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A pedestrian walks past the Air India building in Mumbai. File | Photo Credit: AFP Aviation watchdog Directorate General of Civil Aviation (DGCA) on September 21 said it has suspended Tata Group-owned Air India’s Flight Safety Chief Rajeev Gupta for one month for certain lapses. On July 25 and 26, the regulator’s team carried out…
The Indian economy will grow at around 6.5 per cent in the current fiscal, notwithstanding high crude oil prices and increased uncertainty due climate changes, NITI Aayog member Arvind Virmani said on Thursday. Mr. Virmani also asserted that the gross household savings ratio in India has consistently gone up. In an interview with PTI, he…
Representational image only. File | Photo Credit: Reuters Equity benchmark indices declined in early trade on September 21, falling for the third day running, due to a weak trend in global markets and foreign fund outflows. Global equities fell after the U.S. Federal Reserve signalled that they expect to raise rates once more this year…
Read More “Markets fall in early trade on weak global equities, foreign fund outflows” »
A forex dealer in Bombay looks at a graph of the Indian rupee. | Photo Credit: Reuters The rupee witnessed a range-bound trading against the US dollar in early trade on Thursday, September 21, 2023 weighed down by a negative trend in domestic equities and a strong American currency Forex traders said the Indian rupee…
Read More “Rupee trades in narrow range against US dollar in early trade” »
Representational image | Photo Credit: AFP India is considering making it mandatory for drugmakers to audit their raw material suppliers, atleast once a year. Mooted by Central Drugs Standard Control Organisation at a meeting of drugmakers earlier this month on revised Schedule M (GMP), the proposal comes in the backdrop of World Health Organisation, beginning…
Read More “India mulls annual audit of raw material suppliers by drugmakers ” »
Aditya Jairaj, Deputy Managing Director and Head Jeep Brand Operations, Stellantis India Private Ltd | Photo Credit: Special Arrangement The Jeep brand which directly entered the Indian market in 2016 followed by the introduction of “Made in India” Jeep Compass the next year, has embarked on the next phase of growth to make a lasting impact…
Read More “Jeep brand eyes doubling sales, increasing localisation” »
An Akasa Air passenger aircraft. File. | Photo Credit: Reuters Newly launched budget carrier Akasa Air has moved the Delhi High Court seeking a direction to the Directorate General of Civil Aviation (DGCA) to act against pilots who left the airline without serving their mandatory notice period. Akasa Air, which operated its first commercial flight…
The US Federal Reserve voted Wednesday to keep interest rates at a 22-year high. (Representational) Washington: The US Federal Reserve voted Wednesday to keep interest rates at a 22-year high, while forecasting an additional rate hike before the end of the year to bring down inflation. The Fed’s decision to keep its key lending rate…
Read More “US Federal Reserve Holds Interest Rates At 22-Year High” »
The share of workers with regular wage increased since 2004, with the country creating three million regular jobs annually till 2017 and five million jobs between 2017 and 2019, according to “State of Working India 2023: Social Identities and Labour Market Outcomes”, a report prepared by a group of economists and researchers with the Azim…
Read More “Regular jobs increased, but unemployment still a concern: report” »
The Bank expects growth to be propelled by “robust domestic consumption as consumer confidence improves, and by investment including large increases” in government capital expenditure. File. | Photo Credit: REUTERS The Asian Development Bank (ADB) on September 20 pared its growth forecast for India’s economy to 6.3% for this year, from 6.4% estimated earlier, citing the…
Read More “ADB moderates India GDP growth hopes this year to 6.3%” »