Govt to Take Strict Action Against IndiGo; Shares Plunge ₹17,884 Cr

• Aviation Minister announced strict action against IndiGo for flight disruptions, aiming to set an example for other airlines.
• IndiGo's shares plummeted nearly 9% on Monday, wiping out ₹17,884.76 crore from its market valuation.
• The government is investigating IndiGo's massive flight cancellations and has formed a committee to identify root causes.
• IndiGo apologized for disruptions and is adding more flights to normalize operations after a week of cancellations.

Why It Matters: Government's strict action against IndiGo signals tougher airline regulation.