MUMBAI: RBI deputy governor Poonam Gupta has responded to recent IMF comments questioning the quality of India’s growth data and classifying the rupee’s exchange rate regime as a “crawling peg” within a managed float system.On the concern regarding data quality, Gupta said that the IMF’s critique is more procedural than substantive. “The point that they’re…
Despite global economic uncertainties, geopolitical disruptions, and softened demand in some markets, India’s merchandise exports continue to demonstrate resilience, the government said on Friday. “There is, as of yet, no conclusive evidence that the export trends are attributable specifically to any tariff-related action. India’s export sectors continue to demonstrate strength and diversification,” MoS for commerce…
Representative image (AI-generated) NEW DELHI: IndiGo’s nationwide operational crisis entered its fifth day on Satuday, with the airline cancelling over 800 flights, even as the government tightened oversight, imposed fare caps, ordered immediate refunds and warned of regulatory action for any non-compliance. While the disruptions continued to affect thousands of passengers across the country, the…
India has recorded its highest-ever annual addition of clean energy capacity, with 31.25 GW of non-fossil power added in the current financial year so far, Union minister for new and renewable energy Pralhad Joshi said on Friday, highlighting the country’s accelerating energy transition. Of the total addition, solar capacity alone accounted for 24.28 GW, underscoring…
As many as 87% of IndiGo passengers surveyed want the airline’s service deficiencies to be examined under the Class Action provisions of the Consumer Protection Act (CP Act), 2019, following widespread flight cancellations and delays, according to a survey cited by PTI.The survey, conducted by LocalCircles, comes in the wake of IndiGo cancelling hundreds of…
The airline recorded the largest number of flight cancellations by an Indian carrier in the nation’s aviation history. (ANI photo) IndiGo flight cancellations latest news: IndiGo has said that it expects to operate more than 1500 flights by day’s end on Saturday, having restored over 95% of network connectivity by serving 135 out of 138…
Five days after widespread flight disruptions triggered by IndiGo cancellations, Tata Group-owned Air India on Saturday announced a special waiver on change and cancellation charges for eligible domestic bookings, aiming to offer relief to affected travellers, PTI reported.The airline said customers who booked tickets on Air India or its subsidiary Air India Express on or…
Deliveries of Russian oil to India are projected to decrease to around 600,000 barrels per day next month. (AI image) Donald Trump’s sanctions on Russian crude majors may have the effect of India’s oil imports from Russia dropping to a four year low in January 2026. The Trump administration has been piling pressure on India…
NEW DELHI: The ministry of civil aviation on Saturday issued a fare-cap order to curb steep price surges across domestic routes following widespread flight cancellations by IndiGo. However, it did not name the airlines directly and referred it to as “one of India’s major airlines”.In order no 01/2025, the ministry said the disruptions had led…
Volkswagen Group plans to invest €160 billion ($186 billion) through 2030, a scaled-down outlay that reflects tightening capital allocation as Europe’s largest automaker grapples with mounting pressure in its two biggest markets — China and the United States, Reuters reported.The investment figure, announced by Volkswagen CEO Oliver Blume, is part of the company’s rolling five-year…
