Domestic air passenger traffic plunged around 43 per cent month-on-month at 64 lakh in January 2022 as the third wave of the pandemic and the resultant restrictions by state governments kept flyers away from air travel, Icra said on Tuesday. The domestic passenger volume in December 2021 was recorded at 112 lakh. The rating agency said it is expecting the recovery process to remain subdued during March quarter and that the jet fuel prices continue to be a drag on the sector. The passenger traffic declined 17 per cent last month over 77 lakh passengers transported by domestic airlines on local routes in January 2021, Icra said.
Adani Group on Friday raised Rs 4,850 crore from the sale of 13.5 per cent of its stake in Fortune oil maker Adani Wilmar as part of a strategy to exit non-core activities to focus on main infrastructure business. The conglomerate, which last month announced its exit from Adani Wilmar by selling the bulk of its stake to a joint venture partner, had on Thursday announced sale of 17.54 crore shares (13.50 per cent equity) in the company on January 10 (to non-retail investors) and on January 13 (to retail investors) at a floor or minimum price of Rs 275 apiece.
Twelve people, including three of a family, were killed and six injured in heavy overnight rains that triggered flooding and house collapse as several rivers swelled in Uttarakhand, officials said on Thursday.
The Bharatiya Janata Party's comprehensive defeat to the Congress in Karnataka where the two parties ran a campaign of contrasts has left the ruling party much to ponder as the two rivals are facing a direct contest in three more state polls this year in the run-up to the all-important 2024 Lok Sabha elections.
Carter was in politics, but not a politician, certainly not a transactional politician, points out Shreekant Sambrani.
According to sources in the aviation ministry, only State-owned Air India and private carrier AirAsia India have agreed to pay the surcharge.
The airline, which was formed through a merger of international carrier Air India and domestic carrier Indian Airlines announced in 2007, has accumulated losses of Rs 4,334 crore till March 31, of which fiscal 2008-09 will account for almost Rs 3,000 crore.
While war rooms are set up closer to the sales, warlike preparations go into it almost 12 months in advance to ensure that on D-day the firm gives its best to its customers.
US short-seller Hindenburg Research had shared an advance copy of its damning report against Adani group with New York-based hedge fund manager Mark Kingdon about two months before publishing it and profited from a deal to share spoils from share price movement, according to market regulator Sebi. The Securities and Exchange Board of India (Sebi), in its 46-page show cause notice to Hindenburg, detailed how the US short seller, the New York hedge fund and a broker tied to Kotak Mahindra Bank benefited from the over USD 150 billion routs in the market value of Adani group's 10 listed firms post-publication of the report.
'In life insurance, it is about creating distribution capacity and solutions for customers. We are constantly working on that.'
The 'request for proposal' for the indigenous construction of the six submarines will be issued soon, they added.
With a temporary job at the Howrah Municipal Corporation for the last 15 years, and earnings of merely 200 a day, Rout has decided to appeal to West Bengal Chief Minister, Mamata Banerjee, to give him a permanent government job.
Cheteshwar Pujara continued his good form in Ranji Trophy as he slammed his second successive century as Saurashtra dominated their Elite Group A match against Manipur.
The Centre should privatise all public sector banks (PSBs), except the State Bank of India (SBI). This is because private banks have emerged as a credible alternative to PSBs with substantial market share. Also, government ownership hinders the ability of the Reserve Bank of India (RBI) to regulate the sector, according to a report by the National Council of Applied Economic Research (NCAER).
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At the close of trade, telecom stocks ended with as much as 4.3 per cent loss.
West Bengal has received total investment proposals worth around Rs 2.43 lakh crore spread across sectors like education, health, mining, steel, infrastructure and financial services during the two-day Bengal Global Business Summit, which concluded in Kolkata on Thursday.
China is also providing supertankers and insurance coverage to move Russian Urals crude to PRC ports, as Moscow seeks vessels for exports after a G-7 oil price cap restricted the use of Western cargo services and insurance.
India has also taken note of reports of Saeed's son Talha contesting elections in Pakistan and said the "mainstreaming" of radical terror outfits in the neighbouring country is nothing new and that it has been part of its State policy for a long time.
