Revanth seeks no flight disruptions for Global Summit

Revanth seeks no flight disruptions for Global Summit


Telangana Chief Minister A. Revanth Reddy addressing the media along with cabinet ministers, during unveils the “Telangana Rising – Vision 2047” policy document outlining new development strategies for the State, as part of preparations for the upcoming Global Summit scheduled for December 8 and 9, in Hyderabad on Sunday, November 30, 2025.
| Photo Credit:
RAMAKRISHNA G

Hyderabad

Widespread flight cancellations across the country have raised concerns for the Telangana Government, which is preparing to organise a two-day Global Summit.

Chief Minister A Revanth Reddy, while reviewing the conference arrangements, has directed officials to contact the Civil Aviation Ministry to ensure that flight services to Hyderabad from different cities are not impacted. “Talk to them and try to resolve any issues with respect to flights to and from Hyderabad,” he said.

The Congress Government will launch the Telangana Rising 2047 vision document during the Global Summit, with a plan to achieve $3 trillion economy by 2047.

Published on December 5, 2025



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Eastern states driving clean energy transition

Eastern states driving clean energy transition


With rising industrial demand, evolving state policies and growing interest in competitive green power, the Eastern states are set to play a pivotal role in India’s clean-energy trajectory.

Eastern India has been witnessing rapid expansion of renewable infrastructure, supported by state initiatives such as grid strengthening, rooftop solar promotion and storage-ready planning.

Arun Goyal, former Secretary to Government and former member of Central Electricity Regulatory Commission said if India’s Eastern Region has to transform its renewables potential into reliable industrial power, the Government must not only build capacity, but also build connectivity.

Unless intrastate network bottlenecks are resolved and transmission infrastructure modernised with private participation, even the best-capacitated solar or wind projects cannot deliver for commercial and industrial consumers, he said at the event organised by FICCI and CRISIL on Renewable Energy Transition in the Eastern Region.

Pinaki Bhattacharyya, Co-Chair, FICCI Renewable Energy CEOs Committee and Founder, CEO & Managing Director, AMPIN Energy Transition said the eastern region hosts some of India’s biggest load centres and renewables are now among the most cost-effective energy sources for customers.

“With penetration still at 1–18 per cent, the growth opportunity is massive. Our ₹5,000 crore investment outlay across the eastern states of Odisha, Chhattisgarh, Jharkhand, West Bengal, Assam and Bihar underscores our commitment to powering this transition and strengthening the region’s clean energy future,” said Bhattacharyya.

Arpan Gupta, Director, FICCI said the Eastern region is driving India’s clean energy transition, where technological innovation and industrial ambition are aligning with government vision.

With rising energy demand, expanding open access pathways, the emergence of gigafactories and a growing push for sustainability-led competitiveness, the Eastern region is poised to become one of India’s most dynamic renewable energy markets in the coming decade, he added.

Published on December 5, 2025



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Flight cancellations trigger chaos as grounded flyers turn to rails, roads, hotels

Flight cancellations trigger chaos as grounded flyers turn to rails, roads, hotels


Passengers wait at the airport as IndiGo’s flight disruptions continue at Kempegowda International Airport

Receiving a flight cancellation notification opens a Pandora’s box. For those who can afford to postpone their plans, delay is an option. But for many others, travelling for work, weddings or emergencies, there is little room to manoeuvre. With airfares skyrocketing and alternative flights priced steeply due to capacity shortages, a growing number of passengers are abandoning the skies and switching to trains and buses to stay on the move.

businessline spoke to travellers who scrambled to find alternative routes to reach their destinations in time.

Nandini Nachiyar (name changed), a Chennai-based tech professional travelling to Bengaluru, said trains were her first choice once she received a cancellation alert from IndiGo. “I didn’t want to risk rescheduling again with IndiGo, it was a challenging experience. I immediately booked Vande Bharat back to Chennai as I had to report for work,” she said.

