Author: admin

Vistara to add more capacity from Mumbai ahead of merger with Air India

Posted on By admin

By the end of December 2023, Mumbai would have an equal number of domestic departures as Delhi which currently has 78 daily domestic departures. File Notwithstanding the uncertainty over the brand name continuing after its merger with Air India by April 2024, Vistara, the joint venture of Tata Sons & Singapore Airlines (SIA), continues to scale…

Read More “Vistara to add more capacity from Mumbai ahead of merger with Air India” »

Business

Start-up funding slid 70% in FY23: Redseer

Posted on By admin

India’s start-up ecosystem could attract only $15 billion in the financial year 2023 after a strong funding winter brought investments down by 70% compared with the $50 billion it received in the previous year, according to a report released by Redseer Consulting on Tuesday. Increasing cost of capital and interest rates, recession in developed markets,…

Read More “Start-up funding slid 70% in FY23: Redseer” »

Business

India’s gems, jewellery exports may fall 10-15% in FY24: GJEPC

Posted on By admin

India’s gems and jewellery exports are likely to decline by 10 to 15% in the current financial year on account of slowing demand in key markets like the U.S. and China, GJEPC Chairman Vipul Shah has said. The gems and jewellery exports grew 2.48% year-on-year to ₹3,00,462.52 crore (over $36 billion) in FY23, according to…

Read More “India’s gems, jewellery exports may fall 10-15% in FY24: GJEPC” »

Business

40% Air India seats repaired since Tata take-over

Posted on By admin

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

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

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

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

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