AVIATION TARIFFS
Global airlines pile on India capacity as US-Europe traffic drops
International carriers are increasing routes to India due to weaker transatlantic demand, spurred by global economic uncertainties. Delta Air Lines plans new services from Atlanta to Delhi and a code-sharing pact with IndiGo.
Airline profit will increase despite head winds of geopolitics and trade wars
International Air Transport Association projects airline profits to rise to $36 bn in 2025. This is due to lower fuel prices. Passenger numbers are expected to reach a record 4.99 bn. Geopolitical unrest and airspace closures pose threats. Delay in aircraft delivery is also a concern. Passenger revenues will increase to $693 bn.
Morgan Stanley, Walmart, Pfizer and more: Full list of over 150 American companies laying off employees in June
The US workforce is facing significant job cuts in June 2025, following widespread layoffs in the first quarter. Reports suggest nearly 160 companies across retail, pharmaceuticals, airlines, and other sectors are planning reductions. Federal agencies and corporate restructuring contribute to the economic uncertainty, exacerbated by tariffs. Here's a look at various American companies laying off employees in June.
Brazil's Embraer eyes stronger India foothold, begins talks with Air India, IndiGo
Embraer sees significant growth potential in India across commercial, business, military, and eVTOL aircraft segments. CEO Francisco Gomes Neto said the company is in talks with IndiGo and Air India to sell its E2 jets and has opened a fully-owned subsidiary in Delhi. Embraer aims to tap into India's supply chain, expand hiring, and deepen its defense partnerships, including collaboration on the Indian Air Force’s MTA program.
Pakistan airspace ban adding to flying costs, says Air India CEO Campbell Wilson
Air India CEO Campbell Wilson said the ongoing ban on Indian airlines using Pakistani airspace is increasing flight times by about an hour on westbound routes, impacting the airline’s profitability but not halting non-stop services to North America and Europe. The ban follows recent military tensions between India and Pakistan, which ended with a ceasefire on May 10.
Key climate target of airline decarbonisation 'in peril': IATA
IATA warns that the airline industry's 2050 decarbonisation target faces challenges. Policies favouring fossil fuels are slowing progress. Sustainable Aviation Fuel is crucial but expensive. Investment of $4.7 trillion is needed.
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British Airways readies big new India plan, eyes more routes & flights to cash in on FTA-driven biz boom
British Airways, with a century-long presence in India, is set to expand its routes and flight frequencies, capitalising on the India-UK free trade agreement. The airline currently operates 56 weekly flights from five Indian cities and plans to reinstate first-class seating on Mumbai-London Heathrow flights in October.
Trump accuses China of violating trade deal, doubles steel and aluminum tariffs
President Trump accused China of violating a tariff rollback deal, escalating trade tensions by doubling steel and aluminum tariffs to 50%. He claimed China was slow-rolling export licenses for rare earth minerals, critical for U.S. industries. Despite ongoing concerns and stalled trade talks, both nations express hope for resolution through direct engagement between Trump and Xi.
Turbulence ahead: Elon Musk exits from DOGE, but now trouble awaits him at Tesla, SpaceX, and X
Elon Musk is refocusing on his businesses after his time in Washington, facing challenges at Tesla, where profits have plummeted amid rising competition and brand damage. X, formerly Twitter, is striving to revive its advertising revenue. SpaceX faces setbacks despite high valuations, while Starlink's future deals remain uncertain without political influence.
Global airlines to address trade war, net-zero uncertainties at annual summit
Airline bosses are convening in New Delhi amidst concerns over Donald Trump's policies, which have negatively impacted travel to the US and potentially increased aviation costs. Protectionist measures and geopolitical tensions are creating uncertainty, affecting traffic and profitability projections.
Market surge leads to Rs 50,000 crore worth stake sales by promoters and shareholders
Shareholders are selling company stakes. This follows a stock market recovery. Over ₹50,000 crore in shares have been sold this month. Deals involve companies like ITC, Bharti Airtel and IndiGo. Experts believe this trend will continue. Positive market sentiment and easing global concerns are driving the sales. Several companies are planning to raise funds soon.
Fare play! Adani seeks single tariff for Mumbai, Navi airports
Adani Airport Holdings Ltd has requested the government to treat Mumbai and Navi Mumbai airports as one for tariff calculations. This parity in charges could boost traffic at Navi Mumbai airport. The move aims to address concerns about higher fees deterring airlines from using the new facility. The proposal is under consideration with AAI and Cidco.
Adani proposes uniform charges for Mumbai, Navi Mumbai airports
Adani Airport Holdings Ltd (AAHL) has requested the government to treat Mumbai and Navi Mumbai airports as a single entity for tariff calculations. This proposal aims to equalize charges, potentially boosting traffic at the newer Navi Mumbai airport, where AAHL has invested significantly.
Ahead of Market: 10 things that will decide stock market action on Wednesday
Indian markets ended lower Tuesday as the Sensex fell 624 points and Nifty declined 175, dragged by profit booking in Financial and IT stocks amid weak global cues and muted FII activity. Mid- and small-cap stocks showed resilience, backed by strong Q4 results.
Forget tariffs—foreign tourists pay in forex, smile in return
India should prioritize inbound tourism as a powerful, geopolitically stable export sector. Unlike manufactured goods, tourism isn't affected by tariffs or trade disputes. By investing in marketing, simplifying visas, improving infrastructure like high-end trains, and promoting unique cultural experiences, India can significantly boost forex earnings and create inclusive jobs, making tourism a key driver for economic growth.
