Author: admin

40% Air India seats repaired since Tata take-over

Posted on By admin
40% Air India seats repaired since Tata take-over

An Air India passenger aircraft taxis on the tarmac while another one lands at Chhatrapati Shivaji International Airport in Mumbai, India, May 3, 2023. REUTERS/Francis Mascarenhas | Photo Credit: FRANCIS MASCARENHAS Crumbling seats, broken armrests, and dysfunctional seat-back entertainment screens on Air India’s aircraft often make the airline a subject of passenger ire but a…

Read More “40% Air India seats repaired since Tata take-over” »

Business

Ashok Soota’s Happiest Minds raises ₹500 cr. through QIP

Posted on By admin
Ashok Soota’s Happiest Minds raises ₹500 cr. through QIP

Happiest Minds Technologies, an IT firm founded by Ashok Soota, has announced the successful completion of its capital raise of ₹500 crore ($61 million) through a qualified institutions placement (QIP) of equity shares. The fund-raising committee of the board of directors of the company approved the allotment of 54,11,255 equity shares of a face value of…

Read More “Ashok Soota’s Happiest Minds raises ₹500 cr. through QIP” »

Business

Data | E-rickshaws to two-wheelers: The shift in the share of electric vehicles

Posted on By admin
Data | E-rickshaws to two-wheelers: The shift in the share of electric vehicles

The number of electric vehicles in India has surged from just 2,400 a decade ago to over 27.4 lakh as of July 2023. File. | Photo Credit: Ashoke Chakrabarty The number of electric vehicles in India has surged from just 2,400 a decade ago to over 27.4 lakh as of July 2023. However, given the…

Read More “Data | E-rickshaws to two-wheelers: The shift in the share of electric vehicles” »

Business

Petrol, diesel sales fall as monsoon ebbs demand

Posted on By admin
Petrol, diesel sales fall as monsoon ebbs demand

Representational file image | Photo Credit: Bhagya Prakash K India’s petrol and diesel consumption fell in the first half of July as fury of monsoon flipped travel plans and reduced the demand in the agricultural sector, preliminary industry data showed. Demand for diesel, the most consumed fuel in the country accounting for about two-fifths of…

Read More “Petrol, diesel sales fall as monsoon ebbs demand” »

Business

Government forms new panel to review all NSO data

Posted on By admin
Government forms new panel to review all NSO data

A Standing Committee on Statistics will review the framework and results of all surveys conducted under the aegis of the National Statistical Office. File illustration: Sebastian Francis The government has constituted a new internal oversight mechanism for official data, revamping a Standing Committee on Economic Statistics (SCES) set up in late 2019, soon after the…

Read More “Government forms new panel to review all NSO data” »

Business

Data | Bad loans at a record low, but write-offs still in the mix

Posted on By admin
Data | Bad loans at a record low, but write-offs still in the mix

Between 2016 and 2019, the NPA ratio remained high. It began to decline later and continued to do so even during the pandemic. Just four years ago, Indian banks’ non-performing assets (NPA) ratio was the worst among most emerging economies. NPAs are bad loans which the borrower is not in a position to repay at…

Read More “Data | Bad loans at a record low, but write-offs still in the mix” »

Business

India’s wholesale prices remain in deflationary territory for third successive month in June

Posted on By admin
India’s wholesale prices remain in deflationary territory for third successive month in June

The decline in the inflation rate in June is primarily due to a fall in prices of mineral oils, food products | Photo Credit: Reuters India’s wholesale prices remained in deflationary territory for the third successive month in June, with the pace of price contraction from a year ago quickening to -4.12% from -3.48% in…

Read More “India’s wholesale prices remain in deflationary territory for third successive month in June” »

Business

Private sector share in investment sees sharp decline in Q1

Posted on By admin
Private sector share in investment sees sharp decline in Q1

“The private sector lost steam and the manufacturing sector, which dominated fresh capex plans in recent quarters, saw a drop in terms of project numbers as well as investments proposed” File | Photo Credit: Reuters Private investors turned cautious in the first quarter of 2023-24, with fresh manufacturing investment plans shrinking 17.5% year-on-year and overall…

Read More “Private sector share in investment sees sharp decline in Q1” »

Business