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Foreign investors started December on a sharply negative note, pulling out Rs 11,820 crore from the Indian equities in the first week. This offloading by the foreign portfolio investors was majorly driven by the steep decline of the rupee. This comes after the FPIs had briefly returned to buying in October, bringing in Rs 14,610…
Asian borrowers have begun turning their backs on the US, reaching out to other alternatives for fundraising as they aim to avoid US President Donald Trump’s tariffs. Now, they have turned towards Europe, pouring billions of dollars in bond issuance, hinting at a possible erosion of America’s dominance in global capital raising.Bloomberg data shows that…
Last week, half of the ten most valued companies managed to expand their market capitalisation. Together, five firms added Rs 72,284.74 crore in value, with Tata Consultancy Services (TCS) and Infosys accounting for the bulk of the gains. Over the same period, the BSE benchmark closed with a narrow rise of just 5.7 points, while…
The Economist, with its usual understated British charm, has named “slop” the word of the year. And for once, the British got the mood right.Slop. It’s not a tech term. It’s not a buzzword from a TED Talk. It’s what pigs eat. Or used to, until the pigs got an upgrade and the humans got…
As IndiGo battles an unprecedented operational crisis, the airline said its Board of InterGlobe Aviation is doing “everything possible” to ensure refunds for cancelled flights. The parent company has also set up a Crisis Management Group to monitor the situation, PTI reported. The operational crisis that has spanned across the sixth day has prompted both…
Netflix’s takeover of Warner Bros Discovery has shaked up not just Hollywood but also caused India’s cinema industry. Multiplex Association of India (MAI) recently warned that the latest bout of consolidation could undermine the country’s theatrical ecosystem. The association has highlighted a worrying trend: global streaming platforms purchasing major studios. According to MAI, the shift…
Representative image (AI-generated) NEW DELHI: IndiGo’s nationwide operational crisis entered its fifth day on Satuday, with the airline cancelling over 800 flights, even as the government tightened oversight, imposed fare caps, ordered immediate refunds and warned of regulatory action for any non-compliance. While the disruptions continued to affect thousands of passengers across the country, the…
Five days after widespread flight disruptions triggered by IndiGo cancellations, Tata Group-owned Air India on Saturday announced a special waiver on change and cancellation charges for eligible domestic bookings, aiming to offer relief to affected travellers, PTI reported.The airline said customers who booked tickets on Air India or its subsidiary Air India Express on or…
As many as 87% of IndiGo passengers surveyed want the airline’s service deficiencies to be examined under the Class Action provisions of the Consumer Protection Act (CP Act), 2019, following widespread flight cancellations and delays, according to a survey cited by PTI.The survey, conducted by LocalCircles, comes in the wake of IndiGo cancelling hundreds of…
Representative image (AI-generated) NEW DELHI: IndiGo’s nationwide operational crisis entered its fifth day on Satuday, with the airline cancelling over 800 flights, even as the government tightened oversight, imposed fare caps, ordered immediate refunds and warned of regulatory action for any non-compliance. While the disruptions continued to affect thousands of passengers across the country, the…
