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Vistara Airlines will be merging with Air India from November 12, 2024. | Photo Credit: R.V. Moorthy Vistara will merge with Air India from November 12, when its operations will be carried out by Air India and all bookings will be redirected to Air India’s website. Starting September 3, passengers will no longer be able…
Read More “Vistara to merge with Air India from November 12” »
Singapore Airlines on Friday (August 30, 2024) said it has received approval from the Indian government for the foreign direct investment as part of the proposed merger of Vistara with Air India, a deal that will create one of the world’s largest airline groups. | Photo Credit: Reuters Singapore Airlines on Friday (August 30, 2024)…
Read More “Singapore Airlines gets FDI nod for Vistara-Air India merger from government” »
Slow lane: Lower profitability and inventory rise will keep dealers’ working-capital debt elevated. | Photo Credit: PTI Automobile dealers’ revenue growth is expected to slow down to between 7-9% this fiscal. According to Crisil, after a healthy 14% rise last fiscal, the revenue growth will enter a slow lane. Higher discounts and offers by Original…
Trader’s worry: Digital trading can distort prices linked to deals in physical metals, some say. | Photo Credit: Reuters The future of ring trading on the London Metal Exchange looks assured for now after almost all the firms involved told Reuters they remained committed to open-outcry trading at one of the last venues to still…
Read More “London Metal Exchange open-outcry trade lives on as SocGen quit sparks no rush” »
Bright spot: Asia’s semiconductor firms benefit from the boom in generative artificial intelligence. | Photo Credit: Reuters A key Asia stock index has gained its biggest lift in earnings projections in more than three years, as the region’s semiconductor firms benefit from the boom in generative artificial intelligence. Also helped by robust second-quarter results across…
Read More “Asian firms’ earnings outlook improves as chip sector shines” »
Talks to sell majority stakes in two Indian banks have attracted interest from foreign peers in Japan and the Middle East betting on a fast-growing economy, but tighter regulations and valuation concerns could curb their appetite, analysts and sources say. The rare opportunity for foreign banks to take controlling stakes in a market dominated by…
Read More “Foreign lenders lured by stake sales in Indian banks, but tighter rules weigh” »
Asserting that achieving self-sufficiency in edible oils is a critical national priority for India, the NITI Aayog, in a report, has said that utilising one-third of the total rice fallow area (in the rabi season) across ten States for oilseed cultivation can increase the production of edible oils by 1.03 Million Tonnes (MT) and reduce…
Labourers aided by the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), work at a construction site on the outskirts of Amritsar on July 23. | Photo Credit: AFP The story so far: Women-led development remains at the core of announcements made by the Finance Minister (FM) in this year’s Budget. This commitment to women…
Read More “Analysing the Gender Budget of 2024-25 | Explained” »
A farm labourer holds rice sapling as he prepares to plant them in a field on the outskirts of Ahmedabad. File | Photo Credit: Reuters Above-normal rainfall due to delayed withdrawal of the monsoon could damage India’s summer-sown crops like rice, cotton, soybean, corn, and pulses that are harvested from mid-September. The southwest monsoon is…
Read More “‘Monsoon likely to extend, threatening ripe summer crops’” »
The Securities and Exchange Board of India (SEBI) has proposed mandating Qualified Stock Brokers (QSBs) to offer the facility of trading in the secondary market using the UPI-based block mechanism to their clients, similar to the ASBA facility. Per UPI block facility, clients can trade in the secondary market based on blocked funds in their…
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