Desk note · industry · Aviation / consumers
After a fire involving a portable battery on an IndiGo flight, the Directorate General of Civil Aviation barred the MOBIKINS MK-PB-04 power bank from Indian flights from 29 September 2026, while Paytm founder Vijay Shekhar Sharma urged a wider in-flight ban in posts on 16 October.

India’s aviation regulator tightened rules on portable lithium batteries after a fire on board an IndiGo flight. In a communication dated 29 September 2026, the Directorate General of Civil Aviation barred passengers from carrying or using the MOBIKINS MK-PB-04 power bank on flights operating to, from, or within India. Reporting ties the order to a recent cabin incident involving that specific model. On 16 October 2026, Paytm founder Vijay Shekhar Sharma posted on X asking why airlines and regulators allow power banks in cabins while requiring phones in airplane mode. He called for wider restrictions on flights serving India. The DGCA action stops short of a blanket ban on all power banks.
Lithium cells in carry-on bags remain a known ignition risk if damaged or poorly manufactured. Regulators usually blacklist particular models after fault investigations rather than outlawing every battery pack, because passengers rely on them for phones and laptops on long sectors. A targeted ban forces airlines to update safety briefings and security screeners to watch for one SKU, while leaving other brands legal if they meet watt-hour limits. Sharma’s proposal would push India toward stricter cabin rules seen in some cargo-only lithium policies, which would affect frequent flyers and gadget-heavy travellers.
Check your power bank model against the DGCA notice before flying; discard or leave banned units at home. Prefer name-brand packs within airline watt-hour caps and keep them in cabin baggage, not checked luggage. Business travellers should brief staff who fly weekly. Watch whether DGCA expands the prohibited list, how IndiGo documents the incident, and if other carriers lobby for wider limits during the winter travel peak.
Trade policy / exports
Commerce minister Piyush Goyal said on 22 October 2026 that India’s proposed free-trade agreement with the European Union could become operational within four to five months after signing, with the deal expected to be inked before year-end during his visit to Germany.
Food delivery / quick commerce
Swiggy reported on 22 October 2026 that September-quarter revenue rose 36% to about ₹7,571 crore and the consolidated net loss narrowed to ₹922 crore, as food delivery posted record adjusted core profit of about ₹349 crore while quick-commerce Instamart lost about ₹764 crore at the segment level amid heavier discounting and 69 new dark stores.
Quick-service restaurants / consumers
KFC and Pizza Hut operator Sapphire Foods India said on 22 October 2026 that September-quarter consolidated restaurant sales rose 20% year on year to about ₹885 crore, with KFC India same-store sales up 14% and adjusted EBITDA margin expanding 100 basis points to 7.1% even as the listed stock remained far below its 52-week high.
RBI / government borrowing
On 22 October 2026, the Reserve Bank of India accepted no bids at the scheduled sale of short-dated government treasury bills, the first full cancellation in about seven months, as investors demanded higher yields amid a bond selloff, oil-linked inflation fears, and expectations of more rate hikes after October’s policy minutes.
For informational purposes only. Not investment advice. Verify with filings and a licensed adviser.