Private airports ask govt for increase in user fees, concessions in revenue share payments

by Hansraj Agrawal | Apr 30, 2026 | Business

Earlier this month the Civil Aviation ministry introduced a slew of measures to support domestic airlines
| Photo Credit:
REUTERS

Mumbai: Private airports have asked for an increase in user development fees from international passengers to compensate for the loss in revenue due to 25 per cent reduction in landing and parking charges of domestic flights ordered by Airports Economic Regulatory Authority.

This is one of the suggestion proposed by the Association of Private Airport Operators (APAO) to the Civil Aviation ministry.

Tariff Burden

APAO has said airports are contractually obligated to remit revenue share / per passenger fee to the Airports Authority of India (AAI) as per the respective concession agreements. In the absence of any corresponding interim relief on these outgoings, the burden of the tariff reduction disproportionately rests on airport operators, it said.

“While the provision for future true-up of under-recoveries in subsequent tariff periods is acknowledged, the immediate cash flow impact is significant. The mismatch between current revenue loss and future recovery places substantial strain on airport operations and debt servicing, particularly given the high fixed-cost nature of airport infrastructure,” APAO has said in a submission on Thursday.

Revision Required

The association has suggested that revenue share/per passenger fee amount equal to reduction in landing and parking charges could be deferred by AAI. Similarly it has asked the government to direct AERA to immediately revise landing and parking charges after the relief period.

Earlier this month the Civil Aviation ministry introduced a slew of measures to support domestic airlines. Along with limiting price hike of jet fuel to 25 per cent, AERA also ordered 25 per cent reduction in landing and parking charges at major airports.

Published on April 30, 2026

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Adani Ports Q4 net profit rises 10% on strong revenue, cargo growth

by Hansraj Agrawal | Apr 30, 2026 | Share Market

Adani Ports and Special Economic Zone’s (APSEZ) recorded a 10.44 per cent jump in net profit to ₹3,329 crore for the fourth quarter of the financial year 2025-26 (Q4FY26), backed by higher earnings across domestic and international ports, logistics, and marine verticals as well as an increase in cargo handled by the company.

Revenue from domestic ports increased 26 per cent year-on-year (Y-o-Y) to ₹10,738 crore. Revenue from international ports jumped 58 per cent Y-o-Y to ₹1,422 crore. Revenue from logistics rose 10 per cent Y-o-Y to ₹1,133 crore and that from marine zoomed 101 per cent Y-o-Y to ₹726 crore).

APSEZ’s overall revenue from operations for the quarter under review stood at ₹10,737.6 crore, up 26.5 per cent Y-o-Y. Earnings before interest, taxes, depreciation, and amortisation (Ebitda) grew 20 per cent Y-o-Y to ₹6,020 crore at a margin of 56 per cent.

The company exceeded Bloomberg analysts’ poll estimate expectations for Q4FY26 profit of ₹3,159.9 crore. It also topped the analysts’ revenue estimate of ₹9,683 crore.

Sequentially, APSEZ’s revenue grew by 10.64 per cent, while profit increased by about 9.02 per cent. Its shares listed on the BSE closed at ₹1,655.15 per equity share on Thursday.

In Q4FY26, APSEZ handled a cargo volume of 133.4 million metric tonnes (mmt), up 13 per cent Y-o-Y. The company’s domestic volume remained flat Y-o-Y at 111.7 mt, versus 111.9 mt in Q4FY26. However, APSEZ’s international volume jumped 262 per cent Y-o-Y to 21.7 mt.

The company’s all-India market share declined by 30 basis points (bps) during the quarter, while its all-India container market share and rail volumes dipped by 110 bps and 1 per cent, respectively.

For FY26, APSEZ’s revenue stood at ₹38,735.77 crore, up 27.1 per cent Y-o-Y, while its profit for the same period stood at ₹12,806.21 crore, up 15.45 per cent Y-o-Y. Ebitda stood at ₹22,851 crore, up 20 per cent Y-o-Y. In FY26, the company handled a cargo of 500.8 mmt, up 11 per cent Y-o-Y.

The company spent ₹15,320 crore in capex during FY26.

The company beat its revenue guidance of ₹38,000 crore for FY26, Ebitda guidance of ₹22,800 crore, and capex guidance of ₹11,000 crore to 12,000 crore. The company, however, fell short of its port cargo volume guidance which was set at 505 to 515 mmt.

“Our strong performance during the quarter underscores the resilience of our business model and the disciplined execution of our strategy. Despite the geopolitical volatility and ongoing global tariff uncertainty, we surpassed our FY26 guidance, led by record 500 mmt port cargo volumes. Logistics and Marine businesses also grew rapidly at 55 per cent and 134 per cent, respectively during the year,” said Ashwani Gupta, whole-time director and chief executive officer, APSEZ.

FY27 guidance

The company aims to handle 1 billion mt of cargo annually by 2030. Its current cargo handling capacity stands at 653 mt per annum.

