Shares of InterGlobe Aviation, the parent of IndiGo, remained under heavy pressure on Monday, extending a sharp sell-off that has wiped out more than Rs 37,000 crore in market value in less than a week, as operational turmoil rattled investor confidence.The stock slid as much as 10% to Rs 4,842 during intraday trade, marking its…
A low inflation environment, characterised by low core inflation, primarily provided policy space. (AI image) By Dipti DeshpandeAfter a five-month pause, the Monetary Policy Committee (MPC) of the Reserve Bank of India reduced the repo rate again.This action was complemented by additional liquidity-easing measures aimed at speeding up transmission to the real economy at a…
India’s defence aviation is set for a major boost, as Tata Advanced Systems and Lockheed Martin begin a dedicated Maintenance, Repair and Overhaul (MRO) facility for the C-130J Super Hercules aircraft. The groundbreaking, that took place in Bengaluru on Monday, marks the latest expansion in the two companies’ long-running industrial ties.The ceremony was attended by…
China ended November with a historic milestone, recording an annual trade surplus of more than $1 trillion for the first time. Official figures released on Monday show that booming exports to markets outside the United States more than compensated for shrinking US demand.The breakthrough came only weeks after Presidents Xi Jinping and Donald Trump negotiated…
When people tell me about their stock market disasters, the story is almost always familiar. It’s rare, “I bought a solid company at a sensible price, held it for years, and it went to zero.” What I usually hear is closer to, “I bought stock based on this story… this penny stock… this F&O trade…
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Flight disruptions continued on Monday (PTI image) NEW DELHI: IndiGo’s operational crisis entered its seventh consecutive day on Monday, with more than 400 large-scale flight cancellations continuing across major airports, leaving thousands of passengers stranded nationwide.Meanwhile, the Supreme Court has declined to hear a plea seeking judicial intervention in the cancellation of hundreds of flights,…
Goldman Sachs has a buy on Maruti Suzuki with the target price at Rs 19,000. Analysts said that for the auto major small car elasticity, Product cycle inflection and addition to the global financial services major’s APAC conviction list are some of the strong positives. They believe post GST-cuts, elasticity for small cars is favourable…
Top stocks to buy (AI image) Stock market recommendations: According to Sudeep Shah, Head – Technical Research and Derivatives, SBI Securities, the top stock picks for this week are AB Capital, and Indus Towers. Here’s his view on Nifty, Bank Nifty for the week starting December 8, 2025:Nifty ViewThe benchmark index Nifty began December on…
NEW DELHI: InterGlobe Aviation, the parent company of IndiGo, saw its stock plunge over 7% on Monday morning as the airline’s flight cancellations and disruptions extended into a seventh consecutive day. The shares dropped to Rs 4,976.40, down Rs 394.90 (7.35%) as of 11.25am on the BSE amid growing scrutiny from regulators and intensifying passenger…
