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June 04, 2025

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Financial Express Chennai

Open skies work when both sides can fly equally, but with the Gulf, the playing field is inherently tilted

The just-concluded annual general meeting of the International Air Transport Association (IATA), Emirates President Tim Clark renewed calls for India to expand bilateral air service agreements with the UAE, decrying the current 65,000 weekly seat cap as outdated and restrictive. Clark's argument glosses over a key fact. India already offers liberal open skies agreements to countries like the US and UK where bilateral air travel benefits are more balanced and reciprocal.

In contrast, Gulf carriers rely disproportionately on Indian traffic to feed their global networks, creating structural asymmetry. India's measured stance on the UAE is not protectionist; it is strategic and long overdue. India's separate bilateral agreements with Dubai, Abu Dhabi, Sharjah, and Ras Al Khaimah have long been skewed in favor of Gulf airlines. In 2017, UAE carriers used up nearly 90% of their seat entitlements to India.

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Financial Express Chennai

MCA relaxes KYC norms for directors

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India and Pak exchange lists of civilian prisoners, nuclear installations

CONTINUING AN ANNUAL practice that began in 1992, India and Pakistan on Thursday exchanged lists of their nuclear installations that cannot be attacked in the event of hostilities.

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Car sales surge 26% in December

PASSENGER VEHICLE (PV) WHOLESALE despatches from manufacturers to dealers recorded strong double-digit growth in December, signalling sustained demand momentum in the domestic auto market, triggered by GST cuts announced in September.

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Grand Vitara, Victoris drive up Maruti’s share in SUV market

MARUTI SUZUKI'S SUV market share climbed to 30.7%, from 25.7% in the first half of 2025, signalling growing acceptance of its utility vehicle portfolio.

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1 min

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Financial Express Chennai

Neuralink to ramp up brain chip output in 2026, says Musk

ELON MUSK'S BRAIN implant company Neuralink will start \"high-volume production\" of brain-computer interface devices and move to an entirely automated surgical procedure in 2026, Musk said in ?a ?post on the social media platform X on Wednesday.

time to read

1 min

January 02, 2026

Financial Express Chennai

Public finance entities shift to bank credit as yields rise

PUBLIC FINANCIAL INSTITUTIONS (PFIs) are growing their exposure to bank credit - PFI borrowing from banks jumped close to 29% in November, compared to 6% a year ago.

time to read

1 mins

January 02, 2026

Financial Express Chennai

RBI relaxes risk norms for NBFC infra loans

THE RESERVE BANK of India (RBI) has relaxed risk-weight norms for infrastructure financing by non-bank financial companies, compared with its draft framework, as it released the final guidelines on Thursday.

time to read

1 min

January 02, 2026

Financial Express Chennai

'We aspire to grow SME segment faster than wholesale banking'

The Reserve Bank of India's regulatory approach has consistently centred on ease of doing business and enhancing customer experience, says Paritosh Kashyap, whole time director and executive director at Kotak Mahindra Bank.

time to read

3 mins

January 02, 2026

Financial Express Chennai

Goods exports by railways projected at ₹50K cr by'30

THE MINISTRY OF Railways is targeting a more than sevenfold increase in railway equipment exports to ₹50,000 crore by 2030, Railway Minister Ashwini Vaishnaw said on Thursday.

time to read

2 mins

January 02, 2026

Financial Express Chennai

TVS Motor tops 2025 Dec e2W sales

TVS MOTOR CLOSED 2025 as the leader in the electric twowheeler (e2W) market with a 26% market share in December.

time to read

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