Top headlines: ED raids Cox & Kings offices, weak aviation sector and more

From fuel price hikes for the second day in a row to Moody's report on air passenger traffic in 2021, here are the top headlines of the day

ED searches Cox & Kings promoter offices, residences in YES Bank case

The Enforcement Directorate (ED) searched on Monday five places linked to Cox & Kings in connection with the tour operator’s financial dealings with Rana Kapoor, the co-founder of private lender YES Bank under arrest in Mumbai for alleged money laundering. An ED official said the government agency is searching the offices and the residences of the travel firm’s promoter of and other executives. The action is part of ED’s probe in a case involving half a dozen YES Bank borrowers with total loan claims of about Rs 30,000