All IndiGo domestic departure flights from Delhi have been cancelled until 23:59 on Friday, multiple reports said. Earlier, IndiGo issued an apology to all its customers, saying that its teams are making all efforts to restore normalcy. Civil Aviation Minister Ram Mohan Naidu on Thursday reviewed IndiGo's flight operations and directed DGCA to keep a close eye on the issue.

The Directorate General of Civil Aviation (DGCA) has partly withdrawn rules that led to the mass cancellation of IndiGo flights. The DGCA in a notice said the rule that "no leave shall be substituted for weekly rest is hereby withdrawn with immediate effect." It added that the rule was reviewed to ensure continuity and stability of operations.

The RBI has cut the repo rate by 25 bps to 5.25%, offering relief for borrowers as inflation drops to a low 2.2%. Governor Sanjay Malhotra highlighted strong rural demand, improving urban consumption and a "Goldilocks moment" for India with 8% growth in H1. The MPC maintained a neutral stance while monitoring future economic trends.

21Shares launched the first leveraged SUI ETF on Nasdaq after SEC approval, offering 2x Sui daily performance through derivatives for traders seeking amplified exposure. The debut follows the firms filing for a spot SUI ETF, still under review. Sui rose 1.3% in the past hour, with retail sentiment trending bullish on Stocktwits.

RBI has cut the repo rate by 25 basis points to 5.25%. With this reduction, banks and small finance banks are expected to trim FD rates, Moneycontrol reported. Existing FDs remain unaffected, but new investors may get lower maturity amounts if banks reduce their rates. "Savers and retirees should consider locking into longer tenures now," said Adhil Shetty, CEO, BankBazaar.

Shares of IndiGo have dropped over 10% in five sessions as the airline cancels more than 550 flights due to crew shortages and implementation challenges with new FDTL norms. The airline has requested temporary relaxations from DGCA and plans to reduce operations until December 8, aiming to restore full services by February 10, 2026.

Over 1,000 IndiGo flights have reportedly been cancelled over the past four days. One of the reasons behind the chaos is implementation of new flight duty norms, which led to pilot and cabin crew shortages, NDTV reported. A tech glitch in check-in and departure control systems, heavy passenger volumes and peak-hour congestion at airports collectively added to IndiGo's operational disruptions.

A block trade is a large, privately negotiated transaction that lets institutional investors buy or sell major positions without moving the market. Typically executed by investment banks or electronic platforms, a block order is at least 10,000 shares or $200,000 in value. These trades help maintain price stability and can signal shifting sentiment when unusually large blocks appear.

In an episode of The Diary of a CEO podcast, AI expert Stuart Russell raised concerns over the potential disruption AI may bring to the workforce. "AI systems are doing pretty much everything we currently call work," he said, claiming that societies are now "staring 80% unemployment in the face". Russell added that AI could replace surgeons, CEOs and coders.

Avocados have rapidly shifted from a niche import to a mainstream ingredient in India, with imports rising more than 11,000% since 2014 and expected to cross 20,000 tonnes next year. As prices ease, restaurants and home cooks are using the fruit in everything from toast to pani puri. The trend reflects changing urban tastes and evolving food supply chains.

RBI's decision to cut the repo rate by 25 bps to 5.25% is expected to lower EMIs of home loans. The fastest benefit reaches floating rate loan borrowers. For example, EMI for a ₹75 lakh loan for 25 years at 8.5% interest rate would be ₹60,392. With a 25-bps cut, interest drops to 8.25%, reducing EMI to ₹59,134.

IndiGo cancelled over 400 flights, and a large number of flights were delayed at various airports on Friday, reported PTI citing sources. The report said over 220 flights, including departures and arrivals, were cancelled at Delhi airport, while more than 100 were cancelled at Bengaluru airport. Hundreds of passengers faced struggle at airports as flights were delayed for long periods.

The DGCA has launched strict on-ground checks at major airports following IndiGo's daily cancellations of hundreds of flights, News18 reported. The aviation watchdog has begun conducting field inspections on the airline, closely monitoring the flight operations and passenger-handling arrangements. DGCA has deployed special officers to IndiGo’s Operational Control Centers for continuous oversight.

