BUSINESS
IndiGo Q4 Results: Net profit rises 62% to Rs 3,068 crore on healthy demand for air travel
IndiGo declares dividend of Rs 10 per share
BUSINESS
IndiGo starts bookings of flights to Manchester and Amsterdam from Mumbai
IndiGo, with its new flights to Amsterdam, will enter a competitive space, as KLM and Air India currently operate multiple daily flights between Amsterdam and Delhi
BUSINESS
Aviation data: Domestic passenger traffic in April rises 8.5% YoY, slightly lower than March
IndiGo was the most punctual airline operating in India for the fifth straight month in a row after overtaking Akasa Air in March, data from the aviation regulator Directorate General of Civil Aviation showed.
BUSINESS
‘Not a rogue company, public perception can’t justify job losses’: Çelebi defends itself in Delhi High Court
Solicitor General Tushar Mehta appearing for the Central government in his response told the Delhi High Court that Bureau of Civil Aviation Safety (BCAS)'s decision on May 15 was taken in the interest of national security in light of certain inputs that continuing the services of the petitioner companies would be hazardous in the present situation.
BUSINESS
Set your own targets, govt tells ministries after railway’s asset monetisation fails
After the railways missed the target by a huge Rs 1.23 lakh crore for 2022-2025 and many other ministries raising issues on how these targets were set, the government is now taking a new approach for 2025-30 to improve accuracy and accountability.
BUSINESS
India revokes security clearance for Turkish airport services firm Celebi over 'national security concerns'
Celebi currently covers 65 percent of Indian aviation traffic through its presence in nine airports including Delhi, Mumbai, Chennai, Bengaluru, Hyderabad, Cochin, Ahmedabad, Mopa and Kannur. It provides ground handling as Çelebi Airport Services India and cargo services as Çelebi Delhi Cargo Terminal Management India at Delhi.
BUSINESS
Around 2,000 Indian tourists pull back from Turkey, Azerbaijan; bookings slide south
The cancellation requests were for trips planned to Turkey and Azerbaijan between May and July, initial estimates from industry participants and experts suggest
BUSINESS
Govt starts negotiations with auto OEMs over new ethanol blending target for India
Industry experts told Moneycontrol that automakers would have to make some changes in the engine for the vehicle to be compliant with a fuel having an ethanol blend of over 20 percent, increasing the overall cost by 2.5 percent to 4 percent.
BUSINESS
HAL targets Rs 3,000 crore capex in FY26, plans to monetise non-core land in Delhi
As part of its funding strategy, HAL may monetise a portion of its five-acre land parcel in Delhi. According to a government official, the land could be valued at around Rs 300–400 crore.
BUSINESS
International shipping, air traffic likely to normalise in a week, after India-Pakistan ceasefire
Indian airlines will have to rearrange their flight schedules for both passenger and cargo operations following the ceasefire, and will also need to address the backlog of passenger cancellations, which is likely to limit the speedy and efficient recovery of air traffic.
BUSINESS
Centre reopens all 32 airports that were shut after hostilities with Pakistan escalated
The AAI has also recommended travellers to check flight status directly with airlines and monitor airline’s websites for regular updates.
BUSINESS
Delhi airport cancels 60 domestic flights due to Pak escalation after Operation Sindoor: Sources
For now, flight restrictions across north and west India will remain in place till May 15. According to estimates, around 650 domestic flights were cancelled as a precautionary measure on May 10.
BUSINESS
Govt temporarily shuts over 30 airports amid India-Pakistan tensions; here's the updated list
The Centre also ordered that security across all Indian airports and flights be raised to the highest level with immediate effect.
INDIA
Centre extends closure of 24 airports across north India till May 15 as border tensions escalate
The list of airports closed include the ones in Srinagar, Jammu, Leh, Chandigarh, Amritsar, Jaisalmer, Jodhpur, Bikaner, Mundra, Jamnagar, Rajkot, Porbandar, Gwalior and others
BUSINESS
138 domestic, nine international flights cancelled at Delhi airport due to Pak escalation after 'Operation Sindoor'
The 129 flights cancelled included 66 domestic flights meant to depart from and 63 domestic flights that were scheduled to arrive at the IGI Airport. Of the nine international flights disrupted, five were departures and four were arrivals at the Delhi airport.
INDIA
India’s defence drone industry surges to forefront amid Operation Sindoor response
According to the Drone Federation of India (DFI), these companies are delivering a range of drone capabilities.
BUSINESS
Indian government increases flight monitoring operations, orders airlines, airports to enhance security measures
The enhanced security steps ordered by BCAS include increased surveillance; strict on-ground monitoring of for operations of microlite aircraft, aero models, para glider, unmanned aerial systems (UAS), drones; deployment of additional security guards at aircraft; thorough scrutiny of PNR, passenger and cargo manifest.
BUSINESS
L&T sees prospective order pipeline of Rs 19 trillion in FY2025-26, says CFO, eyes 10 percent order inflow growth in FY26
L&T aspires to grow on the large base of order inflows by around 10 percent in FY26. L&T's management also guided for a revenue growth of 15 percent on year in FY26 while maintaining core operating margins at 8.3 percent in the current financial year.
BUSINESS
AERA approves MIAL proposal of class-based UDF for Mumbai airport passengers
Each disembarking international business and economy class passenger will have to pay Rs 304 and Rs 260, respectively.
BUSINESS
L&T Q4 results: Net profit rises 25% to Rs 5,497 crore, beats estimates
L&T Q4 results: Firm declares final dividend of Rs 34 per share
BUSINESS
90 flights, including 11 international, cancelled at Delhi airport amid Operation Sindoor
The 90 cancelled flights included 46 domestic departures and 33 domestic arrivals at IGI Airport. Similarly, of the 11 disrupted international flights, five were departures and six were arrivals.
BUSINESS
Shipping lines likely to remap Karachi port direct calls, take transhipment route for Pakistani cargo following India ban
Among other things, shipping lines are exploring combining shipments with cargo meant for ports in West Asia, which is likely to delay delivery of shipments meant for Pakistani traders by a day.
TRAVEL
Operation Sindoor: Travellers make frantic calls, travel firms cautious due to flight disruptions
As many as 16 airports have shut down across north and west India and around 100 flights are bound to be affected till mid-day.
BUSINESS
Foreign airlines voluntarily avoid Pakistan airspace due to concerns over safety due to escalating tensions with India
While Pakistan's airspace remains closed to Indian carriers following the incident, several international airlines are voluntarily rerouting flights to avoid Pakistani territory. Flights like Lufthansa’s Delhi-Frankfurt, British Airways’ Delhi-London, and Air France’s Delhi-Paris are now taking longer routes via Mumbai and Ahmedabad, bypassing Pakistan entirely.
