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AERA announces 25% cut in flight landing, parking charges for 3 months – Will flights get cheaper?
08
Apr
By The Press Editor
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Business

AERA announces 25% cut in flight landing, parking charges for 3 months – Will flights get cheaper?

New Delhi: To provide immediate relief to the aviation sector, the Airports Economic Regulatory Authority of India (AERA) has announced a major decision. According to AERA, landing and parking fees for domestic flights have been reduced by 25 per cent at all major airports across the country. This reduction is effective immediately and will remain in effect for the next three months. After three months, AERA will review market conditions, airlines' financial positions, and industry challenges before deciding on further charges. The tariff follows the government's directive to the authority in view of the ongoing West Asia crisis, the order…
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RBI MPC Meeting 2026: Central bank keeps repo rate unchanged at 5.25%, maintains neutral stance
08
Apr
By The Press Editor
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Business

RBI MPC Meeting 2026: Central bank keeps repo rate unchanged at 5.25%, maintains neutral stance

New Delhi: Reserve Bank Governor Sanjay Malhotra on Wednesday said that the six-member Monetary Policy Committee (MPC) has unanimously decided to keep the repo rate unchanged at 5.25 per cent.ย Malhotra also said that the central bank has maintained the policy stance as โ€˜Neutralโ€™. The RBI MPC meeting comes amid the ongoing conflict in West Asia, which has led to a sharp increase in crude oil prices and a sharp depreciation of the rupee.ย ย  The RBI has cut rates by a total of 125 basis points since February 2025, marking its most aggressive easing cycle since 2019. It last reduced the…
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Market Opening Bell: Sensex surges 2,674 points, Nifty above 23,850 as crude oil prices drop below USD 95
08
Apr
By The Press Editor
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Business

Market Opening Bell: Sensex surges 2,674 points, Nifty above 23,850 as crude oil prices drop below USD 95

Mumbai: Indian equity benchmark indices, the Sensex and Nifty, started the trading session on a strong positive note on Wednesday, amid positive global cues as crude oil prices dropped below USD 95 after the US and Iran agreed to a two-week ceasefire. The action in the market also comes ahead of the RBI's Monetary Policy Committee (MPC) outcome. While the 30-share BSE Sensex surged 2,674.05 points or 3.58 per cent to start the session at 77,290.63, the Nifty added 731.5 points to open at 23,855.15. In the last trading session, the Sensex closed at 74,616.58 and the Nifty 50 at…
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“Time is right for me to…”: Here’s why Air India CEO Campbell Wilson has resigned
07
Apr
By The Press Editor
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Business

“Time is right for me to…”: Here’s why Air India CEO Campbell Wilson has resigned

New Delhi: Tata Group-owned Air India chief executive officer (CEO) and managing director (MD) Campbell Wilson has resigned from the position. The airline, while confirming the development, said that it has set up a committee to find his successor. However, he will continue as CEO & MD till his successor is announced. Wilson, a native of New Zealand, has been at the helm of the Tata Group-owned airline for four years as Chief Executive Officer and Managing Director.ย  Here's why Air India CEO resigned According to the information shared by the airline, Wilson, in the letter, said that he feels…
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Explained: France pulls final remains of gold reserves from US, here’s why it holds significance
07
Apr
By The Press Editor
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Business

Explained: France pulls final remains of gold reserves from US, here’s why it holds significance

New Delhi: The Banque de France (BdF) has pulled all its gold reserves from the United States. According to reports, this gold has been replaced with an equivalent amount in its vaults in Paris. The gold amounted to 129 tonnes - approximately 5 per cent of the total gold stored in the bank - and has resulted in a massive โ‚ฌ12.8 billion (USD 15 billion) capital gain for the central bank. For the uninitiated, France is one of the world's leading holders of gold and has been storing the precious metal with the Federal Reserve Bank of New York since…
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Market Closing Bell: Sensex jumps 509.73 points to settle at 74,616.58, Nifty above 23,100
07
Apr
By The Press Editor
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Business

Market Closing Bell: Sensex jumps 509.73 points to settle at 74,616.58, Nifty above 23,100

Mumbai: Indian benchmark indices rallied for the second consecutive day on Tuesday, April 7, 2026. The market started today's trading in the red, but after 01.30 pm, buying picked up and the market picked up pace. On the second day of the week, on Tuesday, the BSE Sensex closed at 74,616.58 points with a rise of 509.73 points (0.69 per cent). Whereas, NSE's Nifty 50 index added 155.40 points (0.68 per cent) today and closed at 22,968.25 points.ย  Shares of 19 out of 30 companies of the Sensex 30 pack closed in the green, while the stocks of all the…
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Air India revises fuel surcharge, ticket prices to get costlier – Here’s how much you will have to pay extra
07
Apr
By The Press Editor
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Business

Air India revises fuel surcharge, ticket prices to get costlier – Here’s how much you will have to pay extra

Mumbai: Tata Group-owned Air India flights are set to become costlier as the airline announced a change to its fuel surcharge structure, effective from April 8. As a result, tickets of both domestic and international routes will become more expensive. According to the available information, the decision has been taken due to a sharp increase in the prices of jet fuel (ATF) globally. The development comes days after low-cost carrier Indigo started levying revised fuel charges ranging on domestic and international flights from April 2, following the rise in jet fuel prices. How will the fuel surcharge be levied now?…
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Gold below Rs 1.50 lakh per 10 gram, silver too falls on MCX | Check city-wise rates
07
Apr
By The Press Editor
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Business

Gold below Rs 1.50 lakh per 10 gram, silver too falls on MCX | Check city-wise rates

Mumbai: Rates of precious metals in futures opened lower on Tuesday, April 7, 2026, as crude oil prices hit a record high of Rs 10,888 per barrel in futures trade. The gold June 5 contract on the Multi Commodity Exchange (MCX) opened with a dip of Rs 222 or 0.14 per cent at Rs 1,49,759 per 10 grams against the previous close of Rs 1,49,981. It later fell further to hit the low of Rs 1,49,201, a dip of Rs 780 or 0.52 per cent. Last seen, it was trading at Rs 1,49,549 with a fall of Rs 432 or…
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This IT stock continues upward momentum amid volatility as company shares update on acquisition
07
Apr
By The Press Editor
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Business

This IT stock continues upward momentum amid volatility as company shares update on acquisition

Mumbai: Shares of smallcap IT company Blue Cloud Softech Solutions Ltd gained over 8 per cent on Tuesday, even as the market remained volatile. Equity benchmark indices declined as crude oil prices refused to fall amid US President Donald Trump's fresh deadline to Iran. The 30-share BSE Sensex tumbled 824.44 points to 73,282.41 in early trade. The 50-share NSE Nifty dropped 248.95 points to 22,719.30. Amid this, the stock opened in the green at Rs 19.74, up 1.70 per cent from the previous close of Rs 19.41. It further advanced to touch a high of Rs 21.01, representing an 8.24…
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