Economy news

• Accenture to lay off thousands of workers in India

  26-08-2020 05:34 via timesofindia.indiatimes.com
  
  Several thousand Accenture employees in India are likely to be asked to go after the conclusion of the appraisal cycle that is underway. Accenture has two lakh of its five lakh employees in India, its largest base in the world. The Australian Financial Review (AFR) reported on Tuesday that Accenture CEO Julie Sweet, in an internal staff meeting streamed online in mid-August.
  
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• Fare relief move: Air India waives change, cancellation fees on domestic bookings after IndiGo disruption

  06-12-2025 18:31 via timesofindia.indiatimes.com
  
  Air India is offering relief to travelers affected by IndiGo flight cancellations. The airline announced a special waiver on change and cancellation fees for eligible domestic bookings. This applies to tickets booked on Air India or Air India Express by December 4 for travel up to December 15.
  
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• IndiGo cancellations: How to track flight & refund status online; step-by-step guide

  06-12-2025 18:21 via timesofindia.indiatimes.com
  
  IndiGo is recovering from massive flight cancellations, operating over 1500 flights today after a Friday with 1600 disruptions. New pilot duty rules caused the chaos, impacting over 1,000 flights. The airline has received temporary relief from DGCA. Passengers can track flight and refund status online, with refunds mandated by Sunday evening.
  
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• IndiGo fiasco: 87% flyers back class action under Consumer Protection Act, says survey

  06-12-2025 17:53 via timesofindia.indiatimes.com
  
  A survey reveals that 87% of IndiGo passengers desire their service issues to be addressed under the Consumer Protection Act's Class Action provisions. This demand follows widespread flight cancellations and delays, with passengers also reporting concerns about refund integrity and inadequate compensation.
  
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• Trump sanctions impact: India’s crude oil imports from Russia set to hit 4-year low; but how long will the drop last?

  06-12-2025 17:15 via timesofindia.indiatimes.com
  
  India's Russian crude imports may hit a four-year low in January 2026 due to US sanctions, forcing refiners to seek alternatives. Despite pressure, Russia is exploring new channels, with potential for non-sanctioned oil flows to resume. India's strategic need for cost-effective energy and Russia's efforts to maintain trade suggest this dip might be temporary.
  
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• Clean energy surge: India adds record 31.25 GW non-fossil capacity this year, says Pralhad Joshi

  06-12-2025 16:56 via timesofindia.indiatimes.com
  
  India has achieved a record 31.25 GW of non-fossil power capacity addition this financial year, with solar power leading the surge. The nation's solar capacity has grown over 4,500% in a decade, positioning India as a significant global driver of renewable energy and a key player in the energy transition.
  
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• IndiGo chaos day 5: Over 800 flights cancelled even as airline claims 95% network connectivity restored - top developments

  06-12-2025 16:41 via timesofindia.indiatimes.com
  
  IndiGo's nationwide operational crisis continues into its fifth day with over 800 flights cancelled. The government has imposed fare caps, ordered immediate refunds, and mandated baggage return within 48 hours. While IndiGo claims 95% network connectivity restored, disruptions persist for thousands of passengers.
  
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• Volkswagen capex recalibration: Automaker pares 2030 investment to $186 bn; China, US headwinds grow

  06-12-2025 14:58 via timesofindia.indiatimes.com
  
  Volkswagen Group is scaling back its investment plans to €160 billion through 2030, citing pressure in China and the US. CEO Oliver Blume emphasized a focus on Germany and Europe for products, technology, and infrastructure.Porsche's EV strategy is being rolled back, with no expected growth in China, while Audi's US plant decision hinges on financial support.
  
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• How IndiGo Managed To Hold A Country Of 1.4 Billion People Hostage, Forced Govt To Bend Rules | Analysis

  06-12-2025 14:40 via zeenews.india.com
  Due to the IndiGo induced turbulence, the airfare on key routes touched Rs 80,000 to Rs 90,000. IndiGo didn’t merely cancel flights—it brought the system to a standstill, grounding aircraft, showcasing its clout, and effectively challenging the government to respond. 
  
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• Air India, Air India Express Cap Domestic Fares Amid IndiGo Crisis

  06-12-2025 14:22 via zeenews.india.com
  Earlier in the day, the Ministry of Civil Aviation invoked its regulatory powers to ensure fair and reasonable fares across all affected routes amid IndiGo’s operational crisis.
  
