Bussiness

India Reopens 32 Airports After Ceasefire with Pakistan; Airlines Begin Flight Resumptions

Following a ceasefire between India and Pakistan, the Indian government has reopened 32 airports previously closed due to heightened military tensions. Airlines, including IndiGo and Air India Express, have begun resuming flights on key routes, with full operations expected to return over the coming days. The closures, which disrupted over 300 flights daily, were lifted after the situation stabilized post-‘Operation Sindoor’.

India Becomes Key iPhone Supplier for U.S. Market, Confirms CEO Tim Cook

Apple CEO Tim Cook announced that most iPhones sold in the U.S. during the June quarter will be manufactured in India, marking a major shift in Apple’s supply chain strategy amid U.S.-China trade tensions. While China remains a key production hub for markets outside the U.S., Cook emphasized the need for diversified manufacturing. India, which exported iPhones worth over Rs 1.5 lakh crore last fiscal year, is emerging as a crucial player, with Apple also planning to double its retail presence in the country.

GST Collections Hit Record ₹2.37 Lakh Crore in April, up 12.6%

India’s Goods and Services Tax (GST) collections reached a record ₹2.37 lakh crore in April 2025, marking a 12.6% year-on-year increase. This surpassed the previous record of ₹2.10 lakh crore set in April 2024. The surge in revenue includes ₹1.9 lakh crore from domestic transactions and ₹46,913 crore from import-related GST. After accounting for refunds, net GST revenue stood at ₹2.09 lakh crore, a 9.1% rise. Experts attribute the record collections to strong economic activity in March 2025, with broad-based growth across both producing and consuming states.

Amul Hikes Milk Prices by Rs 2/Litre Nationwide from May 1

Amul has announced a nationwide milk price hike of Rs 2 per litre across all fresh pouch variants, effective May 1, following a similar move by Mother Dairy. This translates to a 3–4% increase in MRP, still below average food inflation. The Gujarat Cooperative Milk Marketing Federation (GCMMF), which markets Amul, cited rising input and procurement costs as the reason. The revised prices aim to ensure fair returns to its 3.6 million milk producers, with 80 paise of every rupee paid by consumers going directly to farmers.

India’s Gold Demand falls 15% in Q1 2025 Amid Soaring Prices: WGC Report

India's gold demand dropped 15% year-on-year to 118.1 tonnes in Q1 2025, even as the value surged 22% to Rs 94,030 crore due to soaring prices, according to the World Gold Council. High prices impacted jewellery purchases, which fell 25%, but investment demand grew 7% amid market uncertainty. Despite the decline, cultural festivals and weddings continue to support overall sentiment.

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