France, Vietnam set to sign dozens of deals as Macron visits Hanoi
Emmanuel Macron visits Vietnam to sign deals. This aims to boost France's influence. Vietnam faces pressure from US tariffs. Macron's visit includes business executives. They will sign agreements in aviation and energy. European officials urge Vietnam to consider EU interests. Airbus may secure a deal with VietJet. Vietnam is also considering buying Boeing planes. This could impact Airbus's market share.
PL Capital highlights 21 stocks with upside potential up to 35% as market digests geopolitical risks
Indian equities have rebounded sharply, driven by easing global tensions and strong earnings. PL Capital has identified 21 stocks with up to 35% upside, citing improving demand, favorable monsoon, and supportive macro trends despite global risks.
Large & midcaps give a photo finish on 1-year returns, smallcaps trail by margin
Large and midcap indices delivered similar 1-year returns, with Nifty Midcap 100 slightly outperforming Nifty 100 though the the 50-stock Nifty has a superior 12-month return of 10%. FIIs favoured largecaps amid expensive mid- and smallcap valuations, driving market preference toward stability. Smallcaps underperformed due to valuation concerns. Divi's Labs, BSE and PG Electroplast have been toppers in respective categories.
PSU banks, select private lenders remain attractive despite global market jitters: Chakri Lokapriya
Chakri Lokapriya discusses the potential impact of US fiscal deficits and RBI surplus on the Indian market, highlighting opportunities in defence and infrastructure. He suggests caution with IndusInd Bank due to operational uncertainties and favors financials and industrials, particularly PSU banks and EPC companies. While pharma faces US tariff concerns, companies like Sun and Cipla offer potential upside.
Market to turn highly selective after mixed earnings season: Dipan Mehta
Dipan Mehta of Elixir Equities notes a mixed earnings season with disappointments in major sectors like banking and software. However, urban consumption shows promising signs in QSR, retail, hospitality, healthcare, and travel. Mehta advises selectivity, favoring pharma companies with differentiated models, particularly CDMOs, while remaining cautious due to potential tariff impacts and base effects.
Keeping countries company: Deglobalisation does not alter the need for corporate nationality— it actually reinforces it
In an increasingly globalized world, corporate citizenship and nationality remain crucial, especially for multinational corporations. Geopolitical tensions and security concerns influence how countries perceive and treat foreign companies, impacting their operations and market access. Corporate nationality serves as a powerful tool for branding, market access, and navigating complex global landscapes, reinforcing its significance in both integrated and retracted economies.
Multibagger or IBC - Part 6: Will change in focus to EV make this auto ancillary company a major automaker?
The year was 2016. At a time most of its peers were wondering how they could adapt to survive the EV transformation in the auto sector, this auto ancillary had not only made the pivot but had actually switched to becoming an EV OEM. That year, it launched its first electric bus! In addition, today, as rivals are worrying about US tariffs, this company is doubling down on India and select international markets through a mix of aggressive tender wins, strategic JVs, and capital infusion from global institutions.
For Trump, adulation and no risk of protests made the Gulf a dream trip
Donald Trump had a successful trip to Saudi Arabia, Qatar, and the United Arab Emirates. He received praise and investment pledges. Gulf leaders lauded Trump's policies. They highlighted deals with American companies. Trump announced over $2 trillion in economic investments. He held campaign-style rallies. Trump also downplayed concerns about his family's business dealings.
Selectively position in largecaps, avoid over enthusiasm: Sudip Bandyopadhyay
The entire trade war scenario which was developing around us with the US president going on about it, things are cooling down a bit. With their kind of truce with China for 90 days, with very reasonable tariffs on both the sides augurs definitely well for US economy and the global economy as well.
Kotak Equities reshuffles model portfolio; adds IndiGo, Pidilite; reduces Dabur. Here’s what changed
Kotak Institutional Equities rebalanced its model portfolio, raising weights in InterGlobe Aviation and Pidilite Industries while dropping Dabur due to poor execution. Despite geopolitical tensions, markets remain resilient with strong FPI inflows. However, Kotak stays cautious on high valuations, muted earnings growth, and pressures in mid- and small-cap stocks.
China removes ban on Boeing deliveries after US trade truce
Following a breakthrough in trade negotiations with the US, China has lifted its month-long ban on airlines accepting Boeing aircraft deliveries. This decision, communicated to domestic carriers and government agencies, allows airlines to schedule deliveries independently.
First round of Free Trade Agreement talks between India, New Zealand concludes
India and New Zealand are currently engaged in discussions for a potential Free Trade Agreement. These talks aim to enhance trade and investment between the two nations. Negotiations resumed in March 2025 after a decade-long pause. The FTA seeks to unlock new opportunities for businesses and consumers. Disparities in tariff structures and demands for dairy market access pose challenges.
AERA revises tariffs, differential UDF for eco, biz passengers on intl flights from Mumbai airport
Airports Economic Regulatory Authority of India has revised User Development Fee at Mumbai airport. Domestic passengers will pay Rs 175. International economy class passengers will pay Rs 615. Business class passengers will pay Rs 695. The new rates will be applicable from May 16, 2025, to March 31, 2029. Landing and parking charges for airlines have been reduced.
ETMarkets Smart Talk: VUCA environment is the new normal amid tariff, India-Pakistan tension — stay agile, stay invested, says Niraj Kumar
Clearly, we are living in a “VUCA” world and volatility is par for the course, but what makes these volatile times interesting is that we can capitalise on the opportunity to acquire good businesses at relatively favourable valuations.
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