NEW DELHI: The Reserve Bank of India‘s upcoming interest rate decision, along with key macroeconomic data releases and global market cues, will play a pivotal role in determining equity market movements this week, according to market analysts.Marking the opening for June, market sentiment will also be shaped by trading patterns of Foreign Institutional Investors (FIIs)…
Image used for representative purposes Air India announced its plans to reduce its reliance on Turkish Technic for the maintenance of its wide-body aircraft, redirecting operations to alternative Maintenance, Repair and Overhaul (MRO) facilities, according to CEO Campbell Wilson. The move comes in light of recent geopolitical developments involving Turkiye.In May, Turkiye voiced support for…
NEW DELHI: EY India Chairman and CEO Rajiv Memani has taken charge as the new president of CII, the move coming at a time when the govt negotiates a bilateral trade agreement (BTA) with the US while working out free trade agreements with other countries and regions.Memani takes over from ITC Chairman & MD Sanjiv…
The House-approved tax and spending reductions may increase the national debt by over $5 trillion during the next ten years if maintained. (AI image) US President Donald Trump is not finding it easy to convince multiple stakeholders, including the Republican senators and international investors that his ‘One Big Beautiful Bill’ won’t bury the US government…
NEW DELHI: IndiGo‘s CEO Pieter Elbers on Sunday addressed the Turkish Airlines agreement termination deadline of August 31 set by the government.“This is the government’s decision and we will comply with the government’s decision. We have the coming month to find a solution for the customers which were booked,” he said.Further talking about the airlines’…
IndiGo airlines announced on Sunday that it has placed a firm order for an additional 30 wide-body A350 aircraft with Airbus, bringing their total A350 fleet commitment to 60 aircraft.Following their initial firm order of 30 A350 aircraft in April 2023, which included an option for 70 additional planes, IndiGo has now confirmed orders for…
VinFast Asia CEO Pham Sanh Chau VinFast, the electric vehicle arm of Vietnam’s Vingroup, is preparing a bold entry into the Indian market- setting the stage for direct competition with Tesla. With bookings for its vehicles scheduled to open this month, VinFast is banking on its VF7 and VF6 models to establish itself as a…
Image used for representative purposes British Airways, operating for over a century in India, is set to expand its routes and flight frequencies, while also capitalising on cargo opportunities emerging from the proposed India-UK free trade agreement (FTA), according to Chairman and CEO Sean Doyle.The airline currently operates 56 weekly flights across five Indian cities-…
Reserve Bank of India’s (RBI) NEW DELHI: The Reserve Bank of India (RBI) imposed penalties totalling Rs 54.78 crore on regulated entities (REs) during the fiscal year ending March 31, 2025, for contraventions and non-compliance with statutory provisions and regulatory directions.According to the RBI’s Annual Report for 2024-25, released on Thursday, the central bank undertook…
LONDON: Britain will invest £1.5 billion ($2 billion) in new weapons factories to ramp up defence production capacity, the government said on Saturday, ahead of a major review of its armed forces and military strategy.The Strategic Defence Review, due to be published Monday, will assess the threats facing the UK amid Russia’s ongoing war in…
