Yatrigan, fasten your seatbelts for not just your flight but the whole aviation sector is experiencing turbulence!Flight delays, rising ticket prices, and cancelled international routes are no longer breaking news, but the new normal. In May 2026, airlines are grappling with a mix of economic and geopolitical pressures, creating a cycle of challenges that keeps…
A pledge for more Chinese investment could face backlash given longstanding national security concerns in the United States. Source link
The government has capped gold imports under the Advance Authorisation scheme at 100 kilograms and tightened compliance and monitoring norms for importers in the gems and jewellery sector, according to a DGFT notification issued on Thursday.The Directorate General of Foreign Trade (DGFT) inserted five new notes under Standard Input Output Norms (SIONS) M-1 to M-8…
Retail sales rose 0.5 percent despite higher prices for gas, food and other goods. But there are signs consumers are under some strain. Source link
Global crude oil prices are likely to decline to an average of $79 per barrel by 2027 as oil production in the Middle East gradually increases, news agency ANI reported citing the latest outlook released by the US Energy Information Administration (EIA).The agency said Brent crude prices, which surged sharply following disruptions around the Strait…
Iranian strikes and a blockade have paralyzed Qatar’s gas engine, creating a technical bottleneck likely to stall exports for years. Source link
Mumbai: ICICI Bank has launched a USD-denominated debit card in partnership with Visa, marking a shift in how Non-Resident Indians manage offshore wealth by eliminating currency conversion layers for dollar spending.The product allows NRIs to spend directly in USD without incurring the typical 3.5% currency markup fee and GST that applies when using Indian NRE…
The former reality-TV star has shaken up the Los Angeles mayoral race, gaining support from deep-pocketed donors like the financier Daniel S. Loeb. Source link
India’s financial conditions remained under pressure in April as elevated crude oil prices, continued foreign investor outflows and a weakening rupee tightened stress across markets amid the ongoing Middle East conflict, according to a Crisil report.The Crisil Financial Conditions Index (FCI) stood at -1.2 in April compared with -1.4 in March. The report noted that…
The proposal was suggested by the Reserve Bank of India and is currently under active consideration by the Finance Ministry. Looking to tackle foreign outflows and preserve forex, the government is weighing a major cut in the tax burden imposed on foreign investors investing in domestic bonds. Policymakers are looking to bring the country’s framework…
