Mumbai, Dec 10 (UNI) The Federation of Retailers Association of India (FRAI) has appealed to the Government of India for stronger measures to support small retailers, warning that thousands of local grocery and kirana shop owners are facing an existential crisis due to the rapid rise of e-commerce and quick-commerce platforms. “The rapid rise of…
New Delhi, Dec 10 (UNI) With the country’s aviation scenario getting back on track after facing major cancellations following the IndiGo issue, another carrier, SpiceJet, is now all set to have around 100 more daily flights in the winter schedule, after necessary regulatory approvals. This follows a day after the government curtailed 10 per cent…
New Delhi, Dec 9 (UNI) The Indian stock market today settled lower for a second straight session as caution prevailed ahead of the US Federal Reserve’s policy announcement, with BSE Sensex closing at 436.41 points or 0.51 percent lower at 84,666.28 and the broader NSE Nifty slipping to 25,839.65, down 120.90 points or 0.47 pc….
New Delhi, Dec 9 (UNI) Microsoft is set to invest $17.5 billion in India for AI, the announcement came after its chairman and CEO Satya Nadella met Prime Minister Narendra Modi ahead of its India AI tour. In their meeting, both leaders discussed the country’s AI roadmap and growth priorities, the company said in a…
By Special Correspondent Bhopal: Madhya Pradesh Congress Committee president Jeetu Patwari on Tuesday launched a sharp attack on the state government, alleging that the State was no longer battling a drug network but a “BJP relatives’ network”. He claimed that, instead of criminal syndicates, it was now the family members of ruling party leaders who…
New Delhi, Dec 9 (UNI) SpiceJet has inducted two Boeing 737 aircraft into its fleet, further strengthening its operational capability and capacity across key domestic and international routes. Both aircraft have completed all regulatory formalities and have already entered commercial service. They commenced operations on November 26 and 29, respectively, and are currently deployed on…
New Delhi, Dec 9 (UNI) After the Reserve Bank of India (RBI) cut down the major policy rate by 25 basis points to 5.25 percent, leading public and private sector banks have begun to reduce home loans. Leading private sector lender, HDFC Bank, has reduced its marginal cost of funds-based lending rates by up to…
New Delhi, Dec 8 (UNI) The retail sales of passenger vehicles (PVs) in the month of November recorded a 20 per cent growth on a year-on-year basis, said the Federation of Automobile Dealers Associations (FADA). It highlighted that the growth was registered owing to sustained consumer interest beyond the festive season, among other factors. The…
Mumbai, Dec 8 (UNI) Global credit rating agency Moody’s Ratings issued an official statement on Monday stating that widespread disruptions in IndiGo flights, could result in financial damage due to loss of revenue. In a note, Moody’s said the disruptions are “credit negative” for the airline. “Despite temporary reprieve, failure to effectively plan for new…
New Delhi, Dec 8 (UNI) The stock market on Monday began the week on a negative note, snapping a two-day winning run, as the Nifty lost nearly 1 per cent amid weakness in broader indices and selling across the sectors. At close, the Sensex was down 609.68 points or 0.71 per cent at 85,102.69, and…
