India’s largest airlines have ordered nearly 1,000 jets this year, committing tens of billions of dollars to a spending spree that is unparalleled in aviation.
The BSE market capitalisation crossed Rs 300 lakh crore mark to close at Rs 301.70 lakh crore during the day.
“What we are gathering is that the volumes from major ports are not impacted. We have asked the shipping ministry to monitor the volumes too,” said a senior government official said after an inter-ministerial meeting on Wednesday.
Imports too fell by 15 per cent to $53.84 billion as against $63.37 billion recorded in September 2022.
RBI MPC member Jayanth R Varma said that India should be willing to accept inflation between 4 per cent and 5 per cent for several quarters as the price of avoiding a growth shock.
The sharp divergence in the youth unemployment rates across the country was visible with only a dozen states/UTs including Gujarat, West Bengal, Chhattisgarh, Chandigarh, Jharkhand and Karnataka having recorded a single-digit growth in the youth unemployment rate during 2022-23.
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InterGlobe Aviation, the parent of the country’s largest airline IndiGo, on Friday reported a profit after tax of Rs 188.9 crore for the September quarter, helped by increased air traffic and capacity.
Doraiswamy is currently the executive director at the central office in Mumbai.
Forex traders said the rupee is expected to witness range-bound trade, as investors resorted to dollar buying on account of demand from FPIs, oil and External Commercial borrowing (ECB) redemptions.