Touted as a game-changer for long-haul travel, the Dreamliner’s legacy has increasingly been overshadowed by a trail of technical flaws, manufacturing lapses, and mounting safety fears. Michael Gordon Whitaker is an American lawyer who served as the 19th administrator of the Federal Aviation Administration (FAA) from 2023 to 2025. In picture: Whitaker testifies before the…
May marks the fourth consecutive month that inflation has remained below 4 percent india’s inflation stays below 4 percent India’s retail inflation eased to a 75-month low of 2.82 percent in May, compared with 3.2 percent in April, as food inflation eased below 1 percent for the first time in nearly four years, according to…
China will supply rare earths and magnets upfront to the U.S. under a new trade deal announced by President Donald Trump. The agreement, still pending final approval, also includes U.S. concessions like easing restrictions on Chinese students. The agreement was reached after two days of rigorous discussions and expands on the agreement made during…
Online food delivery by Zomato and Swiggy is a decade-old story, and now offers stable take rate, with 5 per cent adjusted Ebitda targeted in the near-term. Rapido’s entry into the food delivery space, cross-utilising its 40 lakh rider network to best-use idle slots, at virtually zero incremental capex, is seen as threat to…
The India VIX, the fear factor turned more supportive for bulls and it fell by 4.61 percent to 14.02 levels, the lowest level since April 4. Nifty Trend The Nifty 50, as expected, reached 25,200 levels in early trade but could not sustain for long as profit booking pulled down the index to finish flat…
Top gainers: Top gainers on Sensex were Kotak Bank, Bajaj Finance, Axis Bank, IndusInd Bank, PowerGrid, Maruti and Bajaj Finserv shares, rising up to 3.19%. Benchmark indices Sensex and Nifty closed higher for fourth straight session as rate sensitive shares extended gains triggered by 50 bps repo rate cut last week. Nifty closed at…
Sebi announces a settlement window for brokers linked with unauthorised algo platforms promising assured returns; applications open from June 16 The Securities and Exchange Board of India (Sebi) on Monday announced a settlement scheme for stock brokers associated with certain algorithmic trading (algo) platforms that were found to be in violation of regulatory norms.…
The approval positions Starlink alongside OneWeb and Reliance Jio as India’s authorised satellite internet providers, with commercial rollout expected after spectrum allocation. Elon Musk’s satellite internet venture, Starlink, has received a key regulatory clearance from the Department of Telecommunications (DoT), Government of India, bringing it closer to launching its services in the country. With…
Lower repo rate means cheaper loans for homebuyers, auto buyers and businesses RBI’s bigger-than-expected rate cut is its last move for the year, economists say: Reuters poll Reserve Bank of India on June 6 announced reduction in its key repo rate by a larger-than-expected 50 basis points and this means good news for many sectors, including stock…
Benchmark equity indices rallied for the second consecutive day on Thursday as investors anticipated a rate cut by the Reserve Bank of India (RBI). After gaining over 900 points in the session, the 30-share BSE Sensex succumbed to profit booking to close 443.79 points or 0.55 per cent lower to settle at 81,442.04. As many…