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When strength becomes weakness

Financial Express Kolkata

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December 06, 2025

YET WHILE THE rules apply universally, full-service carriers like Air India have weathered the change with far less disruption, their on-time performance holding steadier amid the same fog and congestion, thanks to conservative rostering and buffers built during the grace period.

Pilot bodies like the Federation of Indian Pilots (FIP) and Airline Pilots' Association of India (ALPA) call it a "prolonged, unorthodox lean manpower strategy" that IndiGo pursued despite ample warning. November alone saw 1,232 cancellations, 755 pinned directly to crew and FDTL shortages, pushing monthly on-time performance down to 67.7% from October’s 84.1% -- a slide that predated this week's meltdown. FIP accuses the carrier of a hiring freeze, non-poaching pacts with rivals, and pilot pay stagnation amid "cartel-like behaviour,' even as executives pocketed 100%. Post-July's first phase, IndiGo slashed leave quotas; after November, it allegedly tried buying back pilot leave to

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Financial Express Kolkata

Trade deal stalled as Modi didn’t call Trump: US Commerce Secy

ATRADE PACT between India and the United States stalled last year because Prime Minister Narendra Modi did not make a telephone call to President Donald Trump ahead of a deal, US Commerce Secretary Howard Lutnick said on Friday.

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1 min

January 10, 2026

Financial Express Kolkata

Major reforms expected in customs procedures

AS FINANCE MINISTER Nirmala Sitharaman is set to present the Union Budget for FY27 in Parliament on February 1, industry stakeholders and tax experts are expecting significant reforms in the customs procedures, particularly the simplification of the special valuation branch (SVB) process.

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1 mins

January 10, 2026

Financial Express Kolkata

Fx reserves drop $9.8 bn, biggest dip in 14 months

FOREIGN EXCHANGE RESERVES recorded their biggest weekly drop in 14 months as the Reserve Bank of India (RBI) sold dollars to support a weakening rupee, analysts said.

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1 min

January 10, 2026

Financial Express Kolkata

RBI guv: Regulators and regulated are in the same team

RESERVE BANK OF India (RBI) governor Sanjay Malhotra on Friday said digitalisation is transforming the financial system, demanding agility and collaboration in regulation and supervision.

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1 min

January 10, 2026

Financial Express Kolkata

Govt's AGR lifeline to lift Vi's funding prospects

Telco gets 10-yr moratorium

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1 min

January 10, 2026

Financial Express Kolkata

Pension funds may directly invest in infra

ASSETS UNDER MANAGEMENT under NPS for the government sector and the nongovernment sector stood at around ₹16 lakh crore as on November 30, 2025.

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1 mins

January 10, 2026

Financial Express Kolkata

Bain’s Manappuram deal faces delay as RBI objects

SEBI, COMPETITION COMMISSION HAVE ACCORDED APPROVALS

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1 min

January 10, 2026

Financial Express Kolkata

Trump cancels 2nd wave of attacks on Venezuela

US PRESIDENT DONALD Trump said he had canceled a second wave of attacks on Venezuela following cooperation from the South American nation.

time to read

1 min

January 10, 2026

Financial Express Kolkata

EV sales momentum to slow down in 2026

CHINA'S RETAIL SALES of newenergy vehicles (NEVs) are set to expand at a slower pace this year as government-backed trade-in subsidies are gradually phased out, removing a key pillar of support for the world's biggest auto market.

time to read

1 min

January 10, 2026

Financial Express Kolkata

Gifting of MF units to minors will not lower tax liability

YOUR QUERIES: INCOME TAX

time to read

2 mins

January 10, 2026

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