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Mumbai International Airport Ltd, a subsidiary of Adani Airport Holdings, has secured a significant $750 million investment from a consortium led by Apollo-managed funds, aimed at refinancing existing debt. The investment, announced on Monday, includes an option to raise an additional $250 million. This funding follows a similar $750 million investment from a group of international banks earlier this month. Adani Airport Holdings, which manages eight airports across India and the upcoming Navi Mumbai International Airport, is expected to be spun off and listed by March 2027, according to a Bloomberg report. The Navi Mumbai project, strategically located on the outskirts of Mumbai, is set to become operational soon. Adani Airport Holdings and Adani Enterprises have not yet commented on the developments. 
Published: Jun 24 2025, 6 ameznews.inIn a recent meeting in Idukki, Kerala's Industries Minister P. Rajeeve announced plans to establish a special committee to address plantation-related issues, emphasizing an inclusive approach with representatives from law, revenue, and forest departments. The committee will coordinate under the Plantation Directorate and will specifically address the Forest Department's claims regarding the cardamom hills. Rajeeve assured support for farmer groups adopting improved agricultural practices and acknowledged concerns raised by Stany Pothen, Chairman of the Cardamom Planters Federation, regarding departmental positions that hinder farmers. The meeting also covered various issues faced by coffee, tea, and natural rubber farmers, including wage payments, construction permissions, and compensation for crop damage. Rajeeve highlighted the need for rule amendments to facilitate the establishment of processing units and pledged to escalate concerns about GST and wildlife attacks to the Chief Minister for further action.
Published: Jun 24 2025, 11 ameznews.inThe Indian stock market saw significant gains on June 24, 2025, with the SENSEX rising by 942.42 points to close at 82,839.21, while the NIFTY increased by 289.75 points, reaching 25,261.65. In contrast, crude oil prices fell by 351.00 to settle at 5,695.00, and gold and silver also experienced declines, with gold dropping by 1,725.00 to 97,663.00 and silver down by 959.00 to 105,800.00. Meanwhile, the Directorate General of Civil Aviation (DGCA) has cancelled its planned annual audit of Air India, which was scheduled for Tuesday, amid heightened scrutiny following a tragic plane crash that claimed 271 lives. The airline has also suspended operations to the Middle East, Europe, and the East Coast of North America due to escalating tensions between Israel and Iran, prompting the DGCA's decision to postpone the audit.
Published: Jun 24 2025, 11 ameznews.inSatyam Vyas, founder and CEO of Singapore-based consultancy Climate Asia, has announced ambitious plans to support one million beneficiaries in climate adaptation over the next five years, with a strong focus on agriculture. Through its Green Accelerator Program (GAP), the firm aims to empower civil society organizations (CSOs) working with smallholder farmers to promote climate-resilient practices and water conservation. Vyas emphasized the importance of grassroots solutions, particularly in India, where the organization is enhancing the capacity of CSOs to address climate vulnerabilities and promote gender equity. The newly launched Gender Accelerator Program provides expert coaching and fosters a community of practice among CSOs across nine states. Climate Asia's initiatives have already shown promising results, with 55% of participating CSOs aligning their strategies with climate resilience goals and nearly 70% integrating climate metrics into their operations, highlighting the potential for scalable, community-driven solutions to the climate crisis.
Published: Jun 24 2025, 10 ameznews.inThe Sensex surged by 862.25 points to close at 82,759.04, while the Nifty gained 208 points, reaching 25,179.90, reflecting a positive trend in the Indian stock market. In contrast, crude oil prices fell by ₹285 to ₹5,761, and gold and silver also saw declines, with gold dropping by ₹1,207 to ₹98,181 and silver decreasing by ₹806 to ₹105,953. Meanwhile, the Airports Economic Regulatory Authority (AERA) has approved an ad-hoc User Development Fee (UDF) for the upcoming Navi Mumbai airport, set to open later this year. Passengers will pay ₹620 for domestic flights and ₹1,225 for international flights, with disembarking fees at ₹270 and ₹525, respectively. This fee structure will remain in place until March 31, 2026, or until a regular tariff is established, as part of the interim measures for the 2025-26 financial year.
