Air India chief Campbell Wilson on Friday said that a majority of pilots have accepted the new compensation package offered last week, amid protests by Air India pilots' unions against the revised salary structure and service conditions. The loss-making airline, which was taken over from the government by the Tata Group in January 2022, has announced a new compensation package for pilots and cabin crew. In his weekly message to Air India staff on Friday, Campbell said the airline is making investments in workplace technology and training as well as in new and improved employee benefits.
Micron plans an assembly testing, marking and packaging project of $1 billion, and talks are on to set up a memory chip plant for captive requirements.
With the main draw of the Asian Badminton Championships set to get underway from Wednesday, the struggling Indian shuttlers face an uphill task.
Modi said India's next general elections will be held in 2024 and he invited G20 delegates to visit the country to witness the "festival of democracy" in the "mother of democracy".
Adani Ports and Special Economic Zone (APSEZ) on Monday started the first debt buyback programme since billionaire Gautam Adani's conglomerate was targeted by a US short-seller in January. APSEZ floated a tender to buy back as much as $130 million of its July 2024 bonds and similar amounts in each of the next four quarters, it said in an exchange filing, as it looks to regain investor confidence by showing that its liquidity position is comfortable. Shares of Adani group companies pummelled after Hindenburg Research in a January 24 report accused it of accounting fraud and improper use of offshore tax havens for stock manipulation.
'He killed so many people, doing the kind of horrible things he did, and yet, he believed he was making the right choices.'
India scripted history as the ambitious third Moon mission of the Indian Space Research Organisation (ISRO) touched down on the Moon's south pole, propelling the country to an exclusive club of four and making it the first nation to land on the uncharted surface.
A former member of the Taarak Mehta Ka Ooltah Chashmah cast has accused Producer Asit Kumarr Modi and two others of sexual harassment, a charge they denied, claiming she was let go from the show due to misbehaviour.
With most exit polls predicting a tight contest between the Congress and the Bharatiya Janata Party in the assembly polls in Karnataka, leaders of the two parties seem 'jittery' over the outcome, while the Janata Dal-Secular appears to be expecting a hung verdict, which would enable it to play a role in government formation.
The Economic Offences Wing of the Delhi Police has filed an FIR against former BharatPe co-founder Ashneer Grover, his wife Madhuri Jain Grover and family members Deepak Gupta, Suresh Jain and Shwetank Jain for an alleged Rs 81 crore fraud after a complaint by the fintech unicorn. The FIR, a copy of which has been seen by PTI, was filed under eight sections of the Indian Penal Code, including 406 that deals with criminal breach of trust, 420 (cheating and dishonesty), 467 and 468 (forgery). BharatPe in the complaint alleged that Grover and his family caused damages of about Rs 81.3 crore through illegitimate payments to bogus human resource consultants, inflated and undue payments through passthrough vendors connected to the accused, sham transactions in input tax credit and payment of penalty to GST authorities, illegal payment to travel agencies, forged invoices by Madhuri Jain and destruction of evidence.
In a significant development, India is believed to have placed a funding request of around $55 million in its first call with the Pandemic Fund of the World Bank, sources said. The fund has been set up to finance critical investments in a bid to strengthen pandemic prevention, preparedness, and response capacities at national, regional, and global levels, with a focus on low- and middle-income countries. It was created in the aftermath of the Covid-19 global pandemic.
Unlike Israeli company NSO, whose sale of Pegasus cyber tech grabbed worldwide attention, and other manufacturers of offensive-cyber products, Cellebrite operates in a grey area between security exports and civilian ones.
Jailed gangster Chhota Rajan's close aide Santosh Mahadeo Sawant was arrested by the Central Bureau of Investigation as he landed at Mumbai airport from Singapore, after being on the run for 18 years, officials said on Wednesday.
Kanimozhi had challenged a Madras high court order which had refused to dismiss the petition against her.
Encouraging results for the fourth quarter of the 2022-23 financial year (Q4FY23) have led to a big surge in the share price of DLF. The realty major closed FY23 with Rs 15,000 crore (up 107 per cent year-on-year or YoY) of pre-sales, leading to cash generation of Rs 2,500 crore (up 14 per cent YoY) and reduced net debt by Rs 1,960 crore YoY. The launch of The Arbour project in Q4FY23 alone drove sales of Rs 8,000 crore in the quarter.
