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Category: Business

Business

Zayed International Airport will complement growing UAE traffic demand from India: CEO Elena Sorlini

Posted on June 15, 2024 By admin
Zayed International Airport will complement growing UAE traffic demand from India: CEO Elena Sorlini

Elena Sorlini, MD & CEO, Abu Dhabi Airports says, passengers can experience ‘a piece of art and a high level of service’, at Zayed International’s new terminal, one of Abu Dhabi’s five airports. Photo: Special Arrangement Abu Dhabi’s Zayed International Airport with an expanded capacity and a new terminal building will be a good “solution”…

Read More “Zayed International Airport will complement growing UAE traffic demand from India: CEO Elena Sorlini” »

Business

‘Urge Indians to use Zayed International as Dubai airport is reaching capacity’

Posted on June 15, 2024 By admin
‘Urge Indians to use Zayed International as Dubai airport is reaching capacity’

Elena Sorlini, MD & CEO, Abu Dhabi Airports says, passengers can experience ‘a piece of art and a high level of service’, at Zayed International’s new terminal, one of Abu Dhabi’s five airports | Photo Credit: Special arrangement Abu Dhabi’s Zayed International Airport with an expanded capacity and a new terminal building will be a…

Read More “‘Urge Indians to use Zayed International as Dubai airport is reaching capacity’” »

Business

Tata Motors says it sold 7 lakh units of Nexon SUV in 7 years

Posted on June 15, 2024 By admin
Tata Motors says it sold 7 lakh units of Nexon SUV in 7 years

Tata Motors has announced that it has sold 7 lakh units of Nexon SUV in seven years. Introduced in 2017 Nexon has emerged as India’s largest selling SUV for three consecutive years from 2021 to 2023, the company said in a statement. Vivek Srivatsa, Chief Commercial Officer, Tata Passenger Electric Mobility Ltd.,said, “Since its launch…

Read More “Tata Motors says it sold 7 lakh units of Nexon SUV in 7 years” »

Business

Butterfly Gandhimathi MD R. Sriram steps down

Posted on June 15, 2024 By admin
Butterfly Gandhimathi MD R. Sriram steps down

Butterfly Gandhimathi Appliances, maker of kitchen and small domestic appliances, on June 15 said its Managing Director Rangarajan Sriram has resigned. His resignation is effective from June 14, 2024. The company has appointed Swetha Sagar as its Manager & Chief Business Officer. Ms. Sagar, in her new role, would continue to lead the Butterfly business,…

Read More “Butterfly Gandhimathi MD R. Sriram steps down” »

Business

Health insurers set pace for May non-life gross direct premium 

Posted on June 15, 2024 By admin
Health insurers set pace for May non-life gross direct premium 

Representational image only. General insurers reported 14.89% increase in gross direct premium underwritten to ₹20,907.51 crore in May compared to ₹18,197.6 crore in the year earlier period on the back of standalone health insurance companies continuing to perform better than the non-life segment growth. Without including the numbers of specialised insurers Agriculture Insurance Co. of…

Read More “Health insurers set pace for May non-life gross direct premium ” »

Business

Government must ensure corporate takeovers are fair, monopolies are not created: Jairam Ramesh

Posted on June 15, 2024 By admin
Government must ensure corporate takeovers are fair, monopolies are not created: Jairam Ramesh

Congress leader Jairam Ramesh. File | Photo Credit: The Hindu The Congress on June 15 said it is the government’s responsibility to ensure that competition among corporates is not stifled, oligopolies or monopolies do not emerge and corporate takeovers are free and fair. “It is also the government’s responsibility to ensure that undue advantage arising…

Read More “Government must ensure corporate takeovers are fair, monopolies are not created: Jairam Ramesh” »

Business

Windfall tax on crude petroleum slashed to ₹3,250/tonne

Posted on June 15, 2024 By admin
Windfall tax on crude petroleum slashed to ₹3,250/tonne

The government has reduced windfall tax on domestically-produced crude oil to ₹3,250 per tonne from ₹5,200, with effect from Saturday. | Photo Credit: Reuters The government has reduced windfall tax on domestically-produced crude oil to ₹3,250 per tonne from ₹5,200, with effect from Saturday. The tax is levied in the form of Special Additional Excise…

Read More “Windfall tax on crude petroleum slashed to ₹3,250/tonne” »

Business

NSSO survey finds COVID-19’s second wave hit informal economy hard

Posted on June 14, 2024 By admin
NSSO survey finds COVID-19’s second wave hit informal economy hard

India’s large informal non-agricultural sector was badly hit by the second wave of the COVID-19 pandemic, but has recovered gradually since then, with the number of unincorporated firms and their employees rising almost 6% and 8%, respectively, by the latter half of 2022-23, according to findings of an official survey. Gross Value Added (GVA) by…

Read More “NSSO survey finds COVID-19’s second wave hit informal economy hard” »

Business

TRAI emphasises use of 160 number series to make service, transactional calls

Posted on June 14, 2024 By admin
TRAI emphasises use of 160 number series to make service, transactional calls

Image for representational purposes only. | Photo Credit: INDRANIL MUKHERJEE The Telecom Regulatory Authority of India (TRAI) on Friday emphasised the use of the 160 number series exclusively for making all transactional and service voice calls. It held that adherence would ensure easy identification of the calling entity (for customers) and prevent duping attempts from…

Read More “TRAI emphasises use of 160 number series to make service, transactional calls” »

Business

Sensex, Nifty hit fresh lifetime highs on buying in blue-chips HDFC Bank, Reliance

Posted on June 14, 2024 By admin
Sensex, Nifty hit fresh lifetime highs on buying in blue-chips HDFC Bank, Reliance

Benchmark equity indices Sensex and Nifty hit their new closing lifetime highs on Friday, following buying in market heavyweights HDFC Bank, Reliance Industries and Mahindra & Mahindra amid encouraging export data. However, foreign capital outflows amid lack of fresh triggers capped sharp gains, traders said. Rising for the third straight session, the 30-share BSE Sensex…

Read More “Sensex, Nifty hit fresh lifetime highs on buying in blue-chips HDFC Bank, Reliance” »

Business

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