Narayan Jagadeesan followed up his double ton in the previous game with a magnificent triple century to help Tamil Nadu declare their first innings
Around 52.46 per cent of the patients have recovered, the health ministry said. The number of active cases stood at 1,53,178 while 1,80,012 patients have recovered, it said in the daily COVID-19 update.
The Bharatiya Janata Party and the Congress remain the most dominant political forces in Chhattisgarh, though the state has several regional outfits that have pockets of influence, while the Aam Aadmi Party (AAP) is making a determined bid to challenge its well entrenched rivals and make a mark in polls to the 90-member House.
'You need to have enough funds to maintain the primacy of public transport and it should not suffer because of lack of funds.'
In the coming months, globally as well as in India, rice might remain a hot potato.
Beatrice Chepkoech of Kenya, the 3,000 metres steeplechase world champion in 2019, passed this season's world leader Sembo Almayew of Ethiopia with a lap remaining to win in 9:05.98.
The National Company Law Tribunal (NCLT) on Monday gave its approval to Jio for the acquisition of Reliance Infratel (RITL). The tribunal asked Jio to deposit Rs 3,720 crore in the State Bank of India (SBI) escrow account to complete the acquisition of RCOM's tower and fibre assets. On November 6, Jio had proposed to deposit Rs 3,720 crore in an escrow account to complete the acquisition of Reliance Infratel which is undergoing an insolvency resolution process.
Hinata Miyazawa scored her fifth goal of the tournament as Japan beat Norway 3-1 in a clash of former champions on Saturday to reach the quarter-finals of the Women's World Cup.
Novak Djokovic enjoyed a stress-free return to US competition following a two year absence
The prime minister took a ride in the metro train between Zero Mile Freedom Park and Khapri stations with some students. Before boarding the train, he visited an exhibition on the project at the Zero Mile station.
The Bharatiya Janata Party (BJP) clinched 23 out of 27 Scheduled Tribe seats in Gujarat as the Aam Aadmi Party (AAP), the new entrant in the state's politics, swept aside the Congress to find a footing in the state's tribal belt.
'Wait for 2019, there will be no space for the BJP in UP.'
Only NIIF has stayed the course as a viable infrastructure financing institution.
Captain and star striker Jann-Fiete Arp (7th and 65th) struck twice while Yann Bisseck (39th) and John Yeboah (49th) scored a goal each to help Germany reach the quarters.
Committee set up by state govt considering reduction in rates
'It is requested that listed equity shares or units of equity-oriented fund schemes be exempted from capital gains tax (LTCG) if equity shares or mutual funds units are held for at least three years.'
The ruling BJP won three assembly seats and the Congress bagged one in the high-stakes by-elections in Tripura on Sunday, officials said.
CPM politburo member Hannan Mollah said the party is facing one of the toughest situations following its defeat in Tripura, which has "forced us to rethink in a new way".
Fresh snowfall disrupted normal life in Jammu and Kashmir, where an avalanche warning was issued in five districts, higher reaches and tribal areas of Himachal Pradesh and the Garhwal region of Uttarakhand on Monday.
Nirmala Sitharaman's messaging was clear when she presented a well-balanced Budget with an eye on state elections in nine states followed by a general election next year, observes Ramesh Menon.
Delegates of all G20 countries, barring China, arrived in Srinagar on Monday for the third working group meeting on tourism -- a much-anticipated event for which authorities have made extensive security arrangements and spruced up the summer capital of Jammu and Kashmir.
Total foreign direct investment into India rose 2 per cent to the "highest ever" $83.57 billion in 2021-22 on account of various measures like policy reforms and ease of doing business taken by the government, the commerce and industry ministry said on Friday. Total FDI comprises equity inflows, reinvested earnings and other capital. In 2020-21, the inflow stood at $81.97 billion. It was $74.39 billion in 2019-20 and $62 billion in 2018-19. "India has recorded the highest ever annual FDI inflow of $83.57 billion in 2021-22," the ministry noted in a statement.
