New Delhi, May 27 (IANS) IndiGo is set to reduce its domestic flight capacity by 5-7 per cent between June and August 2026, becoming the second major Indian carrier after Air India to scale back operations amid rising cost pressures and softer post-summer travel demand.The airline has also already reduced its international capacity by nearly 17 per cent as part of temporary schedule adjustments.The move comes shortly after Air India announced a 22 per cent reduction in domestic flight operations…
Latest Iran conflict News & Updates
Washington, May 18 (IANS) Rising fuel prices and growing economic anxiety linked to the Iran conflict are beginning to create political problems for President Donald Trump and Republicans ahead of the US midterm elections, according to media.Senior administration officials and Republican allies defended Trump’s handling of the Iran crisis, while Democrats accused the White House of triggering economic pain through a prolonged conflict in the Gulf region.US Trade Representative Jamieson Greer ack…
New Delhi, May 15 (IANS) The Indian rupee breached the 96-mark against the US dollar on Friday amid persistent global pressures, rising crude oil prices, and continued geopolitical tensions linked to the Iran conflict.Earlier in the day, the domestic currency opened at 95.86 in the interbank foreign exchange market and slipped to 95.94 during early trade, after touching an all-time low of 95.96 in the previous session.Pressure on the rupee also intensified after oil marketing companies (OMCs) in…
Washington, May 13 (IANS) Democratic senators warned that the Trump administration risked dragging the United States into another prolonged Middle East conflict, as a tense Senate hearing exposed deep divisions over the ongoing war with Iran and its rising economic and military costs.During a Senate Appropriations Subcommittee on Defence hearing on President Donald Trump’s proposed $1.5 trillion defence budget, several Democratic lawmakers compared the current crisis to past US wars in Iraq an…
New Delhi, May 12 (IANS) NITI Aayog on Tuesday dismissed reports claiming that it had recommended a two-year halt on major construction and demolition activities across the country due to the ongoing West Asia crisis and rising economic pressures.In a statement posted on social media platform X, the government think tank clarified that it had made no such recommendation regarding a construction ban.“This is to clarify that no such recommendation in any form has been made by NITI Aayog calling …
New Delhi, May 4 (IANS) Calling it a gang of “Urban Naxals”, Prime Minister Narendra Modi on Monday hit out at the Congress for its “anti-women” stand of opposing the Nari Shakti Vandan Adhiniyam, saying angry women voters have punished Congress and DMK. “I am confident that Kerala’s women voters will also teach the Congress a lesson in the next election,” the Prime Minister said, while delivering a victory speech at the BJP headquarters in Delhi.He also trained his guns on the Sam…
Washington, April 25 (IANS) Surging jet fuel prices linked to the Iran conflict are forcing US airlines to cut flights and raise fares, triggering a sharp exchange in Congress over energy policy and cuts to alternative fuel programmes.At a Senate hearing, Maria Cantwell pressed Energy Secretary Chris Wright on rising costs and the administration’s decision to scale back incentives for sustainable aviation fuel.“Front page of the Seattle Times this morning – flights canceled because of the …
Ottawa, April 18 (IANS) Air Canada has announced it will suspend service on several routes to the United States due to soaring jet fuel costs. According to a statement from Canada’s largest carrier on Friday (local time), jet fuel prices have doubled since the start of the Iran conflict, rendering some routes and flights no longer economically feasible.The suspensions affect a mix of transborder and domestic services. Service from Montreal and Toronto to New York’s John F. Kennedy International …
Washington, April 15 (IANS) Senate Democrats escalated pressure on President Donald Trump over the conflict with Iran, announcing plans to force repeated votes to end what they called an “illegal war of choice”, as Republicans defended the administration’s strategy and actions.Senate Minority Leader Charles Schumer said Democrats would “force that choice week after week after week”, accusing Republicans of creating “chaos abroad” and “chaos here” by backing the president and bl…
New Delhi, April 13 (IANS) India’s economy is in a structurally resilient expansionary phase, and markets could deliver returns above long‑term averages as valuations are favourable, a report said on Monday.The report from investment management firm OmniScience Capital said the economy is in a goldilocks phase with high real gross value added (GVA) growth of 7–8 per cent with inflation anchored within the Reserve Bank of India’s target band.The recent market correction of around 13 per c…