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Airlines prep for Q3 traffic record

Mint Mumbai

|

October 04, 2023

A record number of Indians are expected to fly this December quarter thanks to the festival season, lengthy holidays and the upcoming cricket World Cup, airline executives said.

- Anu Sharma

Airlines prep for Q3 traffic record

“We are preparing ourselves for record demand during these three months. Capacity is being inducted accordingly, but the global supply constraints will have some impact on the supply side," an airline executive said on condition of anonymity, adding that this may lead to higher fares during the quarter.

In every month since January, air travel was higher than the corresponding pre-pandemic period by an average of nearly 8%, official data showed. Despite the grounding of Go First and steep fares, domestic air passenger traffic hit a record in May. During the month, Indian airlines carried over 13.2 million passengers, crossing the previous record of 13.02 million set in December 2019.

FLERE HISTORIER FRA Mint Mumbai

Mint Mumbai

Bank-funded acquisitions won't displace private credit

The Reserve Bank of India's (RBI) draft framework for bank-led acquisition finance marks a decisive policy turn: Indian banks can now enter the acquisition finance market within a clear perimeter, reshaping the competitive dynamics between banks and private credit funds.

time to read

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Air India lobbies to use airspace over China's Xinjiang

India-China flights resumed after a five-year hiatus.

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Nitish Kumar to take oath as Bihar CM

JD(U) supremo Nitish Kumar to be sworn-in as Bihar chief minister for a record 10th time.

time to read

1 min

November 20, 2025

Mint Mumbai

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A fresh perspective on abstraction in art

A new exhibition in Mumbai showcases different approaches to abstraction by artists like Zarina, Seher Shah and Mehlli Gobhai

time to read

3 mins

November 20, 2025

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Govt eyes post-cut GST revenue surge

FinMin expects Nov GST receipts growth to rebound to 10%

time to read

2 mins

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PayMate pulls plug on West Asia operations

The Visa-backed B2B payments firm is scrambling to raise more funds

time to read

2 mins

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Exide's dual bet: Can lithium-ion offset a weakening core?

Exide Industries Ltd is struggling to fuel its core lead-acid business while simultaneously turning its capex-heavy lithium-ion venture into a viable second growth engine.

time to read

1 mins

November 20, 2025

Mint Mumbai

Bank-funded acquisitions won’t displace private credit

The Reserve Bank of India's (RBI) draft framework for bank-led acquisition finance marks a decisive policy turn: Indian banks can now enter the acquisition finance market within a clear perimeter, reshaping the competitive dynamics between banks and private credit funds.

time to read

3 mins

November 20, 2025

Mint Mumbai

Afghanistan trade minister seeks India investments, goods

Afghanistan's Taliban trade minister arrived in India on Wednesday on a maiden visit to draw greater investments and goods as both countries consider ways to enhance their relations in the backdrop of souring relations with neighboring Pakistan.

time to read

1 min

November 20, 2025

Mint Mumbai

Mint Mumbai

Fractal Analytics bets heavily on R&D in AI race before IPO

Enterprise artificial intelligence firm Fractal Analytics plans to maintain high research and development (R&D) spending ahead of its market debut for which a date has not yet been set, a top executive has said.

time to read

2 mins

November 20, 2025

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