eznews.inThe Indian government is adopting a gradual approach to minority stake sales in Central Public Sector Enterprises (CPSEs) as part of its revenue strategy, according to a senior Finance Ministry official. This decision comes amid concerns over revenue fluctuations, particularly due to a slowdown in GST collection growth. The recent successful minority stake sale in Bank of Maharashtra, which saw bids nearly five times oversubscribed, exemplifies this strategy, allowing for minimal disruption and political backlash. The government plans to continue selling stakes in CPSEs to meet the Minimum Public Shareholding norm of 25%. With 66 CPSEs and 16 public financial institutions listed, the government holds significant share value, providing ample opportunity for revenue generation. The focus has shifted from mere divestment to value creation, with the Department of Investment and Public Asset Management (DIPAM) emphasizing more Offer for Sale (OFS) transactions and potential IPOs in the future. 
Published: Dec 07 2025, 4 pmeznews.inIn October, India's coal imports exhibited a mixed trend, with overall shipments declining by 3.9% to 20.97 million tonnes (MT) compared to 21.84 MT a year earlier, largely due to a surplus in the domestic market. However, coking coal imports rose by 12% to 5.04 MT, up from 4.50 MT in the same month last year, driven by steel mills' winter restocking efforts. Coking coal, essential for steel production, sees increased demand as manufacturers prepare for potential disruptions in transportation during colder months. Looking ahead, import levels are expected to remain subdued, with higher domestic production anticipated in the fourth quarter, according to mjunction MD & CEO Vinaya Varma. The government is actively working to boost domestic coal supplies, aiming to meet demand through local production and reduce reliance on imports, particularly through initiatives like the Coking Coal Mission launched in 2024.
Published: Dec 07 2025, 3 pmeznews.inIndia's emerging tech firms are transforming cross-border real estate investment, with the UAE becoming a key testing ground for AI-driven proptech innovations. As Indian companies expand their global reach, the UAE's pro-business environment and high digital adoption rates have attracted them to establish a presence in Dubai. This shift signifies a move beyond merely exporting technology, as Indian enterprises now play a pivotal role in reshaping the Gulf's digital economy. Gagan Arora, Founder of Vertex Group, emphasized their commitment to facilitating seamless access for Indian investors to the UAE real estate market through partnerships, aiming to simplify cross-border property investments. In 2024, Indian buyers represented 22% of Dubai's property transactions, investing nearly AED 35 billion. With record-breaking real estate values and a total of AED 893 billion in transactions across the emirates, the UAE continues to solidify its status as a prime destination for Indian businesses and investors.
Published: Dec 07 2025, 3 pmeznews.inCorteva Agriscience is intensifying its focus on biological crop protection solutions in India, particularly biocontrols and biostimulants, as climate change and pest resistance escalate challenges for farmers. During a recent visit, Brook Cunningham, Corteva's president for Asia-Pacific, highlighted India's potential as a key market, bolstered by government support for natural farming and gene-editing technologies. The company is investing significantly in microbial solutions to enhance plant defenses and combat pests, viewing biologicals as complementary to traditional chemical methods. With India’s agricultural landscape supporting 1.4 billion people on limited land, Corteva aims to boost yields for small farmers and meet its ambitious financial targets. However, regulatory hurdles pose challenges, with slow approval processes hindering innovation. Corteva is committed to collaborating with local innovators and advocating for science-based regulations to foster a conducive environment for agricultural advancements.
Published: Dec 07 2025, 3 pmeznews.inIndiGo Airlines is facing a significant operational crisis, with over 400 flights cancelled on December 5, 2025, due to pilot-rostering issues, leaving many passengers stranded for up to three days. This disruption comes at a critical time for Rajasthan's tourism sector, which is currently in its peak season, typically bustling with holiday travelers. Tour operators report a surge in cancellations, particularly for Christmas and New Year bookings, as uncertainty over flight operations leads to a halt in new reservations. The impact is felt across hotels, local transport providers, and tourist guides, with many reporting a sharp decline in demand. Despite these challenges, officials remain hopeful that Rajasthan's robust tourism infrastructure and ongoing promotional efforts will facilitate a swift recovery once normal flight services resume. The state aims to diversify its tourism offerings to attract visitors year-round, enhancing its position as a leading destination in India's tourism landscape.
