Tue, May 23, 2017 | updated 03:03 AM IST

IATA reports 21 pct surge in India's domestic air traffic

Updated: Jul 09, 2016 11:50 IST      
IATA reports 21 pct surge in India's domestic air traffic

New Delhi, July 9 (ANI): Keeping its position at the top in the domestic travel demand for the 14th consecutive month, India's air passenger traffic announced a surge of 21 percent in May over the corresponding period last year.

It stated a rise of 5.1 percent in demand for domestic traffic, outpacing international demand growth of 4.3 percent in May 2016.

As per the data released by the International Air Traffic Association (IATA), India's domestic air traffic grew 21 percent, whereas the overall traffic growth (domestic and international), however, rose 4.6 percent in May this year over May 2015 with the demand getting impacted due to recent terrorist strikes and UK's decision to opt out of the European Union.

"After a very strong start to the year, demand growth is slipping back toward more historic levels. A combination of factors is likely behind this more moderated pace of demand growth. These include continuing terrorist activity and the fragile state of the global economy," said IATA Director General and Chief Executive Officer Tony Tyler.

"Neither bode well for travel demand. And the shocks of Istanbul and the economic fallout of the Brexit vote make it difficult to see an early uptick," he added.

"India's domestic traffic soared 21.8 percent, marking the 20th month of double-digit traffic growth and the 13th consecutive month it has led the domestic markets," said Tyler.

For Asia-Pacific carriers, the large markets in India, China and Japan mean that domestic travel accounts for 45 percent of the region's operations, IATA reported.

Significantly, India accounts for only 1.2 percent of the total domestic air traffic.

"The shockwaves of the Brexit vote have extended worldwide and the fallout will affect the air transport industry, from both economic and regulatory perspectives,"" added Tyler. (ANI)

SRF limited announces Q4 and FY17 financial results

Updated: May 22, 2017 18:51 IST     

New Delhi [India], May 22 (ANI-NewsVoir): SRF Limited, a chemical based multi-business entity engaged in the manufacturing of industrial and specialty intermediates today announced its consolidated financial results for the fourth quarter and full year ended March 31, 2017 under Indian Accounting Standards (IndAS). The company's audited results were approved by the Board of Directors in a meeting held today in Gurgaon, Haryana.

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CBDT signs two more Unilateral APA's with Indian taxpayers

Updated: May 22, 2017 18:45 IST     

New Delhi [India], May 22 (ANI): The Central Board of Direct Taxes (CBDT) on Monday announced entering into two Unilateral Advance Pricing Agreements (APA) with Indian taxpayers on May 4 and 11 respectively, out of which one agreement holds a rollback provision.

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Bangalore [India], May 22 (ANI-Businesswire India): Relocating household goods from one place/city to another can be really one of the most challenging, hectic and stressful events of life. Whether it is a local shift within the city of Bangalore or relocating home from this city to another city of India, it would be a complicated and time-consuming process for an individual to do it all alone. There are lots of hassles, tedious tasks and unpleasant issues involved with the process of relocation which can pester an individual badly. On the other hands, hiring services of one of the credible and competent packers and movers in Bangalore would be a great decision with respect to simplify the relocating process and turn the circumstance into the easygoing and smooth affair.

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New Delhi [India], May 22 (ANI): Online recruitment marketplace AasaanJobs on Monday announced the roll out of its 'Interview scheduling' feature for employers and candidates, which will allow employers to specify and pick different time slots for scheduling interviews with job aspirants.

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New Delhi [India], May 22 (ANI): Schneider Electric the global specialist in energy management and automation on Monday announced appointment of Venkatraman Swaminathan as the Vice-President, IT Division - India Zone.

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New Delhi [India], May 22 (ANI-NewsVoir): Pearl Academy, India's leading private institution in design, fashion, creative businesses and media, concluded its ten-day long campaign - #MumbaiByDesign which celebrated the quintessential Mumbai through a series of initiatives across the city.

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foodpanda raises USD 431.45 million from Naspers

Updated: May 22, 2017 15:30 IST     

New Delhi [India], May 22 (ANI): Online marketplace for food delivery foodpanda on Monday announced receiving of investment worth USD 431.45 million from global internet and entertainment group Naspers into its parent company Delivery Hero.

