Domestic passenger traffic rose 28% in March
The Hindu
IndiGo also regained market share
Indian airlines witnessed a 28% rise in the number of domestic passengers ferried in March compared with the previous month, according to the DGCA's monthly report released on Wednesday.
The total number of air travellers who flew on domestic routes in March were at 1.06 lakh, while February saw 76 lakh flyers.
This is the highest growth seen in the recent past, particularly after the Omicron wave of the COVID-19 pandemic sliced off half the passenger count in January compared with December 2021.
IndiGo was able to regain some of its market share it lost in February. Its share rose to 54.8% in March after plummeting to 51.3% - the lowest since January 2021. The combined market share of the three airlines owned by Tata Sons AirAsia India, Vistara and Air India was at 24.2%, whereas GoFirst was at third spot with 9.8% market share, slightly ahead of SpiceJet at 9.5%.
xAI’s Grok may soon come to an iOS app as the company announced its Series C funding round of $6 billion.
Biocon and Zentiva receive EU approval for Liraglutide, a complex formulation for diabetes and weight management.
Equity markets fluctuate as Sensex and Nifty rise initially, then fall; global markets and oil prices also discussed.
Microsoft has been working on adding internal and third-party AI models to power Microsoft 365 Copilot.
China's dominance in critical minerals poses supply chain vulnerabilities for India, US, and EU nations, requiring strategic diversification efforts.
India's controversial popcorn tax system sparks outrage and criticism, with opposition questioning the complex GST rates.
ICAI President investigates auditing lapses at Byju's, disciplinary committee probing, details undisclosed, part of ongoing investigations.
Sensex and Nifty rebound sharply after steep decline, driven by value buying, bluechip stocks, and global market rally.
AS-IT-IS Nutrition aims for ₹300 crore GMV in 2025 with ATOM range, endorsed by Ravindra Jadeja.
Adani Group acquires Air Works, India's largest MRO company, expanding its aviation services with a ₹400 crore deal.
Sterling and Wilson Renewable Energy Ltd. secures ₹1,200 crore order for 500 MW Solar PV project in Gujarat.