NEW DELHI – India’s airlines are poised to cut their cumulative losses by as much as two-thirds in the financial year starting in April, aviation consultancy CAPA India said on Tuesday, with airline executives saying ticket prices are finally rising. The consultancy’s forecast is for Indian carriers to […]
New Delhi, Jan 30: Jet Airways is actively engaged with all its aircraft lessors and are being updated about efforts to improve liquidity, the airline said Wednesday amid flight cancellations due to grounding of aircraft. The crisis-hit carrier also said that flight cancellations were necessitated due to a scheduled […]
NEW DELHI – The government has sacked two executives of the state-run Punjab National Bank (PNB) for allegedly failing to prevent a $2 billion fraud, two sources said on Sunday, nearly a year after the country’s biggest bank scam came to light and also dragged the government into […]
Mumbai, Jan 4:The BSE benchmark Sensex jumped 181 points Friday while the NSE Nifty reclaimed the 10,700-mark, driven by robust buying in banking, metal and pharma stocks amid positive global cues and a strengthening rupee. After swinging over 350 points intra-day, the 30-share Sensex finally settled 181.39 points, […]
New Delhi, Dec 30: The government plans to rope in professionals for top positions at Air India through a global search process, as part of efforts to revive the national carrier, according to Civil Aviation Minister Suresh Prabhu. With the proposed strategic stake sale of the Air India failing […]
NEW DELHI – Indian carrier IndiGo said it will retrofit its entire Airbus A320neo fleet with a new software upgrade from engine-maker Pratt & Whitney after one of its planes was forced to make an emergency landing last week due to smoke in the cabin. The airline will […]
BEIJING — China’s foreign minister vowed Tuesday to protect its citizens abroad as a Canadian court decided whether to release a technology executive on bail in a case that has riled U.S.-Chinese relations. Beijing will “spare no effort” to protect against “any bullying that infringes the legitimate rights […]
—————————————————– The Facebook board of directors on Tuesday backed the social network’s number two executive Sheryl Sandberg, who is under fire for her role in pushing back against criticism of the social media giant. The board expressed support for Sandberg in a letter to Open Society Foundations — […]
WASHINGTON — Top executives from Google, Microsoft, IBM, Oracle and Qualcomm are planning to meet at the White House amid strained ties between President Donald Trump’s administration and the tech industry. The White House says the Thursday meeting will address efforts to advance American leadership in innovation and […]
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