IndiGo’s worst operational meltdown led to thousands of cancellations, rising costs and reputational strain, but HSBC says the airline’s long-term fundamentals remain intact. The brokerage cut its target price but kept a ‘Buy’ rating, arguing that despite new pilot-duty rules and short-term disruptions, IndiGo’s cost advantage and market position are unchanged as operations begin to stabilise.
Silver climbs Rs 11,500 to a fresh peak on global cues
Silver prices surged by ₹11,500 to a fresh peak of ₹1,92,000 per kilogram in New Delhi, marking the steepest single-day rise in nearly two months.