In this issue

June 06, 2023

Check abnormal surge in fares: Scindia to airlines

Civil Aviation Minister Jyotiraditya Scindia Monday expressed concern over the \"abnormal surge\" in airfares on certain routes following the grounding of Go First and told airlines to keep them reasonable. Scindia, however, added that airlines would have to \"self-monitor\" the issue.

2 mins

Car dealer inventories pile up

FADA initiates talks with OEMs on recalibrating production plans

3 mins

Can Restart With 152 Daily Flights, Go First Tells DGCA

Says it has 'requisite' number of employees to operate 26 planes in its fleet

3 mins

Extend equipment testing deadline: Telcos to Centre

Guidelines to come into effect on July 1 but companies seek extension

2 mins

India hugely growing aviation mkt but underserved: Wilson

India is a hugely growing aviation market but also underserved, especially on international routes, Air India CEO and Managing Director Campbell Wilson said on Monday at the IATA World Air Transport Summit.

1 min

IMD Says Formation Of Low-Pressure System May Influence Monsoon Advance To Kerala

As the country awaits the onset of the southwest monsoon over Kerala, the India Meteorological Department (IMD), in a weather update on Monday, said a cyclonic circulation, set to develop into a low pressure area over the southeast Arabian Sea and intensify in the next two days, could critically influence the advance of the monsoon towards the Kerala coast.

2 mins

Services PMI in May increases at second-fastest pace in 13 yrs

Growth in India's dominant services sector declined in May as inflationary pressures intensified in both input costs and output charges, said a private survey on Monday.

2 mins

'India, Indonesia to drive Asia's growth'

India, along with Southeast Asian countries such as Indonesia, is expected to sustain growth in the medium term in Asia region, replacing China as the key growth driver, Morgan Stanley and Nomura said in two separate reports released on Monday.

1 min

India, US okay defence tech transfer road map

India and the US on Monday concluded an ambitious road map for defence industrial cooperation to fast-track technology tie-ups and co-production of military platforms such as air combat and land systems, a move that comes in the wake of China's increasingly aggressive behaviour in the Indo-Pacific region.

1 min

FIR in Balasore accident alleges criminal negligence

CBI all set to take over probe; loco pilots depose before CRS

2 mins

Centre gets ₹4,185 cr from CIL stake sale

The government has mopped up ₹4,185 crore through a three per cent stake sale in state-run Coal India.

1 min

Former V-P Pence files for 2024 president bid in challenge to Trump

Former Vice-President Mike Pence (pictured) is filing paperwork on Monday declaring his campaign for president in 2024, setting up a challenge to his former boss, Donald Trump, just two years after their time in the White House ended with an insurrection at the US Capitol and Pence fleeing for his life.

1 min

SEC sues Binance, CEO Zhao

The world's largest crypto exchange Binance and its CEO and founder Changpeng Zhao were sued by the US Securities and Exchange Commission on Monday for failing to restrict US customers from its platform and misleading investors about its market surveillance controls, as well as for operating an unregistered securities exchange.

1 min

'India's the new China' as airlines more than double profit outlook

IATA raises forecast for profitability in 2023 to nearly $10 billion as leisure travel rebounds

1 min

Read all stories from Business Standard

Business Standard Newspaper Description:

Business Standard is India's leading business daily.
A preferred choice of serious business readers, Business Standard is acknowledged as a quality leader.

Business Standard stands for reporting that stresses accuracy and credibility, commentary that is informed, independent and fair, and journalism that is rooted in ethical conduct and defined by a sacrosanct bond with the reader. All Business Standard journalists sign on to a code of conduct that is available on the website.

Business Standard's editorial team is led by Shyamal Majumdar.

The English newspaper is published from 12 centers - New Delhi, Mumbai, Kolkata, Bengaluru, Chennai, Ahmedabad, Hyderabad, Chandigarh, Lucknow, Pune, Kochi and Bhubaneswar. It is also printed from Bhopal.

The Hindi Business Standard is published from eight centres - New Delhi, Mumbai, Kolkata, Patna, Lucknow, Bhopal, Chandigarh and Raipur.