Among the top stories today is the fragile truce agreed upon by Iran and Israel, which was welcomed by global superpowers. The development had a positive impact on equities market, with Indian indices settling in the green and Wall Street also opening higher.
Here’s a quick roundup of today’s key headlines:
MEA Welcomes Iran-Israel Ceasefire
India on Tuesday welcomed the ceasefire between Iran and Israel after nearly two weeks of hostilities, and called for diplomacy to resolve the multiple conflicts in the region.
“We welcome reports of a ceasefire between Iran and Israel and the role played by the US and Qatar in bringing it about,” the Ministry of External Affairs said in a statement, adding that India remains deeply concerned about the prospects for overall and sustained regional security and stability.
DGCA Gives Seven Days To Airlines To Fix Safety Lapses
The Directorate General of Civil Aviation has given airlines as well as airport operators in India seven days to fix critical safety issues after recent checks at major airports found several serious lapses, including aircraft defects. The inspection scrutinised critical areas such as flight operations, aircraft airworthiness, ramp safety, air traffic control systems, navigation, and pre-flight medical checks.
US Markets See Positive Start On Iran-Israel Truce
A positive start was seen for Wall Street on Tuesday, with the Dow Jones Industrial Average climbing over 280 points or about 0.6%, just after the opening bell. The tech-heavy Nasdaq Composite increased 0.9%, gaining about 176 points. The S&P 500 gained 0.7% to trade above 6,000 points.
Air India’s Operational Meltdown
In under two weeks, Air India’s international operations plunged into chaos, in the wake of the horrifying Ahmedabad crash that sparked rigorous fleet inspections, compounded by airspace closures over west Asia. On key routes like Delhi–Dubai, Air India offered non-stop one-way fares between Rs 12,000 and Rs 14,000. On longer-haul routes, Air India undercut legacy carriers significantly.
Adani Group’s Revenue Up By 7% In FY25
Adani Group’s consolidated revenues grew by 7%, Ebitda by 8.2%, and the net debt-to-Ebitda ratio remained healthy at 2.6x during the financial year ending March 2025, Chairman Gautam Adani said, addressing the group’s annual general meeting on Tuesday. Total revenues were Rs 2,71,664 crore, and adjusted Ebitda was Rs 89,806 crore during the period, he said.
Railways To Increase Train Ticket Prices
The Indian Railways is likely to hike fares for certain passenger trains from July 1, NDTV reported on Tuesday, citing sources. It is going to be the first hike in passenger train fares in many years. According to NDTV, prices for non-AC Mail/Express passenger trains will be increased by one paisa per kilometre from July. AC-class passengers will see a hike of two paise per kilometre in ticket prices. However, the new fare structure will not have any impact on suburban tickets, the report added.
Vodafone Idea Clarifies On Centre Mulling AGR Relief
Vodafone Idea on Tuesday clarified to the exchanges that it has not received any communication from the government regarding relief to the company over its pending adjusted gross revenue dues worth Rs 84,000 crore.
Mumbai Housing Most Affordable In 15 Years
An average household in Mumbai spent 48% of their income toward monthly installments of a home loan, versus 50% last year, according to Knight Frank’s affordability index for the first six months of 2025. That compares with below 30% in the National Capital Region and in Bengaluru, and 18% for Ahmedabad, making the country’s financial capital the least affordable housing market by far among India.
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