Business
Domestic traffic expected to reach pre-Covid levels by end of FY23: DIAL

National capitals IGI Airport operator DIAL expects domestic traffic to reach pre-Covid levels by the end of FY23.
Accordingly, DIAL, expects the gradual rise on the back of improvement in Covid situation and the high level of vaccinations being achieved.
“We may expect the domestic traffic to reach pre-Covid level by the end of FY23,” DIAL said in a whitepaper.
“However, given the situation, we do not see International traffic reaching pre-Covid levels, until FY24.”
Besides, it expects the increase in vaccination pick up across the globe and lower number of Covid cases in India to allow for relaxation in international travel, which will increase more flights and add new destinations.
“We may see adoption of common travel pass based on vaccination and testing status for International travel in coming months.”
“However, it is too early to comment on the resumption of scheduled International travel in next three months.”
On the current situation, DIAL said after a low during the second wave of Covid-19 pandemic, the air travel segment is showing signs of revival.
“Lifting up of travel restrictions following increase in vaccination numbers and low number of cases of Covid-19 infection, and ease in capacity limitation to airlines has given the much needed impetus to air travel.”
Furthermore, Delhi Airport has witnessed a gradual growth in passenger numbers in August.
According to data, during the first 10 days of August 2021, around 90,000 passengers travelled through Indira Gandhi International Airport per day.
“This is five times more than the passenger numbers as compared to mid May 2021 figure, when Delhi Airport handled around 18,000 travellers per day.”
“The number by the end of June 2021 increased to about 62,000 passengers per day.”
As per the whitepaper, once the severe impact of second Covid wave eased, people felt the need to travel to their respective homes or base locations.
“Thus, Visiting Family and Relatives (VFR) travel has pushed up the passenger numbers.”
“On the Business travel front, there has been a slight pickup in demand (with gradual opening of offices) but it is still very much subdued. The leisure travel (tourists) has also picked up, with opening of tourist destinations across the country.”
In July 2021, Delhi Airport handled around 2.29 million passengers, which is 60 per cent less than the figures of 5.80 million handled in the same month in 2019.
Similarly, air traffic movements, in July 2021, was also 45 per cent less than the figures of July 2019.
The Delhi Airport handled around 37,700 ATMs in July 2019, while in July 2021 it handled about 20,800 only.
National
Vishy Anand puts his weight behind Gukesh ahead of high-stake Norway Chess 2025

Mumbai, April 10: The youngest-ever world champion Gukesh Dommaraju will take on Magnus Carlsen – the world’s No. 1 player in a high-stakes contest — in the most highly-anticipated contest in the world of chess at this year’s Norway Chess 2025. The tournament will take place in Stavanger from May 26 to June 6.
Addressing an event hosted by the Norway Chess and Sports Journalists Association of Mumbai (SJAM) in Mumbai, five-time world champion Viswanathan Anand put his weight behind the prodigy from Chennai.
“I expect a very exciting battle. Gukesh will not lack motivation or the determination to go after Magnus Carlsen. But Magnus is also highly motivated by the challenge of playing against our young players. I’ve seen him in multiple tournaments whether it’s Kolkata or the World Rapid Blitz, he eagerly looks forward to these match-ups and so we have the perfect storm. I think we have the right to expect some great battles,” Anand said appearing at the event virtually.
Gukesh, 18, has achieved remarkable success in 2024, winning the Tata Steel Masters, leading India to gold at the Chess Olympiad, dominating the Candidates Tournament, and finally claiming the ultimate prize in classical chess: the World Championship title in Singapore last December.
This year’s Norway Chess will see a star-studded line-up featuring world No.1 and defending champion Magnus Carlsen (Norway), Hikaru Nakamura (USA), Gukesh D. (India), Fabiano Caruana (USA), Arjun Erigaisi (India), and Wei Yi (China) among the men.
The Norway Chess Women will feature reigning four-time Women’s World Champion Ju Wenjun (China), Lei Tingjie (China), Koneru Humpy (India), Anna Muzychuk (Ukraine), Vaishali Rameshbabu (India), and Sarasadat Khademalsharieh (Spain).
Norway Chess and Norway Chess Women, feature the same format, same prize money, and take place in the same playing hall. Both tournaments follow a 6-player double round-robin format.
From his own experience of playing at the Norway Chess, Anand highlighted the reasons behind Norway Chess being different from any other world event under FIDE’s calendar. This year, with the top 5 in the world participating in Norway Chess, the contest promises to be nail-biting for any chess aficionado following the tournament.
“It is one of the premier events in the sport of chess, and since Norway Chess began in 2013, it has kept on evolving very well. They continue to make the tournament very attractive a demonstration of what chess is all about. They always have some extra tweaks to make it very interesting, whether it’s the confessional booth or now the Armageddon. It’s a very innovative tournament, and the levels of competition are simply outstanding,” Anand said.
He further added, “And for Indian chess, the fact that we have four players, says a lot. On the men’s side, Indian chess is as strong as it’s ever been. Even more so obviously due to the depth we have. But it’s great that Koneru Humpy is still competing so successfully and that she’ll be joined by Vaishali as well, which bodes well for us.”
Visiting India to explore partnerships, Kjell Madland, the Managing Director and visionary behind Norway Chess expressed a keenness to expand further.
“Norway Chess is absolutely honoured to be hosting the Gukesh and Magnus clash, especially on the back of Gukesh’s incredible run of form. Both the champions will have a couple of chances to go after each other which bodes very well for Norway Chess,” he said.
“And hopefully, next year, Norway Chess can host this exact fixture in India as well, where there are so many champions. The quality of chess in India over the last ten years has been, and for sure, the sport would be poorer without the Indian champions,” he added.
Crime
Four including shooter arrested in BJP leader Anil Tiger’s murder case in Ranchi

