Noida International Airport (NIA) is set to handle its first cargo flight, a domestic departure, just days after commencing passenger operations. This marks a significant step in its development as a key aviation and cargo hub for North India, boasting advanced digital infrastructure and substantial handling capacity designed for efficient operations.
Oil prices have significantly declined, nearing pre-conflict levels as hopes rise for a US-Iran agreement. This potential deal could reopen the Strait of Hormuz, a crucial oil transit route, though full restoration of production may take considerable time. Concerns remain regarding the truce’s durability and Iran’s control over the strait.
Procter & Gamble India is observing a noticeable impact of rising inflation on consumer spending habits, with shoppers becoming more cautious. The company anticipates short-term growth challenges due to ongoing macro-economic uncertainties, including volatile raw material costs and potential monsoon deficits. Despite these headwinds, P&G remains optimistic about India’s medium-term economic outlook.
Yum Brands is divesting its struggling Pizza Hut chain in a $2.7 billion deal. Private equity firm LongRange Capital will acquire Pizza Hut’s global operations, excluding China, for approximately $1.5 billion. India’s Pizza Hut business will also fall under LongRange Capital’s management. The China operations are being sold to Yum China Holdings for about $1.2
India is seeking rare earth samples from Russia. This move aims to diversify critical mineral supplies away from China. State miner IREL is in talks with Rosneft for samples from Siberia’s Tomtor deposit. India will study the mineral composition before further engagement. This effort supports India’s growing demand for rare earths in electric vehicles and
