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

Business Standard

|

June 06, 2023

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

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

As aviation executives descended on Istanbul this week for the industry's annual general meeting, the mood among the crowd was openly buoyant, with participants brushing aside concerns that high inflation or anaemic economic growth risk crimping demand.

Business Standard से और कहानियाँ

Business Standard

Southern states hold the steering wheel in India’s ePV transition

Charging ahead

time to read

2 mins

January 20, 2026

Business Standard

NCLAT upholds resolution plan of Adani Power for Vidarbha Industries

The National Company Law Appellate Tribunal on Friday dismissed appeals filed by Western Coalfields Ltd and an employee representative challenging the approval of Adani Power Ltd’s resolution plan for Vidarbha Industries Power Ltd, holding that the plan was approved within the statutory timeline and complies with the Insolvency and Bankruptcy Code (IBC).

time to read

1 min

January 20, 2026

Business Standard

Next round of telecom tariff hikes likely in July

Telecom service providers are expected to effect a tariff hike around July this year, and not in March as expected earlier, analysts said while citing Reliance Jio’s upcoming IPO and Vodafone Idea (Vi) expected fund-raise as the reasons for the delay.

time to read

1 mins

January 20, 2026

Business Standard

Oberoi Realty revenue increases 5.7% to ₹1.4K cr

Mumbai-based premium real-estate developer Oberoi Realty’s net profit for the third quarter of the financial year 2026 (Q3FY26) grew marginally by about 0.68 per cent year-on-year (Yo-Y) to ₹622.64 crore.

time to read

1 min

January 20, 2026

Business Standard

Delhi airport to shut third runway from Feb 16

Delhi airport is planning to shut its third runway, Runway 11R/29L, for nearly five months starting February 16 to carry out a comprehensive upgrade.

time to read

1 min

January 20, 2026

Business Standard

LTIMindtree net dips 10.5% due to Labour Code reform

LTIMindtree reported a 10.5 per cent decline in net profit to ₹971 crore, while revenue went up 11.6 per cent to 10,781 crore in the third quarter of the financial year 2026 (Q3FY26) as the mid-tier IT services firm, helped by deals, won in its banking financial services and insurance (BFSI) and manufacturing businesses.

time to read

1 min

January 20, 2026

Business Standard

Startups, investors for regulatory changes to unlock domestic capital

India’s venture-capital industry and startup ecosystem want regulatory relief from the government in the Budget, arguing that policy changes could unlock billions of dollars in domestic capital for startups and position the country as a leader in emerging technologies.

time to read

2 mins

January 20, 2026

Business Standard

Business Standard

IMF sees India growing 6.4% in FY27 despite trade risks

For FY26, the Fund, in its World Economic Outlook, revised its GDP growth forecast upwards to 7.3%

time to read

2 mins

January 20, 2026

Business Standard

ITC bets on value, not size, in acquisitions

After two testing years for the fast-moving consumer goods (FMCG) industry, ITC beli- eves it can outpace the market. In a video interview, Hemant Malik, executive director of ITC and in charge of its foods and personal care products businesses, tells Ishita Ayan Dutt that growth will come from multiple vectors — ranging from selective acquisitions to premiumisation — supported by early signs of recovery following recent tax cuts. Edited excerpts:

time to read

3 mins

January 20, 2026

Business Standard

India ranks sixth in Asia manufacturing index

India needs to up the ante after ranking sixth among 11 Asian countries in the newly released Asia Manufacturing Index (AMI) 2026, which measures the relative competitiveness of major manufacturing economies across eight key pillars and 43 sub-parameters.

time to read

2 mins

January 20, 2026

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