International News
IndiGo jostles with US-based Delta for most valuable airline tag
New Delhi, April 10: India’s biggest airline, IndiGo, overtook US-based Delta Airlines to become the world’s most valuable airline with a market capitalisation of $23.24 billion for a brief period, according to Bloomberg data.
IndiGo’s share price soared to a peak of Rs 5,265 during the day on Wednesday, taking the airline’s market cap past Delta’s $23.18 billion. The lead was short-lived, and by market close, IndiGo’s valuation slipped to $23.16 billion to end up in the second spot, a wee bit below Delta’s.
On Thursday morning, IndiGo shares were trading at Rs 5149.9 on National Stock Exchange. Shares of IndiGo have gained around 13 per cent so far this year, even as the broader Indian market suffered a slump due to external uncertainties.
IndiGo is currently the market leader in India with a 62 per cent share of the market pie.
IndiGo Airlines has also emerged as the world’s second fastest growing airline in terms of seat capacity, which increased by 10.1 per cent year-on-year to over 134.9 million seats in 2024. India’s largest airline has been ranked next only to Qatar Airways, which clocked a 10.4 per cent growth in seat capacity over the previous year, according to the latest data from Official Airline Guide (OAG).
IndiGo has also been ranked as the fastest-growing airline in the world in terms of flight frequency growth at 9.7 per cent year-on-year in 2024. The airline recorded a flight frequency of 749,156 for the year, the figures show.
OAG has also recorded that IndiGo holds one of the world’s largest aircraft orders, with over 900 aircraft on order, and was the largest recipient of 58 new Airbus aircraft during 2024. However, it also states that the airline does have a large proportion (approx. 80 aircraft) inactive with MRO-related supply chain issues.
While 88 per cent of IndiGo’s capacity is allocated to domestic markets, international growth is a key part of the airline’s strategy, with expansion during 2024 focused on regional Middle East markets and Thailand.
Long-term ambition for IndiGo includes the development of long-haul low-cost services – the airline is apparently considering bringing forward launch plans with wet lease aircraft identified for 2025.
IndiGo reported a net profit of Rs 2,449 crore in the Oct-Dec quarter of the current financial year ending on March 31, 2025. This represented an 18 per cent decline over the corresponding figure for the previous financial year. However, the airline’s revenue from operations increased 14 per cent to Rs 22,111 crore during the quarter.
IndiGo’s total income for the quarter was Rs 22,992.8 crore, which was a 14.6 per cent increase from the same period in the previous year.
The airline’s total expenses for the quarter were Rs 20,465.7 crore, which was a 19.9 per cent increase from the previous year.
The airline’s Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) rose 0.7 per cent year-on-year to Rs 5,178.6 crore.
IndiGo’s load factor for the quarter stood at 86.9 per cent, which was higher than the 85.8 per cent in the same period in the previous year.
International News
Iran’s draft proposal for US talks; demands ending war, removing sanctions, lifting naval blockade

Tehran, May 11: Iran’s latest draft proposal for talks with the United States calls for an immediate cessation of conflict on all fronts, a guarantee for no more “aggression” against Iran, and the lifting of US sanctions and naval blockade, the semi-official Tasnim news agency reported.
“The proposal highlights the need to immediately end the war, provide guarantees for the non-repetition of the aggression against Iran, and certain other issues within a political agreement,” Tasnim cited an informed source as saying.
It also demands a 30-day window for rescinding US sanctions on Iranian oil sales, and the release of Iran’s frozen assets following the preliminary agreement, it reported.
The United States and Israel conducted joint strikes on Tehran and other Iranian cities on February 28, killing Iran’s then Supreme Leader Ali Khamenei, senior Iranian officials and civilians. Iran responded with missile and drone attacks against Israel and US interests in the region and tightened control over the Strait of Hormuz, Xinhua news agency reported.
A ceasefire between the warring parties took effect on April 8, which was followed by talks between Iranian and US delegations in Pakistan’s Islamabad on April 11 and 12 that ended without an agreement. Later, the United States imposed its own blockade on the strait.
Over the past weeks, the two sides have reportedly exchanged several proposed plans outlining conditions for ending the conflict through Pakistan.
Earlier on Sunday, Iran’s official news agency IRNA reported that Iran’s response to the latest US proposal was sent to Pakistan. On Sunday evening, US President Donald Trump wrote on his Truth Social that the response is “totally unacceptable.”
“I have just read the response from Iran’s so-called ‘Representatives.’ I don’t like it — TOTALLY UNACCEPTABLE!” Trump wrote on his Truth Social, without elaborating.
Meanwhile, US Secretary of State Marco Rubio has said Iran needs to “make it clear” that they do not seek a nuclear weapon, which Washington sees as crucial to a peace deal.
International News
Operation Sindoor: Pakistan’s fake victory spectacle couldn’t hide crisis within terror groups

