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Weekly News Platter |
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6 Dec, 2025, 03:52PM IST, PTI |
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Hello Reader,
In case you had a busy week, these are the top stories you need to get caught up to speed...
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 India imposes temporary fare caps amid IndiGo meltdown |
| The Civil Aviation ministry has imposed temporary fare caps on domestic airlines following a surge in airfares, driven by widespread IndiGo flight cancellations. These caps aim to stabilise prices during the ongoing operational disruption, with strict action threatened for violations. The intervention follows IndiGo's crisis, largely due to new crew duty norms. Read more |
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 Modi, Putin strike deals to turbocharge bilateral trade till 2030 |
| India and Russia solidified bilateral ties with multiple agreements signed, including a urea plant deal and MoUs on food safety, shipping, and medical sciences. Both nations also agreed on an economic cooperation program to boost trade until 2030, with India pursuing an FTA with the Eurasian Economic Union. Read more |
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 The way it's going, will Rupee breach the 100 mark sooner or later? |
| India's rupee has fallen to a record low against the dollar, raising concerns about a potential slide to 100. This depreciation is driven by weaker exports, foreign outflows, and global dollar strength. While policymakers remain measured, analysts suggest a breach of 100 is possible under specific negative scenarios, though not the base case. Read more |
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 When will IndiGo fly normally again? This, and some other answers |
| IndiGo flight cancellations news: IndiGo faces widespread flight cancellations and delays, stranding thousands due to new DGCA pilot duty rules. The airline CEO in a statement said that the situation may take some time to get normal. The airline cites operational challenges, but pilot federations blame IndiGo's lean staffing and late preparation for the ongoing chaos, impacting services for the third consecutive day. Read more |
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 A 19-minute viral video controversy sparks buzz on social media |
| The 19-minute viral video has taken the social media by storm and has sparked confusion and chaos online. While some claim the video shows explicit content, others are calling it AI-generated. While the origin of the video remains a complete mystery, sharing obscene material online can land you in jail. Read more |
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 Indians have a new fav destination for their winter wanderlust |
| Japan’s popularity among Indian tourists is rising, with winter travel demand up 15% for December–February departures compared to last year, according to Cox & Kings. Winter illumination festivals, skiing, snow villages, hot springs (onsens), and snowy hikes are driving interest, appealing to families, couples, and young travellers. Read more |
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 Sebi bans influencer Avadhut Sathe, orders return of Rs 601 cr |
| Sebi has cracked down on Avadhut Sathe and his firm, Avadhut Sathe Trading Academy. They are banned from the stock market and must return Rs 601.37 crore. This money was collected from over 3.37 lakh investors. Sathe provided unregistered investment advice and stock tips. Sebi's investigation covered activities from July 2017 to October 2025. Read more |
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 Old silver turns into new riches, 100 tonnes offloaded in one week |
| Indians sold an estimated 100 tonnes of old silver in one week, driven by record-high prices and seasonal demand for cash. This surge, far exceeding typical monthly sales, indicates a significant profit-taking opportunity for households. Analysts predict further price increases due to a widening supply deficit. Read more |
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 American dream has new country code at IITs |
| IIT placements are witnessing a geographical shift, with top-paying job offers now originating from India, the Netherlands, Singapore, and the UK, rather than solely the US. US visa uncertainties and Asia's growing compensation and opportunities are driving this change, with companies building teams where talent resides. Read more |
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 Repo rate cut by 25 bps to 5.25%; stance neutral, GDP revised |
| Latest Monetary Policy Committee meeting updates: The RBI's Monetary Policy Committee cut the policy repo rate by 25 basis points to 5.25%, maintaining a neutral stance. This decision follows a significant drop in inflation to a multi-decade low and robust GDP growth of 8.2% in Q2 FY2026. The move aims to provide monetary support amidst favorable economic conditions. Read more |
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 In rare move, DGCA asks its inspectors to operate for IndiGo |
| IndiGo Flight Cancellations: IndiGo faces widespread flight cancellations due to pilot shortages. The DGCA is deploying its inspectors to operate flights for the airline. New pilot rest rules have seen relaxations, including caps on night landings. IndiGo is reducing its flight schedule significantly as it works to stabilize operations. The airline seeks time until February 10 to fully recover. Read more |
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 Half-trillion loss? HSBC says OpenAI faces titanic cash burn through 2030 |
| OpenAI is facing a massive cash burn. HSBC now projects nearly $500 billion in operating losses by 2030. Compute deals with Microsoft and Amazon could push costs to $792 billion, with data-center rent hitting $620 billion a year. Revenue may reach $213 billion, yet free cash flow stays negative, leaving a $207 billion funding gap that keeps rising. Read more |
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 India weighs greater phone-location surveillance; companies protest |
| The Indian government is reviewing a telecom industry proposal to force smartphone makers to keep satellite-based location tracking (A-GPS) always active for law enforcement purposes. The move, aimed at providing authorities with precise user locations, has raised strong privacy concerns from Apple, Google, and Samsung, who argue it would turn phones into “dedicated surveillance devices” and pose legal, security, and privacy risks. Read more |
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 GSK India plans big 'reinvention', MD Bhushan Akshikar reveals |
| GlaxoSmithKline Pharmaceuticals is planning a major comeback in India. The company aims to double its revenue to ₹8,000 crore within the next 4-5 years. This growth will be driven by a strategic shift towards specialty drugs in oncology and liver diseases. Adult vaccination is also a key focus area. Read more |
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 Layoff tsunami hits America as 71,000 jobs slashed in November |
| US layoffs surged again in November, with employers announcing 71,321 job cuts, according to new data from Challenger, Gray & Christmas. The monthly total fell sharply from October’s 153,074 reductions but remained 24% higher than the same month last year. The bigger picture is more alarming. With November’s cuts added in, 2025 has now crossed 1.17 million layoffs, making it the first year since the pandemic to break the 1.1 million mark. Read more |
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 The message to Trump from Modi–Putin Summit is clear |
| Amidst US pressure, the 23rd Russia-India Annual Summit reaffirmed India's commitment to strategic autonomy and its partnership with Russia. Leaders emphasized shared support for a multipolar world order, highlighting uninterrupted energy supply and plans to expand bilateral trade beyond $100 billion by 2030. Read more |
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 Indians returning from US may face higher tax as treaty benefit wanes |
| Returning professionals and retirees from the US face higher taxes. A US clarification on tax treaties may end lower tax rates on their US earnings. This change impacts individuals considered 'resident but not ordinary resident' in India. They could see increased withholding taxes on dividends, interest, and royalties. This situation requires individuals to reassess their financial planning and return timing. Read more |
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