This is not an isolated case. Rahul G Das, a Bengaluru-techie, who switched from flying to a long-haul bus journey, summed it up: “You just can’t shell out that much money for a ticket, and the rates are equivalent or more than some of the international routes.”

Hotel players

For Hrithika, travelling from Kanpur to Bengaluru, there were barely any alternatives. Her flight was cancelled just four hours before departure. Tatkal train tickets were unavailable, and only one weekly train operates on the route. “The bus takes almost 40 hours, so we had to extend our stay in Kanpur and shift travel to Sunday,” she said.

Passengers like Hrithika have also become unexpected customers for hotel chains, particularly properties located near airports. Amit Raman, General Manager, Radisson Blu Pune Hinjawadi, told businessline that cancellations have triggered an immediate rise in last-minute bookings. “We’ve seen a 25-30 per cent increase in same day and next day reservations, pushing occupancy up by roughly 10-12 percentage points. The average daily rate (ADR) has also moved up moderately due to sudden demand,” he said. Most stranded travellers are opting for mid-segment hotels for comfort and convenience, while premium rooms are being picked by families and corporate crews. The typical stay duration, however, remains just one night.

Airport micro-markets, including Aerocity in Delhi, GMR Hyderabad Airport and Kempegowda Bengaluru, are experiencing the greatest strain, as travellers prefer staying close to terminals to coordinate re-bookings. Airlines, Raman said, are informally reaching out for blocked inventory, though formal tie-ups are limited and handled case by case.

Echoing the trend,Pranav Maheshwari, co-founder, Stay Vista, said there has been a significant spike in last-minute bookings near key airports in Goa, Delhi, and Bengaluru as travellers prioritise shorter, drivable stays amid uncertainty.

Transport networks are also ramping up capacity. The Railway Ministry has added coaches on Rajdhani and Shatabdi routes, with Southern Railway adding one coach in 28 trains to meet demand. businessline has also learnt that additional outstation trains are being planned starting from Mumbai from Saturday for passengers. Additionally, 14 trains are likely to be operated from Mumbai. Indian Railways will also deploy 116 extra coaches across 37 trains to ease travel disruptions from flight cancellations.

As travellers improvise and reroute, one thing is clear: the fallout from mass flight cancellations has spilled beyond aviation.

With inputs from Chennai, Hyderabad, Mumbai.

Published on December 5, 2025



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Rupee: RBI’s effort has always been to reduce any abnormal or excessive volatility, says Guv Malhotra

Rupee: RBI’s effort has always been to reduce any abnormal or excessive volatility, says Guv Malhotra


The RBI’s stated policy has always been that it allows the market to determine the Rupee’s value and it does not target any price level or band, according to Governor Sanjay Malhotra.

The aforementioned observation comes in the backdrop of the Rupee breaching the 90 to the Dollar mark a couple of days back.

“We believe that the markets in the long run are very efficient. It is a very deep market. We saw this earlier in February — the rupee to dollar had climbed up to almost 88 and within a period of three months, it came back to below 84,” the governor said at a post monetary policy press meet.

The governor emphasised that fluctuations in USD/INR, volatility does happen and can happen.

“Our effort has been always to reduce any abnormal or excessive volatility and that is what we will continue to endeavour. Our external sector, as I also mentioned in my statement, is very strong…,” Malhotra said.

India’s current account deficit moderated from 2.2 per cent of GDP in Q2:2024- 25 to 1.3 per cent in Q2:2025-26 on account of robust services exports and strong remittances.

Malhotra noted that healthy services exports coupled with strong remittance receipts are expected to keep CAD modest during 2025-26. As on November 28, 2025, India’s foreign exchange reserves stood at US$ 686.2 billion, providing a robust import cover of more than 11 months.

“Overall, India’s external sector remains resilient. We are confident of meeting our external financing requirements comfortably,” he said.

The governor underscored that India has sufficient reserves; the current account is very manageable at about 1 per cent or so.

“And given the strong fundamentals of our country, we should get good capital flows…So, I think, we are in a very comfortable situation in so far as the external sector position is concerned,” he said.