Published: Dec 07 2025, 3 pmeznews.inIndiGo, India's largest airline, is grappling with its most significant operational crisis, resulting in the cancellation of hundreds of flights nationwide due to a combination of new pilot duty-time regulations and a lean staffing model. Over the past week, the airline has cancelled more than 650 flights in a single day, disrupting travel plans for tens of thousands of passengers, many of whom missed critical events such as weddings and job interviews. The crisis stems from regulatory changes aimed at reducing pilot fatigue, which IndiGo failed to adequately prepare for, leading to a shortfall in required pilots. As chaos unfolded at major airports, the Directorate General of Civil Aviation (DGCA) intervened with fare caps and initiated an inquiry into the airline's operations. IndiGo has since announced measures to support affected passengers, including refunds and waivers, while a Crisis Management Group has been established to oversee recovery efforts.
Published: Dec 07 2025, 3 pmeznews.inIndiGo Airlines has cancelled nine flights at Agartala's MBB Airport on Sunday, following a similar pattern from the previous day, where the airline also scrapped nine flights. According to MBB Airport Director KM Nehra, IndiGo operates a total of 11 flights from the airport, but only two will proceed as scheduled. The cancellations have led to a significant spike in airfares on the Agartala-Kolkata route, with prices soaring from ₹3,200 to between ₹11,000 and ₹13,000 per ticket. While other airlines, including Akasa and Air India Express, are maintaining their schedules, a senior state government official noted that the situation is being monitored closely, although they have received no updates regarding increased train services to alleviate travel disruptions. The ongoing flight cancellations are part of a broader issue affecting over 220 flights at Delhi and Mumbai airports, as efforts continue to restore normal operations.
Published: Dec 07 2025, 2 pmeznews.inIn a significant disruption to air travel, IndiGo has cancelled 150 flights from Bengaluru on Sunday, following the cancellation of 104 flights the previous day, due to a pilot shortage affecting operations nationwide. Over the weekend, more than 400 flights were cancelled across four major airports, with a total of 220 flights impacted in Mumbai and Delhi alone. In response to the ongoing crisis, a parliamentary panel is expected to summon senior executives from private airlines and the civil aviation regulator to address the situation. The committee, chaired by JD(U) leader Sanjay Jha, aims to investigate the causes of the disruptions and explore potential solutions. IndiGo has announced the establishment of a Crisis Management Group to monitor the situation closely. The airline's operational challenges have raised concerns among travellers and prompted scrutiny from regulatory authorities.
Published: Dec 07 2025, 2 pmeznews.inIndiGo Airlines faced significant operational disruptions over the weekend, cancelling over 220 flights at Delhi and Mumbai airports, marking the sixth consecutive day of turmoil. The cancellations, which affected hundreds of flights and inconvenienced thousands of passengers, prompted the Directorate General of Civil Aviation (DGCA) to issue notices to IndiGo's CEO Pieter Elbers and COO Porqueras, demanding explanations for the extensive flight disruptions. The DGCA cited inadequate arrangements for the implementation of the new Flight Duty Time Limitations (FDTL) scheme as a primary cause. Following a serious meeting with civil aviation officials, IndiGo was instructed to restore normal operations and ensure prompt ticket refunds. In response to the ongoing crisis, the government has initiated measures, including capping airfares and establishing a four-member inquiry panel to investigate the situation and recommend corrective actions within 15 days.
Published: Dec 07 2025, 1 pmeznews.inStranded passengers at Sardar Vallabhbhai Patel International Airport in Ahmedabad are facing significant disruptions due to the cancellation of 21 IndiGo flights by midday Sunday, with the number expected to rise throughout the day. This follows a troubling Saturday, during which 72 flights were cancelled, including 34 arrivals and 38 departures. In response to the crisis, an IRCTC helpdesk kiosk has been established outside the domestic terminal to assist affected travelers in opting for train travel. Indian Railways is running 89 special train services over the next three days to accommodate the surge in demand. Among these, the Mumbai Central-Bhiwani Superfast Special and Mumbai Central-Shakur Basti Superfast Special trains will operate on specific schedules, providing vital connections for passengers. The situation continues to evolve as authorities work to manage the fallout from the ongoing flight cancellations.
Published: Dec 07 2025, 1 pm
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