New Delhi, June 3 (IANS) Geopolitical tensions and disruptions arising from the ongoing West Asia crisis continue to weigh on the recovery of India’s aviation sector, impacting traffic, capacity deployment and overall industry profitability, a report showed on Wednesday.International passenger traffic of Indian carriers remained under pressure in April 2026 at around 1.8 million passengers, down 39 per cent year-on-year and 1 per cent month-on-month. Revenue Passenger Kilometres (RPKs) declined …
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New Delhi, May 29 (IANS) Domestic air passenger traffic in India fell 2 per cent year-on-year (YoY) in April 2026 to 140.8 lakh passengers, amid geopolitical disruptions, a report said on Friday.The domestic air traffic stood at 143.1 lakh passengers in the same month last year, according to ICRA’s latest monthly report on the aviation sector.On a sequential basis, traffic was also lower by 2 per cent from 143.7 lakh passengers recorded in March 2026, the report said.The report noted that airl…
Jaipur, May 23 (IANS) Saturday morning brought fresh concerns for consumers in Rajasthan as oil companies once again increased petrol and diesel prices for the third time in the last few days amid continued volatility in international crude oil markets. According to officials, petrol prices in Jaipur have climbed to Rs 109.87 per litre, while diesel prices have reached Rs 95.09 per litre following the latest hike.Over the past nine days, petrol prices have risen by Rs 5.12 per litre and diesel b…
Mumbai, May 23 (IANS) Foreign institutional investors (FIIs) remained net sellers this week, offloading Rs 7,570 crore based on provisional exchange data as domestic institutional investors (DIIs) were net buyers, purchasing Rs 16,950 crore, providing enough cushion.In the month of May, FIIs have sold a cumulative Rs 32,230 crore, while DIIs have bought Rs 56,870 crore, based on provisional exchange data.FIIs were net buyer on Monday’s session with inflow of Rs 2,810 crore.“However, they tur…
Washington, May 23 (IANS) A top Republican Senator has reintroduced legislation that would ban American money services businesses from engaging in transactions involving China’s central bank digital currency.The proposed “Chinese CBDC Prohibition Act of 2026” would prohibit money services businesses, including payment platforms such as Venmo and Zelle, currency dealers and even the US Postal Service, from using any central bank digital currency issued by the People’s Republic of China or…
New Delhi, May 22 (IANS) The Indian rupee extended its recovery for a second consecutive trading session on Friday, appreciating 63 paise to close provisionally at 95.73 against the US dollar.The domestic currency drew support from easing crude oil prices, positive sentiment in local equity markets and expectations of intervention by the Reserve Bank of India (RBI) to curb excessive volatility.The rupee opened at 96.30 per dollar in the interbank foreign exchange market and witnessed sharp gains…
Mumbai, May 22 (IANS) The domestic benchmark indices ended higher on Friday, supported by a sharp appreciation in the Indian rupee against the US dollar and gains in banking and financial services stocks.The Nifty rose 64.60 points, or 0.27 per cent, to close at 23,719.30, while the Sensex gained 231.99 points, or 0.31 per cent, to settle at 75,415.35.Commenting on Nifty technical outlook, experts said that on the downside, immediate support is placed at 23,600, below which the index may drift t…
Mumbai, May 21 (IANS) The Reserve Bank of India (RBI) is likely to transfer a record surplus dividend to the government for FY26, with the payout estimated between Rs 2.7 lakh crore and Rs 3.5 lakh crore, a report has said.NDTV Profit reported that the RBI board is scheduled to meet on Friday to consider the surplus transfer.If approved at the upper end of estimates, this would mark the highest-ever dividend payout by the central bank to the government.Last year, the RBI had transferred a record…
Mumbai, May 19 (IANS) Indian benchmark equity indices erased their intra-day gains and closed lower on Tuesday as weakness in banking, financial and metal stocks weighed on investor sentiment.The Sensex declined 114.19 points, or 0.15 per cent, to close at 75,200.85. The Nifty settled 31.95 points, or 0.14 per cent, lower at 23,618.Commenting on Nifty technical outlook, experts said that a sustained move above the 23,700–23,800 region will be essential to strengthen recovery momentum toward th…
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…