BUSINESS
Air India to add over 4200 cabin crew, 900 pilots in 2023
Earlier this month, Air India announced a mega order to purchase 470 aircraft from Boeing and Airbus to support its growth plans. It has already announced plans to lease 36 aircraft of which two B 777-200LR have already joined the fleet. The cabin crew, who will be recruited from around the country, will undergo a 15-week programme imparting safety and service skills.
Govt working towards making markets accessible to farmers: PM
"Every budget in recent years has been called a budget for gaon, gareeb and kisaan. The government is working towards making domestic and international markets accessible to the farmers," Modi said in his virtual address. Various decisions are being continuously taken in the budget to promote the agricultural sector so that the nation becomes 'atmanirbhar' and the money.
'Won't injunct media', SC refuses plea to gag media from reporting Adani-Hindenburg issue
Advocate M.L. Sharma mentioned the matter before a bench headed by Chief Justice of India D.Y. Chandrachud. The Chief Justice told Sharma, "We are not going to issue any injunction to the media ever... We will pronounce orders shortly." When Sharma repeated his request by saying that the media was creating a sensation, the Chief Justice said.
PM urges developed nations to stabilise global economy
Addressing the first meeting of the Finance Ministers and Central Bank Governors (FMCBG) under India's G20 presidency in Bengaluru virtually, Modi said: "It is up to the custodians of the leading economies and monetary systems of the world to bring back stability, confidence and growth to the global economy." The Prime Minister urged the members to focus their discussions.
Lab grown diamonds are used in satellites, computer chips & jewellery
Besides, the jewellery industry, LGD are used in computer chips, satellites and 5G networks as they can be used in extreme environments due to their potential to operate at higher speeds while using less power than silicon-based chips. The LGD has vast application in the field of defence, optics, jewellery, thermal and medical industry.
Pakistani central bank's forex reserves rise $66 mn
During the week ending on February 17, the total foreign exchange reserves of the SBP rose to around $3.26 billion, the SBP added on Thursday in a statement. Net foreign reserves held by commercial banks came at $5.47 billion, it said. Total liquid foreign reserves held by the South Asian country stood at about $8.73 billion, according to the central bank.
Indian banks to issue bonds to maintain capital levels: CARE Ratings
"To support credit-off take, banks are expected to shore up their liability franchise by raising capital (AT1 bonds, other debt instruments such as infrastructure bonds) and deposits. The market has been facing lower liquidity and elevated inflation, hence borrowing costs for deposits and the cost of raising capital are expected to increase," the credit rating agency said in a report.
Global trade remains resilient despite Russia-Ukraine war: WTO
According to the information note released on Thursday, trade growth in 2022 was above the agency's forecast of 3 per cent issued in last April and substantially higher than its estimates for more pessimistic scenarios for the year. For the longer-term outlook, new WTO simulations show the importance of strengthening the multilateral trading system, with least-developed countries likely.
Biden names Indian-American Ajay Banga to head World Bank, Harris says will be 'transformative' chief
If confirmed by the US Senate, Bang will be the first person of Indian descent to head the World Bank. He will succeed David Malpas, who was appointed to head the bank by fthen President Donald Trump. Banga will be the second American of Asian-American descent in that position; the first was Dr. Jim Yong Kim. The US has historically had a hold on the Presidency of the World Bank and the Europeans on the International Monetary Fund (IMF).
Toyota and Honda announce biggest pay rises in decades
They are the latest firms in the world's third largest economy to increase wages as prices jump, BBC reported. Official figures published last month showed Japan's rate of inflation was at its highest level in over 40 years. That has put pressure on businesses and authorities to help people as their spending power shrinks, the report said.
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