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Category: Business Updates

Business Updates

Pilot issues are behind us; airline ‘dead set against’ no-poaching pact for pilots: Akasa Air CEO

January 10, 2023By businessreputationdata

Akasa Air, which has been flying for more than a year, has more than 450 pilots and the number will go up as it expands the fleet from 20 aircraft now.

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Business Updates

RBI Policy: MPC hits pause button for 4th time, repo rate unchanged at 6.5%

January 9, 2023By businessreputationdata

RBI Monetary Policy: The Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday announced that the monetary policy committee (MPC) has decided unanimously to keep the policy repo rate unchanged at 6.50 per cent.

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Business Updates

Global coal industry expected to layoff over 4 lakh miners by 2035: Report

January 8, 2023By businessreputationdata

The coal industry is expected to shed more than four lakh mining jobs, equivalent to nearly 100 workers per day, by 2035, even without climate pledges or policies to phase out coal, with China and India likely to be the hardest hit, according to a new report.

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Business Updates

Infosys Q1 Results: IT major’s net profit jumps 11%; firm lowers FY24 growth outlook

January 6, 2023By businessreputationdata

Adani Group will continue to use its ACC and Ambuja cement brands to sell cement products and has no plans to merge the two entities, Ajay Kapur, chief executive officer of both cement companies, said at an annual shareholder meeting.

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Business Updates

India one of the world’s most competitive aviation markets: IndiGo CEO

January 5, 2023By businessreputationdata

IndiGo is India’s largest carrier with a domestic market share of more than 63 per cent and is also expanding its international operations.

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Business Updates

GST Council meet: Opposition-ruled states raise concerns over inclusion of GSTN under PMLA

January 4, 2023By businessreputationdata

From the Sensex pack, Sun Pharma, Maruti, Tata Motors, ITC, Nestle, Larsen & Toubro, Infosys, Asian Paints, Titan, Tech Mahindra, Power Grid and Reliance Industries were the major gainers.

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Business Updates

China Evergrande soars after property developer’s stocks resume trading

January 4, 2023By businessreputationdata

Shares of debt-laden property developer China Evergrande Group soared Tuesday after they resumed trading in Hong Kong following a suspension last week.

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Business Updates

Automobile retail sales jump 20% in September as demand soars in festive season

January 4, 2023By businessreputationdata

Overall automobile registrations rose to 18,82,071 units last month from 15,63,735 units in September 2022, the Federation of Automobile Dealers Associations (FADA) said in a statement.

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Business Updates

Tesla on two wheels? Ola Electric feels the strains of success

January 4, 2023By businessreputationdata

Bhavish Aggarwal’s Ola Electric, which he likens to Tesla in the West, is zipping towards a stock-market listing after going from zero to 338,000 e-scooter sales in about two years.

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Business Updates

India-UK FTA talks in final stages, business mobility on the table

January 3, 2023By businessreputationdata

India and the UK are “actively” discussing business mobility under the proposed FTA, the UK minister said, clarifying that the overall visa liberalisation issues do not come under the ambit of trade pacts.

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