Category: Business

Business

Air India Appoints Klaus Goersch As Chief Operations Officer

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Air India Appoints Klaus Goersch As Chief Operations Officer

Klaus Goersch has been appointed as Executive Vice President and Chief Operations Officer of Air India. Mumbai: Air India on Friday announced the appointment of Klaus Goersch as the Executive Vice President and Chief Operations Officer, as well as various other senior level appointments. In the newly-created position at the airline, Mr Goersch will oversee…

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Business

Markets bounce back in early trade after 6 days of fall

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Markets bounce back in early trade after 6 days of fall

Equity benchmark indices rebounded in early trade on October 27 after facing massive drubbing of late amid recovery in Asian markets. | Photo Credit: Paul Noronha Equity benchmark indices rebounded in early trade on October 27 after facing massive drubbing of late amid recovery in Asian markets. The 30-share BSE Sensex jumped 411.17 points to…

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Business

‘Super rich’ incomes’ share ebbing amid upward mobility for middle class: CBDT

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‘Super rich’ incomes’ share ebbing amid upward mobility for middle class: CBDT

Tax payers file their income-tax returns. As many as 7.41 crore I-T returns have been filed so far this year, which include 53 lakh first-time tax filers. File | Photo Credit: The Hindu India’s tax base has widened sharply since 2013-14, with individuals moving up the income ladder and the proportion of super-rich taxpayers’ incomes…

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Business

U. S new visa rule could boost local hiring, warns Nasscom

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U. S new visa rule could boost local hiring, warns Nasscom

However, Nasscom welcomed ‘the Biden Administration’s recognition of the substantial gap in supply and demand for skilled workers’ The United States’ new proposed Rule to “modernise H1-B requirements” could align with new visa norms to boost STEM (Science, Technology, Engineering and Mathematics) hiring within the country, warned Indian tech industry’s apex body Nasscom on Thursday….

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Business

Punjab National Bank Net Profit Zooms 327% To Rs 1,756 Crore, Highest In 14 Quarters

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Punjab National Bank Net Profit Zooms 327% To Rs 1,756 Crore, Highest In 14 Quarters

Punjab National Bank will open 100-150 new branches in the current fiscal. New Delhi: Public sector lender Punjab National Bank (PNB) today reported a 327 per cent jump in net profit to Rs 1,756.13 crore in the September quarter – the highest in the previous 14 quarters – on the back of higher interest income…

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Business

Rupee falls 6 paise to end at 83.23 against U.S. dollar

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Rupee falls 6 paise to end at 83.23 against U.S. dollar

The rupee continued its downward trend for the third consecutive session to close 6 paise lower at 83.23 (provisional) against the U.S. dollar on Thursday, dragged down by massive selling in equity markets and strengthening American currency overseas. Withdrawal of foreign funds and elevated crude oil prices touching $90 a barrel also weighed on the…

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Business

Sensex tumbles 900 points amid broad-based selloff; slips below 64,000

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Sensex tumbles 900 points amid broad-based selloff; slips below 64,000

A share broker reacts as Sensex and Nifty prices plummet. File | Photo Credit: ANI Sliding for the sixth straight session, equity benchmark Sensex on Thursday plunged about 900 points to crash below the 64,000 level due to an across-the-board selloff amid heightened tension in the Middle East. Besides sluggish trends in global markets, deep…

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Business

Sensex Tumbles 900 Points, Plummets 6th Consecutive Day; Now Below 64,000

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Sensex Tumbles 900 Points, Plummets 6th Consecutive Day; Now Below 64,000

The 30-share BSE Sensex slumped 900.91 points or 1.41 per cent to settle below the 64,000 mark Mumbai: Sliding for the sixth straight session, equity benchmark Sensex today plunged about 900 points to crash below the 64,000 level due to an across-the-board selloff amid heightened tension in the Middle East. Besides sluggish trends in global…

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Business

Markets continue to fall for sixth day running on weak global trends, foreign fund outflows

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Markets continue to fall for sixth day running on weak global trends, foreign fund outflows

Equity benchmark indices declined in early trade on October 26. Mahindra & Mahindra, Bajaj Finserv, Bajaj Finance, JSW Steel, Tata Motors, Nestle and Titan were the other major laggards. | Photo Credit: Reuters Equity benchmark indices declined in early trade on October 26, continuing their weak momentum, amid negative trend in global markets and fresh foreign…

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