Новости за 09.05.2024

Air India Express Layoffs: Following the cancellation of approximately 80 flights, Air India Express, under Tata ownership, has terminated the employment of 25 cabin crew members for their failure to report to work. The salaries of crew members have been reduced by nearly 20% due to the merger of Air India Express with AirAsia India.

The fundraising takes TPG's total Asia assets under management to $35 billion, spread across "dedicated Asia-focused private equity, real estate, and secondaries," the Texas, U.S.-based company said.

India's consumer price inflation is expected to ease to 4.80% in April, driven by persistent food inflation challenges. Economists foresee inflation remaining around 5% or higher in the coming months, with the RBI expected to cut interest rates next quarter.

Gold prices were flat on Thursday, as investors turned their focus to U.S. economic data that could offer additional insights into the timing of the Federal Reserve's potential interest rate cuts.

Later in the day, the Bank of England (BoE) will decide its interest rate policy, with all eyes on the prospects of a June rate cut following the overnight move by Sweden's Riksbank to cut rates, which underlined Europe's divergence from the U.S. Federal Reserve.

Brent crude futures for July rose 23 cents to $83.81 a barrel by 0033 GMT. U.S. West Texas Intermediate crude for June was up 29 cents to $79.28 per barrel.

The Dow Jones Industrial Average ended higher on Wednesday, stretching its winning streak to six straight sessions and closing above 39,000 points for the first time in five weeks, as investors kept betting on supportive U.S. monetary policy.

The size of the round hasn’t been finalised, the people said, asking not to be identified as the information isn’t public. The maker of AI chatbot assistant Grok was set to raise $6 billion in the round, whose participants include Sequoia Capital, Bloomberg News has reported.

The Russian Foreign Ministry has rejected US allegations of an Indian plot to assassinate pro-Khalistan radical Gurpatwant Singh Pannun, stating that Washington has not provided any reliable evidence. The ministry's spokesperson criticized the US for its lack of understanding of India's national mentality and historical context, accusing the US of disrespecting India. The US Justice Department recently unsealed an indictment against an Indian national for his alleged involvement in the plot. India... Читать дальше...

Happy Thursday! Ride-hailing platform Uber is strengthening its hyperlocal deliveries from neighbourhood stores. This and more in today’s ETtech Morning Dispatch.

One of the suspects in the killing of Sikh separatist leader Hardeep Singh Nijjar entered Canada on a 'study permit' obtained in just days, according to Canada-based global news. Karan Brar, accused in the case, stated in a 2019 social media video that he applied for a student visa through EthicWorks Immigration Services in Bathinda, Punjab, receiving it shortly after. Brar later moved to Edmonton from Calgary, where he started his studies at Bow Valley College. He, along with two others, was arrested... Читать дальше...

President Joe Biden has warned Israel that the U.S. will halt weapon supplies if Israeli forces launch a major invasion of Rafah, a city in southern Gaza. This warning marks Biden's strongest stance yet against an Israeli assault on Rafah, highlighting a growing rift between the U.S. and Israel. The U.S. has paused a shipment of heavy bombs destined for Israel, expressing concern over civilian casualties in Gaza. Despite this, the U.S. will continue providing defensive weapons, such as the Iron Dome system, to Israel.

The value had touched a high of 22% of total market capitalisation of listed firms in June 2009, dropping to a low of 5.1% in September 2020 before doubling since then, according to data from primeinfobase.com. Re-ratings amid large valuation discounts, high dividend yields, record cash flows and news of possible privatisation triggered a sharp rally in public sector companies over the last three years.

Government-owned BoB told stock exchanges that the RBI, in a letter dated May 8, conveyed the decision to lift the restrictions on 'BoB World' with immediate effect.

CEO K Satyanarayana Raju said the bank expects to deliver 11-12% loan growth in the current fiscal year despite conscious efforts to shed low-yielding corporate loans.

On an annual basis, PEL swung to a loss of 1,684 crore from a profit of 9,969 crore, due to the impact of AIF provisions during the fiscal.