The Seamless Tube Manufacturers’ Association of India (STMAI) on Thursday urged the government to introduce a production-linked incentive (PLI) scheme covering at least 10 per cent of exports of their products, ahead of the Union Budget. STMAI President Shiv Kumar Singhal also urged stricter measures to curb illegal imports of seamless pipes, which are affecting…
IndiGo CEO Pieter Elbers has written to employees acknowledging the severe disruptions that have hit the airline in recent days, conceding that IndiGo “could not live up to the promise” of providing a good travel experience to passengers. The carrier has seen more than 300 flight cancellations on Thursday alone, with scores of services delayed…
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 2985.74, down 0.5% (-14.24) since 4 p.m. ET on Wednesday. Five of 20 assets are trading higher. Leaders: AVAX (+1.8%) and NEAR (+1.3%). Laggards: HBAR (-3.9%) and BCH (-3.2%)….
The rupee pulled back from its weakest-ever level on Thursday, ending the day at 89.96 against the US dollar, a gain of 19 paise, as a softer dollar index and reports of the Reserve Bank of India’s intervention helped steady the currency. Traders said the US dollar lost ground after ADP non-farm payroll numbers came…
Defence minister Rajnath Singh with Russian defence minister Andrei Belousov (Image credits: ANI) NEW DELHI: India on Thursday sent out a strong signal about the continuity of its partnership with Russia, with defence minister Rajnath Singh emphasising that bilateral defence cooperation remains steady “despite the geopolitical uncertainty.” His remarks came at the 22nd India-Russia Inter-Governmental…
Check out the companies making the biggest moves in premarket trading: Salesforce — The software company raised its fourth-quarter revenue guidance, sending shares nearly 2% higher. Salesforce now expects revenue between $41.45 billion and $41.55 billion. Its third-quarter results were mixed. Snowflake — The cloud-based data storage company tumbled 8.6% after its outlook for product…
File photo: PM Modi with Russian President Vladimir Putin (Picture credit: ANI) Russian President Vladimir Putin’s visit to India is likely to deliver a significant push to economic cooperation, with government sources indicating that New Delhi is looking to narrow its trade deficit and secure deeper market access for Indian goods.President Putin is arriving with…
By Omkar Godbole (All times ET unless indicated otherwise) Move over crypto-USD pairs. As bitcoin BTC$92,650.75 and the broader market consolidate on recent gains, this may be the ideal time to focus on cross pairs, especially the ether-bitcoin (ETH/BTC) ratio. Ether ETH$3,165.61 has gained more than 4% over the past 24 hours, approaching $3,200, while…
Search operation launched after bomb threat (ANI image) NEW DELHI: Security agencies on Thursday launched an extensive search operation in Rajasthan’s Ajmer after the district administration received a bomb threat email. The email claimed that RDX-based explosives had been planted at the Ajmer Sharif dargah, the district collectorate and the Kudankulam Nuclear Power Plant in…
The Federation of Indian Pilots (FIP) issued a letter on Wednesday to the Directorate General of Civil Aviation (DGCA) alleging that IndiGo imposed a “hiring freeze” despite having a two-year window to prepare for the full rollout of new flight duty and rest period norms for cockpit crew.“Despite the two-year preparatory window before full FDTL…
