Category: Business

Business

Airlines struggle with lack of planes as summer travel set to hit record levels

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Some carriers are trimming their schedules to cope with the lack of available planes.  File | Photo Credit: Reuters The global airline industry is facing a summer squeeze, with travel demand expected to surpass pre-pandemic levels while aircraft deliveries have dropped due to production problems at Boeing and Airbus. Air carriers are spending billions on…

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Gutkha, stones and condoms found in samosas supplied to automobile firm

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Five persons were booked after condoms, gutkha and stones were allegedly found in samosas supplied to a major automobile firm in Pune. Image for representation purposes only. | Photo Credit: Pixabay Five persons were booked after condoms, gutkha and stones were allegedly found in samosas supplied to a major automobile firm in Pimpri Chinchwad in…

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Stock market today: Sensex breaches historic 75,000-mark for first time ever; Nifty climbs to new record peak

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 The BSE benchmark jumped 494.28 points or 0.67% to settle at a new closing peak of 74,742.50 on April 8, 2024. File | Photo Credit: Reuters Benchmark equity indices continued their record-breaking rally on April 9, with the BSE Sensex breaching the historic 75,000-mark for the first time ever in early trade and the Nifty…

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Governor Das for greater participation of banks in rupee derivatives in India, abroad

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RBI Governor Shaktikanta Das. | Photo Credit: ANI Reserve Bank Governor Shaktikanta Das on April 8 stressed the need for greater participation of Indian banks in rupee derivatives market, both domestically and offshore, while being prudent. The Governor noted that participation of domestic banks in derivative markets remains limited with only a small set of…

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Households’ debt surged to fresh high by December 2023: report

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The report ascribed the dismal 2022-23 net financial savings numbers to weak income growth, coupled with robust consumption and growth in physical savings. Image for representation. | Photo Credit: Getty Images In what may be construed as a sign of rising financial distress, India’s household debt levels are reckoned to have touched an all-time high…

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Innovations in traditional methods revolutionising farming in Rajasthan’s parched Shekhawati

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Neat rows of vegetable and fruit plants in a portion of the 4.50-hectare agricultural land, a 3.3-KV solar power panel running pumps and other electrical appliances, slim polyethylene hoses for drip irrigation, and uniformly spaced trees form part of some innovative practices adopted by farmer Bhanwar Lal Meel at Lalasi village in Rajasthan’s Sikar district….

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Q1 2024 saw signs of recovery in tech hiring; trend to get stronger in H2: industry players

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Image for representation only | Photo Credit: K.R. Deepak The first quarter of calendar 2024 saw early signs of recovery in tech hiring and a potential acceleration in industry growth is expected around the middle of the year, reported HR firms. The hiring outlook is positive as IT companies expect to regain their footing amid…

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Rupee rises 8 paise to 83.23 against US dollar in early trade

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Forex traders said investor sentiments got a boost as crude oil prices retreated from their elevated levels, while the strength of the American currency in the overseas market weighed on the local unit and restricted the up move. | Photo Credit: R. Ragu The rupee appreciated 8 paise to 83.23 against the U.S. dollar in…

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For MSMEs, GST is a concern that parties must address this election season

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In the MSME clusters in Coimbatore in Tamil Nadu and Ludhiana in Punjab, industrial associations have submitted their demands related to GST to candidates contesting the elections in the respective constituencies. | Photo Credit: Kamal Narang More than six years since the Narendra Modi regime rolled out the Goods and Services Tax (GST), the issue…

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