‘Travel curbs to undermine air traffic recovery in near term’
The Hindu
Domestic passenger numbers grew almost 6% month-on-month in December
Domestic air passenger traffic grew by almost 6% month-on-month in December but the emergence of the new virus variant and travel curbs by State governments pose a near-term threat to the recovery, noted ICRA.
IndiGo on Sunday said it would cancel 20% of its flights due to a drop in travel demand and a rise in booking cancellations. Government data also shows that domestic traffic shrank by 16% in the first week of January as compared with the same time last month. The downward trend comes after consistent growth in the last few months.
In December, airlines flew a total of 111 lakh passengers, up from 105 lakh passengers in November, said ICRA
Paradip Port is set to receive 7 million barrels of crude oil amid ongoing West Asia crisis, ensuring supply stability.
Government mandates RBI to maintain retail inflation at 4% with a 2% margin until March 2031, ensuring economic stability.
Stock markets rally for a second day as crude prices fall amid hopes for de-escalation in the West Asia conflict.
FM Nirmala Sitharaman defends Centre's cess collections, emphasizing constitutional rights and states' benefits exceeding collected amounts.
Rupee hits record low of 94.05 against the dollar, despite strong gains in Sensex and Nifty amid market volatility.
Oil companies reassure the public of no fuel shortage, urging against panic buying and reliance on verified information.
GameStop reported a 14% drop in fourth-quarter revenue on Tuesday, a sign that its struggling brick-and-mortar business continues to face immense pressure
Epic Games said Tuesday it is laying off 1,000 employees to save money as it grapples with industry-wide and company-specific challenges.
Indian stock markets rise 2% as investor optimism returns amid easing crude prices and improved geopolitical clarity.
Gold and silver prices rebounded on March 25, but remain under pressure amid high volatility and global uncertainties.
Gaining the approval of local communities has become paramount to building data centres in the U.S., Microsoft President Brad Smith said
OpenAI on Tuesday announced key leadership appointments for its nonprofit arm and committed to investing at least $1 billion through the division
EU antitrust chief Teresa Ribera, who has voiced concerns about Big Tech extending its dominance into artificial intelligence, will meet the CEOs of Alphabet, Meta Platforms and OpenAI