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Spirit Airlines, the US' biggest budget airline, has filed for bankruptcy protection. Spirit has lost more than $2.5 billion since the start of 2020 and faces looming debt payments totaling more than $1 billion over the next year. The airline will attempt to reboot as it struggles to recover from the pandemic-caused swoon in travel and a failed attempt to sell the airline to JetBlue, AP reported. The Florida-based airline said it had pre-arranged a deal with its bondholders to restructure its debts and raise money to help it operate during the bankruptcy process, which it expects to exit in the first quarter of 2025. The carrier said it expected to continue operating its business as normal through the proceedings and customers could book and fly without interruption.

Business has been tough for a while now if your business is selling Canadian natural gas in North America.

Singapore Airlines CEO Goh Choon Phong on Monday said the airline group will support the ongoing transformation of the enlarged Air India Group by offering «our stewardship and expertise where possible» as he emphasised that Air India-Vistara merger marks a pivotal moment for Indian aviation. In his first comments after the completion of the merger on November 11, he also said that Singapore Airlines is committed to deepening its commercial collaboration with Air India. Vistara was a joint venture between Singapore Airlines and Tatas, and with the merger, Singapore Airlines has a 25.1 per cent in Tata Group-owned Air India. At a symbolic ceremony in the national capital on Monday, Tata Sons and Singapore Airlines celebrated the merger. Tata Sons Chairman Natarajan Chandrasekaran, Goh Choon Phong, as well as senior management and employees from Tatas, Singapore Airlines, Air India, and Vistara were present, according to a joint release by Singapore Airlines and Tata Sons.

Amazon Seller Services and Flipkart Internet, experienced robust growth in the fiscal year ending March 2024, reaching a combined total of Rs 11,621 crore. This marks an impressive 33% increase from the previous fiscal year’s Rs 8,705 crore, according to regulatory filings by both companies. Amazon Seller Services, the Indian marketplace arm of the global e-commerce giant Amazon, reported a substantial 24% increase in revenue from «other marketplace-related services,» amounting to Rs 6,649 crore—a notable rise from Rs 5,380 crore in the previous fiscal year. The «other marketplace-related services» category primarily comprises income from advertising, which is recognised based on clicks or impressions delivered to users.

healthcare industry is expected to step up spending on cybersecurity, with hospitals currently allocating 8–10% of their IT budgets for hiring experts and deploying tools to prevent cyberattacks. According to a Deloitte India analysis, this will increase to 12–15% in the next two years– from a reactive to a proactive cybersecurity readiness. Unlike the financial services sector, healthcare has been slower in adopting digital technologies. However, recent data breaches and rising cyber threats have prompted large hospital chains and their board members to prioritise patient data protection highlighted the ‘Cyber Resilience in Hospitals’ report by Deloitte and the Data Security Council of India (DSCI). While the Indian healthcare system is valued at $66 billion and projected to surpass $100 billion by 2027 cyber readiness and digital infrastructure needs to be developed. Nearly 60% of healthcare organisations globally suffered a cyberattack in 2023, according to a study by Sophos, earlier reported by ET. This includes India's top institutions such as the All India Institute of Medical Sciences (AIIMS) and the Indian Council of Medical Research (ICMR) wherein the personal data of over 81.5 million Indians was compromised and found for sale on the dark web.

Tilaknagar Industries for Rs 62 crore via a block deal while Societe Generale was the buyer. BofA sold shares at a price of Rs 338.65 apiece which was marginally lower than the previous closing price of Rs 339.30 on the BSE.

Sabarmati Report starring Vikrant Massey released in the theatres and a day after PM Narendra Modi praised it, Union Ministers Amit Shah and Ashwini Vaishnav followed suit on Monday. In a wave of support, praise as well as criticism, social media platform X remained divided over the film as voices from both spectrums flooded it. The BJP leaders took to X to voice their review of the film, as TMC leader Sagarika Ghose and supporters pounced on the action to attack the saffron party over it. “No matter how hard a powerful ecosystem tries, it cannot keep the truth hidden in darkness forever. The film #SabarmatiReport defies the ecosystem with unparalleled courage and exposes the truth behind the fateful episode to broad daylight,” wrote Union Home Minister Amit Shah.

Mutual Fund on Monday divested 6.6 per cent stake in MedPlus Health Services for Rs 552 crore through open market transactions. MedPlus Health Services is a retail pharmacy and diagnostics chain in India. Billionaire Azim Premji's PE firm Premji Invest, through its arm PI Opportunities Fund — I, sold 68.93 lakh shares or 5.77 per cent stake in MedPlus Health Services and exited the firm, according to the block deal data on the National Stock Exchange (NSE).

Subscribe to enjoy similar stories. Of his 16 daily waking hours, Deepak Chopra spends four or five meditating. He never gets bored, he said, and he never experiences stress.

unemployment rate for people aged 15 years and above in urban areas dipped to 6.4 per cent in the July-September quarter, according to the National Sample Survey Survey (NSSO). Joblessness, or unemployment rate, is defined as the percentage of unemployed people in the labour force. The unemployment rate in the September quarter of FY24 was 6.6 per cent. The unemployment rate for people aged 15 years and above in the previous April-June quarter of FY25 was 6.6 per cent in urban areas, the 24th Periodic Labour Force Survey (PLFS) showed.

