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IndiGo will shrink in January and there is little it can do

Livemint

Livemint · 1y ago

IndiGo will shrink in January and there is little it can do

IndiGo, India's largest carrier, is expected to shrink its operations in January, with around 30-40 planes being grounded. The airline has already grounded over 40 aircraft and will mitigate the impact through wet leases and upcoming dry leases. Changes to the booking engine indicate an 8% drop in capacity between December and January. The airline is also reducing services on various routes, while maintaining its operations in metro segments and RCS-UDAN routes. The temporary reduction in capacity may affect IndiGo's target to cross the 100-million-passenger mark this financial year.

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Razorpay projects EBITDA breakeven in FY26

The Arc Web

The Arc Web · 9m ago

Razorpay projects EBITDA breakeven in FY26

Razorpay's management anticipates that the company's EBITDA loss will shrink further in FY25 before it declares a small EBITDA profit of $3-4 million in FY26. It has projected a topline of nearly $550-600 million for FY26.

IndiGo’s new business class ’Indigo Stretch’ to take off in November; Delhi-Mumbai fares start at ₹18,018 | Mint

Livemint

Livemint · 1y ago

IndiGo’s new business class ’Indigo Stretch’ to take off in November; Delhi-Mumbai fares start at ₹18,018 | Mint

IndiGo has announced the introduction of its business class product, #IndiGoStretch, on the Delhi-Mumbai route. Bookings will be available starting from August 6 for travel beginning on November 14. This move marks a significant shift for the low-cost carrier, as it ventures into the premium services segment. The CEO of IndiGo, Pieter Elbers, also revealed plans to launch a customer loyalty program called 'IndiGo BluChip'. IndiGo will be offering business class seats on 12 domestic routes, targeting busy and business-oriented routes. Other airlines in India currently offering business-class seats include Air India, Air India Express, and Vistara.

Twodos is a simple to-do app that doesn't remind you of your tasks

TechCrunch · 1y ago

Twodos is a simple to-do app that doesn't remind you of your tasks

Twodos is a simple and minimalist to-do app created by software developer Adam Whitcroft. Unlike other task management apps, Twodos does not overwhelm users with numerous features and options. It consists of a single screen divided into two sections: "Sooner" and "Later." Users can add tasks, mark them as done with a swipe, and move them between sections. Although there are no reminders, users can see the time elapsed between task creation and completion. Twodos integrates well with iOS and supports widgets, themes, and customizable colors. Whitcroft has no plans to release a Mac version, and future updates will focus on minor improvements rather than additional features.

IndiGo launches daily direct flights between Hyderabad-Bangkok

Livemint

Livemint · 1y ago

IndiGo launches daily direct flights between Hyderabad-Bangkok

IndiGo has launched daily direct flights between Hyderabad and Bangkok, making it the first Indian carrier to offer this route. The new service will enhance connectivity between the two cities, boosting economic ties between India and Thailand. IndiGo now operates 37 weekly flights between India and Bangkok, solidifying its presence in the Southeast Asia region. Vinay Malhotra, Head of Global Sales at IndiGo, highlighted their commitment to affordable, on-time, and hassle-free travel experiences. Bangkok is a popular tourist destination known for its cultural heritage, cuisine, and attractions such as palaces and markets.

IndiGo becomes first Indian airline to carry 100 million passengers a year

Livemint

Livemint · 1y ago

IndiGo becomes first Indian airline to carry 100 million passengers a year

IndiGo has become the first Indian airline to carry 100 million passengers in a single calendar year, joining the league of global carriers operating at such a scale. The achievement reflects IndiGo's strong market position, aided by its expanded global presence and enhanced domestic connectivity. Despite reports of potential shrinkage in January, IndiGo remains a dominant player in the Indian market, with plans for further growth and an impressive backlog of plane deliveries.

Over 200 Flights Cancelled; 18 Airports Temporarily Closed for Operations

OutlookIndia

OutlookIndia · 3m ago

Over 200 Flights Cancelled; 18 Airports Temporarily Closed for Operations

In response to missile attacks against Pakistan, over 200 flights have been canceled, and 18 airports in northern and western India, including Srinagar and Leh, are temporarily shut. Airlines such as Air India, IndiGo, and SpiceJet have halted services, affecting major airports like Delhi. Passengers can reschedule or get refunds. There are widespread cancellations in retaliation for the Pahalgam terror attack as part of India's Operation Sindoor, further impacting regional and international flights.

IndiGo to develop multiple hubs for non-stop flights to int'l destinations

Livemint

Livemint · 1y ago

IndiGo to develop multiple hubs for non-stop flights to int'l destinations

IndiGo, India's largest domestic airline, has placed an order for 30 Airbus A350 and Airbus A321 XLR aircraft as it aims to develop multiple hubs in the country. These wide-body planes will allow IndiGo to provide direct connectivity to faraway destinations from different metro cities. The A321 XLR planes will be used for non-stop, 7-8 hour flights to Europe and the Far East countries. With this order, IndiGo joins Air India and Vistara as the only Indian carriers in the wide-body segment. The airline aims to increase its seat capacity on international routes and become a global aviation hub.

Meta India public policy head Shivnath Thukral to step down

Entrackr

Entrackr · 2m ago

Meta India public policy head Shivnath Thukral to step down

Meta India public policy head Shivnath Thukral will be stepping down from his role at the end of this month. Thukral, who joined Meta (then Facebook) in 2017, has been with the company for nearly seven and a half years, serving in multiple policy roles. He was appointed director of public policy for Meta India in November 2022, following the exit of Rajiv Aggarwal. Prior to that, Thukral served as director of public policy at WhatsApp India for about four years. He was elevated to Meta's vice-president for public policy in March 2024. "It is not an easy decision to make, but I feel very confident that our policy engagement with stakeholders is at a credible and constructive juncture, and we can only build further on that," Thukral said in a LinkedIn post on June 11. "There is always more to do, and I know the team is well equipped to navigate the waters well. Having helped build some of the systems and processes, I do feel it is a good time to let the engine and the team work on their own," he added. Thukral's next move is unclear at the moment. "For now, I aim to focus a bit more on my running, health, and family... One should never stop learning, so will update on the next move which will help me learn more and do new and different things," he said.

Humans can be free from jobs that computers can do: Ola CEO on AI

Hindustan Times Tech

Hindustan Times Tech · 1y ago

Humans can be free from jobs that computers can do: Ola CEO on AI

Speaking on artificial intelligence (AI) revolution, Ola CEO Bhavish Aggarwal said, "We humans can finally aspire to be free from doing jobs that...computer can do and truly expand the frontiers of knowledge and creativity." "AI revolution is happening fast and it will propel human productivity, accelerate science and discovery," he added. Aggarwal has announced an AI chat app named 'Krutrim'.

Daily Voice: This portfolio manager sees strong value in largecaps and 4 key sectors amid market correction

Money Control

Money Control · 10m ago

Daily Voice: This portfolio manager sees strong value in largecaps and 4 key sectors amid market correction

- Ashwini Shami is the Executive Vice President & Portfolio Manager of OmniScience Capital. - According to Ashwini Shami, the current market correction is a great opportunity to allocate to large caps. - He sees value in the banking, housing finance, power, and IT services sectors during the correction. - Chinese economy is struggling and may not attract serious money due to high levels of debt and deflation. - There is little risk of earnings downgrade for banks in Q2FY25, and there is potential for an upward rerating of the banking sector. - The valuations in the pharma and healthcare space are considered fully priced with limited alpha opportunities.

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