December 5, 2025

Supreme Court Forbids Temple Money for Struggling Co-op Banks, Orders Refund

The Supreme Court ruled that money belonging to temple deities cannot be used to save failing cooperative banks. It ordered banks to return deposits to Kerala’s Thirunelly Temple, rejecting banks' appeals against the High Court’s refund directive.

December 5, 2025

IndiGo Faces Massive Disruptions: 400+ Flight Cancellations and Long Passenger Delays

IndiGo cancelled over 400 flights on December 5 due to pilot rostering problems. Passengers faced long delays, protests, and lost baggage. DGCA approved exemptions to ease pilot rules.

December 5, 2025

RBI to Inject ₹1 Lakh Crore Liquidity via OMO and $5 Billion USD/INR Swap in December

The Reserve Bank of India will buy ₹1 lakh crore of government securities and execute a $5 billion USD/INR swap to ensure smooth market liquidity amid upcoming tax payments.

December 5, 2025

IndiGo's On-Time Performance Slumps to 8.5% Amid Crew Issues and Flight Cancellations

IndiGo's punctuality nosedives to 8.5%, forcing flight cancellations due to crew problems. Competitors Air India and Akasa Air fare better on Thursday.

December 5, 2025

Nine Fugitive Economic Offenders Owe Banks ₹58,000 Crore; SBI Recovers 52%

Nine fugitive economic offenders owe Indian banks more than ₹58,000 crore. SBI leads with a 52% recovery rate, mainly from Vijay Mallya's case. Other banks recover less than 40%.