Monthly archives: March, 2022

Two top IndiGo’s executives quit in 2 days as Rahul Bhatia is named MD

Two top IndiGo's executives

IndiGo’s Chief Commercial Officer Willy Boulter said he will resign after July, just a day after Chief Financial Officer Jiten Chopra quit the biggest budget airline in Asia by market value. The top management churn at IndiGo, operated by InterGlobe Aviation Ltd., comes after billionaire co-founder Rahul Bhatia was appointed in a newly-created executive role …

RBI risks falling behind curve on curbing inflation like US Fed: SBI Funds

RBI risks falling behind curve

India’s central bank may have to pay a bigger price for ignoring inflation by tightening interest rates much more aggressively later, as the Federal Reserve is doing now, according to the nation’s largest asset manager. “If you don’t normalize gradually and preemptively, you may be in a situation down the line where you have to slam …

Omicron variant wipes out Delta completely in Tamil Nadu Covid cases

Omicron variant wipes out Delta c

The Tamil Nadu Directorate of Public health in a statement said that the Delta variant of Covid-19 is now totally replaced by the Omicron variant in the state. The report of the state public health department said that 68.4 percent of all whole-genome sequenced samples were of the BA.2 variant while 15.2 percent were of …

First direct flight between Gorakhpur-Varanasi under UDAN-RCS flagged-off

First direct flight between Gorakhpur-Varanasi

The first direct flight between Gorakhpur and Varanasi was flagged-off on Sunday. SpiceJet was awarded the route under the RCS-UDAN 4.1, as per a press release by the Ministry of Civil Aviation. The airline will be operating daily flights and will deploy its Q400, 78-seater turboprop aircraft designed for shorter-distance flights on the route. SpiceJet is India’s largest regional carrier. The airline operates …

Amazon jumps on plan to split stock by 20-to-1 ratio, buy back up to $10 bn

Amazon jumps on plan to split stock

Amazoncom Inc. .is planning to split its stock for the first time in more than two decades in a move that will end an era of four-digit stock prices for the biggest U.S. technology companies. Amazon intends to boost its outstanding shares by a 20-to-1 ratio, under a plan disclosed late Wednesday, joining other technology giants like …

Indian authorities rescue Pakistani student stranded in war-hit Ukraine

Indian authorities rescue Pakistani student

Amid escalating tensions between Russia and Ukraine, a Pakistani student stranded in the war-hit country was rescued by the Indian authorities. According to sources, Pakistan’s Asma Shafique, who was rescued by the Indian authorities, is now en route to Western Ukraine for further evacuation out of the country. She will be reunited with her family …

IGL surges 10% on reports of CNG price hike; MGL rises 8% in choppy market

IGL surges 10% on reports of CNG price

Shares of city gas distribution (CGD) companies, Indraprastha Gas (IGL) and Mahanagar Gas (MGL), rallied up to 10 percent in the intra-day trade on Tuesday amid reports of IGL announcing a hike in prices of compressed natural gas (CNG) in the Delhi-NCR region. The prices have been hiked by 50 paise per kilo in Delhi while Re 1 per kilo in …

Russian President Putin allows firms to pay foreign creditors in ruble

Putin allows firms to pay foreign creditors in ruble

Russia and Russian companies will be allowed to pay foreign creditors in rubles, according to a decree signed by President Vladimir Putin on Saturday, as a way to stave off defaults while capital controls remain in place. The decree establishes temporary rules for sovereign and corporate debtors to make payments to creditors from “countries that engage in hostile …