'Higher passenger traffic, free pricing, lower costs make tailwind for Indian airlines profitability next fiscal'

Chennai (IANS) Increased passenger traffic, free pricing and easing of cost pressures make the tailwind for the Indian airlines flying towards profitability next fiscal, said credit rating agency CRISIL Ratings in a sectoral report.

"India's…

Moody's raises India's economic growth projections

Chennai (IANS) Global credit rating agency Moody's Investors Service on Wednesday raised India's economic growth projections as well as several economies like the US, Russia, Euro area, China and others.

In all cases, strong data in…

Zoomcar partners Vistara to offer self-drive services to customers

New Delhi(IANS) Car-sharing platform Zoomcar on Wednesday announced its partnership with Vistara, a joint venture of Tata group and Singapore Airlines, to become its self-drive partner.

Customers can now avail a wide choice of self-drive cars…

Reliance Jio to bring 5G to every Indian by Dec 2023: Akash Ambani

New Delhi (IANS) Reliance Jio has launched True 5G service in 277 cities across the country and is on the path to achieve the declared goal to increase the Jio 5G footprint to cover every town, taluka and tehsil across the country by December this…

Indian firms investing more in content creation, workflow improvements: Report

New Delhi (IANS) Leading Indian brands have prioritised investments in the speed, scale and efficiency of their content creation capabilities and workflows to build stronger customer relationships and succeed in 2023, a new report revealed on Tuesday.

Thales to hire over 12K people globally in 2023, around 550 in India

New Delhi (IANS) In the deepening layoff season, French major Thales on Monday said it plans to hire more than 12,000 new employees, including 550 in India, to support its strong growth trajectory in its three core markets -- aerospace, defence and…

Consumer demand to stay low, tough times ahead for Indian startups

New Delhi (IANS) Consumer demand is expected to stay low over the coming quarters, as inflation continues to rise, creating a further slowdown phase for the startups in the country, a new report has said.

There is an ongoing risk of further…

No restriction on onion exports, says Centre

New Delhi (IANS) The Central government has said that it has not restricted or prohibited the export of onions, and that $523.8 million worth of onions from April to December 2022 were exported.

The extant export policy of onions is 'free',…

Early signs of market breakdown are here

Markets last week were under a lot of pressure and this was primarily on account of the Dow sending negative signals. Wednesday saw a sharp fall in markets from which there was no recovery.

At the end of the week with losses on all five…

India hopes to broaden G20 discussion on crypto assets beyond financial integrity concerns

New Delhi (IANS) With a view to informing policymakers on the broader macroeconomic and financial stability implications of crypto assets, the Indian Presidency requested the International Monetary Fund (IMF) to prepare a discussion paper on the topic…