Category: Business

Business

SpiceJet settles $132-million dispute with aircraft leasing firm BBAM

Posted on By admin
SpiceJet settles 2-million dispute with aircraft leasing firm BBAM

SpiceJet chairman Ajay Singh addressing a press conferenc in New Delhi. File photo | Photo Credit: PTI Budget carrier SpiceJet on Wednesday (October 9, 2024) said it has amicably settled a USD 132-million dispute with aircraft leasing firm Babcock & Brown Aircraft Management (BBAM). The dispute, valued at USD 131.85 million (₹1,107 crore) with the…

Read More “SpiceJet settles $132-million dispute with aircraft leasing firm BBAM” »

Business

China stocks decline amid economic recovery disappointment

Posted on By admin
China stocks decline amid economic recovery disappointment

A woman sits on the Bund near Huangpu river as she looks on the financial district of Pudong in Shanghai, China. File photo for representational purpose only. | Photo Credit: REUTERS Shares in China slumped on Wednesday (October 9, 2024), as details of economic stimulus plans from officials in Beijing failed to live up to investors’…

Read More “China stocks decline amid economic recovery disappointment” »

Business

Markets climb in early trade ahead of RBI monetary policy decision

Posted on By admin
Markets climb in early trade ahead of RBI monetary policy decision

The 30-share BSE Sensex climbed 123.45 points or 0.15%, to 81,758.26 in early trade and the NSE went up 39.65 points or 0.16%, to 25,052.80 on Wednesday. | Photo Credit: Reuters Benchmark equity indices climbed in early trade on Wednesday (October 9, 2024) ahead of the Reserve Bank of India’s monetary policy decision. Buying in…

Read More “Markets climb in early trade ahead of RBI monetary policy decision” »

Business

Rupee rises 5 paise to 83.92 against U.S. dollar in early trade

Posted on By admin
Rupee rises 5 paise to 83.92 against U.S. dollar in early trade

Image for representational purposes only. | Photo Credit: Getty Images The rupee appreciated 5 paise to 83.92 against the U.S. dollar in early trade on Wednesday (October 9, 2024), ahead of the Reserve Bank of India’s monetary policy announcement. Most major central banks have pivoted toward rate cuts, with the U.S. Fed being the latest…

Read More “Rupee rises 5 paise to 83.92 against U.S. dollar in early trade” »

Business

RBI Monetary Policy Committee meeting: policy rate unchanged at 6.5%

Posted on By admin
RBI Monetary Policy Committee meeting: policy rate unchanged at 6.5%

Reserve Bank of India (RBI) Governor Shaktikanta Das delivers the Monetary Policy statement, in Mumbai. File photo | Photo Credit: PTI  The Reserve Bank of India’s Monetary Policy Committee (MPC) on Wednesday (October 9, 2024) decided to keep the policy repo rate unchanged at 6.50% for the 10th consecutive time. Of the six members of…

Read More “RBI Monetary Policy Committee meeting: policy rate unchanged at 6.5%” »

Business

Why is the textile industry struggling to perform better? | Explained

Posted on By admin
Why is the textile industry struggling to perform better? | Explained

Several MSME textile mills in Coimbatore downed their shutters as there is no demand for yarn on July 15, 2023. | Photo Credit: Siva Saravanan. S The story so far: Union Minister for Textiles Giriraj Singh recently said that the Indian textile and apparel sector is aiming for a total business of $350 billion annually…

Read More “Why is the textile industry struggling to perform better? | Explained” »

Business

Air India pilots being promoted to wide-body planes ahead of us: Vistara pilots to top brass

Posted on By admin
Air India pilots being promoted to wide-body planes ahead of us: Vistara pilots to top brass

A Vistara Airbus A320 passenger aircraft. File | Photo Credit: Reuters More than 80 pilots at Vistara have written to Tata Sons Chairman N. Chandrasekaran and the airline’s CEO Vinod Kannan alleging that they had been sidelined for promotions, ahead of Vistara’s merger with Air India next month. In the letter to the top brass…

Read More “Air India pilots being promoted to wide-body planes ahead of us: Vistara pilots to top brass” »

Business

Hyundai to launch India IPO next week at ₹1,865-1,960 per share

Posted on By admin
Hyundai to launch India IPO next week at ₹1,865-1,960 per share

A logo of Hyundai Motors | Photo Credit: Reuters Hyundai Motor India’s IPO will open on October 14 for subscriptions and will likely be priced in the range of ₹1,865 to 1,960 per share, sources said on Tuesday (October 8, 2024), valuing the automaker at up to $19 billion in the country’s biggest stock offering…

Read More “Hyundai to launch India IPO next week at ₹1,865-1,960 per share” »

Business