Air India and Singapore Airlines (SIA) have significantly expanded their codeshare partnership, adding 11 Indian cities and 40 international destinations. This marks the first major expansion of their codeshare agreement since 2010, with the new network set to be rolled out from October 27, 2024. Both airlines plan to progressively include more destinations under the…
The International Monetary Fund (IMF) has kept India’s GDP growth forecast for FY25 unchanged at 7%, noting that growth will moderate from 8.2% in 2023 to 7% in 2024 and 6.5% in 2025. According to the IMF’s World Economic Outlook, this moderation is due to the exhaustion of pent-up demand accumulated during the COVID-19 pandemic,…
A ministerial panel under the Goods and Services Tax (GST) has proposed tax relief for term life insurance premiums and health insurance for senior citizens. In a meeting on Saturday, most members of the panel supported exempting term life insurance premiums for all individuals, including plans covering family members. Additionally, health insurance premiums for senior…
Byju Raveendran, the founder and former CEO of Byju’s, recently revealed that the ed-tech giant, once valued at $22 billion, now has a “zero” net worth. In a statement to journalists, Raveendran emphasized the financial challenges the company faced due to its rapid expansion and acquisition of over 24 startups, leading to a crisis in…
Reserve Bank of India (RBI) Governor Shaktikanta Das has cautioned that an interest rate cut at this stage would be “premature and very risky,” as inflation continues to remain a key challenge. Speaking at the India Credit Forum hosted by Bloomberg, Das emphasized that with inflation expected to stay above 5%, cutting the repo rate…
Vistara Chairman Bhaskar Bhat highlighted that the upcoming merger between Vistara and Air India will integrate the best practices of both airlines to enhance passenger services. Set to be completed by November 11, the merger is part of Tata Group’s consolidation of its airline business. Vistara, a joint venture between Tata Group and Singapore Airlines,…
Ratan Naval Tata, born on December 28, 1937, in Bombay (now Mumbai), India, stands as one of the most iconic figures in Indian industry. As the former chairman of Tata Sons, he led the Tata Group to new heights, transforming it into a global conglomerate with interests spanning from steel and automobiles to software and…
Benchmark indices Sensex and Nifty ended lower on Wednesday after erasing early gains due to late selling in major stocks like Reliance Industries, ITC, and HDFC Bank. This occurred even as the Reserve Bank of India (RBI) took its first step towards a potential rate cut in its latest monetary policy review. The 30-share BSE…
A survey by global digital travel company Booking.com highlights that health and safety concerns are the primary obstacles for foreign tourists planning a trip to India. The survey, conducted in August among 2,000 adults from 19 countries, revealed that 32% of respondents listed “getting sick” as their biggest worry, while 27% cited “safety and security”…
The Indian alcoholic beverage (alcobev) industry is expected to see a revenue growth of 8-10% in FY2025, driven by a revival in the consumption of spirits, according to a report by the rating agency ICRA. This growth will be supported by the premiumisation trend and price hikes granted by some state governments in the current…
