India’s global economic recovery positive: EY report

Title: Hindustan Aeronautics Reports Eight Per Cent Drop in Q4 Profit

Hindustan Aeronautics Limited (HAL) reported an eight per cent decline in its fourth-quarter profit, affected by delays in supplying its Tejas light combat aircraft. The fighter jet manufacturer’s consolidated profit fell to Rs 39.77 billion in the quarter ending 31 March, down from Rs 43.09 billion a year earlier.HAL’s quarterly revenue dropped 7.2 per cent to Rs 137 billion, slightly above Elara Securities’ estimated 8 per cent decline. Despite delays, ordering activity in the defence sector remained steady throughout the quarter.Following recent border tensions between India and Pakis..

IndiGo Starts Direct Flights From Abu Dhabi To Vizak, Bhubaneswar

IndiGo, India’s leading low-cost carrier, will start direct flights from Abu Dhabi to Visakhapatnam and Bhubaneswar in June 2025. This expansion aims to strengthen economic ties, promote tourism, and offer convenient travel for the Indian diaspora in the United Arab Emirates.Starting 12 June, IndiGo will operate thrice-weekly flights between Abu Dhabi and Bhubaneswar on Tuesdays, Thursdays, and Saturdays. From 13 June, four weekly flights will connect Abu Dhabi and Visakhapatnam on Mondays, Wednesdays, Fridays, and Sundays.These new routes are part of IndiGo’s broader plan to expand its in..

Pune District Plans Dialogue with Villagers Over Airport Land Dispute

The Pune district administration will hold talks next week with villagers opposing land acquisition for the new airport project. This follows clashes earlier this month that postponed a drone survey for land assessment across seven villages: Kumbharvalan, Pargaon, Khanwadi, Ekhatpur, Munjwadi, Udachiwadi, and Vapuri.The meeting, arranged under State Revenue Minister Chandrashekhar Bawankule’s direction, aims to address villagers’ concerns and find a way forward. The minister met protesting farmers and urged them to reconsider, promising the best possible land deal. He reaffirmed that the a..