eznews.inIndiGo is currently operating approximately 2,200 daily flights, both domestic and international, following a government-mandated 10% reduction in its schedule. In response, the Directorate General of Civil Aviation (DGCA) has established a committee to oversee the redistribution of vacated slots, ensuring that the process is fair and transparent. The committee will assess other airlines' requests for these slots, which will be reallocated based on their capacity to operate additional flights, including considerations for pilot and crew availability. IndiGo has assured the regulator of its operational stability, citing a surplus of 2,400 Airbus captains against a requirement of 2,280. However, industry executives express skepticism about the demand for the vacated slots, as the reductions have been strategically implemented, preserving key routes from Delhi and Mumbai while cutting back on others, including late-night flights. The service reductions are expected to last until at least the end of March. 
Published: Jan 20 2026, 10 pmeznews.inRallis India Ltd reported a significant decline in profit after tax (PAT) for the December quarter, posting ₹2 crore, an 81% drop from ₹11 crore in the same period last year, primarily due to an exceptional item related to wage code implementation. However, the company saw a 19% increase in revenues, reaching ₹623 crore, and a 29% rise in EBITDA to ₹58 crore. Managing Director Gyanendra Shukla highlighted that the quarter benefited from volume-led growth across various segments, including Crop Care and Seeds, driven by strong customer engagement and disciplined cost management. For the nine months ending December 2025, Rallis reported a 9% revenue growth to ₹2,441 crore and a 26% increase in PAT to ₹199 crore. The company also emphasized its commitment to innovation, launching a new herbicide and securing patents for its products, reinforcing its focus on enhancing its product portfolio and market presence.
Published: Jan 20 2026, 10 pmeznews.inEuropean Commission President Ursula von der Leyen announced at the World Economic Forum in Davos that the European Union is poised to finalize a landmark trade agreement with India, dubbed "the mother of all deals," which could create a market encompassing 2 billion people and a quarter of global GDP. Following her address, von der Leyen will visit India from January 25 to 27 to participate in Republic Day celebrations and engage in summit talks with Prime Minister Narendra Modi, where the free trade agreement (FTA) is expected to be officially concluded. This agreement aims to enhance bilateral trade, which reached USD 135 billion in 2023-24, and will also include a defence framework pact and a strategic agenda for 2026-2030. Amid rising concerns over U.S. trade policies, the EU and India are set to deepen their strategic partnership, which has been in place since 2004, with additional negotiations on security and defence cooperation.
Published: Jan 20 2026, 9 pmeznews.inIndiGo Airlines is actively seeking to hire approximately 50 pilots each month to stabilize its operations while maintaining a daily schedule of around 1,900 domestic flights, despite facing significant financial losses of ₹1,800-2,000 crore due to recent disruptions. Following a severe operational crisis in early December, which saw over 2,500 flight cancellations and delays affecting more than 300,000 passengers, the Directorate General of Civil Aviation (DGCA) has mandated a 10% reduction in IndiGo's flight schedule and advised against high-demand routes. The airline has wet-leased aircraft and adjusted its pilot performance metrics to enhance operational stability. Although the DGCA has imposed penalties totaling ₹22.20 crore for non-compliance with flight duty time limitations, it has noted improvements in IndiGo's crew availability and operational reliability. The regulator will continue its oversight, transitioning from daily to weekly monitoring after February 10, 2026.
Published: Jan 20 2026, 9 pmeznews.inThe Indian government has introduced significant amendments to the Central Motor Vehicles Rules, 1989, linking essential vehicle services, such as ownership transfer and fitness certification, to the clearance of outstanding toll dues on National Highways. The Ministry of Road Transport & Highways has enacted the Central Motor Vehicles (Second Amendment) Rules, 2026, which define "unpaid user fee" as amounts due for highway usage recorded by the Electronic Toll Collection system. Under the new provisions, a No Objection Certificate for vehicle ownership transfer will be withheld until all toll fees are settled, and the renewal or issuance of a Certificate of Fitness will also require payment of any outstanding dues. Additionally, commercial vehicles must clear unpaid user fees to obtain a National Permit. The amendments also streamline the application process for ownership transfer, mandating disclosure of any pending toll fees and facilitating electronic submissions through an online portal.
