Business

Pakistan Airspace Closure News: The last time Pakistan closed its airspace for an extended period — in 2019 following the Balakot airstrikes — Indian airlines lost around Rs 700 crore due to higher fuel expenses and operational complications that came with longer routes many of their flights were forced to take. Source

In Mumbai, the price of gold on May 2 fell to Rs 87,740 per 10 gram for 22-carat and Rs 95,720 per 10 gram for 24-carat. Source

TCS has updated its associate deployment policy, mandating employees to be billable for 225 days annually and limiting bench time to 35 days. The poli Source

The raids were conducted at the company’s premises in Delhi, Gurugram and Ahmedabad under the provisions of the Foreign Exchange Management Act (FEMA). Source

Unlisted shares of Ather Energy are trading at Rs 321 apiece, which is a zero premium (GMP) over the IPO price of Rs 321, indicating flat or negative listing gains for investors. Source

India Business News: Stock market recommendations: Mirae Asset Sharekhan’s Somil Mehta recommends buying Apollo Hospitals and Persistent. Apollo Hospitals, currently tradi Source

FM Sitharaman met business leaders in the US tech and business hub of San Francisco. In the ‘Golden City’, the minister discussed and explored bilateral cooperation and investment opportunities. Source

Income Tax Return Filing AY 2025-26: As the income tax department has notified the ITR-1 and ITR-4 forms, the ITR filing is expected to start next week, according to experts. Source

India Business News: The National Payments Corporation of India (NPCI) has reduced the response time for various stages of Unified Payments Interface (UPI) transactions to Source

India-US Trade Deal News: According to a New York Post report, Bessent told a group of journalists on Wednesday that trade talks with India are “very close” to reaching a successful conclusion as it doesn’t have “so many high tariffs.” Source