International travels script India's aviation growth story
The AAI 'Air Traffic Data' for the first three quarters of this financial year shows nearly two crore flyers went abroad this year, marking a 7% rise in international travel.
The overall passenger growth stands at 5.6% with 105.15 million flyers taking to the skies in April-June 2025 over the 99.54 million of April-June 2024. The domestic growth figure is 5.3% with 85.32 million travelling this quarter as compared to 81 million in the corresponding period last year.
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Time of India
35 minutes ago
- Time of India
Fiscal fitness
Mansplaining Donald Duck is my superpower Nobody is focusing on fiscal fitness, I said to Kamala as we walked briskly round our neighbourhood park. She narrowed her eyes as she realised I was talking about money, then confessed she didn't understand money. Most Indians know how to make money and hoard money but are clueless about the Budget or things like American tariffs and what impact these have on our daily lives. Our basic fear is that everyone, including banks, netas, the markets and every person who calls on the phone, is trying to loot our hard-earned money. I puffed my chest out to mansplain money matters: Imagine if you had a friend – a very rich, important, delusional friend – who runs a chain of veggie shops. Imagine if you grew tomatoes in your farm and you wanted him to buy these tomatoes and sell them on… I could see I was losing Clueless Kamala so I tried to make it even simpler: If this close friend, based on his friendship alone, was charging you 25% more to sell your tomatoes in his shop, it would make tomatoes costlier in his shop while creating a glut of tomatoes in your farm. Kamala looked confused but I continued: Imagine if this friend saw you buying Kerosene from Puttaniah and levied a penalty because he didn't like that. Plus, this friend tells everyone that he also stopped the fight we had last weekend and that we would be divorced by now if not for him. She perked up: 'Were we fighting with our neighbor Pakkath Mane Parvathi because her sons keep lobbing balls into our compound and creating destruction every time they jump over the compound wall? But we are still playing cricket with them.' Kamala was finally getting the hang of international affairs. I had made the whole thing as logical as The Kerala Story getting the national award. She sat down on the bench and gave me a withering look: 'This friend of yours sounds like a bully. I don't think he is anyone's friend.' I hummed an old Shammi Kapoor song: Tariff karoon kya uski jisne usse banaya. I told her he was a self-made man so we couldn't blame God or Nehru for this situation. Donald Duck used to be a harmless cartoon without pants when we were growing up. He still is – but the world is not laughing anymore. Facebook Twitter Linkedin Email Disclaimer Views expressed above are the author's own.
Economic Times
7 hours ago
- Economic Times
Handful of groups investing in India; low consumption growth a concern: Parth Jindal
Synopsis Parth Jindal of JSW Group highlights that only a few companies are currently investing in India. He emphasizes the need for broader participation in private capital expenditure. JSW Group plans to invest USD 50 billion in the next five years, showcasing its confidence in India's growth potential. PTI JSW Paints MD Parth Jindal Only a "handful" of corporates are investing in India, JSW Group scion Parth Jindal said on Monday, stressing the need for "democratisation" when it comes to private capital expenditure. The Mumbai-headquartered group having interest in cement, steel, ports and sports, believes in India's growth potential and will invest USD 50 billion over the next five years, the 35-year-old Parth, the son of Sajjan Jindal, told reporters here. "You have today a handful of groups investing in India. We need it to be more democratised. We need more MSMEs to invest. We need everyone to invest," Jindal, the managing director of the USD 49 billion group's cement and paints arms, told reporters here. It can be noted that some other industry captains, including billionaire banker Uday Kotak, have expressed concerns around investments getting done by a few groupings in the past. The JSW Group is investing across its businesses, Jindal said, pointing out that while his father Sajjan Jindal -- the group chairman and managing director -- has announced investing USD 60 billion over five years, group executives are pegging it at USD 40 billion and he himself feels it will be USD 50 billion. "We believe that there's incredible potential in India, incredible potential to export from India as well. And also really... in the China plus one strategy," the Jindal family scion said. Other private companies have opted deleverage or paying off their loans over investment in capacity addition, which is more sought after for the growth impetus it gives, Jindal said. Private companies have strong balance sheets, but they are not investing, he rued, adding that the government is also "perplexed" about this phenomenon because the fundamentals of the economy are very strong. Stating that manufacturing in India needs to go up, Jindal pointed to challenges around land acquisition and labour laws being a deterrent to invest. "(there are) so many laws, so many rules... tribal land, SC (Scheduled Caste) land, ST (Scheduled Tribe) land, OBC (Other Backward Classes) land. I mean, it's very difficult for any foreign company to come and understand or even a startup to come and think about it. So, that needs reform," Jindal said. The government has done a lot of reform, and its arms like the Niti Aayog are looking into how this can be reversed. Jindal also flagged concerns around the sagging consumption growth in the country, pointing out that it is a "tale of two Indias" where the top 20 crore people in the country are spending. "...it's a tale of almost two Indias. Now, you have a widening gap between the top 200 million Indians and the rest. And that's a really big concern because you're seeing value growth, but you're not seeing volume growth. And that could only mean that, you know, that this divide is increasing," he said. Jindal said JSW Group looks at manufacturing as its core strength, where it can put up a big plant right from acquiring a piece of land to erecting the facility. The group will list either the e-commerce arm JSW One or JSW MG Motors over the next two years, he said.
India Today
8 hours ago
- India Today
Rihanna's Fenty Beauty to enter Indian beauty stores
Rihanna's Fenty Beauty to enter Indian beauty stores Credit: Instagram/fentybeauty Rihanna fans and beauty enthusiasts, rejoice! Pop sensation Rihanna's brands Fenty Beauty and Fenty Skin are officially launching on Tira and Sephora India on August 7, 2025 Fenty's makeup and skincare products will be available at Sephora India and Tira stores and websites. Credit: Instagram/badgalriri She shared the exciting update on her Instagram handle on August 4. Over 50 stores across 16 cities will also stock the products. This, however, is not the first time that Indians would be able to buy Fenty's coveted products from the comfort of their homes. They were available on Nykaa Global Store (now not available) and also Fenty's official website. However, ordering from Fenty Beauty's website includes an additional shipping charge of over Rs 1,000 for delivery within 7–11 business days. For express delivery (within 5–8 days), the charge exceeds ₹2,000. Even Nykaa used to charge an additional shipping fee of Rs 500. The move to bring it to Sephora and Tira is Rihanna's way to "making it easier for more people to experience the products". Though further details are yet to be revealed, beauty buyers may benefit from faster delivery and possibly no additional shipping charges now. Fenty Beauty made waves for its hyper-inclusive shade range and Rihanna's exceptional foundation formula. Now it iconic range of products also includes lip luminzers and highlighers. The big business move by Rihanna testifies India as a key market player in the global beauty industry, and an increased appetite for luxury in the region. The move also comes over a year after Rihanna performed (her first performance after a 8-year hiatus) at Anant Ambani and Radhika Merchant's wedding celebrations in Jamnagar.