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• DIIs Outshine FIIs As Rupee Depreciation Triggers Heavy Foreign Outflows

  06-12-2025 14:18 via zeenews.india.com
  The first week of December has begun with sustained selling by FIIs on all days, as FIIs have sold equity for Rs 10,401 crore in the cash market.
   
  
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• Power as ‘currency’: Experts says data centre growth lifts demand; India poised for global leadership

  06-12-2025 13:43 via timesofindia.indiatimes.com
  
  India's burgeoning data center and AI sectors, coupled with surplus electricity capacity and power distribution reforms, are positioning the nation as a potential global leader in power trade. Experts believe electricity is becoming a strategic, tradable commodity, with AI and machine learning crucial for optimizing smart metering and improving discom efficiency.
  
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• Indigo Flight Chaos In Kerala: Airline Cancels 12 Flights, Passengers Left Stranded

  06-12-2025 13:01 via zeenews.india.com
  IndiGo Flight Cancellations At Kerala Airports: IndiGo reportedly cancelled more than 200 flights, worsening the air travel crisis even as thousands of passengers remained stranded at airports across the country awaiting their departures. 
  
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• ‘Next big clean-up’: FM Sitharaman flags customs simplification; hints at duty rationalisation in Budget

  06-12-2025 12:21 via timesofindia.indiatimes.com
  
  Finance Minister Nirmala Sitharaman plans a major customs reform. This initiative aims to simplify compliance and increase transparency. These changes will follow earlier tax reforms. The government will also review customs duty rates. Announcements are expected in the upcoming Union Budget. The rupee's depreciation is also addressed. Economic growth is projected to remain strong.
  
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• IndiGo Flight Cancellations: Government Directs Airline To Refund Tickets By 8 PM On Sunday; IndiGo Responds

  06-12-2025 12:16 via zeenews.india.com
  Indigo Flights Cancelled: The government has introduced airfare caps after IndiGo flight disruptions caused ticket prices to rise sharply on many routes. 
  
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• IndiGo crisis: Centre orders cap on domestic fares; check price details

  06-12-2025 12:15 via timesofindia.indiatimes.com
  
  Aviation Ministry has imposed emergency fare caps on domestic flights to combat soaring ticket prices following widespread cancellations by a major airline.New maximum fares range from Rs 7,500 to Rs 18,000 based on distance, excluding taxes.These temporary restrictions aim to protect passengers from exploitation and ensure travel affordability until the situation stabilizes.
  
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• Complete Customs Overhaul Will Be Next Major Reform Push: Sitharaman

  06-12-2025 12:14 via zeenews.india.com
  Speaking at the HT Leadership Summit organised by a media house, Sitharman emphasised the need to simplify customs rules, adding that we "need to make them more transparent."
  
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• Luxury No More: Premium Housing Becomes The Middle-Class Sweet Spot In India

  06-12-2025 12:01 via zeenews.india.com
  Families today want homes that offer more—better air, thoughtful layouts, curated amenities, and the trust of established developers. This is why premium homes or aspirational class homes have emerged as the sweet spot. 
  
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• IndiGo Flight Cancellations: Government Directs Airline To Refund Tickets By 8 PM On Sunday, Return All Misplaced Luggage Within 48 Hours

  06-12-2025 11:59 via zeenews.india.com
  Indigo Flights Cancelled: The government has introduced airfare caps after IndiGo flight disruptions caused ticket prices to rise sharply on many routes. 
  
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• India's trade: Despite global volitality, merchandise exports stay strong; 'demonstrate strength and diversification,' says government

  06-12-2025 10:49 via timesofindia.indiatimes.com
  
  India's merchandise exports show remarkable resilience amidst global economic headwinds, with total exports for April-October 2025 reaching $491.80 billion, a 4.84% rise. While October saw a dip in exports, overall growth indicates strength and diversification. Key import surges were noted from Switzerland, Hong Kong, and China.
  
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• India-US trade: Next round of talks to start from December 10; 'not a formal' discussion, sources say

  06-12-2025 10:08 via timesofindia.indiatimes.com
  
  India and the US are set to hold crucial trade talks in New Delhi from December 10-12 to finalize the initial phase of a pact. This follows recent US tariffs on Indian goods. Both nations aim to resolve tariff issues and boost bilateral trade to $500 billion by 2030, addressing concerns over falling Indian exports to the US.
  
