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Indian Airlines Carry Over 1.5 Crore Domestic Passengers in May, IndiGo Leads OTP
Indian airlines transported over 1.53 crore domestic passengers in May, an 11% increase from April. IndiGo maintained market share dominance and led in on-time performance, despite widespread flight cancellations and delays affecting over 2.4 lakh passengers and resulting in significant compensation payouts.
AI's Productivity Boost May Take Years, Deutsche Bank Expert Says
Jim Reid of Deutsche Bank believes AI will significantly boost productivity but its full economic impact may take years to materialize. He draws optimism from economic history, noting past technological breakthroughs also sparked job loss fears that didn't broadly materialize. Investors are watching AI infrastructure spending and semiconductor stocks.
India's FDI Surges 44% to $39 Billion in 2025, UNCTAD Report Shows
India's foreign direct investment (FDI) rose 44% to $39 billion in 2025, bolstering its position as a key investment hub, according to UNCTAD. While global FDI grew 6%, India's announced greenfield investment declined, signaling a cautious cycle, though services, particularly ICT, remained strong.
India Urges US to Reconsider Proposed 12.5% Tariff on Imports
India has requested the US to withdraw a proposed 12.5% tariff on its imports, citing a lack of evidence in the USTR's forced labour investigation. India argues its laws and trade practices do not constitute 'unreasonable' trade practices and cause no measurable harm to US industry.
India's Refiners Eye Iranian Crude Amid Potential US Waiver Extension
Indian refiners are exploring purchases of Iranian crude if US waivers are extended beyond August. Despite fully contracted August shipments, they may buy if discounts are significant, though Russian oil currently offers steeper discounts. India's imports from Russia have recently hit record levels.
Appalachian Mountains May Hold Vast Untapped Lithium Reserves
USGS research estimates 2.5 million tons of lithium in the Appalachian Mountains, enough for 500 billion smartphones or 130 million EVs. This discovery highlights potential for domestic supply but faces significant technical and environmental challenges.
