India’s domestic air traffic falls 4.2% in April amid weak demand and rising costs

Domestic aviation in the country slowed down in April, with passenger traffic slipping 4.2% to just over 1.38 crore compared to March, according to the latest data released by the Directorate General of Civil Aviation (DGCA). The decline comes amid multiple headwinds, including relatively softer travel demand.The DGCA figures showed that airlines transported more than…

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FPI profile: Foreign investors continue selling spree in May, pull out Rs 32,000 crore

Foreign Portfolio Investors (FPIs) continued to exit Indian equities in May, pulling out Rs 32,963 crore amid concerns over earnings growth, weakening rupee and better opportunities in overseas markets.Data from the NSDL showed that cumulative FPI outflows from Indian equities have now reached Rs 2.25 lakh crore in 2026. The figure has already surpassed the…

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Cotton duty relief: Textile industry welcomes import tax waiver, sees boost for exports and MSMEs

The Centre’s decision to exempt all customs duties on cotton imports for five months till October 30 is expected to improve cotton availability, reduce input costs and strengthen the competitiveness of India’s textile sector, the Textile Ministry said on Saturday, PTI reported.Industry bodies welcomed the move, describing it as timely relief for the textile and…

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DigiYatra to expand to 27 more airports by next year, 10 crore journeys completed

DigiYatra, the facial recognition-based airport travel platform, will be rolled out at 27 more airports by next year, the civil aviation ministry said on Saturday, as it highlighted the initiative’s growing adoption across the country, PTI reported.DigiYatra, which enables contactless and seamless passenger movement at airports using Facial Recognition Technology (FRT), is currently available at…

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India-EAEU trade talks gain momentum; interim deal for select goods under discussion

India and the Eurasian Economic Union (EAEU) are discussing a limited and temporary trade arrangement covering selected groups of goods as part of negotiations for a proposed free trade agreement (FTA), Russia’s Economic Development Minister Maxim Reshetnikov has said, according to a media report cited by PTI.Describing the negotiations as “complex”, Reshetnikov said the Indian…

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