“APSEZ has built a strong platform to more than double revenue and Ebitda by FY31. This is underpinned by us reaching one billion tonnes of port cargo by December 2030, rapid scale-up of asset-light & assetzero services, and expansion of marine fleet. Disciplined capital allocation will ensure that future capex is funded via internal accruals, while preserving flexibility for selective inorganic growth,” Gupta added.

The company has guided its FY27 revenue to be ₹43,000 crore to 45,000 crore (up 11-16 per cent Y-o-Y), Ebitda at ₹25,000 crore to 26,000 crore (up 9-14 per cent Y-o-Y), and capex at ₹12,000 crore to 14,000 crore.

For net debt-to-Ebitda, the company aims to stand at within 2.5x limit for FY27. APSEZ’s net debt as of March 31, 2025 was ₹42,910 crore, while its net debt-to-equity stood at 1.9x. The company reported a cash balance of ₹12,193 crore.

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Rajasthan farmers appeal Centre to buy 100% chana or reimburse difference

by Hansraj Agrawal | Apr 30, 2026 | Business

Dry Organic Kala Chana Desi Chickpeas in a Bowl
| Photo Credit:
bhofack2

Pointing out glaring violations of the Standard Operating Procedures (SOPs) on pulses procurement which has assured 100 per cent purchase at minimum support price (MSP) from registered farmers, Kisan Mahapanchayat has sought union agriculture minister Shivraj Singh’s Chouhan’s intervention in Rajasthan so that chana (gram) farmers are saved from losing average ₹3 lakh due to 40 quintal sales cap amid lower market rates.

In a letter to Chouhan, Kisan Mahapanchayat’s Rampal Jat has said that over 5,000 chana farmers have already been registered in Rajasthan to sell their produce to the government at MSP of ₹5,875 per quintal. However, they are unable to sell as procurement has not commenced in all the growing districts and also refusal by procuring agencies to buy above 40 quintals.

“Procurement of chana in Rajasthan has commenced only in Kishangarh (Ajmer district). Even there, farmers who registered with Rajfed, the nodal state agency, and whose procurement has already reached the prescribed limit of 40 quintals, are being excluded from the Central scheme that allows 100 per cent purchase. “Rajfed had conducted the registration on behalf of Nafed, which is the agency notified by the government for pulses procurement. It is entirely appropriate and justified for Nafed to undertake direct procurement based on the registrations already processed by Rajfed,” Jat said.

Pointing out that current market rates of chana are between ₹5,000 and ₹5,200 per quintal, as a cap of 40 quintals purchase is enforced, Jat said that farmers will be compelled to sell their remaining produce at a loss of ₹775 per quintal. “In accordance with the (SOP) prescribed by welfare-oriented government, the procurement of every single grain of produce is imperative,” he said.

“A farmer who has produced about 400 quintal of chana on the promise that he would be able to get MSP after launch of Pulses Mission would be forced to sell 360 quintal in open market at a total loss of ₹2.5-3 lakh because of the government’s denial to him,” he said and demanded the cap should be immediately removed and the entire produce be bought if farmers want. For a small farmer, ₹3 lakh is a big amount to lose, he added.

Jat also suggested as an alternative ‘Price Deficiency Payment Scheme’ (PDPS) should be implemented for chana in Rajasthan if the government is unable to buy the entire produce so that farmers can recover the loss after selling those in open market. Under PDPS, the Centre pays the differential price between MSP and modal rate directly to farmers when open market rules lower.

He said the Union Cabinet on October 1, 2025 launched the “Mission for Self-Reliance in Pulses” with a budgetary allocation of ₹11,440 crore. As the aim is to increase the country’s pulses production to 350 lakh tonnes by the end of the year 2031, and also raise productivity levels to 1,130 kg per hectare by ensuring 2 crore farmers benefit from guaranteed procurement, the Centre should accord priority to it over the 2018 launched PM-AASHA, he said.

Published on April 30, 2026

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4,4,4,4,4… विराट कोहली ने एक ओवर में लगातार 5 चौके जड़ रचा इतिहास, इस खास लिस्ट में बनाई जगह

by Hansraj Agrawal | Apr 30, 2026 | Sports

विराट कोहली ने गुजरात टाइटंस के खिलाफ मैच में ऐतिहासिक कारनामा कर दिया है. उन्होंने कगिसो रबाड़ा के एक ही ओवर में लगातार 5 चौके लगाए, इस ओवर में विराट ने कुल 21 रन बटोरे. इससे पहले कई बल्लेबाज IPL मैच के एक ही ओवर में 5 या उससे अधिक चौके लगाने का कारनामा कर चुके हैं. मगर RCB के लिए अब तक सिर्फ 2 ही बल्लेबाज ऐसा कर पाए थे.

विराट कोहली का ऐतिहासिक कारनामा

IPL के इतिहास में विराट कोहली रॉयल चैलेंजर्स बेंगलुरू के ऐसे केवल तीसरे बल्लेबाज बने हैं, जिन्होंने एक ही ओवर में पांच या उससे अधिक चौके लगाए हों. उनसे पहले सिर्फ क्रिस गेल और शेन वॉटसन ऐसा कर पाए थे. विराट ने गुजरात टाइटंस के खिलाफ पारी के दूसरे ओवर में यह कमाल का कारनामा किया. उन्होंने कगिसो रबाड़ा की पहली 5 गेंदों पर लगातार पांच चौके लगाए.

