BUSINESS
17 scheduled airlines operating in the country, DGCA issued 718 Air Operator Certificate
As per a written reply by the Ministry of Civil Aviation in Rajya Sabha on Monday, at present, there are 148 operational airports in the country, which includes 137 airports, two water aerodromes and nine heliports. There were 96 operational airports of the Airports Authority of India as on March 2017.
AI platforms for healthcare industry to reach $4.3 bn in 2024: Report
This is owing to the added integration of digital health tools and technologies such as AI and Machine Learning (ML) into the healthcare industry due to the impact of the Covid-19 pandemic, said the report by GlobalData, a data and analytics company. Various healthcare companies are already implementing high-tech solutions into existing healthcare systems.
CoCo bonds fall sharply over Credit Suisse deal
Invesco's AT1 Capital Bond exchange-traded fund, which tracks the value of AT1 debt issued by banks, is down 15 per cent, The Guardian reported. These AT1 bonds, known as "contingent convertible" debt or CoCos, are designed to be triggered at times of market turbulence. They are basically shock absorbers to activate in a crisis if a bank's capital levels fall below a certain point in a crisis, AT1s are converted into equity, or written off.
Galaxy S23 series to stay in demand in India despite slowdown: T.M. Roh
Rising adoption of 5G smartphones and global consumer trend to buy smartphones that are more reliable will lead to growth in the Indian market, Dr Roh told IANS. "Demand for premium smartphones, with a price tag of over $400 in India, is rising quickly as the 5G network expands. The 5G smartphone market here is expected to grow by over 60 per cent in 2023, with the premium smartphone market projected to grow by more than 30 per cent," he elaborated.
Gizmore launches new premium looking smartwatch 'Vogue' with 1.95-inch display at Rs 1,999
The smartwatch comes available in three colour options -- Black, Orange and White. It will be available for purchase from March 2023 on the company's official website and online store. It is a trendy smartwatch with an eye-catching design and packs all the modern features young tech enthusiasts look for at a budget-friendly price.
Air India to temporarily decrease flights on certain US routes
The CEO said the the carrier will reduce few flights to San Francisco and Newark airports for the next three months. Air India has a staff strength of around 11,000, including flying and non-flying employees. While speaking at the CAPA India Summit, Wilson said: "There is a lot happening,", adding that the airline has taken significant steps to improve passenger experience.
Domestic airlines carry 2.46 cr passengers during Jan-Feb, log 74.50% annual growth
According to data published by the Directorate General of Civil Aviation (DGCA) on Monday, nearly 1.21 crore passengers were carried by the domestic airlines in February as against 76.96 lakh in the same period last year. However, February's domestic traffic recorded a marginal decline as compared with the previous month when the figure was 1.25 crore.
European bank shares drop after Credit Suisse bailout
Major falls were seen in early trading in Germany's Deutsche Bank and France's BNP Paribas, although shares in both have since recovered some losses, the BBC reported. BNP is still down about 5 per cent and Deutsche Bank 6 per cent. In the UK, shares in Standard Chartered, HSBC and Barclays also took an early hit.
Delhi govt tables Eco Survey, per capita income grew by 14.18% in 2022-23
The survey was tabled by Delhi Finance Minister Kailash Gahlot on Monday in the Assembly. According to the survey report, the per capita income in the capital has always been around 2.6 times higher compared to the national average both at the current and constant prices. The per capita income of Delhi at current prices reached the level of Rs 3,89,529 in 2021-22 as compared to Rs 3,31,112 in 2020-21.
'One key solution to India-Pak disputes is through transit trade'
Kumar made the remark at the Lahore Chamber of Commerce event where he highlighted that the two neighbours will have to find ways to normalise ties, adding that New Delhi wants good relations with Islamabad because the geographical reality of both countries cannot be changed. India is interested in tapping the Central Asian.
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