NTPC on Monday said it has paid Rs 2,424 crore as an interim dividend to its shareholders. The company paid its first interim dividend of Rs 2,424 crore for the financial year 2024-25 on November 18, representing 25 per cent of the company's paid-up equity share capital, NTPC said in a statement. NTPC CMD Gurdeep Singh, along with the Board of Directors of the company, presented the «payment advice of Rs 1,238.84 crore, representing the government's share to the Minister of Power Manohar Lal, Power Secretary Pankaj Agarwal», it added.

staggered working hours and air purifiers in all office buildings to mitigate the health impact of the severe pollution levels. In a letter to the Secretary of the Department of Personnel and Training (DoPT), the association said that poor air quality has also had a noticeable effect on workplace productivity with employees experiencing symptoms such as respiratory issues, eye irritation, fatigue and general discomfort. «It has become imperative to take urgent measures to ensure the well-being of all, particularly those engaged in government services,» said the letter by the CSS Forum.

Remote work was a novelty before Covid-19 broke out, with less than one in three companies (30%) in India offering the option, but stringent restrictions during the pandemic made almost all companies adopt WFH policies. And 68% companies continue with these policies, said a joint report by industry body Confederation of Indian Industry (CII) and business school Faculty of Management Studies (FMS), titled ‘Work-from-home: Benefits and costs’. While about 5% of companies allow fully remote work, almost half of them expect employees to be present in the office for two-three days a week.

Delhi Ridge area. Earlier, a bench headed by the then CJI D Y Chandrachud, since retired, had sought a personal affidavit of Delhi Lieutenant Governor V K Saxena in the case which had also sought initiation of contempt proceedings against certain DDA officials. At the outset, the CJI, who was sitting on the bench with Justice Sanjay Kumar, said, «One thing I would like to point out that when I was the NALSA chairman, I had gone to Patna and with Delhi LG had toured jails there. So, it will not be appropriate for me to hear the plea...». The bench ordered the listing of the pleas before a bench of which the CJI is not part in the week commencing November 27.

Content-to-commerce company The Good Glamm Group on Monday announced completion of 100 per cent acquisition of The Moms Co. The Good Glamm Group, in October 2021, acquired a majority stake in The Moms Co through a cash and stock deal, leading to partial exits for The Moms Co founders and full exits for investors like DSG Capital and Saama Capital. The remaining shares held by the founders were fully acquired by The Good Glamm Group over the last two years, wrapping-up the 100 per cent acquisition, according to a release. The latest announcement comes on the heels of the Group completing the Sirona transaction and its increases in shareholding in other portfolio brands Organic Harvest and Winkl.

Benchmark NSE Nifty closed 78.91 points down at 23453.8 amid selling in frontline bluechip counters.

portfolio outflows and a decline in most Asian currencies weighed on the local unit. The rupee closed at 84.3850 against the U.S. dollar, nearly unchanged from its close of 84.3950 in the previous session.

IT stocks after Federal Reserve Chair Jerome Powell indicated that strong U.S. economic growth would delay interest rate cuts. The BSE Sensex fell 241 points, or 0.31%, to close at 77,339, while the NSE Nifty slid 79 points, or 0.34%, to finish at 23,453.

initial public offering of Zinka Logistics, the parent company of Flipkart-backed trucking aggregator BlackBuck, sailed through on the last day of its public issue. As of 3 pm, the overall issue was subscribed 1.30 times. According to data from the BSE, the public issue received bids for more than 3.52 crore shares against the 2.25 crore shares on offer. Qualified institutional buyers (QIBs) bid 1.80 times the shares reserved for them, while retail investors subscribed to their portion 1.46x.

Maharashtra Assembly elections, the BJP on Monday launched a new ad campaign attacking the opposition Maha Vikas Aghadi (MVA) and urging people to "Say No to Congress." The campaign highlighted various incidents from the past, including the 26/11 Mumbai terror attacks, with headlines such as «26/11 Mumbai Terror Attack», «2003 Mumbai serial blasts», «Chronology of the 7/11 train bombing case», and «Death toll in Pune blast rises to 17.» It also referred to tragedies like the Gowari massacre and the Palghar Sadhu lynching, questioning the government's response. The campaign also focused on issues such as corruption, with the BJP mentioning the alleged black-marketing of Remdesivir by a Congress official, and allegations of financial mismanagement in the BMC.

NASA-German satellites found evidence that Earth’s total amount of freshwater dropped abruptly starting in May 2014 and has remained low ever since. The researchers suggested the shift could indicate Earth's continents have entered a persistently drier phase. «From 2015 through 2023, satellite measurements showed that the average amount of freshwater stored on land — that includes liquid surface water like lakes and rivers, plus water in aquifers underground — was 290 cubic miles (1,200 cubic km) lower than the average levels from 2002 through 2014,» said Matthew Rodell, one of the study authors and a hydrologist at NASA’s Goddard Space Flight Center in Greenbelt, Maryland.