Airspace closures, rising jet fuel costs to hit IndiGo, SpiceJet’s profitability as cancellations amount

Geopolitical tensions between Israel and Iran have forced Indian airlines to cancel flights to the Middle East and parts of Europe, impacting up to 40% of Air India’s capacity.   The conflict between Israel and Iran has impacted the Indian airline carriers’ capacities, as geopolitical tensions have caused cancellations of all flights to the area…

LG Electronics IPO explodes with record bids: Check allotment status, GMP

LG Electronics IPO has received the highest-ever bids of ₹4.4 trillion, eclipsing the previous record held by Bajaj Housing Finance. Check share allotment status, latest GMP, tentative listing date   LG Electronics IPO allotment status:  Investors on Dalal Street are awaiting the basis of allotment for shares of LG Electronics India Ltd, the appliance major…

Govt to set up task force for next-generation reforms, says PM Modi

Prime Minister Modi announces a task force to revamp economic laws, cut compliance costs, and boost India’s competitiveness as part of the 2047 developed nation vision The government will set up a task force for the next-generation reforms aimed at overhauling laws, rules, and procedures governing economic activity, Prime Minister Narendra Modi said in his…

OpenAI’s $30bn Oracle deal: Largest AI deal that could reshape the future of Cloud AI

The partnership is part of OpenAI’s Stargate initiative, an ambitious $500 billion plan to build out 10 gigawatts of AI infrastructure across the US over the next four years.   Oracle and OpenAI have signed a mammoth deal, which potentially amounts to OpenAI paying $30 billion annually to Oracle for its data centre services. OpenAI…