BUSINESS
Air India introduces new in-flight F&B menu for international flights, includes premium brands of spirits
Air India's First and Business Class customers who follow the vegan lifestyle will now be able to choose from a selection of plant-based meal options. Moreover, the airline's bar menu now features a range of premium brands of spirits as well as a new wine list that includes French and Italian wines.
Parliament passes Competition Amendment Bill
The bill proposes to expand the scope of cartel prosecution by bringing hybrid anti-competitive agreements (such as hub and spoke cartels) within its ambit to enable the Competition Commission of India to treat cartel facilitators (who actively participated) at par with the cartel participants.
Swiggy CTO moves on to start his entrepreneurial venture
In a statement to IANS, Swiggy said that Vaz will continue in his role till May and will be associated with the company for an extended period in an advisory role. "Madhusudan Rao will take over as CTO. Madhu has been with Swiggy for over four years and has decades of tech leadership experience with a proven track record of understanding what our customers need," the company said.
Value of assets seized in searches by Income Tax Department records rise
As per the data by the Ministry of Finance, the value of assets seized during the year 2021-22 was Rs 880.83 crore which increased to Rs 1,159.59 crore in the year 2021-22 and to Rs 1,533.23 crore in the year 2022-23 (till January 2023, provisional figures), Minister of State for Finance, Pankaj Chaudhary told the Lok Sabha in a reply.
AI a serious threat to several programming jobs: Zoho's Sridhar Vembu
Referring to the conversational AI platforms like ChatGPT and others, Vembu said that he has been saying internally for the past 4-5 years that "ChatGPT, GPT4, and other AI being created today will first affect the jobs of many programmers". Although there are positive uses of AI, he believes the complexity and depth of this technology are a concern.
PSBs transfer Rs 35,012 cr unclaimed deposits to RBI; SBI tops list with Rs 8,086 cr
Among the PSBs, SBI tops the list with an unclaimed amount of Rs 8,086 crore, while Punjab National Bank has Rs 5,340 crore and Canara Bank has Rs 4,558 crore. According to a written reply by the Minister of State, Finance, Bhagwat Karad in Lok Sabha on Monday, SBI has informed that it assists the family of the deceased in settling all cases of claims. "Settlement of account(s) of deceased constituent are taken up on priority by SBI.
Acuite Ratings revises downward India's BoP for FY23 to $17billion
In a research report, Acuite Ratings said India's current account deficit narrowed significantly to $18.2 billion (2.2 per cent of gross domestic product-GDP) in Q3 FY23 from $30.9 billion in Q2 FY23 (3.7 per cent of GDP).
Job vacancies in India's BFSI sector see significant growth in March: Report
The report by job platform Naukri showed that insurance and banking sectors are witnessing a secular bull run in new job creation, significantly contributing to the upward hiring trend in the overall white-collar job market of India.
Currency dealers offer $24b in loans to Pakistan to stay away from IMF package
Exchange Companies Association of Pakistan (ECAP) President Malik Bostan said: "We have offered $1 billion a month in financing to the government for the next two years to get rid of the IMF," The Express Tribune reported. The government must pass an order to allow exchange companies to borrow US dollars directly from overseas.
RBI's repo rate hike decision may not be unanimous
The MPC's first meeting of FY24 is being held between Monday to Thursday. The decision on the repo rate hike will be announced on Thursday. At the recent MPC meetings, the rate hike decisions were not unanimous with two external members -- Dr. Ashima Goyal, Emeritus Professor, Indira Gandhi Institute of Development Research, Mumbai; and Prof. Jayanth R. Varma, Professor, Indian Institute of Management, Ahmedabad, voting against the hikes.
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