New Delhi, May 8: For Pakistan, ‘Operation Sindoor’ resulted in a loss of face. After terror infrastructure was hit hard by the Indian armed forces who were avenging the Pahalgam terror attack, Pakistan set out a fake narrative of emerging victorious.
Rallies and processions were taken out to create an impression that the Pakistan Army had hit back and won the battle. While the perception was created, the reality was something different.
An official said that events were strategically planned across Pakistan to commemorate fake victory. On the other hand, social media handles run by Pakistanis worked overtime to put out false narratives.
Following the conclusion of ‘Operation Sindoor’, Pakistan’s Army chief instructed the Shehbaz Sharif government to release Rs 500 crore. This money was then distributed evenly to federal governments, business and religious groups. All were asked to organise massive rallies across Pakistan. The programme mandate by the Pakistan Army was titled ‘Ashra-e-Tashakur Fateh-E-Muneeb,’ which means ten days of gratitude for a decisive victory.
To cement the fake claim further, Asim Munir even pressured the Sharif government to make him Field Marshal.
An Intelligence Bureau official said that while these rallies took place on a grand scale for ten days, something more serious was brewing within. Some of the rallies even focussed on thanking the Jaish-e-Mohammad and Lashkar-e-Tayiba for the so-called victory.
However, within the ranks of these two terror groups something serious was simmering. Both Hafiz Saeed and Masood Azhar had started to question the Pakistan Army and the ISI. They wanted to know what happened to the guarantees and protection that they had been assured. These groups have been operating with ease only due to the funds and protection that the Army and the ISI offer them.
During ‘Operation Sindoor’, the Jaish-e-Mohammad lost its Bahawalpur headquarters. Its chief Masood Azhar even lost most of his family members and several other cadres. The Muridke camp, which is the Lashkar-e-Tayiba’s primary training facility was blown to pieces during the Indian operation.
Both these terror groups, which have wrecked havoc in India, had not witnessed such a huge hit. There have been encounters and terrorists have been killed on Indian soil. However never have they been struck so hard and that, too, deep inside Pakistan.
Another official said that the impression that the Pakistan establishment sought to create in the aftermath of the operation worked among a few people, but clearly their proxies were not impressed. They knew what they had lost and the fact that the Army could not even defend them is what left them completely disgruntled. The official also said that many cadres, too, had started questioning their own leadership.
Officials say that all these factors led to rifts within these two terror groups and this explains why they are taking so long to rebuild.
During the numerous processions, the Army insisted that the cadres of the Lashkar-e-Tayiba and Jaish-e-Mohammad should take part. Many of them did, but in their minds, they knew what the reality was. In this desperation to show that Pakistan was victorious, the Army ended up showcasing to the world that globally banned terror groups such as the Jaish-e-Mohammad and Lashkar-e-Tayiba are welcome within the ecosystem of the establishment, the official added.
Pakistan watchers point out that it was nothing but desperation on part of the Army. It had to indulge in this circus and claim a false victory. In reality, the Pakistan Army and its chief were the hardest hit thanks to ‘Operation Sindoor’, the experts also point out.
International News
Tehran ready to pursue diplomacy to end war if rights safeguarded: Iran’s president

Tehran, May 7: Iran’s President Masoud Pezeshkian has said the country is ready to pursue diplomatic paths to end the war with the United States and Israel, while insisting on safeguarding the Iranian nation’s rights.
In a call with French President Emmanuel Macron on Wednesday (local time), Pezeshkian expressed deep distrust of the United States, citing recent hostile actions, including two attacks on Iran during bilateral talks, which he described as “stabbing Iran in the back,” according to a statement published on the website of his office.
The phone conversation came as Axios reported earlier in the day that the United States and Iran are closing in on a one-page memo to end their war, reports Xinhua news agency.
It said a potential deal would involve Iran committing to a moratorium on nuclear enrichment, and the United States agreeing to lift sanctions, with both sides lifting restrictions on transit through the Strait of Hormuz.
Iran, the United States and Israel reached the ceasefire on April 8 after 40 days of fighting that started with the US and Israeli attacks on Feb. 28.
Following the truce, Iran and the United States held one round of peace talks in Pakistan’s capital, Islamabad, on April 11 and 12, which failed to lead to an agreement.
Over the past weeks, the two sides have exchanged a number of proposed plans to end the war, with the latest one currently being reviewed by Iran.
Additionally, Iran has said it has not exchanged any new written messages with the United States, pushing back against reports that the two sides are close to a one-page agreement to end hostilities.
The semi-official Fars news agency called recent media reports “fabricated,” saying they were designed to influence global markets and drive down oil prices rather than reflect the situation on the ground.
Fars, citing two unnamed sources, said Iran has not yet responded to the latest US message, which was delivered through Pakistan. Iranian Foreign Ministry spokesman Esmaeil Baghaei said Tehran is still reviewing the US proposal and will respond after completing its assessment, according to the Iranian Students’ News Agency.
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