Wednesday, September 30
India's domestic air passenger traffic increased 1.89 per cent to 140.56 lakh in May compared to that of the same month last year, according to the Directorate General of Civil Aviation (DGCA). DGCA's monthly data showed the number of domestic passengers flown by the Indian airline in May 2024 was 137.96 lakh. In the previous month, IndiGo flew a total of 93.09 lakh passengers with a market share of 64 per cent, followed by the Air India Group, which recorded 37.22 lakh passengers, grabbing a market share of 26.5 per cent market share. The two other major carriers Akasa Air and SpiceJet flew7.48 lakh and 3.40 lakh passengers, respectively, during the month under review. Akasa's market share stood at 5.3 per cent while SpiceJet's share in the total domestic passenger traffic was 2.4 per cen
The Federal Reserve will continue to wait and see how the economy evolves before deciding whether to reduce its key interest rate, Chair Jerome Powell said on Tuesday, a stance directly at odds with President Donald Trump's calls for immediate cuts."For the time being, we are well positioned to wait to learn more about the likely course of the economy before considering any adjustments to our policy stance," Powell said in prepared remarks he will deliver early Tuesday before the House Financial Services Committee.Powell is facing two days of what could be tough grilling on Capitol Hill, as Trump has repeatedly urged the Fed to reduce borrowing costs. Powell has often received a positive reception before House and Senate committees that oversee the Fed, or at least muted criticism. Powell
DUBAI, United Arab Emirates - Israel warned of Iranian attacks Tuesday morning hours after U.S. President Donald Trump announced the two Middle Eastern countries had agreed to a "complete and total ceasefire." Israel's Magen David Zafon rescue services said at least three people were killed and eight injured in the early morning barrage. A residential building in Israel's south sustained heavy damage, according to emergency responders. Waves of missiles sent Israelis to bomb shelters for almost two hours in Tuesday morning.Read more on the Israel-Iran ceasefire herePreviously, U.S. President Donald Trump announced that Israel and Iran had agreed to a "complete and total ceasefire," but its status remained unclear as attacks continued Tuesday. Trump's announcement came soon after Iran laun
