There are hopes of a turnaround in overall corporate earnings after six quarters of single digit growth.
The Indira Gandhi International Airport in the national capital is the country's busiest airport and RWY refers to runway.
Rising aviation turbine fuel cost, poor infrastructure, regulatory controls and reluctance of consumers to take to air travel are some of the issues hurting aviation industry in the country, Deccan Aviation executive chairman Captain G R Gopinath said.
Due to airspace restrictions resulting from the conflict in the Middle East, Indian domestic carriers have cancelled 278 international flights. Some airlines are operating limited services and special flights to assist stranded passengers.
'In any aviation emergency, the first rule is aviate -- fly the aircraft.' 'The fact that the commander's voice is not on the recording simply means he was focused entirely on flying. It does not imply anything more than that.'
Benchmark equity indices Sensex and Nifty tumbled in early trade on Wednesday, tracking a bearish trend in Asian markets, as the conflict in West Asia widened, driving oil prices higher.
Responding to concerns raised by Leader of the Opposition Rahul Gandhi in the Lok Sabha, Petroleum Minister Hardeep Puri said it is the foremost priority of the government that the kitchens of over 33 crore families, especially the poor and the underprivileged, do not face any shortage of gas.
India perhaps is the only market in the world where full-service and low-cost fares have become one.
A technical snag was detected in a helicopter scheduled to transport Maharashtra Minister Pankaja Munde for campaigning, delaying her journey. The issue was discovered during a routine inspection, leading to the grounding of the helicopter and a DGCA investigation.
Indian benchmark equity indices Sensex and Nifty experienced a significant crash in early trade, triggered by a sharp increase in crude oil prices and escalating tensions in the Middle East.
Benchmark indices Sensex and Nifty experienced a significant decline, falling over 1 per cent due to foreign fund outflows and global uncertainties.
The Indian aviation market's recovery has been significantly impacted by caps on fare and capacity that has been placed by the government since May last year, said Willie Walsh, the director general of global airlines body IATA, on Tuesday. When India resumed the scheduled domestic flights on May 25 last year after a two-month break in view of COVID-19 lockdown, it had allowed the carriers to operate not more than 33 per cent of their pre-Covid domestic services. This capacity cap has been gradually increased and it now stands at 65 per cent.
Former Maldives President Mohamed Nasheed advocates for building democratic institutions over military intervention in resolving international conflicts, particularly in the context of the escalating West Asia crisis. He also discusses the impact of the conflict on the Maldives' tourism-dependent economy and calls for a stronger, more understanding India in the Indian Ocean Region.
The Competition Commission of India, following its preliminary inquiry, said the airline appeared to have caused an appreciable adverse effect on competition by restricting its services.
The Delhi High Court refused to entertain a PIL seeking compensation for passengers affected by IndiGo flight cancellations, citing an ongoing related case.
An Iranian missile strike targeted the town of Beit Shemesh, located west of Jerusalem, resulting in significant casualties and structural devastation, as reported by Al Jazeera. The strike caused extensive damage earlier Sunday to several buildings, with one structure completely collapsing under the impact.
Sensex and Nifty post steepest weekly loss in over a year, falling nearly 3 per cent.
Stock market benchmark indices Sensex and Nifty ended 2.5 per cent higher on Tuesday after India and the US agreed to a trade deal under which Washington will bring down the reciprocal tariff on Indian goods to 18 per cent.
24 Indian-flagged vessels with 677 Indian seafarers were currently located west of the Strait of Hormuz, and four vessels with 101 Indian seafarers were stationed east of the strategic waterway.
The deferral of Natarajan Chandrasekaran's re-appointment as Chairman of Tata Sons has sparked questions regarding a previous unanimous resolution by Tata Trusts and potential internal disagreements.
The crash took place shortly after the aircraft operated by Redbird Airways Pvt Ltd took off from Ranchi airport at 7.11 pm.
The airline industry was impacted last year by the global economic slowdown but the growing Indian and Chinese markets are expected to help boost the sector, Civil Aviation Minister Ajit Singh said.
The Tata Sons board has deferred a decision on the re-appointment of Natarajan Chandrasekaran as Chairman, signaling potential differences within the group. Concerns were raised about losses in certain group companies and the listing of Tata Sons.
Civil Aviation minister Praful Patel on Wednesday said the modernisation and restructuring of major airports has started with Delhi and Mumbai airports.
The government on Tuesday announced certain incentives as part of efforts to boost maintenance, repair and overhaul activities in the country's aviation and shipping sectors. India is one of the fastest growing domestic aviation markets in the world.
IndiGo has vacated over 700 slots at various domestic airports after the DGCA curtailed its winter flights by 10% following operational disruptions in December. Other airlines are invited to request these slots.
'IndiGo is fooling the country and the government has succumbed to it.'
'I don't think it is right to remove him over one lapse. The focus should be on restoring operations, not on removing a key management personnel.'
As many as 17 cancer drugs, along with medicines and food for special medical needs for seven rare diseases, components for microwave ovens are some of the items that are set to become cheaper with Finance Minister Nirmala Sitharaman announcing cuts in customs duty in the Union Budget 2026-27.
The Aircraft Accident Investigation Bureau (AAIB) is expected to release its preliminary report this week on the Air India plane crash in Ahmedabad, which resulted in the deaths of at least 260 people. The investigation is ongoing, with the help of foreign experts, and the black box and voice recorder data are being analyzed.
External commercial borrowings to the extent of USD 1 billion to be allowed for aviation sector for next year.
The Union Budget for 2026-27, presented by Finance Minister (FM) Nirmala Sitharaman on Sunday, which was a first, had an excellent domestic macro backdrop. According to the first advance estimates, gross domestic product (GDP) in constant prices is projected to grow 7.4 per cent in the current financial year, against 6.5 per cent in 2024-25.
The Directorate General of Civil Aviation (DGCA) has launched an investigation into the air ambulance crash in Jharkhand's Chatra district that killed all seven people on board. Two teams from the DGCA are probing the accident, while families mourn the loss of their loved ones.
Trading pattern in the stock market this week will largely depend on the ongoing Q3 earnings announcement from corporates, global trends, and foreign fund movement, analysts said. Moreover, geopolitical developments and any update on trade negotiations would also be keenly tracked by investors, experts noted.
'Based on the joint statement, a formal agreement will be drafted, which may take a month or month-and-a-half to finalise. We aim to sign the formal agreement by mid-March.'
'In India, there is this first generation migrant, say from a small village in UP. He didn't go to the Gulf to buy a big house but make the life of his family better.' 'He may have paid 1 lakh rupees to an agent to go to the Gulf. Imagine what will happen to him and his family if he has to come back. He and his family will become poor again.' 'He went to the Gulf to come out of poverty, but this war will make his family trapped in poverty once again.'
The aviation industry in India, through Air India, is a gleaming example of what the lack of corporate governance can do to a business, says Pratip Kar.
Out of the total Plan outlay of Rs12164.76 crore (Rs 121.65 billion) for the Ministry of Civil Aviation, Rs 190 crore (Rs 1.9 billion) is the budgetary support.
'They are saying that there is a pilot shortage which is not correct, but if it was true, did they suddenly come to know this on December 5?' 'If they didn't have crew, why did they seek approval for a winter schedule? To get the approval, the operator has to show crew strength and also a buffer of crew available.' 'If they had a crew crunch, why did they ask for extra flights? Or was it something else that made them so sure that they would get away with this exemption and bans?'
If one goes by IATA's prediction, the pain should be halved in this year.
