trends
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).
Industry Trends
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.