A special court in Lucknow ordered the confiscation of assets worth nearly ₹128 crore rupees from Shine City Group's fugitive promoter Rashid Naseem. This action, under the FEOA, aims to compensate 6,500 duped investors. Naseem, accused in 554 FIRs for ₹800-1000 crore rupee fraud, is absconding in Dubai, evading investigation.

The Reserve Bank of India (RBI) on Friday raised its GDP growth forecast of the Indian economy to a robust 7.3 per cent for 2025-26 from 6.8 per cent earlier, on the back of an improved outlook driven by strong agricultural prospects, GST rate cuts continuing to play out, low inflation and strong balance sheets of corporates and banks.

Simone Tata, mother of Noel Tata and stepmother of Tata Sons' ex-chairman Ratan Tata, passed away aged 95 on Friday. She's known for transforming Lakmé into one of India's most recognisable beauty brands. Tata had been recovering from an illness and was brought to Mumbai's Breach Candy Hospital earlier this August after initial treatment at King's Hospital in Dubai.

The Securities and Exchange Board of India (SEBI) has banned finfluencer and Avadhut Sathe Trading Academy founder Avadhut Sathe, along with his academy and director Gouri Sathe, from the securities market. Furthermore, it ordered the impounding of ₹546 crore. The regulator said this money was collected through an unregistered investment advisory activity that misled thousands of retail investors.

IndiGo's fourth straight day of disruptions saw all Delhi departures cancelled until midnight and over 100 flights cancelled in Bengaluru. The airline has warned of more cancellations until December 8 and aims to fully stabilise operations by February 10, 2026. IndiGo has sought temporary relief from new night-flying norms and issued a public apology as delays continue nationwide.

Japan's Nikkei skidded on Friday, wiping out this week's gains amid an otherwise subdued Asian session, after weaker-than-expected spending data underscored the scourge of inflation as bets grew that the Bank of Japan would hike interest rates. The Nikkei 225 fell 1.5% and was on track to end the week mostly flat.

The US dollar languished not far from a five-week low against its major peers on Friday as investors braced for a Federal Reserve rate cut next week. Markets widely expect a quarter-point reduction when the policy-setting Federal Open Market Committee meets on December 9-10, and a focus will be on any signals about how much additional easing lies ahead.

Ahmedabad's Kalupur station is being transformed into India's first 16-storey vertical railway hub, integrating long-distance trains, metro, Mumbai-Ahmedabad bullet train, buses and road transport in one structure. The multimodal complex will feature airport-like concourses, lounges, retail, food courts and parking, enabling seamless transfers and cutting Mumbai-Ahmedabad travel time.

Australia's gig economy is set for major reform as Uber Eats, DoorDash, and the Transport Workers' Union propose enforceable standards for delivery workers, including an AUD 31.30 ($20.37) hourly wage, insurance, and safer conditions. The landmark deal aims to reduce risks, improve rights, and modernise gig-work laws if approved next July.

Gold held flat on Friday, as higher US Treasury yields blunted the lift from a weaker dollar, with investors awaiting key inflation data for signals on the Federal Reserve's path ahead of next week's meeting. Spot gold was steady at $4,208.46 per ounce as of 0358 GMT and is on track for a 0.5% weekly decline.

The Pune-Nagpur Vande Bharat Express has been running at over 130% occupancy for months, with daily waitlists and rapid ticket sellouts. Passengers and rail groups are demanding a 16-coach upgrade, calling it long overdue. Rising student, business, and government travel has pushed structural demand on the route. Railways say upgrades depend on rake availability.

WTI oil prices were heading for weekly gains of close to 2% in early trading on Friday, supported by an expected Federal Reserve interest rate cut, escalating US-Venezuela tensions and stalled peace talks in Moscow.It would be a second straight week of increases. Brent crude inched up 0.09% to $63.32, while WTI rose 0.07% to $59.71.