Domestic air travel experienced a dip in April, with passenger numbers falling 4.2% from March and 3.47% year-on-year. Airlines faced headwinds from softer demand and rising costs, leading to network adjustments. IndiGo expanded its market share to 65%, while Air India Group saw a decline. Operational performance varied, with IndiGo leading on-time flights.

Planning a bank visit in June requires checking the holiday list as branches in several states will be closed on specific dates for festivals like YMA Day, Raja Sankranti, Moharrum, and Muharram. Additionally, banks observe closures on the second and fourth Saturdays of each month, impacting physical branch operations.

Gold prices face a mixed outlook this week, influenced by US-Iran peace talks, oil market shifts, and crucial US economic data. Federal Reserve officials’ speeches will also guide interest rate expectations, impacting bullion’s near-term trajectory. Analysts suggest a sideways to corrective momentum for precious metals, with progress in peace discussions potentially easing safe-haven demand.

All Eyes On June 5 Statement As Gulf Crisis Nears 100 Days

India’s ambitious first bullet train project, launched in 2017, is now in its advanced construction phase, with viaducts and tunnels taking shape. Despite delays and cost escalations, the Mumbai-Ahmedabad corridor is set to revolutionize travel, with the first operational section anticipated by mid-2027. This endeavor signifies India’s leap into high-speed rail technology.

India and the Eurasian Economic Union (EAEU) are currently negotiating a limited, temporary trade arrangement for specific goods as part of broader free trade agreement talks. Russian Economic Development Minister Maxim Reshetnikov described the discussions as complex, with India’s requests being ambitious.

The Centre has exempted customs duties on cotton imports for five months until October 30, aiming to boost availability and reduce costs for India’s textile sector. This move is expected to enhance competitiveness, particularly benefiting MSMEs and enabling garment exporters to secure orders more effectively amidst global volatility.

The Trump administration plans to appeal a court order allowing all importers who paid struck-down tariffs to seek refunds. This move could significantly slow down the multibillion-dollar repayment process already underway.