India Ends Domestic Airfare Caps, Airlines to Set Prices
The Civil Aviation Ministry withdraws fare caps on domestic flights effective March 23, allowing airlines to price tickets based on market demand while urging pricing discipline.
The Civil Aviation Ministry withdraws fare caps on domestic flights effective March 23, allowing airlines to price tickets based on market demand while urging pricing discipline.
The closure of the Strait of Hormuz is causing a major logistics and cost shock for India's fertilizer sector, with DAP imports most at risk. While supplies are comfortable now, future shortages and higher prices loom.
The Iran-Israel conflict has disrupted LPG supply chains in Noida, affecting commercial users and triggering panic bookings. PNG users remain unaffected due to different supply routes. India imports 60% of its LPG from the Gulf via the Strait of Hormuz.
Aviation Minister Ram Mohan Naidu indicates potential fare hikes from April 1, driven by rising aviation fuel prices and geopolitical tensions in West Asia affecting global oil markets.
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RecommendedTrader associations in Delhi have sent 11 key suggestions to Chief Minister Rekha Gupta for the upcoming budget, including converting industrial areas to freehold and rationalising circle rates.
South Central Railway surpasses target, generating Rs 223 crore in ticket checking revenue for 2025-26, a new high with daily record of Rs 1.85 crore.
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The CBI grilled two former Group Managing Directors of Reliance ADA Group in a Rs 2,929 crore bank fraud case involving Reliance Communications. Anil Ambani was also questioned earlier this week.
ASSOCHAM appoints Kishore Alva as Karnataka state council chairman for 2026–27. With over 30 years in energy and trade, he will focus on industry growth and policy advocacy.
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RecommendedThe Civil Aviation Ministry has announced the removal of price caps on domestic airfares, effective March 23, 2026, potentially leading to higher ticket costs for passengers.
Domestic airfare caps of Rs 18,000 will be lifted from March 23, 2026, allowing airlines to pass on escalating operating costs to passengers amid the Israel-Iran war crisis.
The foreign exchange industry in Odisha faces an 80-90% business decline as the West Asia conflict causes widespread travel cancellations, severely impacting the Rs 600 crore annual market during peak season.
Delays in LPG delivery and commercial supply disruptions in West Bengal may worsen due to attacks on Qatar's gas facilities and closure of the Strait of Hormuz, affecting Kolkata's high dependence.
The CBI examined former Reliance ADA Group managing directors in a Rs 2,929 crore fraud case involving Reliance Communications and Anil Ambani, with separate probes into other financial irregularities.
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RecommendedAir India CEO Campbell Wilson highlights the escalating impact of the Israel-Iran conflict on airlines, with fuel costs doubling, flight cancellations, and rerouted routes affecting operations and profitability.
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The Indian government has increased commercial LPG allocation to 50% following improvements in domestic production, after initial disruptions from the Middle East conflict.
PepsiCo India announced replenishing 1.48 billion litres of water in 2025 through watershed and community initiatives, boosting water security and supporting over 89,000 people.
NIS Management Limited's subsidiary, NIS Facility Management Services, has secured a Letter of Intent from West Bengal Electronics Industry Development Corporation for a CCTV and OFC restoration project in New Town, valued at ₹56.01 Lakhs.
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RecommendedUnited Airlines will reduce unprofitable flights over the next two quarters as jet fuel prices soar due to geopolitical tensions, but strong travel demand allows fare increases to offset costs.
A US jury ruled Elon Musk defrauded Twitter investors with misleading statements on fake accounts during his 2022 acquisition, affecting stock prices. Damages up to $2.6 billion pending.
Madhya Pradesh Chief Minister Dr. Yadav will host an interactive session with industrialists in Jaipur to discuss investment opportunities in textiles, EV-automobile, food processing, and tourism sectors.
Indian Oil Corp Ltd announces a limited fuel price revision, affecting only premium petrol XP-95 while regular petrol and diesel remain unchanged despite a sharp rise in global crude oil prices. The government confirms adequate LPG stocks and intensified
Speciality Medicines Limited's IPO opens on March 20, 2026, aiming to raise ₹29.14 crore for R&D, global expansion, and working capital, with shares listed on BSE SME.
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RecommendedThe US has announced a temporary waiver on sanctions for Iranian crude oil already loaded on ships. This could allow India to resume imports from Iran after a six-year hiatus, amid Middle East conflicts and rising global oil prices.
Walmart-owned Flipkart announces CFO Sriram Venkataraman's departure as the e-commerce giant streamlines leadership for a potential public listing and growth phase.
Zomato has raised its platform fee from Rs 9 to Rs 14.90 per order, a significant increase impacting customers across India. This move follows previous adjustments and reflects ongoing changes in the food delivery sector's pricing strategies.
Oil marketing companies in India have increased prices of 95-octane premium petrol by nearly Rs 2 per liter and industrial diesel by Rs 22 per liter due to global crude surge. IndianOil maintains responsible pricing for normal fuels.
A federal jury in San Francisco has found Elon Musk liable for defrauding Twitter investors in 2022 by misleading them about fake accounts to lower the purchase price. Damages could reach billions.
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RecommendedAir India, IndiGo, and SpiceJet oppose the government's directive for free seat selection, arguing it will lead to higher airfares and represents regulatory overreach into commercial operations.