Airlines resume Middle East operations after temporary shutdown
NEW DELHI: With tensions easing in the Middle East and Qatari airspace reopening, airlines operating to and from India have begun cautiously resuming services from Tuesday, following a temporary shutdown on Monday. While some flights may still face delays due to rerouting, most major carriers are gradually restoring operations.
Air India Express, India's largest carrier in the Gulf region, operates around 900 flights weekly between Indian cities and 13 Middle Eastern destinations. In a statement, the airline said, 'Air India Express is progressively resuming its operations to the Middle East from today, 24th June, as airspaces in the region reopen. Our first flight today will be on the Delhi–Muscat route, followed by services on the Mumbai–Muscat, Kozhikode–Muscat, Kozhikode–Riyadh, and Jaipur–Jeddah routes.'
Flights to and from key UAE cities — including Dubai, Abu Dhabi, Sharjah, Al Ain, and Ras Al Khaimah — are scheduled to resume from Wednesday (25th June), the airline added.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
36 minutes ago
- Economic Times
India can be a global unifying force to be reckoned with: McKinsey's Bob Sternfels
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Mumbai: India 's big opportunity lies in being a global unifier that brings together countries and regions that may not otherwise be in harmony with each other, said Bob Sternfels, global managing partner at McKinsey & Co. It could not only be the link between the US and China but also with other parts of the world, Sternfels, 54, told ET in an interview, underscoring the benefits of the country's youth."Increasingly, India's leading companies are global companies, not just Indian companies," said Sternfels, a self-confessed Indophile. "So, the upside is real - if India can walk that tightrope, staying connected to everyone, that's the real opportunity."He said India's decade of "miraculous progress" is unmatched in scale and speed, but it's now time for a gear shift."It's like a marathon - most want to just finish. But the winners change gears in the second half. And, for India, the window is now, when India is young. India has around 30 years before it becomes an ageing society," he said. "Youth is India's advantage, and we need to move faster, not settle for 5.5% or 6% growth. Can we push for 7% or 8%?"The McKinsey CEO said the Indian economy needs a jolt to grow faster. The leap will come from increased capital and foreign direct investment (FDI), and an education system that prioritises learning agility over static knowledge, Sternfels said.
Time of India
39 minutes ago
- Time of India
India can be a global unifying force to be reckoned with: McKinsey's Bob Sternfels
Mumbai: India 's big opportunity lies in being a global unifier that brings together countries and regions that may not otherwise be in harmony with each other, said Bob Sternfels, global managing partner at McKinsey & Co. It could not only be the link between the US and China but also with other parts of the world, Sternfels, 54, told ET in an interview, underscoring the benefits of the country's youth. "Increasingly, India's leading companies are global companies, not just Indian companies," said Sternfels, a self-confessed Indophile. "So, the upside is real - if India can walk that tightrope, staying connected to everyone, that's the real opportunity." He said India's decade of "miraculous progress" is unmatched in scale and speed, but it's now time for a gear shift. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo "It's like a marathon - most want to just finish. But the winners change gears in the second half. And, for India, the window is now, when India is young. India has around 30 years before it becomes an ageing society," he said. "Youth is India's advantage, and we need to move faster, not settle for 5.5% or 6% growth. Can we push for 7% or 8%?" The McKinsey CEO said the Indian economy needs a jolt to grow faster. The leap will come from increased capital and foreign direct investment (FDI), and an education system that prioritises learning agility over static knowledge, Sternfels said. Live Events
Mint
an hour ago
- Mint
Investment bankers reap record bonanza after a bumper year of deals
Indian investment banks doled out record bonuses this year as a surge in deal activity drove fees to an all-time high last fiscal, according to headhunters and bankers. Kotak Mahindra Capital Co., Axis Capital, Avendus Capital, and JM Financial, among others, have handed out million-dollar ( ₹8-9 crore) bonuses to their top brass, the industry insiders told Mint, speaking on the condition of anonymity as the compensation data is private. 'The top domestic banks have seen record revenue levels in the last financial year and the bonuses that get announced in June have been phenomenal with top honchos making around 250-300% of their annual comps in bonuses," a headhunter said. A bumper year of dealmaking kept investment bankers busy last fiscal. Hyundai Motors India Ltd, Swiggy Ltd, Ola Electric Ltd, Firstcry (operated by Brainbees Solutions Ltd), among others, went public. Private equity investors exited or sold part of their stakes in several Indian companies. Consolidation in industrials, consumer and financial services sectors spurred a wave of M&As. Also read | Investment banks to pitch for ₹25,000-crore SBI fundraise this week 'It has been one of the better years for the local bankers, and this specially gets amplified because globally the hikes andbonuses of I-bankers were not to their usual levels given softness in their local markets,"said Harpuneet Singh, managing director at executive search firm Russell Reynolds. 'However, going ahead as markets cool down, a similar momentum may be difficult to maintain." Large and small investment banks together generated more than $1.35 billion ( ₹10,900 crore) in fee income in FY25 by stitching up transactions in the equity and debt markets, along with M&As, according to data collated by London Stock Exchange Group, an analytics services and data provider. That compares with the total I-banking fee of $1.25 billion generated in FY24 and $1.07 billion in FY23. Emailed queries to spokespersons of Axis Capital, Avendus Capital, Kotak Mahindra Capital Co. and JM Financial did not elicit any response. Read this | Bank, NBFC investments in AIFs may get smoother Some of the top investment banks in the FY25 fee league tables include Jefferies, Axis Bank, State Bank of India, ICICI Bank, Kotak Mahindra Capital, JM Financial, Morgan Stanley, Avendus Capital, and Avendus Capital. Revenue-sharing model Over 80 mainboard IPOs saw a total capital of ₹1.63 trillion raised in FY25, compared with ₹61,900 crore across 76 offers in FY24, according to KPMG's analysis released in May 2025. 'Indian markets have been extremely buoyant in recent years, and the local investment banks have strongly leveraged these opportunities," said Monica Agrawal, managing director, financial services and board and chief executive officer services at search firm Korn Ferry in India. 'They have been able to attract top talent and are currently commanding higher compensation, too, as they have delivered great results. They are inching towards the top of the league tables, the erstwhile bastion of large global banks." Most investment banks now follow a revenue-sharing model with employees in client-facing roles, where a large part of their work revolves around deal origination. In such departments, the bonus payouts are directly linked to the fee income. In December, Mint had reported that global banks would hand out record payouts of up to ₹1,000 crore combined in India on the back of decadal-high fee income in 2024. And read | Premji Invest's latest bet? A tech-powered NBFC led by a former ICICI banker
