Domestic airlines are expected to report a net loss of ₹2,000-3,000 crore in FY2025 and FY2026 due to a weak rupee and higher costs from grounded aircraft. However, the losses should be lower than in previous years, thanks to stronger pricing, healthy traffic growth, and cost reductions. Domestic air traffic is expected to grow by 7-10%, while international traffic is projected to rise by 15-20%.
Congress faced pressure from both inside and outside the party, forcing a change in its stance on the Adani issue during the winter session of Parliament. Protests over the Adani controversy stalled proceedings for six days, but Congress eventually allowed Parliament to function after criticism from opposition allies and its own MPs. The party realized that focusing only on the Adani issue wasn’t getting results, prompting them to change their approach.
A court commissioner overseeing anti-pollution efforts in Delhi-NCR has claimed he was threatened while taking photos of illegal construction at the home of a senior BHEL official. The commissioner flagged several violations, including stubble burning, waste burning, construction activities, and dust emissions. Other commissioners also pointed out road traffic and biomass burning as major pollution contributors in the area.
Reports have emerged about attacks on Iskcon centers and the arrest of Brahmacharis in Bangladesh. These events are raising alarms about the safety of Hindu minorities, with leaders around the world speaking out. There are also concerns about mob violence and the lack of proper legal representation for those arrested, which is increasing tensions in the region.
Tata Consultancy Services (TCS) has partnered with Bank of Bhutan to upgrade its digital banking system. The TCS BaNCS Global Banking Platform will improve operations, boost customer experience, and expand digital capabilities. This upgrade will support Bhutan’s push for digital progress and new financial products, while also helping TCS grow its global presence in digital banking.
Mehbooba Mufti, former Jammu & Kashmir CM, stirred controversy by saying there is “no difference” between how minorities are treated in India and Bangladesh. Her statement was sharply criticized by BJP leaders, who called it anti-national. Mufti also criticized the Modi government on issues like unemployment, election integrity, and religious tensions in India.
Coimbatore-based Pricol is set to acquire Sundaram Auto Components’ (SACL) injection moulding business for ₹215 crore. This all-cash deal, made through Pricol’s subsidiary, Pricol Precision Products, is expected to boost Pricol’s revenue by ₹730 crore. SACL, a subsidiary of TVS Motor, operates six manufacturing facilities and reported ₹727 crore in revenue for FY24. Additionally, Pricol plans to acquire a 26% stake in PQSI Digital Private Ltd for ₹10 crore.
Karnataka Chief Minister Siddaramaiah announced that the state will offer student athletes 25% attendance concession and 10 grace marks in schools and colleges. This move aims to reduce academic stress and boost participation in sports. He also highlighted the funding for medalists and the state’s ongoing support for sports at the Karnataka Olympic Association awards ceremony.
A speeding car hit a couple walking their dog in Vasai, Maharashtra, killing their pet. The incident, captured on CCTV, happened on November 25. The couple was injured, and the driver, Santosh Shinde, took them to a hospital. Their dog, Raja, died from his injuries three days later. An FIR has been filed, and the driver faces charges of rash driving and endangerment.
Sterling and Wilson Renewable Energy Limited (SWREL) has won a ₹504 crore solar project in Rajasthan from a private Independent Power Producer (IPP). The project includes building a 305 MW AC solar plant. SWREL’s portfolio now exceeds 20.7 GWp of solar projects across 28 countries.