Flight disruptions climbed sharply across the US on Sunday, with cancellations and delays far exceeding normal levels amid mounting pressure on the aviation system from the ongoing government shutdown. Over 2,100 flights were cancelled on Sunday due to the shutdown and the FAA’s recent order to scale back air traffic, according to The Associated Press….
Market experts expect range-bound movement influenced by mixed global factors. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in green on Monday. While Nifty50 was above 25,550, BSE Sensex was up over 200 points. At 9:16 AM, Nifty50 was trading at 25,567.90, up 76 points or 0.30%. BSE…
Asian equities climbed on Monday, supported by optimism that a US government shutdown may be avoided and recovering from last week’s concerns over AI valuations.Hong Kong’s HSI climbed to 26,409, up 167 points or 0.64%. Kospi traded up 112 points or 2.8%, reaching 4,065. In Japan, Nikkei gained 490 points or 0.98% to stand at…
MUMBAI: Two months after taking charge amid a management reshuffle following a derivative loss that took a toll on valuations, IndusInd Bank MD & CEO Rajiv Anand has outlined plans to restore system-level growth by FY27, targeting a 1% RoA within 12–18 months, led by commercial vehicle financing and new ventures in wealth management, acquisition…
NEW DELHI: Adani Enterprises is likely to emerge as the highest bidder to acquire Jaiprakash Associates Ltd (JAL) through insolvency process as its offers to pay acquisition amount in two years have been found better than Vedanta’s bid to make payments in five years, sources said.In early September, mining conglomerate Vedanta Group had beaten Adani…
Nuvama maintained its buy rating on UPL with the target price upped to Rs 823 from Rs 808 earlier. Analysts said the company reported strong numbers for July-Sept quarter (Q2FY26) that led to higher outlook for earnings before interest, taxes, depreciation and amortisation (EBITDA), with revenue guidance unchanged. They also said that inventory overhang has…
NEW DELHI: Amid volatile geopolitics and rapid shifts in markets and technology, certain companies are evaluating the idea of two leaders sharing the corner office. Over the past few weeks, global firms, including Comcast, Oracle and Spotify, have announced transitions to co-CEO structures, while discussions have begun closer home on whether a dual leadership can…
NEW DELHI: The Centre is set to check proliferation of quality control orders (QCOs) and ease implementation pangs amid widespread criticism by industry, especially from those dependent on imported inputs. Besides, there are multiple complaints of a bunch of “consultants” operating to facilitate clearances. Currently, there are 191 QCOs, covering 773 products, ranging from furniture…
BENGALURU: Hexaware’s revenue for the Sept quarter rose to $394.8 million, registering a 3.3% sequential and 5.5% year-on-year increase in dollar terms. In constant currency, revenue grew 3.4% quarter-on-quarter and 5.2% year-on-year. Net profit, however, declined 5.4% sequentially. CEO R Srikrishna said the company is witnessing steady momentum across sectors, with financial services, travel, and…
The US air cargo industry is bracing for fresh turbulence as the Federal Aviation Administration’s (FAA) 10% reduction in flight capacity across 40 major airports collides with the grounding of UPS and FedEx’s McDonnell Douglas MD-11 fleets, deepening pressure on supply chains ahead of the crucial Thanksgiving and holiday shipping season.The FAA ordered airlines to…
