After Blinkit, quick-commerce rivals Zepto, Swiggy and Flipkart have also dropped their 10-minute delivery branding, signalling a broader shift amid concerns over gig worker safety and regulatory scrutiny.
Gold futures opened the New Year higher on MCX, rising ₹119 to ₹1,35,566 per 10g amid cautious sentiment and limited global cues. Silver began firm but slipped into losses as markets remained range-bound.
Cigarettes will become costlier from February 1 as the government hikes excise duty after a seven-year pause. The move aligns India with global tobacco tax norms, offsets the end of GST cess, and aims to curb smoking-linked health costs.
India and New Zealand have concluded FTA negotiations, granting duty-free access to Indian goods like textiles and engineering products. New Zealand has committed $20 billion in investments over 15 years.
IndiGo’s large-scale flight cancellations in early December led to a 4% drop in aviation turbine fuel sales, reversing a two-year growth trend, even as petrol, diesel and LPG consumption remained strong.
RBI lifts curbs on cash credit facilities after feedback, saying they differ from current/OD accounts. More banks with over 10% exposure can now hold transaction accounts to ensure smooth working capital.
DGCA has stationed officials at IndiGo’s headquarters, summoned CEO Pieter Elbers, and ordered airport inspections as flight cancellations continue despite claims of stabilised operations.
IndiGo has refunded ₹610 crore and delivered 3,000 baggage pieces after its operational crisis, the Centre said. The government claims flight schedules are stabilising, with IndiGo ramping up services and corrective measures staying in place.
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