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Air India Express-AIX Connect merger completed. File | Photo Credit: G. Ramakrishna Aviation Regulator DGCA on Tuesday (October 1, 2024) said the merger of AIX Connect with Air India Express has been completed that sets a new benchmark for future airline consolidation in the country. The Directorate General of Civil Aviation (DGCA) has granted the…
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Image for representation | Photo Credit: istock.com The rupee fell 2 paise to 83.81 against the U.S. dollar in early trade on Tuesday (October 1, 2024), tracking massive outflow of foreign funds amid volatile global markets. Forex traders said a strengthening American currency weighed down the Indian unit against major rivals, though retreating crude oil…
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Federal Reserve Board Chairman Jerome Powell. File | Photo Credit: AP Federal Reserve Chair Jerome Powell signalled Monday that more interest rate cuts are in the pipeline, though their size and speed will depend on the evolution of the economy. Wall Street investors and economists are weighing whether the Fed will follow its larger-than-usual half-point…
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The logo of Securities and Exchange Board of India (SEBI). File | Photo Credit: Reuters In a bid to tighten the noose on insider trading, the Securities and Exchange Board of India (SEBI) on Monday decided to expand the definition of “connected persons” who have access to price sensitive information. According to the decision ratified…
Tractors and Farm Equipment Limited (TAFE) on Monday said it has filed a contempt petition against US-based AGCO Corporation alleging disobedience of orders of a Commercial Court in Chennai. TAFE also asserted its claims over the ownership of the Massey Ferguson brand. TAFE, the second largest producer of tractors in India and the third largest…
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Image used for representative purpose only | Photo Credit: istock.com/Getty Images The Centre’s fiscal deficit at the end of the first five months of the current fiscal touched 27% of the full-year target, government data showed on Monday (September 30, 2024). In absolute terms, the fiscal deficit – the gap between expenditure and revenue –…
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Image used for representative purpose only | Photo Credit: Reuters Key stock indices on Monday (September 30, 2024) slid about 1.5% on fears over escalating geopolitical tensions in West Asia. The S&P BSE Sensex fell 1,272 points or 1.49% to 84,299.78. The Sensex stocks which lost the most included Reliance down 3.23%, Axis Bank (3.12%),…
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Photo used for representation purpose only. | Photo Credit: Getty Images/iStock The Centre on Monday (September 30, 2024) decided to maintain the same rate of return on small savings schemes for the October to December quarter, marking the third successive quarter of status quo on their rates. The interest rates on small savings schemes such…
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Image used for representative purpose only | Photo Credit: The Hindu A comprehensive enterprise assessment of all systems has been completed and the integration process is going on as part of the upcoming merger of Vistara with Air India, a senior official said on Monday (September 30, 2024). Vistara, a joint venture between Tatas and…
Image used for representative purpose only. | Photo Credit: Reuters The growth in production of eight key infrastructure sectors contracted 1.8% in August this year due to a decline in the output of coal, crude oil, natural gas, refinery products, cement and electricity, according to official data released on Monday (September 30, 2024). Fertilisers and…
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