NEW DELHI: IndiGo has finally started acting against officials who were seen to be responsible for last Dec flight fiasco. The airline on Friday appointed Captain Rohit Rikhye as the head of its operations control centre (OCC), removing Jason Herter from the position. The Directorate General of Civil Aviation (DGCA) had in its report on…
Thousands of US businesses scored a major victory after the US Supreme Court struck down emergency tariffs imposed by President Donald Trump. However, while companies welcomed the decision, the process of getting refunds worth billions of dollars is expected to be slow and complex.In a landmark ruling with global economic implications, the court said Trump…
US stocks traded with modest gains in tentative trading on Friday after the Supreme Court struck down President Donald Trump’s sweeping tariffs, a move that had previously contributed to market volatility, AP reported. The Dow Jones Industrial Average rose 128 points, or 0.3 per cent. The S&P 500 gained 0.4 per cent, while the Nasdaq…
Growth in India’s eight core infrastructure sectors slowed to a two-month low of 4 per cent in January, according to official data released on Friday, reflecting weakness across most key industries. The growth rate stood at 5.1 per cent in January 2025 and 4.7 per cent in December 2025, PTI reported.Crude oil and natural gas…
US economic growth slowed more than expected in the final quarter of 2025, official data showed on Friday, marking a softer end to the first year of Donald Trump’s return to the presidency.The world’s largest economy expanded at an annualised rate of 1.4 per cent in the October–December period, according to estimates released by the…
Foreign exchange reserves climbed sharply to a new record level in the week ended February 13, rising by $8.663 billion to $725.727 billion, the Reserve Bank of India (RBI) said on Friday, PTI reported.The latest increase follows a decline of $6.711 billion in the previous reporting week, when the reserves had slipped to $717.064 billion….
The government on Friday announced seven measures, including credit assistance for e-commerce exporters and support for alternative trade finance instruments, aimed at boosting India’s outbound shipments and strengthening export competitiveness.The initiatives form part of the Rs 25,060 crore export promotion mission, under which three of the 10 proposed components had already been rolled out in…
Benchmark equity indices rebounded on Friday after the previous session’s sharp sell-off, with the Sensex rising 316 points and the Nifty ending above the 25,550 level, supported by buying in banking and metal stocks.The 30-share BSE Sensex climbed 316.57 points, or 0.38 per cent, to settle at 82,814.71. During the day, the benchmark gained 633.94…
Gold is not just another metal. For centuries, the yellow metal has been a symbol of safety and stability, serving as a reliable hedge when markets turn volatile. Centuries ago, kings hoarded it to display their power, then, as nations modernised, central banks began stockpiling gold to shield their economies against crises. But recently, gold…
In recent days, IT stocks have traded under constant pressure due to concerns related to rapid advancements in artificial intelligence. However, investors may now find some relief, as the country’s IT services industry, once feared to be at risk, could be better positioned to benefit from the AI-driven shift than previously expected, according to a…