Published on December 5, 2025



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PhonePe shuts Pincode’s B2C arm, pivots to B2B solutions

PhonePe shuts Pincode’s B2C arm, pivots to B2B solutions


Pincode has been reducing offerings and has exited categories such as fashion and electronics to focus on hyperlocal and high-frequency segments such as food and grocery, Moneycontrol reported in April 2024. 
| Photo Credit:
MURALI KUMAR K

Pincode, a hyperlocal shopping app of PhonePe, is winding down its business to consumer (B2C) vertical, which also offered deliveries in 15-30 minutes and will focus on expanding its B2B (business to business) Solutions for offline shops, said the company in its statement.

Sameer Nigam, PhonePe founder & Group CEO said, “Pincode’s mission is to empower Indian offline shop keeper with advance technology solutions to help them grow their businesses and remain competitive against new age e-commerce and quick commerce companies. To this end, operating yet another B2C quick commerce app ourselves was distracting us from our core mission which is to help offline business partners achieve operational efficiency, improved margins and visibility and growth in their existing offline business.”

Pincode has been reducing offerings and has exited categories such as fashion and electronics to focus on hyperlocal and high-frequency segments such as food and grocery, Moneycontrol reported in April 2024.

It moved travel and transited to the main PhonePe app. This comes at a time when the company is preparing for its IPO.

Vivek Lohcheb, CEO of Pincode added, “As part of this strategic decision, we will now focus the entire Pincode team’s resources towards accelerating the build out and scale up of a suite of B2B business solutions for offline businesses across India. Pincode already provides inventory management, order management and other ERP solutions to businesses, and is offering B2B direct sourcing and replenishment solutions for certain categories.”

Published on December 5, 2025



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RBI’s repo cut to aid consumption, investment and funding cost, bankers say

RBI’s repo cut to aid consumption, investment and funding cost, bankers say


The Reserve Bank of India’s (RBI) 25 basis points (bps) repo rate cut will support consumption, investment, and reduce funding costs for corporates, according to senior bankers.

State Bank of India (SBI) Chairman CS Setty said the decision to cut rates while keeping the door open for further easing helps cushion the economy against unexpected shocks or external headwinds.

“The move reinforces the structural drivers of a ‘higher-for-longer’ growth trajectory across investment, credit and consumption,” he said.

He added that concurrent liquidity-management steps are designed to anchor money-market rates and lower borrowing costs. “Together, the rate cut, neutral stance and targeted liquidity interventions aim to sustain economic momentum while safeguarding price and financial stability.”

Housing, MSMes to gain

Indian Overseas Bank MD & CEO Ajay Kumar Srivastava said the rate cut is expected to ease borrowing costs, spur demand in housing and real estate, support MSMEs and sustain growth in personal and auto loans.

“Bank credit growth remains healthy at 11 per cent, and overall credit from bank and non-bank sources has grown 13.1 per cent. The RBI’s ₹1 lakh crore OMO purchases and the 3-year USD/INR buy-sell swap will support liquidity and monetary transmission. These steps will encourage domestic investment and deepen financial access,” he said.

long-term swap

Manappuram Finance MD & Chairman V.P. Nandakumar noted that with price pressures stabilising and liquidity improving, the move aims to lift consumption and investment at a time when growth momentum has moderated. Lower policy rates typically reduce borrowing costs for home loans, autos, MSME credit and working-capital financing, helping households and small businesses manage cash flows more comfortably, though full transmission may take a few weeks.

He added that the introduction of the three-year rupee-dollar sell swap adds another layer of support. “By infusing longer-term liquidity without unsettling short-term rates, the RBI is ensuring banks have room to lend more comfortably. This should help lower funding costs further and improve liquidity conditions for both consumers and small businesses.”

“From a wider economic standpoint, the cut strengthens the pro-growth environment. Bond yields generally soften, credit demand improves, and sectors heavily dependent on financing — such as real estate, autos and NBFCs — stand to benefit from lower EMIs and better borrowing conditions,” he said.

Published on December 5, 2025



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