India's economic engine is revving up, but navigating the global headwinds requires sharp strategy. The rupee's recent volatility against the dollar underscores the complexities facing Indian businesses, impacting everything from import-export trade to domestic inflation. This week alone, we've seen significant shifts in the IT sector, with major players announcing restructuring and a renewed focus on AI-driven solutions. Meanwhile, the burgeoning startup ecosystem continues to attract substantial funding, despite a cautious global investor sentiment. The government's recent policy announcements on infrastructure development and digitalization are poised to further shape the business landscape, creating both opportunities and challenges for entrepreneurs and established corporations alike. Understanding these market dynamics is crucial for success in today's rapidly evolving Indian economy. Stay informed with Abtak.com for the latest insights and analysis on key sectors including finance, manufacturing, and technology – empowering your business decisions in a dynamic market. Explore the complete business news section now to stay ahead of the curve.
IndiGo in Bengaluru: Demonstrated that digital identity solutions from different providers, including programmes such as Digi Yatra and international wallet credentials, can work together in a single journey. IATA stated the PoCs "demonstrated that contactless, biometric enabled international travel is already achievable with digital identity replacing paper documentation". The association added: "The PoCs demonstrated that interoperability of systems is sufficiently advanced to support contactless journeys involving multiple carriers and using different digital identity wallets... as well as national digital identity programmes". The PoCs involved the use of the Air New Zealand Wallet, Apple Wallet, Digi Yatra, Face Express by NEC, Google Wallet, Multipaz and SITA Wallet and technology providers including Amadeus, Branchspace, Hopae, NEC, SICPA and SITA. The PoCs were designed using the IATA Contactless Travel Directory, IATA One ID standards and ISO, OpenID and W3C international standards. IATA director general Willie Walsh commented: "For travellers to benefit from this important modernisation, governments must accelerate efforts to issue and accept digital travel credentials". [more - original PR]
NEW DELHI: IndiGo airlines on Tuesday announced the appointment of former British Airways chief William Walsh as new CEO. This comes after Pieter Elbers resigned earlier this month after major operational crisis faced by the aviation operator in December last year."The Board of IndiGo announces the appointment of William Walsh as Chief Executive Officers National 31' March, 2026: The Board of InterGlobe Aviation Limited (IndiGo) today appointed Mr. William Walsh as the Chief Executive Officer, subject to Regulatory approvals. Mr. Walsh's tenure at IATA comes to a close on the 31" of July, 2026 ...Read More >
NEW DELHI, June 3 (Reuters) - Prime Minister Narendra Modi's high-profile attendance at a global airlines conference this week underscores how much India is banking on a boom in aviation to support wider development goals, but headwinds to its ambitions are gathering force. Undeterred by the uncertainty gripping the aviation sector globally due to trade tensions and shaky consumer confidence, India's biggest airlines are ploughing ahead with orders for new planes, following record deals two year ...Read More >
New Delhi [India], April 2 (ANI): The ongoing West Asia crisis is beginning to impact aviation economics, with airlines now facing rising war-risk insurance costs. The conflict is not only disrupting global energy markets but also increasing the cost of operating flights in sensitive airspaces, as insurers move to price in elevated geopolitical risks. On the question of whether war-risk insurance has gone up post the West-Asia crisis, an airline industry source told ANI that "Previously, Indian carriers did not have dedicated war risk insurance coverage. However, due to the ongoing Iran-Israe ...Read More >
New Delhi, Jun 28 (PTI) Airport security and adminstration authorities are mulling integration of facial recognition technology and CCTV for staffers apart from deploying other technology tools for faster security checks and reducing queues at these facilities. These measures along with synchronising automatic number plate recognition and FASTag for vehicles was discussed during a "functional workshop of airport sector" organised by the Central Industrial Security Force (CISF) in Delhi on June 27. Also Read | Aurangabad Shocker: Woman Kills Husband With Help of Lover in Bihar; Wife Arrested, ...Read More >
NEW DELHI - The appointment of aviation heavyweight Willie Walsh as CEO of IndiGo is likely to bolster the Indian airline's global expansion but the former British Airways (BA) chief first has to repair its dented reputation. India's largest airline commanding about 65% of domestic flights stunned the industry with Walsh's appointment on Tuesday. That followed months of negative press and regulatory pressure after it cancelled thousands of flights in December due to inadequate planning for pilot rest and duty rules. IndiGo is betting on the current head of the International Air Transport As ...Read More >
