LIVE MARKET TRACKER :   BSE SENSEX        |    NSE NIFTY    
GLOBAL MARKETS :  NASDAQ      |    FSI London      |    NIKKEI Japan  
  USD GBP EUR CAD AUD INR
USD -
GBP -
EUR -
CAD -
AUD -
INR -
Indian-Commodity  :  Economy  :  India's domestic air passenger traffic up 16.4% in November 2017

India's domestic air passenger traffic up 16.4% in November 2017 (12-Jan-2018)

Global aviation body, the International Air Transport Association (IATA) has stated that India has registered a growth of 16.4 percent in domestic air passenger traffic in the month of November 2017, topping the growth chart worldwide. It also indicated that the country continued to witness double-digit growth for the 39th consecutive month. Besides, it noted that the airline industry is in a good place entering 2018 and November's strong demand gives the industry momentum.

According to the IATA's data, on the global level, the total revenue passenger kilometer (RPK) an indicator of passenger growth climbed 8 percent in November 2017 as compared to the same month in 2016, the fastest rate in five months. It noted that the available seat kilometeres (ASKs) or capacity grew by 6.3 percent. It also showed that the ASK for India was at 10.4 percent, second only to China where capacity grew by 12.9 percent.

IATA's Director General and CEO, Alexandre de Juniac has said that the number of unique city-pair connections now tops 20,000. He said that passengers not only have more travel choices than ever, the cost of travel in real terms has never been cheaper. He also expects that 2018 to be the fourth year in a row where the industry's return on invested capital will exceed the cost of capital. However, he said that challenges remained, including security threats, infrastructure constraints as well as growing fees and charges.


Top News Today
Future Enterprises gets nod to raise funds up to Rs 1,500 crore
(26-May-2018)

Future Enterprises gets nod to raise funds up to Rs 1,500 croreFuture Enterprises has received its board's approval to raise funds by issue of Secured Redeemable Non-Convertible Debentures (NCDs) for a value up to Rs 1,500 crore in one or more tranches within a period......click on news to read complete article.

IFCI recovers Rs 280 crore from Bhushan Steel
(26-May-2018)

IFCI recovers Rs 280 crore from Bhushan SteelIFCI has recovered Rs 280 crore from debt-ridden Bhushan Steel under the insolvency process. The company also received over 5.79 lakh equity shares of Bhushan Steel, having face value of Rs 2 per share.IFCI......click on news to read complete article.

Sun Pharma reports 7% rise in Q4 consolidated net profit
(26-May-2018)

Sun Pharma reports 7% rise in Q4 consolidated net profitSun Pharmaceutical Industries has reported results for the fourth quarter and year ended March 31, 2018.The company has reported a rise of 83.30% in its net profit at Rs 176.26 crore for the quarter ended......click on news to read complete article.

International Stock News
US markets end mostly in red on Friday
(26-May-2018)

US markets end mostly in red on FridayThe US markets ended the choppy day of trade mostly in red terrain as some traders were away from their desks, looking to get a head start on the long Memorial Day weekend. Geopolitical uncertainty also......click on news to read complete article.

US markets end mostly in red on Friday
(26-May-2018)

US markets end mostly in red on FridayThe US markets ended the choppy day of trade mostly in red terrain as some traders were away from their desks, looking to get a head start on the long Memorial Day weekend. Geopolitical uncertainty also......click on news to read complete article.

US markets end lower on Thursday
(25-May-2018)

US markets end lower on ThursdayThe US markets ended in red terrain on Thursday, as geopolitical worries hovered over markets after Trump called off the summit that was set to take place June 12 in Singapore. The cancellation followed......click on news to read complete article.

 

     
  
Recent Economy News
 
EquityInvestmentCompany ReportsIPO
Disclaimer
By clicking on this page you accept all the terms and conditions framed by us. News made available here are for informational purpose only. While utmost care has been taken in providing the same. We claim no responsibility for its accuracy. Readers of this blog who make their decision based on the information posted here are solely responsible for their actions.