Home / Dec 27- Jan 02, 2026 / WEEKEND UPDATES / WEEKEND UPDATES
WEEKEND UPDATES
No Comments on WEEKEND UPDATES

WEEKEND UPDATES

Dec 27- Jan 02, 2026, WEEKEND UPDATES December 26, 2025 , by

THREE NEW AIRLINES LAUNCHED

IN the wake of the crisis caused by the collapse of Naresh Goel’s  Indigo Airlines, the Aviation Ministry has given the green signal for setting up three more airlines. The approved airlines are Al Hind Air, Fly Express and Shank Air, they are expected to boost competition between the airlines. It is perceived that it is the near monopoly enjoyed by Indigo which allowed it to exploit its customers. It may be recalled that more than 60 percent of the Indigo flights were grounded when they changed their schedule for pilots and cabin crew.

SUPREME COURT IMPOSES RS30 LAKH FINE!

THE Supreme Court in a very curious case invoked Article 142, relating to the Cyber Security Act, to dissolve a marriage. The differences between them arose from social media posts by the wife, and the husband, against each other. Part of the divorce settlement was that all their social media posts should be removed. This has happened in Delhi.

SC DIRECTIVE ON BUILDINGS

THE Supreme Court has ruled that registration of property may not be acceptable as evidence of ownership. Unless supported by other documents. This follows a number of cases of fraudulent acts by registrar of property. In our own personal experience we have witnessed sub-registrars taking money for undervaluing a property for stamp duty purposes. Even if you have completed your sales deed you should confirm that the property has been transferred to your name in the land register. Unfortunately, at present there is no foolproof of registration of property. During colonial times three different sets of documents were used to confirm ownership of property.

RUPEE CONTINUES TO FALL AGAINST DOLLAR

THE Indian rupee is amongst the weakest currencies in the world. Recently, the rupee value against the dollar fell to Rs91 marking a decline of over 20 percent since the time Manmohan Singh was the finance minister. The steady fall in the rupee is due to the troubled trade conditions imposed by the tariffs of the Trump administration and large scale selling of foreign portfolio investments.

`ET’ UNVEILS NEW PROGRAMS

“The Economic Times” has launched an expanded program to improve literacy on artificial intelligence and the status of companies. The new program titled “All About Your Company” provides you details of its brand value, its financial future, the trend in earnings and the impact of changes in import and customs duty as well as GST.

FINALLY, DECLINING GOLD

THE price of gold which had touched record heights finally declined on Wednesday, December 24 by Rs1,700 to Rs1,36,000 per 10 grams. Gold has been very expensive throughout 2025 primarily due to the uncertainty caused by the tariff wars between the United States and the rest of the world. Increasingly, people have turned to gold as the most reliable means of saving. The price of 99.9 percent purity of gold had gone up to an all time high of Rs1,40,000 for 10g. Meanwhile Saudi Arabia has discovered a huge deposit of gold which will add to its already huge petroleum revenues.  

ENTER WORLD OF TRILLIONAIRES

ELON Musk has now topped $600 billion after SpaceX, his rocket company, hit a valuation of Rs800 billion in the US share market. This has made Elon Musk’s companies the most valued private companies. Interestingly, it was the Chinese semi-conductor manufacturers who till now owned the distinction of being the world’s most valuable companies. Musk adds more wealth in a day than the Ambanis’ total network. This has raised concerned globally over whether the rich and the super rich are taking over the control of the world economy or economies.

PHIRSE KITAAB LITERATURE FESTIVAL AT ICG

BOOK lovers may want to catch this event happening at the International Centre  Goa on Saturday, December 27. It’s an initiative of the Phirse Kitaab Campaign, this literature festival brings together the reading community – authors, writers, readers, book lovers and everyone in between. It celebrates stories, inspires readers and creates a culture where books belong. Chief Guest is going to be eminent Goan writer Damodar Mauzo. See you there!

No related posts.

Search

Back to Top