Business
Significant Rise in Cargo Volume at Major Airports
Minister for Ports, Shipping, and Waterways Sarbananda Sonowal stated in a written response to the Rajya Sabha that the development of infrastructure and capacity enhancement at major ports is an ongoing initiative. This includes the construction of new berths and terminals, modernization of existing ones, capital dredging to deepen drafts for accommodating larger vessels, and improvements in road and rail connectivity. Moreover, the Vadhavan Port in Maharashtra has been approved for development as the country’s premier mega container port, designed to handle the latest generation of large container ships.
Following consultations with major ports, state maritime boards, as well as the Ministry of Railways and the Ministry of Road Transport and Highways, 107 connectivity infrastructure gaps for both major and non-major ports have been identified. These have been included in the Comprehensive Port Connectivity Plan (CPCP) developed by the Department for Promotion of Industry and Internal Trade (DPIIT) in September 2022. The aim of these projects is to improve connectivity between ports and domestic production and consumption centers.
In a press release, Adani Airports stated that the decision follows the government’s revocation of Celebi’s security clearance: “We have terminated the ground handling concession agreements with Celebi at Mumbai’s Chhatrapati Shivaji Maharaj International Airport (CSMIA) and Ahmedabad’s Sardar Vallabhbhai Patel International Airport (SVPIA).”
“As a result, Celebi has been instructed to promptly hand over all ground handling facilities to ensure seamless operations,” the company added.
Furthermore, they confirmed their commitment to providing uninterrupted service to all airlines through new ground handling agencies. “All existing Celebi employees at CSMIA and SVPIA will be transferred to the new agencies under their current employment terms. Ground handling operations at our airports will continue without disruption. We remain dedicated to maintaining high service standards and promoting national interests,” spokespersons for Mumbai and Ahmedabad Airports stated.
This termination decision was made following the Union government’s revocation of the Turkish firm’s security clearance. Previously, Adani Airport Holdings also ended its agreement with Turkish company DragonPass, which had allowed access to airport lounges.
This action aligns with recent geopolitical tensions, particularly Turkey’s support for Pakistan after the Pahalgam terror attacks and India’s subsequent ‘Operation Sindoor’ aimed at addressing the situation.
“Our partnership with DragonPass, which provided lounge access, has been discontinued with immediate effect. DragonPass customers will no longer have access to lounges at Adani-managed airports. This change will not affect the lounge experience for other travelers,” the Adani Airport Holdings spokesperson remarked.
In a notification issued on Thursday, the Ministry of Civil Aviation announced that “in the exercise of power conferred upon DG, BCAS, the security clearance for Celebi Airport Services India Pvt Ltd is hereby revoked with immediate effect in the interest of National Security.”
The total value of exports, which includes both merchandise and services, is estimated at $73.80 billion for April, marking a growth of 12.70% compared to the previous year. Total imports for goods and services are projected at $82.45 billion, reflecting a 15.72% increase.
Commenting on these figures, Commerce Secretary Sunil Barthwal expressed optimism for sustaining the current momentum in exports.
In April, services exports were valued at $35.31 billion, up from $30.18 billion in the same month last year, while services imports were estimated at $17.54 billion, compared to $16.76 billion a year earlier. The growth in services exports is estimated at 17.01% year-on-year.
Non-oil imports for April reached $44.20 billion, up from $37.99 billion in the same month last year. Additionally, India’s engineering goods exports rose to $9.51 billion in April 2025, compared to $8.55 billion in April 2024.
Notably, despite tariff challenges, India’s exports to the US climbed to $8.42 billion in April, up from $6.61 billion in the same period last year.
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The stock market experienced a significant midday boost on Thursday, driven by strong buying interest, as the Nifty crossed the 25,000 mark for the first time since October 17, 2024. The Sensex closed up 1,200 points, or 1.48%, reaching 82,530.74, while the Nifty 50 saw a gain of 395 points, or 1.60%, closing at 25,062.10.
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The BSE Midcap index increased by 0.67%, and the Smallcap index rose by 0.94%. The total market capitalization of BSE-listed companies climbed to ₹440 lakh crore, up from nearly ₹435 lakh crore in the previous session.
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All sectors reported gains, with Nifty Bank rising by 1% and the Financial Services index up by 1.29%. Additionally, Nifty Realty, Auto, and Metal indices saw gains close to 2% each. Among the Nifty 50, 49 stocks finished higher, with Hero MotoCorp leading at a 6.17% increase, followed by JSW Steel at 4.82%, and Tata Motors at 4.30%. IndusInd Bank was the only stock in the Nifty 50 to decline, falling by 0.17%.
Over 80 stocks on the BSE reached their 52-week highs, including Anupam Rasayan, Godfrey Phillips, Shree Cements, ICICI Bank, APL Apollo, Bharat Electronics, Dalmia Bharat, Max Financial, Aster DM Healthcare, Solar Industries, and JK Cement.
Shares of Astra Microwave surged over 12% following the announcement of fundraising plans. Tata Motors rebounded from losses incurred on Wednesday, climbing 3.62% in Thursday’s trading. Hero MotoCorp stocks rose more than 6% intraday, buoyed by a strong Q4 performance, rural demand, plans for electric vehicles, and solid financial results.
Gold prices recovered from earlier losses, with spot gold steady at $3,179.07 per ounce as of 1102 GMT.
In global markets, Wall Street wrapped up mixed with the S&P 500 slightly up after fluctuating between gains and losses in a subdued session, as investors awaited upcoming economic data. In Asia, stocks fell for the first time in five days, while European indices also declined.
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