Indian Economy
Union govt to take decision on deal with Turkish carrier: Indigo
Speaking on Wednesday at a media conference on IndiGo's fourth quarter and full fiscal year 2024-25 financial results, Elbers said, "It is necessary to note that the operation to Istanbul is being done in light of the Air Service Agreement (ASA) between Turkey and India. IndiGo is in complete adherence to all regulation systems and regulations which exist. We have had thousands of Indian passengers booked primarily beyond Istanbul."
Domestic Air Travel in India Grows 8.5% in April
Domestic passengers transported by domestic airlines in January-April this year increased to 575.13 lakh, which is a 9.87 per cent rise over the corresponding figure of 523.46 lakh for the same period of last year.
Morgan Stanley Projects Stronger Indian Economy with Revised Growth Estimates
This is a positive upgrade from its previous forecast of 6.1% and 6.3%, respectively. The company credited this increase with robust domestic demand, which it expects to be the main driver of economic growth in spite of continuing global uncertainties.
FPIs Infuse ₹8,831 Crore into Indian Stocks — Biggest Single-Day Investment Since March
This has been according to provisional figures issued by the National Stock Exchange (NSE) on Saturday.
Air India Refutes Claims of Lobbying Against IndiGo's Turkish Lease
"Air India refutes the gross misrepresentation and malicious reporting of a competitor's business model in some sections of the media. We, as a respectable corporate entity, refrain from commenting on competition," the airline said.
Celebi Shares Plunge 10% Following India's Revocation of Security Clearance
The stock fell by 222 points to 2,002, adding to its losses to the tune of almost 30% in the last four sessions. The company had been under increasing pressure as calls grew for action against its Indian operations.
UK Court Denies Bail to Fugitive Diamond Tycoon Nirav Modi
His bail petition was firmly opposed by the Crown Prosecution Service, supported by a well-prepared Central Bureau of Investigation (CBI) team. The CBI had deployed officers in London specifically to present their case at the hearing.
India Withdraws Security Clearance for Turkey’s Celebi Airport Services
The Ministry of Civil Aviation also issued a proper notification announcing the decision: "In exercise of power vested with DG, BCAS, security clearance in Celebi Airport Services India Pvt Ltd is hereby withdrawn with immediate effect in the interest of National Security."
India Emerges as Apple's Strongest Contender to Replace China in Supply Chain
Sources close to the situation indicated that the America-based technology giant remains committed to its investment strategy and views India as a crucial component of its production drive.
NSE Emerges as India’s Largest Unlisted Company with 1 Lakh+ Shareholders
This achievement puts NSE in a rare group of Indian companies—listed or unlisted—that have been able to create such a large base of investors, reflecting the high and consistent interest from shareholders.
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