Home Business

Category: Business

Post
Akasa Air begins flying: ‘Usually a baby is born in 9 months. We took 12 months to launch an airline’

Akasa Air begins flying: ‘Usually a baby is born in 9 months. We took 12 months to launch an airline’

NEW DELHI: Billionaire investor Rakesh Jhunjhunwala-backed price range airline Akasa Air took to the skies on Sunday with its launch flight from Mumbai to Ahmedabad. Indian aviation trade veteran Vinay Dube, who has headed erstwhile Jet Airways and GoAir prior to now, had considered beginning an airline in the course of the pandemic after which...

Post
ICICI Financial institution Q1 revenue zooms 50% to Rs 6,905cr

ICICI Financial institution Q1 revenue zooms 50% to Rs 6,905cr

NEW DELHI: ICICI Bank on Saturday reported a 50 per cent soar in standalone web revenue to Rs 6,905 crore within the first quarter of the present fiscal, aided by a decline in unhealthy loans. The second greatest non-public sector financial institution had posted a web revenue of Rs 4,616 crore in the identical quarter...

Post
US job progress beats expectations; unemployment fee holds at 3.6%

US job progress beats expectations; unemployment fee holds at 3.6%

WASHINGTON: US job progress elevated greater than anticipated in June and the unemployment fee remained close to pre-pandemic lows, indicators of persistent labor market power that give the Federal Reserve ammunition to ship one other 75-basis-point rate of interest improve later this month. Nonfarm payrolls elevated by 372,000 jobs final month, the Labor Division’s carefully...

Post
Indian financial system to develop by 7-7.8% in FY23 regardless of world headwinds: Consultants

Indian financial system to develop by 7-7.8% in FY23 regardless of world headwinds: Consultants

NEW DELHI: The Indian financial system can develop by 7-7.8 per cent this fiscal on the again of higher agriculture manufacturing and a revitalised rural financial system amid world headwinds primarily as a result of ongoing Russia-Ukraine battle, eminent economists mentioned. Eminent economist and BR Ambedkar College of Economics (BASE) vice-chancellor NR Bhanumurthy mentioned at...

Post
India permits small quantity of wheat to maneuver out after ban, huge shares nonetheless caught

India permits small quantity of wheat to maneuver out after ban, huge shares nonetheless caught

MUMBAI/NEW DELHI: India has allowed wheat shipments of 469,202 tonnes since banning most exports final month, however no less than 1.7 million tonnes is mendacity at ports and could possibly be broken by looming monsoon rains, authorities and trade officers advised Reuters. Shipments which were allowed moved primarily to Bangladesh, the Philippines, Tanzania and Malaysia,...

Post
Increased mortgage charges to third-party motor insurance coverage premiums: Necessary cash modifications from June 1 | India Enterprise Information

Increased mortgage charges to third-party motor insurance coverage premiums: Necessary cash modifications from June 1 | India Enterprise Information

NEW DELHI: Interest rates on dwelling, auto and private loans have as soon as once more risen this month after the Reserve Bank of India (RBI) elevated the repo charge in Might. Whereas some banks introduced charge hikes instantly after the RBI’s determination, others have their rates of interest on loans from June 1. Listed...

Post
Tomatoes are the subsequent huge threat to Modi govt’s battle in opposition to inflation

Tomatoes are the subsequent huge threat to Modi govt’s battle in opposition to inflation

NEW DELHI/MUMBAI: Tomato prices are surging in India, placing politicians on discover as greens have an uncommon historical past of toppling governments within the nation. Tomatoes, potatoes and onions type the holy trinity of Indian cooking, the place they’re typically combined with spices to type the bottom for curries, resembling rooster tikka masala. The common...

Post
Vistara: DGCA fines Vistara Rs 10 lakh for violating touchdown norms & ‘endangering lives’ of individuals on board | India Enterprise Information

Vistara: DGCA fines Vistara Rs 10 lakh for violating touchdown norms & ‘endangering lives’ of individuals on board | India Enterprise Information

NEW DELHI: The Directorate Basic of Civil Aviation (DGCA) has imposed a high-quality of Rs 10 lakh after a co-pilot landed an plane in Indore beneath the supervision of a captain who had not undergone simulator coaching to coach a primary officer. The regulator says this “severe violation (had endangered) lives of everybody on board.”...

Post
Indian shares muted as Reliance, tech shares counter auto losses

Indian shares muted as Reliance, tech shares counter auto losses

BENGALURU: Indian shares have been flat on Thursday as losses in auto shares have been offset by positive aspects in Reliance Industries and expertise agency Tata Consultancy Providers, whereas world investor sentiment soured on considerations over excessive inflation and the danger of a US recession. The NSE Nifty 50 index was up 0.06% at 16,532.35...