India has allowed local airlines to fly limited schedules since May after two months of a strict nationwide lockdown, gradually opening up the domestic market.(PTI)
India has allowed local airlines to fly limited schedules since May after two months of a strict nationwide lockdown, gradually opening up the domestic market.(PTI)

India’s domestic aviation operations nearing pre-pandemic levels

As many as 257,613 passengers flew locally as on Jan. 22, compared with 30,000 passengers that traveled by air when such flights were restarted on May 25, Puri said in a Twitter post on Saturday.
Bloomberg
UPDATED ON JAN 23, 2021 10:54 PM IST

India’s domestic civil aviation operations continue steadily and the sector is nearing pre-pandemic levels, according to Civil Aviation Minister Hardeep Singh Puri.

As many as 257,613 passengers flew locally as on Jan. 22, compared with 30,000 passengers that traveled by air when such flights were restarted on May 25, Puri said in a Twitter post on Saturday. “We are now within touching distance of pre-Covid figures.”

India has allowed local airlines to fly limited schedules since May after two months of a strict nationwide lockdown, gradually opening up the domestic market.


SHARE THIS ARTICLE ON
Close
ASI data is the most important source of industrial statistics of the registered organised manufacturing sector of the economy.(Reuters)
ASI data is the most important source of industrial statistics of the registered organised manufacturing sector of the economy.(Reuters)

Total factories in India grew by 2% in 2018-19

By Abhishek Jha, Hindustan Times, New Delhi
PUBLISHED ON MAR 06, 2021 01:51 AM IST
  • The top three states by GVA were Maharashtra, Gujarat, and Tamil Nadu. They had a share of 41% in the total GVA. Rural India added nearly as much GVA (49%) as urban India (51%).
Close
It is often believed that taxes on fuel affect the rich more than the poor, as the latter do not own vehicles.(Amal KS/ Hindustan Times)
It is often believed that taxes on fuel affect the rich more than the poor, as the latter do not own vehicles.(Amal KS/ Hindustan Times)

How do India’s fuel taxes impact the less affluent?

By Vineet Sachdev, Hindustan Times, New Delhi
UPDATED ON MAR 06, 2021 01:36 AM IST
  • Using average consumption shares to calculate the burden of an indirect tax has a problem.
Close
Meanwhile US crude oil inventories dropped by 1.7 million barrels in the week to Jan. 1 to 491.3 million barrels, data from industry group the American Petroleum Institute showed late on Tuesday.(Reuters file photo)
Meanwhile US crude oil inventories dropped by 1.7 million barrels in the week to Jan. 1 to 491.3 million barrels, data from industry group the American Petroleum Institute showed late on Tuesday.(Reuters file photo)

India says OPEC+ decision to extend oil output cuts will hit economic recovery

Reuters, New Delhi
PUBLISHED ON MAR 05, 2021 10:47 PM IST
Oil prices jumped more than 2% on Friday, hitting their highest in nearly 14 months in reaction to the decision.
Close
As much as 75 per cent of Nasdaq companies do not have at least one woman and one under-represented minority or LGBT member on the board, the report says.(Pixabay | Representational image)
As much as 75 per cent of Nasdaq companies do not have at least one woman and one under-represented minority or LGBT member on the board, the report says.(Pixabay | Representational image)

Gender inequality has cost world USD 70 trillion since 1990, finds report

PTI, Mumbai
PUBLISHED ON MAR 05, 2021 09:47 PM IST
The report also notes that full gender equality globally can increase the world GDP by up to USD 28 trillion by 2025.
Close
A woman looks at a gold necklace in a shop in Noida in this file photo.(Virendra Singh Gosain/ HT Photo)
A woman looks at a gold necklace in a shop in Noida in this file photo.(Virendra Singh Gosain/ HT Photo)

Gold price falls further to 44,344, sets retail buyers on buying spree

By hindustantimes.com | Edited by Ayshee Bhaduri, Hindustan Times, New Delhi
UPDATED ON MAR 05, 2021 09:07 PM IST
  • Retail buyers continued to purchase gold in India as prices declined to a near one-year low.
Close
In case of the mutual funds having no economic interest on the day of voting, Sebi said it may be exempted from compulsorily casting of votes.(PTI File Photo)
In case of the mutual funds having no economic interest on the day of voting, Sebi said it may be exempted from compulsorily casting of votes.(PTI File Photo)

Sebi lays guidelines on votes cast by mutual funds

Posted by Harshit Sabarwal | PTI
PUBLISHED ON MAR 05, 2021 06:52 PM IST
Mutual funds, including their passive investment schemes like index funds, exchange-traded funds (ETFs), will be required to cast votes compulsorily in respect of related party transactions of the investee companies and corporate governance matters, Sebi said in a circular.
Close
The overall reserves had increased by USD 169 million to USD 583.865 billion in the previous reporting week.(HT File Photo)
The overall reserves had increased by USD 169 million to USD 583.865 billion in the previous reporting week.(HT File Photo)

India's forex reserves increase by USD 689 million to USD 584.55 billion: RBI

PTI, Mumbai
PUBLISHED ON MAR 05, 2021 06:14 PM IST
The reserves, which have been steadily increasing over the last few months, had touched an all-time high at USD 590.185 billion for the week ended January 29.
Close
FILE - In this Wednesday, April 8, 2020, file photo, the sun sets behind an idle pump jack near Karnes City, USA. Members of oil producer cartel OPEC and allied countries are meeting online Thursday March 4, 2021, considering a possible increase in production now that prices have recovered to near their pre-pandemic levels. (AP Photo/Eric Gay, File)(AP)
FILE - In this Wednesday, April 8, 2020, file photo, the sun sets behind an idle pump jack near Karnes City, USA. Members of oil producer cartel OPEC and allied countries are meeting online Thursday March 4, 2021, considering a possible increase in production now that prices have recovered to near their pre-pandemic levels. (AP Photo/Eric Gay, File)(AP)