NEW DELHI, March 31 (Reuters) - India appointed a senior bureaucrat to lead its aviation regulator on Tuesday, with the incumbent moving to another government role following a tough year for the country's civil aviation sector. The government named Vir Vikram Yadav, additional secretary in the Ministry of Environment, Forest and Climate Change, as the chief of the Directorate General of Civil Aviation (DGCA), as part of a wider reshuffle of roles. The current head of the DGCA, Faiz Ahmed Kidwai, has been appointed as additional secretary in the Ministry of Personnel, Public Grievances and P ...Read More >
NEW DELHI, April 7 (Reuters) - Air India said on Tuesday that CEO Campbell Wilson had resigned after nearly four years in the role, as the carrier grapples with persistent losses and heightened regulatory scrutiny following a crash last year that killed 260 people. Wilson's resignation comes just days after its bigger domestic rival, IndiGo, tapped aviation veteran Willie Walsh as its next CEO. The country's two largest carriers are under pressure from an industry crisis stemming from the Middle East conflict, compounded by domestic operational challenges. Reuters reported in January that A ...Read More >
MUMBAI: Global air cargo markets continued their positive trajectory in August 2025, with demand rising 4.1% year-on-year, marking the sixth consecutive month of growth, according to the latest data released by the International Air Transport Association (IATA). Total demand, measured in cargo tonne-kilometres (CTK), saw international operations rise even faster at 5.1%. Meanwhile, overall capacity, measured in available cargo tonne-kilometres (ACTK), kept pace with a 3.7% increase. "Air cargo demand grew 4.1% in August, marking the sixth consecutive month of year-on-year growth. Volumes conti ...Read More >
New Delhi: Oil marketing companies on Wednesday scaled back a move to sharply raise jet fuel rates, with the Centre permitting only a partial increase in rates despite the Iran war triggering a surge in global oil prices. The rare move of government intervention is expected to potentially help avert a spike in domestic airfares just ahead of elections in some states later this month and the peak summer travel season. "In order to insulate the domestic travel costs from the substantial increase in international prices, state-owned oil marketing companies of the Ministry of Petroleum, in consul ...Read More >
New Delhi, April 7 (SocialNews.XYZ) Multiple reports on Tuesday said that Air India Chief Executive Officer (CEO) Campbell Wilson has resigned before his term ends. The airline was yet to issue an official statement on this development. Wilson is currently serving his notice period, according to reports. The Tata Group airline has not made any public statement yet. A query sent to airlines was not immediately answered. It is also unclear if the company has found a replacement. The board was scouting since last year for a new CEO to replace Wilson. The Tata Group started looking for a new C ...Read More >
New Delhi: Air India CEO Campbell Wilson has resigned, a source with direct knowledge of the matter said on Tuesday, as the airline grapples with persistent losses and heightened regulatory scrutiny following a crash last year that killed 260 people. The news of his resignation comes just days after its bigger rival IndiGo tapped aviation industry veteran Willie Walsh as its next CEO, as the country's two largest carriers come under pressure to tackle a mounting industry crisis stemming from the Middle East conflict compounded by domestic operational challenges. Reuters reported in January ...Read More >
The successful PoCs demonstrated that contactless, biometric-enabled international travel is already achievable with digital identity replacing paper documentation. The International Air Transport Association (IATA) has unveiled promising results from recent digital identity Proofs of Concept (PoCs), demonstrating that the future of international travel is on the brink of a significant transformation. Conducted with the collaboration of airlines, airports, technology providers, and governmental ...Read More >
NEW DELHI: Air India CEO Campbell Wilson has resigned, a source with direct knowledge of the matter said on Tuesday, as the airline grapples with persistent losses and heightened regulatory scrutiny following a crash last year that killed 260 people. The news of his resignation comes just days after its bigger rival IndiGo tapped aviation industry veteran Willie Walsh as its next CEO, as the country's two largest carriers come under pressure to tackle a mounting industry crisis stemming from the Middle East conflict compounded by domestic operational challenges. Reuters reported in January t ...Read More >