'There are many things we need to work on.' 'At the heart of it is, one, the extent of inequality, which is not good for democracy and nation; two, a structural decline on how a country ought to function, how people should be held accountable, whose role is what.'
Five-time champions Mumbai Indians' class and pedigree will once again be tested when they take on an unpredictable Punjab Kings.
The government on Friday announced that no tax will be charged on overseas spending of up to Rs 7 lakh in a year using debit or credit as it looked to douse backlash from its earlier decision of levying TCS on all spending. The government had earlier this week brought overseas credit card spending under Liberalised Remittance Scheme (LRS). This meant that any spending using credit cards overseas would attract a 20 per cent tax from July 1.
Bihar Chief Minister Nitish Kumar on Saturday hinted that a meeting of opposition leaders may take place in Patna after the crucial Karnataka assembly polls were over as many would be busy electioneering there.
Funds parked by Indian individuals and firms in Swiss banks, including through India-based branches and other financial institutions, declined by 11 per cent in 2022 to 3.42 billion Swiss francs (nearly Rs 30,000 crore), annual data from Switzerland's central bank showed on Thursday.
Education finance is a complex and dynamic sector. There are too many variables -- the course, the calibre of students, the universities, and the job prospects once the course is over, notes Tamal Bandyopadhyay.
It is Sindhu's first final since winning the gold and the Commonwealth Games last year.
India had a mixed day at the Madrid Spain Masters with PV Sindhu marching into the semis and Kidambi Srikanth's campaign coming to an end.
'Indian equity valuations, although not very expensive, are not cheap either.'
'We want to achieve overall profitability, and then we would go for an IPO.'
It is learnt that the issue was raised with the Singaporean high commissioner at the ministry of external affairs.
Ajay Banga was on Wednesday appointed the next president of the World Bank, becoming the first-ever Indian-American to head the global financial institution which said it looks forward to working with him at a time when it's tackling the toughest development challenges facing developing countries. "The executive directors of the World Bank today selected Ajay Banga as president of the World Bank for a five-year term beginning June 2, 2023," the bank said in a press statement. In February, President Joe Biden announced that the US would be nominating Banga, 63, to lead the World Bank because he is "well equipped" to lead the global institution at "this critical moment in history."
The Supreme Court on Tuesday deferred to May 9 the hearing on a batch of pleas challenging the remission granted to the 11 convicts last year in the case of gangrape of Bilkis Bano and murder of her family members during the 2002 post-Godhra riots.
According to a 2021 Redseer report, India's overseas education market is estimated to more than double to $80 billion by 2024.
Lakshya Sen, returning from a break, suffered a first round exit, while Treesa Jolly and Gayatri Gopichand entered the pre-quarters of the Asia Badminton Championship.
'India's edtech and start-up story will be in danger.'
Indians are becoming much more spendy and discerning travellers and look for places that can offer them a 'new' kind of experience.
Star drag-flicket Gurjit Kaur made it 4-0 by converting a penalty corner in the 10th minute.
Reliance Industries, construction major L&T and IRB Infrastructure are some of the top companies that have used an infrastructure investment trust structure to reduce part of their debt and generate returns for their investors. Earlier this month, IRB Infrastructure InvIT was listed on the National Stock Exchange, giving its investors an option to exit by selling their units. The listing came within months of the Securities and Exchange Board of India's (Sebi's) guidelines for conversion of private unlisted InvITs into listed ones were issued.
Lakshya Sen suffered a stunning first round exit as India's challenge came to an end in the German Open.
Prasad underwent a kidney transplant in Singapore last year and returned to India a month ago. In view of the high risk of infections, the mass leader has chosen to stay away from his home state and convalesce at the residence of Bharti, who is a Rajya Sabha member.
The 27-year-old has also qualified for the CWG in the 49kg weight category on the basis of her Commonwealth rankings.
F1 stewards exempted Lewis Hamilton from a jewellery ban at the Bahrain Grand Prix on Friday after accepting he risked disfigurement if a nose piercing was removed.
Tamil Nadu Bharatiya Janata Party state president K Annamalai on Friday released 'DMK Files' alleging top ministers from the party and Chief Minister MK Stalin's family members had accumulated unaccounted assets.
Wadia group-owned Go First will temporarily suspend flights on May 3 and 4 amid severe fund crunch, the airline's chief Kaushik Khona said on Tuesday.
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