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New Delhi [India], May 22 (ANI): Fintech start-up Zeta, which offers digital employee benefits for tax optimisation, has tied up with Sodexo Benefits and Rewards India for administration of digital employee benefits in the country.

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Mumbai [India], May 22 (ANI-Businesswire India): The India Meteorological Department (IMD's) recent prediction of favourable monsoon in India is likely to have a positive impact for companies in the agricultural sector like Ruchi Soya Industries Limited.

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New Delhi [India], May 22 (ANI): As per the joint study conducted by ASSOCHAM and PwC, in India, about 10 to 15 percent of wastes produced by industries are hazardous and the generation of hazardous wastes is increasing at the rate of two to five percent per year.

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New Delhi [India], May 22 (ANI-NewsVoir): It's time for hunger pangs and cravings for home cooked food well, Noodles, Pastas, dosas, juices, smoothies and soups. Just name it and you will be up for making it! If your kitchen is equipped with the perfect Kitchen Appliances, making a variety of these scrumptious, healthy, fresh and hygienic dishes is no longer a time consuming process. "KENT Smart chef appliances" has introduced the all new and innovative KENT Noodles & Pasta Maker and KENT Turbo Grinder and Blender to cook healthy and cook fast.

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To land CPEC-linked jobs, more Pak students learning Chinese

Updated: May 22, 2017 12:41 IST     

Islamabad [Pakistan], May 22 (ANI): The impact of the China-Pakistan Economic Corridor project, it seems, is being felt in educational institutions in the country, for more and more than students have reportedly taken to learning the Chinese language for short and long term benefit.

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Maharashtra Assembly passes GST Bill

Updated: May 22, 2017 12:02 IST     

New Delhi [India], May 22 (ANI): The Maharashtra Assembly on Monday passed the Goods and Services Tax (GST) Bill in a session of its lower house.

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Bangalore [India], May 22 (ANI-Businesswire India): L&T Technology Services Limited, a leading global pure-play engineering services company, announced it has been positioned in the "Winners Circle" by HfS Research, The Services Research Company in

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Mumbai [India], May 22 (ANI-Businesswire India):Mumbai-based Omkar Realtors and Developers, a market leader in redevelopment and luxury residential projects, created history in India's real estate sector with a grand gathering of 1200-plus channel partners from across Mumbai, India, Dubai, GCC region, Singapore, Hong Kong who attended the promotional event by Omkar's for its new product offering 'SIGNET by Omkar', a project offering efficient and compact 1 and 2 BHKs at Malad East on Western Express Highway.

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MoS Finance confirms July 1 roll out of 'all-inclusive' GST

Updated: May 22, 2017 08:40 IST     

Bareily (Uttar Pradesh) [India], May 22 (ANI): Following up from the meeting of the Goods and Services Tax (GST) council on May 18 and 19, Minister of State for Finance Santosh Gangwar said the stage is set for the scheduled roll out of the GST Bill on July 1st.

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GST is Modi Govt.'s 'biggest achievement': ASSOCHAM

Updated: May 21, 2017 13:02 IST     

New Delhi [India], May 21 (ANI): With the roll out of the 'revolutionary' Goods and Services Tax bill scheduled for July 1, the ASSOCHAM has perceived this as the present government's 'biggest achievement', facilitating digitisation, financial and inclusion, while public investment on railways and power distribution infrastructure is set to change the structure of the economy, the chamber said.

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Omkar Realtors introduces 'SIGNET by Omkar'

Updated: May 20, 2017 17:46 IST     

Mumbai [India], May 20 (ANI-Businesswire India): Mumbai-based Omkar Realtors & Developers, a market leader in redevelopment and luxury residential projects, announced the launch of 'SIGNET by Omkar', a project offering efficient 1 and 2 BHK homes at Malad East on Western Express Highway.

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New Delhi [India], May 20 (ANI-NewsVoir): Policybazaar.com (twitter handle: @policybazaar_in), India's largest insurance website and comparison portal, has launched a new advertising campaign with the tagline "Cancer se ladai main insurance kaam aega" (insurance will come handy in fight against cancer).

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New Delhi [India], May 19 (ANI-NewsVoir): Shardul Amarchand Mangaldas and Co. provided legal and strategic advice to HP Inc. (HP) from a competition law perspective in relation to its proposed acquisition of the global printer business of Samsung Electronics Co. Ltd.

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