From Lucknow To Stars: 5 Lesser-Known Facts About Shubhanshu Shukla - 1st Indian On International Space Station The Central Industrial Security Force (CISF) took a significant initiative by recently hosting a high-level workshop that brought together all the key players in civil aviation and VIP security to enhance safety and improve the passenger experience for everyone. The "Functional Workshop of Airport Sector," held at CISF's Airport Sector Headquarters on June 27, 2025, saw top CISF offic ...Read More >
NEW DELHI: IndiGo has placed a firm order for 30 more Airbus A350 aircraft, doubling its order for this wide body aircraft from 30 to 60. The airline had announced its intention to do so at IATA AGM in Delhi this June. It has signed an agreement with Rolls-Royce to equip its A350 fleet with Trent XWB-84 engines along with a "TotalCare Agreement" for comprehensive engine health monitoring and maintenance throughout the lifecycle of the fleet. IndiGo now has purchase rights for 40 more wide-body aircraftIndiGo CEO Pieter Elbers said: "...a special day for IndiGo as we solidify our commitment to ...Read More >
Hyderabad: The Board of InterGlobe Aviation Limited (IndiGo) on Tuesday appointed William Walsh as the Chief Executive Officer, subject to Regulatory approvals, IndiGo stated on Monday. Walsh is likely to take charge on August 3. Walsh is currently the Director General of IATA (International Air Transport Association) and was formerly CEO of British Airways and International Airlines Group (IAG), a holding company which owns Aer Lingus, British Airways, Iberia, Level and Vueling. According to IndiGo's media release, Walsh's tenure at the IATA comes to a close on 31 July, and he is expected t ...Read More >
New Delhi [India], April 8 (ANI): In a move aimed at curbing the sharp rise in domestic airfares amid the West Asia crisis, the Ministry of Civil Aviation has directed the Airports Authority of India (AAI) to reduce landing and parking charges at non-major airports. According to an official communication issued by the Ministry, AAI will reduce Landing and Parking Charges -- part of the aeronautical tariff -- at all its non-major airports by 25 per cent of the approved rate. The order states that the reduction will come into immediate effect for all domestic flights and will remain applicable ...Read More >
Pune: Aadhaar enrolment for children in the 0-5 age group (Baal Aadhaar) will now be carried out only on the basis of birth certificate, Unique Identification Authority of India (UIDAI) chief executive officer Bhuvnesh Kumar said on Friday.Kumar, who was in Pune to review an enrolment camp for schoolchildren (above 5 years), said the move aimed to eliminate duplication and streamline the process. "We have seen cases of children being issued two Aadhaar numbers -- one without biometrics and another with -- often due to parental oversight. Linking enrolment directly with birth certificate will p ...Read More >
Mumbai, September 30: Navi Mumbai International Airport (NMIA) has been granted its Aerodrome Licence by the Directorate General of Civil Aviation (DGCA). The licence was awarded after NMIA met all necessary safety and regulatory requirements set forth by the aviation authority, according to an official statement released on Tuesday. The issuance of the Aerodrome Licence marks a significant milestone in NMIA's journey towards operational readiness. This key regulatory approval is a mandatory prerequisite for commencing airport operations. With the licence in place, NMIA takes a crucial step f ...Read More >
New Delhi: The Airports Economic Regulatory Authority (AERA) of India has ordered a 25 per cent cut in landing and parking charges at major airports across the country to airlines to help them tide over the financial crisis arising out of the West Asia crisis. This move came after the government asked for temporary support to airlines hit by rising costs linked to the Iran conflict. IndiGo and Air India has raised the issue of reduced charges, Reuters reported. The reduced charges will only be for domestic flights though and last for three months. Indian carriers are suffering as they are u ...Read More >
New Delhi, Apr 1 (PTI) Aviation stocks were in the limelight on Wednesday, with InterGlobe Aviation climbing 6 per cent, after only a partial increase in jet fuel prices. InterGlobe Aviation, the parent firm of IndiGo, after starting the trade on a positive note, further jumped 9.84 per cent to Rs 4,332 during the day on the BSE. The stock finally ended at Rs 4,180.90, up 6.01 per cent. The stock of SpiceJet ended at Rs 9.93, up 1.95 per cent. During the day, it surged 4.72 per cent to Rs 10.20. A rally in the equity market also aided buying in these stocks. Starting the new fiscal year on ...Read More >
Air India's chief executive officer Campbell Wilson has resigned as the airline deals with challenges, including financial losses and the aftermath of a deadly crash last year that killed 260 people. Wilson, whose term was set to end in 2027, will stay in the role until a successor is appointed, Air India said. A former Singapore Airlines executive, Wilson was brought in to lead a turnaround after Tata Group bought Air India from the Indian government in 2022 following years of losses. During ...Read More >
