Now, cheaper domestic & global flights from Delhi

Air tickets for passengers flying in and out of the Delhi airport will become cheaper after the Union government ordered a reduction in airport charges by 89.40%.

According to the new tariff structure effective from July 7, a User Development Fee (UDF) of Rs. 10 and Rs. 45 will be levied on outbound domestic and global passengers, respectively, at Delhi airport. Interestingly, the UDF for the outbound passengers has also been slashes to Rs 10 and Rs 45 for domestic and global flyers respectively. For worldwide flights, it will be as cheap as Rs 45 from Rs 1,335 per ticket.

The domestic as well as worldwide flights from Delhi will now be cheaper.

Tallgrass Energy Partners, (TEP) Earning Favorable News Coverage, Analysis Finds
On average, analysts anticipate that Tallgrass Energy Partners, LP will post $3.33 earnings per share for the current fiscal year. Out of 9 Wall Street analysts rating Tallgrass Energy Partners LP, 5 give it "Buy", 0 "Sell" rating, while 4 recommend "Hold".

However, it will take some time for the new UDF rate to reflect in the airline system, GMR Airports President Sidharth Kapur was quoted as saying.

The reduction in the airport charges follows an order passed by the Supreme Court on July 3.

Terming the Supreme Court order slashing the User Development Fee for passengers leaving from Delhi to ₹ 10 (net of taxes) and the abolishing the fee for arriving passengers as a " welcome step" for passengers, Sharat Dhall, Chief Operating Officer, (B2C) Yatra.Com told Business Line that it will result in a significant drop in air fares.

James Harden, Rockets progressing toward biggest contract extension in National Basketball Association history
On June 20, the Houston Chronicle's Jonathan Feigen first reported the Rockets planned to sign Harden to another extension. Paul helped recruit Tucker to Houston as they two have been friends since their AAU days growing up in North Carolina.

Airport charges are fixed for five-year duration, known as the control period.

The AERAI had allowed DIAL to hike airport charges by 346%, during the first control period (2009-14). "We will talk to the aviation ministry, Airports Economic Regulatory Authority (AERA) and other stakeholders next week".

The process of fixing charges for 2014-19 was initiated by the AERAI.

CIRCOR International (CIR) Receiving Positive Press Coverage, Analysis Finds
Energy provides engineered integrated flow control solutions, valves and services primarily in the gas and oil end market. The company has a market capitalization of $982.38 million, a price-to-earnings ratio of 89.03 and a beta of 1.69.

Download the News Nation Mobile App and stay connected with top stories from India and around the world.

Recommended News

  • Carl Ikeme: Wolves goalkeeper diagnosed with acute leukaemia

    Carl Ikeme: Wolves goalkeeper diagnosed with acute leukaemia

    A section of the message reads: "I wish Carl and his family all the strength in the world". Im sure his teammates and club will be there too, and all their fans.
    Ainge on Celtics making more offseason moves: 'We're not comfortable yet'

    Ainge on Celtics making more offseason moves: 'We're not comfortable yet'

    Either way, whether you agree with it or not-Bradley is being traded and fans will have to see how it all plays out. The Celtics are losing 16 points a game from Avery Bradley and 9 points a game from Kelly Olynyk .
    Man United prepare £50m second bid for Spurs star

    Man United prepare £50m second bid for Spurs star

    So where does that leave United? Another defensive midfielder that is likely to join United in the summer is AS Monaco's Fabinho. On Saturday, however, the Red Devils have received push back from two clubs habouring targets: Chelsea and Tottenham .
  • The Amalgamated Bank Purchases 621 Shares of Assured Guaranty Ltd. (NYSE:AGO)

    June 8 investment analysts at Macquarie kept the stock rating at "Outperform" but moved up the price target from $32.00 to $34.00. The Chief Risk Officer now owns $4,679,408 of the stock per an SEC filing yesterday. 43,117 are held by Fincl Counselors.

    (FII) Shares now down at $28.41 Federated Investors, Inc. Announces…

    It turned negative, as 31 investors sold FII shares while 90 reduced holdings. 88 funds opened positions while 253 raised stakes. Fca Corp Tx holds 0.74% of its portfolio in Nuveen Intermediate Duration Munpl Tm Fd for 117,012 shares.
    McConnell, Paul still at odds over health bill

    McConnell, Paul still at odds over health bill

    This week, despite seven years' worth of promises to "repeal and replace" ObamaCare , Republicans attacked Democrats for refusing to assist them.
  • State Street Corporation (NYSE:STT) Shares Sold by UBS Group AG

    A number of other hedge funds also recently modified their holdings of STT. 85 funds opened positions while 212 raised stakes. On average, analysts predict that State Street Corporation will post $5.92 earnings per share for the current fiscal year.
    UFC 213 fight card: Full fight list for Nunes vs. Shevchenko 2

    UFC 213 fight card: Full fight list for Nunes vs. Shevchenko 2

    Whatever lessons were learned in that first tilt need to be brought to the forefront of their minds. Whittaker is a sharper and more disciplined striker with fast reactions and pinpoint countering.
    Mother accused of frenzied mass stabbing murder

    Mother accused of frenzied mass stabbing murder

    Deon Washington said Thursday that Martinez is the "primary suspect", and that authorities are "not searching for anyone else". Police have have charged the children's mother, Isabel Martinez, with numerous counts, including murder and malice murder.
  • Barings LLC Has $794000 Position in DISH Network Corporation (NASDAQ:DISH)

    Another trade for 8,878 shares valued at $549,548 was sold by Schlichting Warren. $65,706 worth of Equinix, Inc. DISH Network Corporation (NASDAQ:DISH) CATV Systems has a Current Ratio of 2.1 with a Quick Ratio value of 2.
    Renewable generation beats nuclear for two consecutive months

    Renewable generation beats nuclear for two consecutive months

    EIA forecasts renewables to surpass nuclear again during the summer months, but overall in 2017, nuclear will generate more power. In April, solar generation continued to increase, while wind generation fell slightly.
    Wolfsburg bring in teenage Arsenal striker Kaylen Hinds

    Wolfsburg bring in teenage Arsenal striker Kaylen Hinds

    Hinds is the latest Gunners' youngster to move overseas with Chris Willock signing a five-year deal with Benfica last month. The forward will join up with the Gunners' former academy head Andries Jonker in Germany.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.