Published: Jun 24 2025, 9 ameznews.inS&P Global has upgraded India's GDP growth forecast for the fiscal year 2025-26 to 6.5%, an increase of 20 basis points, driven by expectations of a normal monsoon, declining crude oil prices, and strong domestic demand. In its Asia Pacific economic outlook report, S&P noted that many regional economies are benefiting from robust domestic consumption, with India experiencing a rebound after a recent slowdown. The forecast aligns with the Monetary Policy Committee's (MPC) estimate, which highlights sustained rural economic activity and growth in the services sector as key factors supporting demand. While trade policy uncertainties and geopolitical tensions pose risks, the MPC has also lowered its inflation forecast to 3.7%, citing a significant drop in retail inflation. Overall, S&P Global anticipates that India’s economic resilience will continue, bolstered by government capital expenditure and improving corporate balance sheets.
Published: Jun 24 2025, 9 ameznews.inSeveral Persian Gulf nations, including Qatar and the United Arab Emirates, have reopened their airspace and resumed operations at major airports following a temporary halt due to Iranian airstrikes on a US base in Qatar. Qatar initially restricted flights as a precaution, prompting Bahrain, the UAE, and Kuwait to follow suit. The disruptions lasted several hours, causing numerous aircraft to divert from key hubs like Dubai and Doha. Emirates Airlines reported rerouting some flights but confirmed no diversions, stating it would continue operations using safe flight paths. Qatar Airways, significantly affected by the closures at Doha's Hamad International Airport, announced the resumption of flights and increased ground staff to facilitate operations. This incident marks the first significant aviation disruption in the Gulf region in 20 months amid ongoing regional tensions.
Published: Jun 24 2025, 9 ameznews.inA total of 11 flights between Chennai and various Gulf destinations were cancelled from Monday evening to Tuesday morning due to the ongoing closure of Iranian airspace. According to sources at Chennai airport, five flights arriving from the Gulf and six departing to the region were affected. Notable cancellations included Qatar Airways' flight from Doha and Indigo's flights from Doha, Kuwait, and Abu Dhabi, as well as Air India Express' arrival from Kuwait. On the departure side, Indigo cancelled flights to Muscat, Kuwait, Abu Dhabi, Dubai, and Doha, while Qatar Airways also scrapped its morning flight to Doha. The airspace closure has significantly disrupted travel plans for passengers, highlighting the ongoing impact of geopolitical tensions in the region.
Published: Jun 24 2025, 8 ameznews.inIndia has made a notable advancement in the UN Sustainable Development Solutions Network's latest Sustainable Development Report, achieving the 99th position out of 193 countries and marking its inaugural entry into the top 100. The report, released on Tuesday, indicates that India scored 67 on the 2025 SDG Index, surpassing its neighbours Bhutan (74th), Nepal (85th), and Bangladesh (114th), while Pakistan ranked 140th. Despite this progress, the report highlights a global stagnation in achieving Sustainable Development Goals (SDGs), with only 17% of targets on track for completion by 2030. The authors, led by economist Jeffrey Sachs, noted that conflicts and fiscal constraints hinder progress worldwide. European nations dominate the top rankings, with Finland leading, while the US ranks last for the second consecutive year. The report underscores the urgent need for reform in the global financial architecture to better support emerging economies.
Published: Jun 24 2025, 8 ameznews.inIndia-based airlines have halted all flight operations to the Middle East and beyond in response to Iran's military strikes on US bases in the Gulf region. Air India announced the suspension of its westbound international flights, affecting routes to the Middle East, the east coast of North America, and Europe, with immediate effect. The airline is diverting India-bound flights from North America back to their origins and rerouting others away from closed airspaces. Air India Express also reported diversions, including a flight from Kochi to Doha redirected to Muscat. IndiGo confirmed disruptions to flights arriving and departing from several Middle Eastern cities, while Akasa Air cancelled flights to and from Doha, Kuwait, and Abu Dhabi for June 23rd and 24th, 2025. Airlines are closely monitoring the situation and prioritizing the safety of passengers and crew amid the escalating tensions.
Published: Jun 24 2025, 1 am
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