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Civil Aviation Minister K Rammohan Naidu has announced a pragmatic, staggered increase in jet fuel prices for domestic airlines, a move designed to shield passengers from potentially steep fare hikes amidst rising global energy costs and West Asia airspace curbs.
IndiGo, India’s largest airline, has appointed William Walsh, the former British Airways chief, as its new CEO, signalling a new era of growth and transformation for the company. Key Points IndiGo appoints William Walsh, former British Airways CEO and current
Oracle is reportedly undergoing mass layoffs in India, impacting approximately 12,000 employees as the IT giant restructures its operations. Illustration: Dado Ruvic/Reuters Key Points Oracle has reportedly laid off approximately 12,000 employees in India as part of a global restructuring
A new report warns that the ongoing Middle East conflict could significantly erode India’s GDP growth and increase inflation, highlighting the nation’s vulnerability to global oil market disruptions. Photograph: Bhawika Chhabra/Reuters Key Points Prolonged Middle East conflict could reduce India’s
Novo Nordisk on Tuesday cut the prices of its diabetes and weight-loss drugs Ozempic and Wegovy by as much as 36% and 48% in India, its second such move, to fend off competition from local drugmakers’ cheaper generics. Ozempic’s and
The potential offer comes amid a cooling IPO market, in which big offers have failed to generate listing gains for selling shareholders since January. Source link
A key mistake would be continuing to rely on provisions of the Income-Tax Act, 1961, where the new law now applies, and vice versa. Kindly note that this illustration generated using ChatGPT has only been posted for representational purposes. Key
India’s industrial production surged by 5.2 per cent in February, primarily propelled by a robust performance in the manufacturing sector, signalling positive momentum for the nation’s economic landscape. Photograph: Amit Dave/Reuters Key Points India’s industrial production grew by 5.2 per
Former HDFC Bank chairman Atanu Chakraborty reveals that his resignation was prompted by concerns over the misselling of AT-1 bonds and the bank’s overall underperformance, shedding light on governance and ethical considerations. IMAGE: Atanu Chakraborty, former non-executive chairman, HDFC Bank.