IndiGo is India's largest airline - Copyright AFP/File Idrees MOHAMMED IndiGo said Wednesday it was appointing Willie Walsh as its new chief executive as India's leading airline sought to recover from an embarrassing spate of cancellations that threw the country's airports into turmoil Walsh currently leads the civil aviation industry's leading trade association, the IATA. But he also has two decades of experience leading airlines, including a decade at International Airlines Group (IAG), the parent company of Aer Lingus, British Airways, Iberia and Vueling. Walsh's "experience in managing ...Read More >
New Delhi: Low-cost carrier IndiGo announced Wednesday that it will raise fuel charges on both domestic and international flights for all new bookings made from 12.01 a.m. April 2, due to the sharp increase in aviation fuel prices. The airline said the move follows a steep increase in jet fuel costs in the wake of supply chain disruptions due to the Middle East conflict. According to the International Air Transport Association (IATA) Jet Fuel Monitor, prices have risen by more than 130 per cent month-on-month. However, in support of air travellers and the aviation industry, the Ministry of P ...Read More >
New Delhi: Low-cost carrier IndiGo announced on Wednesday that it will raise fuel charges on both domestic and international flights for all new bookings made from 12.01 a.m. on April 2, due to the sharp increase in aviation fuel prices. The airline said the move follows a steep increase in jet fuel costs in the [...] New Delhi: Low-cost carrier IndiGo announced on Wednesday that it will raise fuel charges on both domestic and international flights for all new bookings made from 12.01 a.m. on April 2, due to the sharp increase in aviation fuel prices. The airline said the move follows a stee ...Read More >
New Delhi, April 7 (SocialNews.XYZ) Air India on Tuesday announced a revision in fuel surcharge across domestic and international routes amid a rise in global jet fuel prices. For domestic routes, the airline said it will shift from a flat surcharge to a distance-based structure, effective from Wednesday. The revised surcharge will range from Rs 299 for flights up to 500 kms to Rs 899 for sectors above 2,000 kms. The move follows the government's decision to cap the increase in domestic Aviation Turbine Fuel (ATF) prices at 25 per cent, which allows airlines to adopt a calibrated approach i ...Read More >
New Delhi, March 31 (SocialNews.XYZ) InterGlobe Aviation Limited, the parent company of IndiGo, on Tuesday appointed William Walsh as Chief Executive Officer, subject to regulatory approvals, after Pieter Elbers resigned as the CEO of the low-cost airline earlier this month. Walsh's tenure at IATA (International Air Transport Association) comes to a close on July 31, 2026, and he is expected to join no later than on August 3, 2026, the airline said in a statement. Walsh (popularly known as Willie) is currently the Director General of IATA and was formerly CEO of British Airways and IAG (Inte ...Read More >
MUMBAI: IndiGo has tapped Willie Walsh as its next chief executive officer, signalling a decisive push to expand its global footprint and steady operations after a turbulent start to the year. Walsh, currently director general of the International Air Transport Association, will take over the top job subject to regulatory approvals. His tenure at IATA is set to conclude on July 31, 2026, with his joining at IndiGo expected by August 3, 2026. The appointment follows the exit of Pieter Elbers, who stepped down on March 10, 2026, just months after the airline grappled with network-wide disrupti ...Read More >
NEW DELHI: Domestic air travellers may have been spared steep airfare hikes for now as oil companies didn't fully pass on the impact of higher crude prices, but international tickets for western destinations are likely to go up further after doubling since the start of the Iran war as airlines take longer routes.After a series of flip-flops through Wednesday, govt limited the hike in aviation turbine fuel (ATF) base price for domestic flights to 25%, while warning of "interventions" if fares rise unreasonably. Jet fuel base price for international sectors has more than doubled over the last mo ...Read More >
New Delhi, April 7: Air India on Tuesday announced a revision in fuel surcharge across domestic and international routes amid a rise in global jet fuel prices. For domestic routes, the airline said it will shift from a flat surcharge to a distance-based structure, effective from Wednesday. The revised surcharge will range from Rs 299 for flights up to 500 kms to Rs 899 for sectors above 2,000 kms. The move follows the government's decision to cap the increase in domestic Aviation Turbine Fuel (ATF) prices at 25 per cent, which allows airlines to adopt a calibrated approach in passing on costs ...Read More >