NEW DELHI: The government on Tuesday gave more headroom to vehicle aggregators such as Uber, Ola, inDrive and Rapido on surge pricing. In a set of guidelines on ride-hailing services, the road transport ministry allowed aggregators to charge up to twice the base fare, as against 1.5 times earlier, while leaving the non-peak hour charges…
Air India pilots have conducted simulations of the ill-fated flight’s conditions. (PTI photo) Air India plane crash: Over a fortnight after the fatal Air India aircraft disaster that claimed lives of all onboard except for a single survivor, investigators alongside the airline are analysing the possibility of simultaneous engine failures that may have caused the…
IndiGo, India’s largest airline by market share, has launched its first direct long-haul service between Mumbai and Manchester, marking a significant milestone in its international expansion strategy. The thrice-weekly flights will operate using Boeing 787-9 Dreamliner aircraft under a damp lease agreement with Norse Atlantic Airways, the company said Tuesday.The new route signals IndiGo’s entry…
Hero Motors IPO: Hero Motors has refiled its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) for an initial public offering (IPO) with an increased issue size of Rs 1,200 crore. The revised IPO will consist of a fresh issue of equity shares worth up to Rs 800 crore…
The Reserve Bank of India (RBI) has appointed Kesavan Ramachandran as Executive Director (ED) with effect from July 1, 2025, the central bank said in an official release on Tuesday.Before his promotion, Ramachandran was serving as Principal Chief General Manager in the Risk Monitoring Department. As Executive Director, he will now look after the Department…
US President Donald Trump’s reciprocal tariffs suspension deadline approaches on July 9. (AI image) India-US trade deal update: Intense trade discussions between India and the US continue for the sixth consecutive day on Tuesday in Washington, as negotiations reach a critical phase with New Delhi seeking improved market accessibility for its workforce-intensive products, according to…
The legal battle revolves around TriZetto, a healthcare software platform acquired by Cognizant in 2014. The Infosys vs Cognizant fight is getting uglier by the day. But why are the two IT sector giants locked in a battle or employees in the US? In an ongoing legal dispute between the two IT companies, Infosys has…
Layoffs across the United States are expected to intensify this month, with nearly 95 employers planning job cuts in July, according to data from WARNTracker.com, cited by ET. The mass layoffs span a wide range of industries including tech, retail, healthcare, delivery, pharmaceuticals, and manufacturing, with thousands of jobs on the line.Companies are required to…
The cryptocurrency market traded largely lower on Tuesday, with Bitcoin hovering just under $107,000 as investors stayed cautious ahead of the July 9 US tariff decision.As of 11:50 am IST, Bitcoin was down 1.2% at $106,984 after touching an intraday high of $108,317. Ethereum declined 1.7% to $2,460. The global crypto market capitalisation fell 1.12%…
US Federal Reserve Chair Jerome Powell on Tuesday stressed the importance of political neutrality for the central bank, amid renewed pressure from President Donald Trump, who has criticised the Fed for not cutting interest rates more aggressively this year.Speaking at a central banking conference in Sintra, Portugal, hosted by the European Central Bank, Powell said:…
