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IndiGo’s domestic market share drops to 63.6% in November

IndiGo’s share of India’s domestic aviation market fell to 63.6% in November, down from 65.6% in October, following widespread operational disruptions, delays, and aircraft shortages.

Aviation regulator data shows the airline was asked to trim its winter schedule by 10% to stabilise operations. Despite retaining a clear market lead, the decline allowed competitors to gain ground.

The Air India Group increased its share to 26.7%, while SpiceJet rose to 3.7%. Passenger traffic continued to grow overall, but service challenges and higher complaints impacted IndiGo’s dominance, highlighting intensifying competition in the domestic airline sector.

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$240 mn tech, GCC investments flow into Mangaluru

Mangaluru has attracted investments and acquisitions worth $240 million in the Global Capability Centre (GCC) and technology sectors over the last four years, according to a state government report.

The data shows growing interest from national and international companies in areas such as fintech, regulatory technology, digital services and IT operations.

Officials say the city is emerging as a preferred alternative to major metros due to its skilled talent pool, improving infrastructure and lower operational costs. The steady inflow of investments has strengthened Mangaluru’s position as an upcoming technology and innovation hub in Karnataka.

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Housing sales dip 14%, market value inches up

Housing sales in India’s seven major cities fell 14% in 2025, with 3.96 lakh units sold compared to 4.60 lakh units the previous year, according to ANAROCK Research.

The decline is attributed to rising property prices, IT sector layoffs, geopolitical uncertainty, and weaker buyer sentiment. However, the total value of transactions grew 6% to over ₹6 lakh crore, supported by increased demand for luxury and premium properties.

Chennai stood out as the only city showing higher sales volume. Meanwhile, average property prices rose approximately 8% across major cities, reflecting a shift toward higher-end housing despite lower overall sales.

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India to miss $1trillion export goal

India’s exports for FY26 are projected at around $850 billion, falling short of the $1 trillion target, according to the Global Trade Research Initiative (GTRI).

Sluggish global demand, especially from the US and EU, and rising protectionism are limiting merchandise export growth. While India has signed 18 free trade agreements, GTRI notes that more effort is needed to make them effective.

Expanding export products and markets, along with improving competitiveness, will be crucial. Services exports may help offset shortfalls, but without strategic action, the $1 trillion milestone remains out of reach.

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IndiGo cancels 67 flights as fog disrupts operations

IndiGo cancelled 67 flights across multiple airports as dense fog and adverse winter weather disrupted operations.

The airline said most cancellations were due to forecasted low visibility, with only a few linked to operational reasons. Airports affected included Chandigarh, Dehradun, Agartala, Varanasi, and Bengaluru. The disruptions come during the official fog season, when early-morning visibility often drops sharply.

IndiGo has faced operational pressure in recent weeks, prompting closer monitoring by the aviation regulator, DGCA. The airline advised passengers to check flight status regularly and plan for delays, stressing that safety remains its top priority.

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SFIO probes IndusInd Bank over derivatives accounting irregularities

The Serious Fraud Investigation Office (SFIO) has launched an investigation into IndusInd Bank following alleged accounting discrepancies in its derivatives portfolio.

The bank informed stock exchanges that it received a notice under Section 212 of the Companies Act, 2013, and is cooperating fully. Audits and internal reviews flagged irregular accounting of derivative trades, overstated microfinance income, and unexplained “other assets” and “other liabilities.”

These irregularities led to major adjustments in the bank’s financial statements. SFIO’s probe will examine the nature and extent of these discrepancies and whether they involve deliberate misreporting or lapses in compliance.

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Jaipur Masala IPO Sees ₹25,300 cr bids

Jaipur-based Shyam Dhani Industries’ ₹38.5 crore SME IPO received bids worth ₹25,300 crore, making it the most subscribed SME issue of 2025.

The three-day offer, priced at ₹65–70 per share, drew around 6.22 lakh applications. Anchor investors oversubscribed their portion 70 times.

The company, known for its “SHYAM” spice brand, aims to use the proceeds for working capital, loan repayment, marketing, and solar rooftop installation.

Share allotment will be finalised on December 26, with listing expected on December 30. Strong retail and institutional demand signals robust investor confidence in SMEs.

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L&T bags major BPCL order worth up to ₹10,000 cr

Larsen & Toubro has won a major engineering, procurement, construction and commissioning order from Bharat Petroleum Corporation Limited, valued between ₹5,000 crore and ₹10,000 crore.

The contract will be executed by L&T’s Hydrocarbon Onshore business on a lump-sum turnkey basis. It involves building a Linear Low-Density Polyethylene and High-Density Polyethylene swing unit at BPCL’s Bina refinery in Madhya Pradesh.

The project is part of BPCL’s refinery and petrochemical expansion plan. Once completed, the unit will strengthen India’s domestic polymer production capacity and reduce import dependence.

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Canon wins TSMC 2025 production support award

Canon Inc. has been awarded the 2025 Excellent Performance Award by Taiwan Semiconductor Manufacturing Co. Ltd. (TSMC) for its exceptional contribution to semiconductor production.

The recognition highlights Canon’s timely delivery of equipment, high-quality support, and development of customer-focused functions that helped boost TSMC’s operations. This is the third time Canon has received this award, reflecting its ongoing commitment to innovation and excellence in semiconductor lithography.

The company aims to continue advancing its technology and services to support the semiconductor industry and contribute to broader technological progress.

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Navi Mumbai Airport opens on Dec 25 with road-only access

The Navi Mumbai International Airport (NMIA) will begin operations on December 25, but access will initially be limited to road-based travel.

Dedicated metro and direct rail connections are still under development and will be introduced in later phases. Passengers can reach the airport via private vehicles, taxis and buses, with the Mumbai Trans Harbour Link offering the fastest route, though with tolls.

Suburban train users can travel up to Targhar station and complete the last stretch by road. Authorities advise travellers to plan journeys carefully and allow extra travel time.