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• IndiGo Crisis: 11 Flights Resumed From Jammu, Seven Cancelled From Srinagar

  06-12-2025 09:33 via zeenews.india.com
  The disruptions were primarily caused by a shortage of pilots that was not anticipated due to planning deficiencies, and the authorities are keeping a close watch on the situation.
   
  
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• Repo Rate Cut: Will Your Home Loan Get Cheaper? Check Rates From ICICI To SBI

  06-12-2025 09:20 via zeenews.india.com
  While MCLR-linked loans are also expected to move in line with repo rate changes, the adjustments are not always equal. So, even if the RBI cuts the repo rate by 25 basis points, your loan rate may reduce by only around 10 basis points.
  
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• RBI’s Dovish Stance Leaves Room For More Rate Cuts If Growth Softens: Report

  06-12-2025 08:47 via zeenews.india.com
  The report from HSBC Global Investment Research welcomed the RBI's plans to infuse domestic liquidity in December, saying it could infuse about Rs 1.45 trillion of liquidity. The RBI unveiled plans of Rs 1 trillion of open market operations purchases and a a 3-year USD/INR buy-sell swap of $5 billion.
  
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• 'Exceptional': SBI hails RBI's repo rate cut; report says Central bank played its part, now markets should remain disciplined

  06-12-2025 08:16 via timesofindia.indiatimes.com
  
  The Reserve Bank of India cut the repo rate to 5.25% amid strong economic growth and exceptionally low inflation, a move hailed as exceptional by SBI Research. This decision, supported by a unanimous Monetary Policy Committee vote, aims to sustain India's economic momentum. The central bank anticipates continued growth and low inflation, though external factors pose potential risks.
  
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• Want to invest in SpaceX? Elon Musk owned rocket-maker hints at 2026 IPO; chasing a massive $800 billion valuation

  06-12-2025 06:52 via timesofindia.indiatimes.com
  
  SpaceX is reportedly seeking an $800 billion valuation in a new secondary share sale, potentially surpassing OpenAI as the US's most valuable private company. This move comes as the company weighs a potential IPO next year, fueled by the success of its Starlink service and its crucial role in government missions.
  
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• Indian Stock Market Ends In Bullish Tone After RBI Rate Cut

  06-12-2025 06:26 via zeenews.india.com
  Benchmark indices Nifty and Sensex dipped 0.37 and 0.27 per cent during the week to close at 26,186 and 85,712, respectively. Early optimism driven by strong Q2 GDP print and robust auto sales was overshadowed by persistent FII outflows, sharp rupee depreciation, and uncertainty over trade negotiations.
  
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• New LIC Schemes Announced: Protection Plus And Bima Kavach Offer Flexible Coverage & High Protection– Details Here

  06-12-2025 06:18 via zeenews.india.com
  LIC’s Protection Plus (Plan 886) is a unit-linked, non-participating life insurance plan that offers a combination of life cover and investment opportunities. It ensures financial protection throughout the policy term while giving policyholders the flexibility to choose their preferred investment fund, increase coverage when needed, and even make additional top-up premium payments. 
  
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• 'Insane': How Elon Musk reacted to EU's $140m fine on X & why the platform was penalised

  06-12-2025 05:35 via timesofindia.indiatimes.com
  
  Elon Musk denounced the EU's $140 million fine on X as "crazy" and "insane," criticizing the penalty for violating transparency rules under the Digital Services Act. Regulators cited deceptive design practices with the blue checkmark system and shortcomings in X's ad database. The ruling has drawn criticism from US officials who view it as an attack on American tech platforms.
  
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• RBI Did Its Part, Now Time For Markets To Show Maturity: SBI Report

  06-12-2025 04:27 via zeenews.india.com
  The RBI monetary policy committee unanimously voted to cut the repo rate by 25 bps amid uncertainties in a tumultuous global order. The RBI panel also maintained its neutral stance. With GDP growth above 8.2 per cent in the July-September 2025 quarter and ultra-low inflation of 0.25 per cent in October, the rate cut is "exceptional", the SBI Research said in the report.
  
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