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Category: Business

Kerala-Based Travel Services Operator Alhind Group Receives Nod to Start an Airline – News18

Posted on August 19, 2024 By Admin No Comments on Kerala-Based Travel Services Operator Alhind Group Receives Nod to Start an Airline – News18
Kerala-Based Travel Services Operator Alhind Group Receives Nod to Start an Airline – News18

Alhind Group is looking to start airline operations by the end of this year. Alhind Group is looking to start Alhind Air operations by the end of this year after receiving the Air Operator Certificate from the Directorate General of Civil Aviation (DGCA). Kerala-based travel services operator Alhind Group has received the Civil Aviation Ministry’s…

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Business

Gold Boosts Returns And Lowers Risk, While Bitcoin Heightens Volatility: World Gold Council

Posted on August 17, 2024 By Admin No Comments on Gold Boosts Returns And Lowers Risk, While Bitcoin Heightens Volatility: World Gold Council
Gold Boosts Returns And Lowers Risk, While Bitcoin Heightens Volatility: World Gold Council

New Delhi: Gold consistently reduces portfolio volatility while improving returns, even with increased allocation. By simulating portfolio performance with varying allocations of gold (2.5 per cent to 10 per cent), it’s evident that the metal bolsters return without adding significant risk, according to World Gold Council. On the other hand, Bitcoin shows diminishing returns as…

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Business

Boost for IAF’s fighter fleet! Sukhoi 30-MKI jets likely to get new engines in Rs 21,000 crore deal – Times of India

Posted on August 15, 2024 By Admin No Comments on Boost for IAF’s fighter fleet! Sukhoi 30-MKI jets likely to get new engines in Rs 21,000 crore deal – Times of India
Boost for IAF’s fighter fleet! Sukhoi 30-MKI jets likely to get new engines in Rs 21,000 crore deal – Times of India

Sukhoi 30-MKI fighter jets set for a boost! The Defence Ministry is looking to sign a deal worth approximately Rs 21,000 crore to procure jet engines for its Su 30MKI fighter fleet. Hindustan Aeronautics Limited (HAL) will manufacture the engines in India, starting from the raw material stage, to replace the ageing engines nearing the…

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Business

The ‘superfood’ taking over fields in northern India

Posted on August 12, 2024 By Admin No Comments on The ‘superfood’ taking over fields in northern India
The ‘superfood’ taking over fields in northern India

Phool dev Shahni Phool dev Shahni makes a living harvesting makhana or lotus seeds Like his father and grandfather before him, Phool dev Shahni once made a living by diving to the bottom of 8ft-deep (2.4m), muddy ponds. “I used to dive in 7 to 8ft of water for hours a day – coming to…

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Business

Debt soars to record Rs74.6 trillion | The Express Tribune

Posted on August 9, 2024 By Admin No Comments on Debt soars to record Rs74.6 trillion | The Express Tribune
Debt soars to record Rs74.6 trillion | The Express Tribune

ISLAMABAD: As Pakistan’s public and guaranteed debt has surged to a record Rs74.6 trillion by the end of June, a new report by the Finance Ministry assesses that in case of any new macroeconomic and fiscal shock the debt and financing needs would jump to unsustainable levels”. The Ministry of Finance’s Debt Sustainability Analysis report…

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Business

NEPRA hikes electricity prices by Rs. 2.56 per unit – SUCH TV

Posted on August 8, 2024 By Admin No Comments on NEPRA hikes electricity prices by Rs. 2.56 per unit – SUCH TV
NEPRA hikes electricity prices by Rs. 2.56 per unit – SUCH TV

Electricity prices across Pakistan have been increased by Rs2.56 per unit for the month of June. The National Electric Power Regulatory Authority (NEPRA) issued the decision in response to a fuel adjustment request, raising electricity prices. The Central Power Purchasing Agency (CPPA) had initially requested an increase of Rs2.63 per unit, but NEPRA approved a…

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Business

Unacademy CEO Picks $400 Burberry T-shirt For ‘No Appraisal’ Announcement Meeting – News18

Posted on August 6, 2024 By Admin No Comments on Unacademy CEO Picks $400 Burberry T-shirt For ‘No Appraisal’ Announcement Meeting – News18
Unacademy CEO Picks $400 Burberry T-shirt For ‘No Appraisal’ Announcement Meeting – News18

Published By: Business Desk Last Updated: August 06, 2024, 18:10 IST Purportedly dressed in a $400 (Rs 33,000 approx.) Burberry T-shirt, the CEO’s ironical appearance has everyone’s attention. Unacademy Announces ‘No Appraisals’ For Employees While the wave of layoffs continues to hit multiple industries, Unacademy, a major player in the Indian edtech sector, is not…

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Business

SBI Customers Beware! Govt Issues Warning On New Scam Messages – Important Details Inside

Posted on August 4, 2024 By Admin No Comments on SBI Customers Beware! Govt Issues Warning On New Scam Messages – Important Details Inside
SBI Customers Beware! Govt Issues Warning On New Scam Messages – Important Details Inside

New Delhi: The government has issued a warning to State Bank of India (SBI) customers about a new fraudulent message circulating on social media. This scam involves a message claiming to be from SBI, instructing recipients to download an APK file to redeem reward points, according to the Fact Check Unit of the Press Information…

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Business

How do interest rates affect inflation and mortgages?

Posted on August 1, 2024 By Admin No Comments on How do interest rates affect inflation and mortgages?
How do interest rates affect inflation and mortgages?

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email The Bank of England is set to announce its decision on whether interest rates will be cut later today as experts say the decision is “on a knife-edge.” Some analysts are hoping the…

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Business

Min balance fines fetch PSBs Rs 8.5k crore in 5 years – Times of India

Posted on July 31, 2024 By Admin No Comments on Min balance fines fetch PSBs Rs 8.5k crore in 5 years – Times of India
Min balance fines fetch PSBs Rs 8.5k crore in 5 years – Times of India

MUMBAI: Public sector banks have collected Rs 8,495 crore over five years from depositors who did not have enough money in their savings accounts by way of fines for not maintaining minimum balance. This works out to an average of Rs 1,699 crore a year and is more than what govt has budgeted for incentivising…

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Business

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