IndiGo’s Chief Commercial Officer Willy Boulter said he will resign after July, just a day after Chief Financial Officer Jiten Chopra quit the biggest budget airline in Asia by market value. The top management churn at IndiGo, operated by InterGlobe Aviation Ltd., comes after billionaire co-founder Rahul Bhatia was appointedContinue Reading
India’s central bank may have to pay a bigger price for ignoring inflation by tightening interest rates much more aggressively later, as the Federal Reserve is doing now, according to the nation’s largest asset manager. “If you don’t normalize gradually and preemptively, you may be in a situation down the lineContinue Reading
The Tamil Nadu Directorate of Public health in a statement said that the Delta variant of Covid-19 is now totally replaced by the Omicron variant in the state. The report of the state public health department said that 68.4 percent of all whole-genome sequenced samples were of the BA.2 variantContinue Reading
The first direct flight between Gorakhpur and Varanasi was flagged-off on Sunday. SpiceJet was awarded the route under the RCS-UDAN 4.1, as per a press release by the Ministry of Civil Aviation. The airline will be operating daily flights and will deploy its Q400, 78-seater turboprop aircraft designed for shorter-distance flights on the route. SpiceJet is India’s largestContinue Reading
Shares of BSE Ltd hit a record high of Rs 2,848.40 after they rallied 8.7 percent on the National Stock Exchange (NSE) in Friday’s intra-day trade. At 10:08 am, the stock traded 6.5 percent higher at Rs 2,789 against a 0.5 percent gain on the Nifty50 index. In the pastContinue Reading
Amazoncom Inc. .is planning to split its stock for the first time in more than two decades in a move that will end an era of four-digit stock prices for the biggest U.S. technology companies. Amazon intends to boost its outstanding shares by a 20-to-1 ratio, under a plan disclosed late Wednesday,Continue Reading
Amid escalating tensions between Russia and Ukraine, a Pakistani student stranded in the war-hit country was rescued by the Indian authorities. According to sources, Pakistan’s Asma Shafique, who was rescued by the Indian authorities, is now en route to Western Ukraine for further evacuation out of the country. She willContinue Reading
Shares of city gas distribution (CGD) companies, Indraprastha Gas (IGL) and Mahanagar Gas (MGL), rallied up to 10 percent in the intra-day trade on Tuesday amid reports of IGL announcing a hike in prices of compressed natural gas (CNG) in the Delhi-NCR region. The prices have been hiked by 50 paise per kilo in Delhi whileContinue Reading
Russia and Russian companies will be allowed to pay foreign creditors in rubles, according to a decree signed by President Vladimir Putin on Saturday, as a way to stave off defaults while capital controls remain in place. The decree establishes temporary rules for sovereign and corporate debtors to make payments to creditors fromContinue Reading
Oil pulled back in London, after earlier nearing $120 a barrel, on speculation high-stakes talks to revive a nuclear deal with Iran may soon conclude. Benchmark Brent crude swung in a range of almost $10 on Thursday, at first pushed higher as buyers continued to shun Russian crude, then dragged lowerContinue Reading