Published: Jan 20 2026, 9 pmeznews.inThe Indian government's recent Budget has set ambitious targets, aiming to generate ₹69,000 crore from dividends of Central Public Sector Enterprises (CPSEs) and ₹47,000 crore through Miscellaneous Capital Receipts. Despite facing sluggish tax collections, the Finance Ministry has already secured over ₹77,000 crore towards its ₹1.16 lakh crore goal, largely driven by state-run dividends. So far, CPSE dividend collections have reached ₹49,600 crore, representing approximately 72% of the Budget Estimate, with expectations that total receipts could exceed ₹70,000 crore. Key contributors to this dividend pool include the oil, power, and coal sectors. The revised 2024 policy mandates CPSEs to pay a minimum annual dividend of either 30% of profit after tax or 4% of net worth, a shift from the previous requirement based on government equity. Additionally, stake sales in CPSEs, categorized under Miscellaneous Capital Receipts, have contributed significantly to the budget's financial targets.
Published: Jan 20 2026, 8 pmeznews.inSyngenta has announced a significant expansion of its Global Capability Center (GCC) in Pune, which currently employs over 1,100 professionals and plays a crucial role in supporting the company's global operations in finance, IT, and digital functions, particularly within the AMEA region. This expansion highlights Pune's growing importance in Syngenta's global technology and business ecosystem, emphasizing the company's commitment to digital innovation and AI-driven solutions. The GCC not only fosters operational efficiency but also offers employees opportunities for career development through exposure to global work environments and cross-functional responsibilities. As a leading agriculture company, Syngenta aims to enhance food security by enabling farmers to utilize resources more sustainably. The expansion is seen as a strategic move to bolster innovation and talent development, reinforcing India's role in the global agricultural technology landscape.
Published: Jan 20 2026, 8 pmeznews.inIndia's capital markets, despite a decade of growth, exhibit a stark urban-rural divide in household participation, with only 9.5% of households investing in securities, according to SEBI's Investor Survey 2025. Of the 33.72 crore households, 53.5% are aware of market products but do not invest, while 37% lack awareness altogether. Urban households show a penetration rate of 15%, significantly higher than the 6% in rural areas, with major metros leading at 23%. Interestingly, nearly half of those intending to invest are from rural regions, highlighting a potential for financial inclusion. Mutual funds and ETFs are favored, yet only 8.5% of households have a demat account, indicating a significant awareness-participation gap. Barriers such as complexity and lack of confidence persist, with participation correlating strongly with income, education, and gender, as men participate at 11% compared to 7% for women.
Published: Jan 20 2026, 7 pmeznews.inThe Enforcement Directorate (ED) has uncovered a significant fake GST input tax credit scheme involving a fictitious firm, Siddhi Vinayak Trade Merchants, which allegedly generated fraudulent invoices worth over ₹658 crore, resulting in a loss of approximately ₹99 crore in tax revenue. Following an FIR from the Anti-Evasion Wing of the CGST Commissionerate in Itanagar, the ED conducted searches across West Bengal, Jharkhand, and Manipur, identifying 58 additional shell entities suspected of facilitating money laundering. These entities reportedly acquired GST registrations through forged documents, including bogus rent agreements and falsified identification papers. Key figures in the scheme, Rakesh Sharma and Ashutosh Kumar Jha, are accused of exploiting the system without any legitimate supply of goods or services. The investigation highlights a broader issue, with reports indicating that nearly ₹41,664 crore in fake invoice cases were detected in the previous financial year, involving over 25,000 shell firms.
Published: Jan 20 2026, 7 pmeznews.inIndonesia has intensified its crackdown on illegal exports of key commodities, including rice, sugar, and groundnuts, following a report by _businessline_. Authorities have seized at least 10 ships at Tanjung Balai Karimun Customs port, confiscating 1.45 million tonnes of rice, 100,000 tonnes of sugar, and significant amounts of other goods. Agriculture Minister Andi Amran Sulaiman visited the customs warehouse to inspect the seized items. The illegal trade has surged, particularly in groundnuts, with 90% of imports reportedly bypassing official channels. Despite lifting a suspension on Indian groundnut imports in November, Indonesia imposed strict aflatoxin limits that many exporters find unmanageable. The rise in illegal shipments has led to a drop in domestic prices, while trade sources suggest that China may be influencing Indonesia's stringent import regulations. In the 2024-25 fiscal year, Indonesia accounted for over 35% of India's groundnut exports, valued at $280 million.
Published: Jan 20 2026, 7 pm
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