Air India commits over $400m to fully refurbish existing widebody aircraft cabin interiors

New Delhi (IANS) Moving ahead on the transformation program, Air India on Thursday announced plans to refurbish its entire legacy widebody fleet, comprising 27 Boeing B787-8 and 13 B777 aircraft, committing over $400 million for the project.

This…

RBI hikes repo rate to 6.25%, 5th increase in a row

New Delhi (IANS) The Reserve Bank of India's (RBI) monetary policy committee (MPC) on Wednesday hiked the repo rate by 35 basis points (bps) to 6.25 per cent with immediate effect, Governor Shaktikanta Das announced.

It is the fifth straight…

Trust credibility of Indian regulations, India of today is different from what it was: RBI Guv

Chennai (IANS) The India of today is vastly different from what it was earlier and regulators of other countries should trust the credibility of Indian regulations, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Wednesday.

He…

Vedantu lays off 385 employees in 4th job cut round this year

New Delhi (IANS) Leading edtech platform Vedantu has laid off another 385 employees, its fourth round of job cuts this year, as the funding winter gets worsen, company sources told IANS on Wednesday.

The layoffs have happened across sales,…

India emerged as leading market in past 1 year: Motilal Oswal report

New Delhi (IANS) India has emerged as a standout market over the last 12 months, a research report titled "Bulls and Bears" by Motilal Oswal Financial Services Limited has said.

As global market-cap declined by 16.8 per cent ($19.9 trillion)…

Rupee has done relatively well, says World Bank economist

New Delhi (IANS) The rupee has done relatively better in 2022 compared to other emerging markets, World Bank economist Dhruv Sharma said on Tuesday.

In the last one year, the rupee has depreciated by around 10 per cent and though it may sound…

Takeaways from RBI's MPC meeting can be more than repo rate hike

Chennai (IANS) Apart from the decision on the repo rate hike by the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) at its upcoming meeting, one can also expect few more things post the discussions.

Economic experts expect…

Will RBI get more teeth to regulate PSU banks?

New Delhi (IANS) This has obviously made things lopsided when it comes to governance of Indian banks. For instance the Reserve Bank of India (RBI) can issue guidelines to private banks or foreign banks, but not to the PSBs. This anomalous duality…

Digital payments in India touch Rs 38.3 lakh cr at over 23 bn transactions

Mumbai (IANS) The Unified Payments Interface (UPI), debit and credit cards, prepaid payment instruments like mobile wallets, and prepaid cards logged 23.06 billion transactions amounting Rs 38.3 lakh crore in the third quarter this year, a new report…

China unrest: Apple fasts forwards plans to shift manufacturing to India

New Delhi (IANS) Apple is fast forwarding its manufacturing plans in India and Vietnam in the wake of China unrest over zero-Covid policy which has severely disrupted its supply chain, leading to an acute shortage of new iPhone 14 Pro models.