Red Sea and ship of state
International Business News: US-led strikes won’t stop Houthi attacks on ships. GOI should prepare for trade disruptions. Low-value/high-volume exports, critical imported parts fo Key Points
Times Of IndiaFluctuations in pricing exist and will continue, says IndiGo CEO Pieter Elbers
IndiGo CEO Pieter Elbers, has said that fluctuations in the airfares are due to temporary disruptions in capacity caused by the suspension of flying by Go First airlines. The grounding of Go First aircraft has created a vacuum in Indias aviation market making way for rival airlines. Key Points
Economic TimesHigher freight costs, container import dependence hurt India’s exports: GTRI
India needs to boost container production, promote domestic use, strengthen shipping firms, and enhance port infrastructure. High freight costs, container shortages, and reliance on foreign carriers challenge exports. Domestic shipping handles only 5-10% of trade volume, with heavy dependence on Chinese containers making India vulnerable to supply disruptions. Key Points
Economic TimesUnions urge Tata Group to engage in constructive dialogue with pilots amid Vistara crisis
Turbulence in Tata group airline Vistara as pilot unions advocate for better conditions. HR threats risk safety. Pilots exploited, overworked, and deprived of rights. DGCA monitoring disruptions. Urging Tata Group to address issues and respect pilots for safety and fairness. Key Points
Economic TimesChennai grapples with torrential rain as memories of 2015 floods return
The continuous downpour resulted in power outages and internet disruptions. Cyclonic storm Michaung, expected to cross the Andhra Pradesh coast on Tuesday forenoon, loomed near Chennai and Puducherry, bringing heavy rainfall. The latest update from the weather office has forecast the likelihood of heavy rains accompanied by strong winds on Monday night. Transportation services took a severe blow, with numerous trains and flights canceled. Waterlogged roads presented challenges for the scarce number of road users. Key Points
Economic Times
NSE, BSE say functioning normal; not impacted by Microsoft outage
Glitch is causing users to see ‘Blue Screen of Death’ error messages. Country’s leading stock exchanges NSE and BSE on Friday said they are not impacted due... Key Points
The Tribune IndiaAll roads to Delhi sealed ahead of farmers protest at UP Gate, Singhu, Tikri
Delhi seals borders amid renewed farmer protest fears, deploying concrete walls and barbed wires at Singhu, Tikri, and UP Gate. Failed talks in Chandigarh over MSP prolong deadlock. Traffic chaos looms, reminiscent of 2020-21 agitation. Delhi Police enforce Section 144, deploy 10,000 officers, and convert Bawana stadium into a temporary jail. Concerns arise for commuters, students, and border traffic disruptions, especially in West Uttar Pradesh. Key Points
Economic TimesOil climbs as tensions escalate in Middle East
By Florence Tan SINGAPORE (Reuters) -Oil prices climbed on Monday after a drone attack on U.S. forces in Jordan added to worries over supply disruption in the Middle East as Houthi rebels stepped up Key Points
ThePrintFlight delays: Aviation ministry to set up war rooms at six metro airports
Under the new directives, airports and aviation players will set up war rooms at the 6 Metro Airports. These facilities will immediately address any issues related to passenger inconvenience caused by flight disruptions. Key Points
Economic TimesHow companies are responding to attacks on ships in the Red Sea
The attacks, targeting a route that accounts for about 15% of the world's shipping traffic, have pushed several shipping companies to reroute their vessels. The U.S. and Britain launched dozens of air strikes against Houthi military targets overnight on Jan. 11 and 12 in retaliation for the attacks, widening regional conflict stemming from Israel's war in Gaza. Key Points
Economic Times
Tamil Nadu districts on alert as heavy rainfall triggers flood warnings; schools, colleges closed
Tamil Nadu grapples with heavy rainfall, prompting holiday closures in Tirunelveli, Thoothukudi, Kanyakumari, and Tenkasi districts. Severe waterlogging and overflowing lakes in Thoothukudi raised concerns. IMD forecasts continuous heavy rain in multiple districts, prompting proactive measures by the government. Relief camps and disaster response forces are deployed, emphasizing public safety. disruptions in Tirunelveli, Tuticorin, and Tenkasi persist. The Meteorological Department warns of potential cyclonic winds, urging vigilance amid ongoing rainfall for community safety. Key Points
Economic TimesPNC sees growth opportunity in capital-led market disruptions
PNC Financial Services (PNC.N) CEO William Demchak on Tuesday said that the market disruptions caused by the Basel III endgame proposal is an opportunity for the bank to grow. Key Points
ReutersOil prices rise amid anxieties over escalation of Israel-Hamas war
Brent crude futures & US West Texas Intermediate crude futures both rose 0.6% a barrel. Both benchmarks fell more than 2% Monday as diplomatic efforts in Middle East intensified. Key Points
ThePrintEAM Jaishankar flags supply chain disruptions, prolonged debt crisis as key challenges facing world
The prospects of a global economic recovery remain dim amid supply chain disruptions, prolonged debt crisis and pressures on energy, food and fertiliser security, External Affairs Minister S. Jaishankar said on Monday, calling for a united global approach to deal with the challenges. Key Points
The Hindu