SpiceJet plans expansion with 100 more flights daily amidst IndiGo fiasco; airline aims to ‘improve overall network resilience’ – stock jumps 5%

As India’s aviation industry is grappling with ongoing IndiGo crisis, SpiceJet has launched a major winter push to fulfil the continued demand. In a statement released on Wednesday, the carrier outlined plans to add up to 100 daily flights during the ongoing winter schedule, noting that the expansion is still subject to regulatory approval. The…

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Asian stocks today: Markets slump ahead of Fed’s interest rate decision; Nikkei trims over 170 points, HSI falls 0.3%

Asian markets fell on Wednesday, mirroring a sluggish session on Wall Street, as investors waited for the Federal Reserve’s latest policy decision. The central bank is widely expected to cut interest rates for a third straight meeting, but all eyes are on the post-meeting statement, Chair Jerome Powell’s press conference, and the “dot plot” forecast…

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America’s affordability woes: Trump claims prices came down ‘tremendously’; hits back at Democrat’s ‘con job’

US President Donald Trump addressed America’s affordability concerns at a campaign rally in Mount Pocono, Pennsylvania, on Tuesday, saying that the prices have come down “tremendously.” He moved to reassure Americans frustrated by high living costs and dismissed Democrat’s criticism over inflation as a “hoax”. The event was a shift from his usual arguments about…

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Intel CEO: Committed to India’s semicon mission

Intel CEO Lip-Bu Tan met Prime Minister Narendra Modi, pledging the chip giant’s support for India’s Semiconductor Mission. Tan lauded the government’s comprehensive policy for semiconductor design and manufacturing. Prime Minister Modi expressed confidence that Intel’s involvement will foster an innovation-driven future for India’s youth, creating a robust electronic component ecosystem. NEW DELHI: US computer…

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Plan to make AI developers pay for content

A government panel has proposed a ‘hybrid model’ for AI firms, granting them a blanket license to use copyrighted works for training AI systems. This framework mandates royalty payments to intellectual property rights holders, who cannot opt out. A centralized, non-profit entity will manage these payments, simplifying access for developers and ensuring fair compensation for…

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Shocking stat: Airlines to earn just $7.90 per passenger next year — less than what Apple makes on an iPhone cover, says IATA chief

Airlines will make less profit flying a passenger across continents than Apple earns from selling an iPhone cover, International Air Transport Association (IATA) director general Willie Walsh said on Tuesday, underlining the industry’s persistently weak margins, PTI reported.Releasing the global aviation industry’s financial outlook for 2026, IATA projected total net profits at $41 billion next…

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