NEW DELHI: “Safety, reliability, profitability and pursuing disciplined and sustainable growth.” Air India‘s CEO and MD (proposed) Tewolde Gebremariam on Monday set these priorities out for the struggling airline group in his first Town Hall with employees. Apart from widening losses, AI’s safety practices and alleged lack of discipline among crew are under the scanner…
MUMBAI: Private equity (PE) money is chasing the events and experiences economy in India-think KKR’s bet on ticketing and live entertainment platform BookMyShow or Blackstone’s investment in an Indian Premier League (IPL) franchise. Young consumers are now driving household spends and they are allocating a big chunk of their budgets to experiences.Consider this: at Travis…
Why is Russia with all its oil supply and refining infrastructure importing gasoline from India? (Image for representative purpose only) The irony in Russia’s latest oil trade is hard to miss. A country that has long been a major exporter of not just crude oil, but also refined petroleum products, is now importing gasoline from…
The father and nominee of the deceased son, approached the consumer commission after LIC refused to honour a life insurance claim. Your child takes life insurance, and after his death the insurer denies the claim on the basis that your son hid a pre-existing condition. What happens then?In one such case, the District Consumer Disputes…
Oil prices rise for second day. Oil prices today: Oil prices rose for a second consecutive session on Tuesday as concerns over potential disruptions to Middle East supplies due to the US-Iran conflict outweighed signs of recovering crude exports from the region.Brent crude futures rose $1.49, or 1.4%, to $106.77 a barrel by 8:56 am…
Nvidia’s growth outlook remains closely tied to the global AI infrastructure boom. (Reuters) Nvidia has increased its share buyback authorisation by a record $150 billion, taking its total remaining repurchase capacity to $235 billion as the chipmaker bets on continued demand for artificial intelligence hardware amid intensifying competition.The increase surpasses Apple’s $110 billion buyback authorisation…
According to the man, his wife, daughter and son were left waiting inside a car during heavy snowfall. (Image for representative purpose only) Family holidays are joyous occasions, but what if your vacation becomes an ordeal because the hotels you booked online via a travel portal turn are missing! Worst still, you are forced to…
Gadkari described the 630-km corridor as the “lifeline” of the North East. (Image for representative purpose only) High-speed highway connectivity is in the works for the North-East connecting it to Uttar Pradesh in the future. Road transport and highways minister Nitin Gadkari on Monday said that the government will soon take up construction of a…
Unless a convincing clarity emerges on the Hormuz issue, rallies could be used to sell. Gold price prediction today: Gold prices are under extreme pressure and any rallies can be seen as an opportunity to sell, says Praveen Singh, Head Currencies and Commodities, Mirae Asset ShareKhan. Here’s what he has to say: Gold Performance: In…
Investors remained cautious as higher crude oil prices, rising bond yields and several other concerns continued to weigh on sentiment. Stock market crash today: Nifty50 and BSE Sensex, the Indian equity benchmarks, extended their decline on Tuesday, crashing over 0.8% after the rout on Monday. Investors remained cautious as higher crude oil prices, rising bond…