OPEC ignores India's call; Saudi asks New Delhi to use cheap oil bought last yr

PTI, New Delhi
PUBLISHED ON MAR 05, 2021 05:51 PM IST
India had purchased 16.71 million barrels of crude in April-May, 2020 and filled all the three Strategic Petroleum Reserves created at Visakhapatnam in Andhra Pradesh and Mangalore and Padur in Karnataka.
Close
A Constitutional Court ruling in November had found in favour of the companies in their complaint that the government's previous offer had not gone far enough.(AFP)
A Constitutional Court ruling in November had found in favour of the companies in their complaint that the government's previous offer had not gone far enough.(AFP)

Germany to pay nuclear operators 2.4 billion euros for plant closures

Posted by Harshit Sabarwal | Reuters
PUBLISHED ON MAR 05, 2021 04:41 PM IST
The Frankfurter Allgemeine Zeitung daily had reported on Thursday that a sum of 2.4 billion euros will be made available from the general budget, citing government sources.
Close
SoftBank Group shares have surged 138% from a low in March, taking the Tokyo-based company’s market value to $125 billion.(Reuters file photo)
SoftBank Group shares have surged 138% from a low in March, taking the Tokyo-based company’s market value to $125 billion.(Reuters file photo)

SoftBank strategy chief Katsunori Sago plans exit after just three Years

Posted by Harshit Sabarwal | Bloomberg
PUBLISHED ON MAR 05, 2021 04:23 PM IST
The 53-year-old is a key member of founder Masayoshi Son’s inner circle and something of a celebrity in Japan’s world of finance. Prior to joining SoftBank, Sago spent more than two decades at Goldman Sachs Group Inc., rising to become vice chairman of its operations in the country.
Close
Maharashtra deputy chief minister Ajit Pawar tabled the economic survey in the state assembly on Friday. (HT archive)
Maharashtra deputy chief minister Ajit Pawar tabled the economic survey in the state assembly on Friday. (HT archive)

Maharashtra economy to register negative 8% growth in 2020-21: Economic survey

PUBLISHED ON MAR 05, 2021 04:19 PM IST
Industry and services sector were the worst hit by Covid-19 pandemic at a negative growth of 11.3% and 9% respectively, according to the state’s economic survey tabled in the state legislature by finance minister Ajit Pawar on Friday
Close
Reports about the bank releasing its IPO to raise <span class='webrupee'>₹</span>500-600 crore were in news since 2019 as the offer was expected to come by December 2020.(AP/ Representational)
Reports about the bank releasing its IPO to raise 500-600 crore were in news since 2019 as the offer was expected to come by December 2020.(AP/ Representational)

Utkarsh Small Finance Bank files for IPO, plans to raise 13,500 million

By hindustantimes.com | Written by Deepali Sharma, Hindustan Times, New Delhi
UPDATED ON MAR 05, 2021 09:14 PM IST
The Utkarsh CoreInvest Limited is the promoter and ICICI Securities, IIFL Securities, Kotak Investment Banking are the book-running managers of the offer.
Close
FILE PHOTO: Silhouettes of laptop and mobile device users are seen next to a screen projection of Microsoft logo in this picture illustration taken March 28, 2018. REUTERS/Dado Ruvic/Illustration/File Photo(REUTERS)
FILE PHOTO: Silhouettes of laptop and mobile device users are seen next to a screen projection of Microsoft logo in this picture illustration taken March 28, 2018. REUTERS/Dado Ruvic/Illustration/File Photo(REUTERS)

Microsoft’s $10 billion Pentagon deal at risk amid Amazon fight

Posted by Harshit Sabarwal | Bloomberg
PUBLISHED ON MAR 05, 2021 03:59 PM IST
The US Defense Department said it will reconsider the controversial procurement if a federal judge declines to dismiss Amazon.com Inc.’s allegations that former President Donald Trump’s meddling cost the company the winner-take-all contract.
Close
Sensex falls 440 pts to end at 50,405; Nifty ends session in red at 14,938 points
Sensex falls 440 pts to end at 50,405; Nifty ends session in red at 14,938 points

Sensex falls 440 pts to end at 50,405; Nifty ends session in red at 14,938 pts

PTI, Mumbai
UPDATED ON MAR 05, 2021 04:13 PM IST
  • Sensex falls 440 pts to end at 50,405; Nifty ends session in red at 14,938 points
Close
Netflix is closely tracking Amazon's "Tandav" cases, one entertainment industry source said. REUTERS/Danish Siddiqui/Illustration(REUTERS)
Netflix is closely tracking Amazon's "Tandav" cases, one entertainment industry source said. REUTERS/Danish Siddiqui/Illustration(REUTERS)

Amazon's 'Tandav' row puts Bollywood, global streaming giants on edge

Reuters, Mumbai
PUBLISHED ON MAR 05, 2021 02:51 PM IST
  • Companies like Amazon's Prime Video and Netflix are inspecting planned shows and scripts, with some even deleting scenes that could be controversial, five Bollywood directors and producers, and two industry sources said.
Close
SHARE
Story Saved
OPEN APP