Ranchi, April 10: The Ranchi Police have successfully solved the murder case of BJP leader Anil Mahato, also known as Anil Tiger, and have arrested four persons in connection with the case including the absconding shooter Aman, an official said. The investigation revealed that the murder was linked to a land dispute.
Ranchi DIG cum SSP Chandan Sinha held a press conference here on Thursday evening, revealing that a conspiracy to assassinate him was orchestrated by land dealer Devvrat Nath Shahdev, a resident of Kishore Ganj, Ranchi.
“Shahdev had a dispute with BJP leader Anil Tiger over the ownership of 10 acres of land in Gagi Khatanga village, under the Kanke police station area,” he said.
According to police, the investigation uncovered the involvement of seven individuals in the conspiracy — Devvrat Nath Shahdev, Abhishek Sinha, Rohit Verma, Aman Singh, Zeeshan Akhtar, Manish Chaurasia, and Ajay Kumar Rajak.
Among them, four persons — Aman Singh, Manish Chaurasia, Zeeshan Akhtar, and Ajay Kumar — have been arrested.
Anil Tiger was shot dead in broad daylight on March 26 around 4 p.m. while sitting inside a hotel at Kanke Chowk in Ranchi.
The killing sent shockwaves across the city, triggering widespread outrage. In protest, several political and social organisations called for a shutdown of Ranchi on March 27, which saw significant public response.
Following the murder, one of the two assailants, Rohit Verma, was arrested after a police encounter. However, his accomplice, Aman, had managed to flee and remained on the run for two weeks.
The Special Investigation Team (SIT), formed to probe the high-profile case, apprehended Aman with the help of the police technical cell.
Apart from Aman, two other individuals have been arrested for conducting a recce of the BJP leader and aiding the conspiracy. Raids were carried out at multiple locations to nab the suspects.
The police are also interrogating Sunny Singh, a known criminal from Kishore Ganj, Ranchi, who is currently in custody on remand.
Initially, Rohit Verma claimed during questioning that the murder was an act of revenge for the killing of criminal Santosh Jaiswal in Lohardaga district, allegedly carried out at Anil Tiger’s behest.
However, police have since found this to be a deliberate attempt to mislead the investigation.
According to the police, fresh evidence now points to a property dispute as the actual motive, with a land dealer believed to be the mastermind behind the assassination.
Business
US major BlackRock largest investor in Adani Group’s $750 million bond issue

New Delhi, April 10: US-based leading asset manager BlackRock is the largest investor in $750 million private bond issuance by the Indian behemoth Adani Group, informed sources said on Thursday.
According to people close to the matter, BlackRock’s move marks its first private placement in India’s infrastructure sector. BlackRock’s involvement also signals that it does not anticipate any significant operational disruptions for the conglomerate stemming from the legal proceedings in the US.
BlackRock, which oversees $12 trillion in assets globally, has apparently taken on one-third of the $750 million issuance, which carries a tenure of 3-5 years.
Apart from BlackRock, five other institutional investors also participated in the Adani Group’s latest capital raise.
As per sources, the $750 million bond issue of Renew Exim DMCC, a wholly-owned offshore entity of the Adani Group promoter family, is to be used to finance the acquisition of ITD Cementation and other growth avenues.
Aiming to bolster its engineering capabilities in the infrastructure sector, the Adani Group last year announced the purchase of a 46.64 per cent stake in ITD Cementation for Rs 5,888.57 crore from its promoters.
Renew Exim has since acquired an additional 20.81 per cent through an open offer at Rs 400 per share.
ITD Cementation, known for its work on key projects such as Jawaharlal Nehru Port Trust and ports in Tuticorin, Mundra, and Vizhinjam, is seen as a strategic asset for Adani’s long-term infrastructure ambitions.
According to BlackRock Chairman Larry Fink, “Infrastructure is one of the most exciting long-term investment opportunities, as a number of structural shifts re-shape the global economy”.
The Adani Group views the entry of the world’s largest investor as a strong vote of confidence, particularly at a time when its fundraising capabilities have been questioned due to the ongoing Department of Justice (DOJ) investigation in the US.
This marks the Adani Group’s second private dollar bond issuance. In February, the Group raised about $200 million for its Australian port operations.
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