BUSINESS
PM Modi congratulates Air India and Airbus on aircraft deal
The deal includes 40 A350 wide-body long-range aircraft and 210 narrow-body aircraft. "I congratulate Air India and Airbus for this landmark agreement. The deal is a testament to the deepening relationship between India and France as well as the successes and ambitions of India's civil aviation industry," PM Modi said.
Adani Enterprises post net profit of Rs 820 cr in Q3, revenue up 42%
The company's revenue from operations surged 42 per cent to more than Rs 26,000 crore, while EBIDTA doubled year-on-year to Rs 1,968 crore. "Our fundamental strength lies in mega-scale infrastructure project execution capabilities, organisational development and exceptional O&M management skills comparable to the best in the world," said Adani group Chairman Gautam Adani.
Fitch downgrades Pakistan's rating, says default a real possibility
Falling reserves reflect large, albeit declining, current account deficits (CADs), external debt servicing, and earlier FX intervention by the central bank, particularly in 4Q22, when an informal exchange-rate cap appears to have been in place, the statement mentioned, the report said.
Air India places big order to buy 250 aircraft from Airbus
Tata Sons Chairman N. Chandrasekaran on Tuesday said Air India has signed a letter of intent to acquire 250 aircraft from Airbus. It will include 40 wide-body A350 planes and 210 narrow-body aircraft. Talking about Air India, he said that "a lot of emotions are involved in this project".
Microsoft may bring ChatGPT Bing AI to Android, iOS soon
The tech giant is working on a "substantial optimised interface" for Bing.com's Chat UI for Android and iOS, which includes all-new OpenAI-powered content, reports Windows Latest, citing sources. In an email sent out to testers, Microsoft confirmed that the mobile experience is not yet ready, according to the report.
No attrition problem at top level, says Zomato CEO
In a tweet, Goyal said that there has been a lot of chatter about the culture at Zomato after a series of exits over the last few months. "Well, there are more than 200 people at Zomato who have spent more than 7 years at the company," he posted. Goyal further said that many of these employees are on their second (and third) stint at Zomato, and have been around since 2011-12.
'Uphold ethical standards or face disciplinary action': Air India tells cabin crew
Sources said that the airline's in-flight safety department gave instructions on Monday not to engage in any of the acts which are against the TCOC (Tata Code of Conduct). As per sources, the communication was issued against the backdrop of a recent incident where a wide-body plane pilot allegedly was caught with two iPhone14 at the Delhi airport and was asked to pay Customs duty because of that.
Aero India 2023: Rajnath Singh hardsells India advantage for defence sector to global OEM CEOs
He described it as a win-win situation where defence manufacturing companies from across the world can become a part of the Indian growth story. Rajnath Singh emphasised the importance of the defence sector for India. "Defence production meets the twin goals of becoming self-reliant in a critical sector as well as generating jobs for our people."
India security, risk management spending to rise 8% in 2023
Like 2022, security services will remain the segment that will achieve the highest levels of end-user spending in India in 2023, according to Gartner. "The increase in adoption of digitalisation, cloud applications and the rise in remote workers exposes Indian organisations to greater security risks," said Rustam Malik, Senior Principal Analyst at Gartner.
Digital lending may pip traditional lending on unsecured loans by 2030
This will be driven by unsecured small-ticket size segment and the secured collateral-based high-ticket size market, according to the latest white paper by Experian India in collaboration with the Digital Lending Association of India (DLAI). As co-lending becomes the predominant operating model in India, more traditional lenders will collaborate with fintechs to reach.
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