लगातार 5 या अधिक चौके लगाने वाले RCB के बल्लेबाज

5 चौके – क्रिस गेल
5 चौके – शेन वॉटसन
5 चौके – विराट कोहली

रबाड़ा जीते दिग्गजों की जंग

विराट कोहली ने चाहे कगिसो रबाड़ा के एक ही ओवर में लगातार 5 चौके लगा दिए हों, लेकिन दिग्गजों की इस जंग में रबाड़ा को विजय मिली. क्योंकि अगले ही ओवर में रबाड़ा ने विराट कोहली को राशिद खान के हाथों कैच करवाया था. विराट इस मुकाबले में 13 गेंदों में 28 रन बनाकर आउट हो गए.

किंग कोहली के पास फिर मौका था कि वे ऑरेंज कैप हासिल कर लें. हालांकि ऐसा करने के लिए उन्हें दमदार अर्धशतकीय पारी खेलने की जरूरत थी. विराट अब भी ऑरेंज कैप की रेस में बने हुए हैं और 9 मुकाबलों में 379 रन बना चुके हैं. आईपीएल 2026 में सबसे ज्यादा रन बनाने के मामले में विराट अभी चौथे स्थान पर हैं और ऑरेंज कैप अभिषेक शर्मा (425 रन) के पास है.

यह भी पढ़ें:

क्या है वैभव सूर्यवंशी की सबसे बड़ी कमजोरी? दिग्गज का जवाब सुनकर दंग रह जाएंगे आप

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Rupee hits fresh low past 95/$ as oil surge pushes bond yields above 7%

by Hansraj Agrawal | Apr 30, 2026 | Share Market

The rupee hit a fresh low against the dollar, while yield on the benchmark 10-year government bond surged past 7 per cent-mark on Thursday, tracking the rise in crude oil prices amid the West Asia crisis, said dealers.

Latest data released by the Reserve Bank of India (RBI) showed its net short position in the forward book crossed $100 billion, which in turn could exert pressure on the spot rupee.

The currency hit the day’s low of 95.34 per dollar before recovering on the back of intervention by the RBI via dollar sales, said dealers.

It settled at a new closing low for the second straight session at 94.92 per dollar against the previous close of 94.85 per dollar. The rupee breached the 95 per dollar mark for the first time on March 30, 2026.

On the other hand, the yield on the benchmark 10-year government bond rose up to 7.07 per cent during the day. It settled at 7.02 per cent, against the previous close of 6.99 per cent tracking the softening in crude oil prices by the end of the domestic trading hours, said dealers.

“Brent topping $120 per barrel caused panic, resulting in rupee hitting all time lows against the dollar,” said Abhishek Goenka, founder and chief executive officer (CEO) of IFA Global.

“The correlation between Brent and the rupee is likely to get stronger, the higher Brent goes. The real macro risk is currently under-appreciated, we believe. While Brent prices we see are financial futures, the spot rate, i.e., procuring a real physical barrel of crude is much higher. Freight rates have shot up and so have insurance costs. All this makes the situation extremely grim and rupee is just reflecting that,” Goenka added.

Brent crude oil prices rose up to $126 per barrel as US President Donald Trump rejected Iran’s offer to reopen the Strait of Hormuz. He said that he won’t lift the naval blockade until he secures a nuclear deal.

The rupee depreciated 4 per cent in March following the West Asia conflict, prompting the regulator to announce measures to curb speculative trades and volatility. As the impact of the measures faded along with a partial rollback of those steps, the Indian unit came under pressure again, falling 0.11 per cent in April. In 2026 so far, the rupee has depreciated 5.31 per cent against the dollar.

The RBI’s outstanding net short dollar position in the rupee forward market rose to $103.06 billion by the end of March, against $77.25 billion by the end of February, latest data by the central bank showed.

“Until the RBI unwinds its forward positions, FII inflows are unlikely to return. And without capital flows, the rupee will remain under pressure. In this environment, given the ongoing geopolitical tensions, the RBI’s forward book, and continued capital outflows, rupee will continue to remain under pressure,” said Amit Pabari, managing director at CR Forex.

Short positions in less than one year rose to $51 billion, against $28 billion earlier, while those in longer than one year tenure rose by around $3 billion to $52.8 billion during the same period.

Experts said that the rupee is expected to remain under pressure driven by a widening current account deficit and subdued capital inflows. Additionally, the import cover, when adjusted to include the forward book, has fallen to below nine months as of March 2026, limiting the buffer against external shocks.

“We continue to expect the rupee to depreciate, led by wider current account deficit and weak capital flows. RBI’s ability to use dollar sales to limit depreciation pressure is less due to elevated large forward book. Moreover, the import cover (forex reserves plus forward book) is less than 9 months in March 2026,” said Gaura Sen Gupta, economist at IDFC First Bank.

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