Airlines across Asia are increasing ticket prices and preparing contingency plans, including the possibility of grounding aircraft, as the escalating Middle East conflict threatens to trigger the biggest oil shock since the 1970s.Indian carriers have already raised fares on long-haul routes by about 15 per cent and are considering further hikes as jet fuel prices…
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XRP slid to $2.27 after breaking below $2.32 support, but a high-volume flush into $2.21 drew bids and stabilized the move — leaving traders focused on whether the bounce can reclaim $2.31-$2.32 or if the market remains stuck in a descending channel. News background XRP traders are weighing a short-term breakdown in spot price against…
BENGALURU: Zomato founder and group CEO Deepinder Goyal said the company terminates around 5,000 delivery partners every month, pushing back against claims of arbitrary firings and unsafe delivery practices. He framed the figure as routine enforcement within a large, high-churn gig workforce rather than punitive mass action. Speaking on a podcast with entrepreneur and creator…
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India is turning to welfare payments to drive adoption of its central bank digital currency as it prepares to put the CBDC in the spotlight at a summit of BRICS nations later this year. The Reserve Bank of India is running about 10 pilot programs routing portions of the country’s roughly $80 billion welfare system…
NEW DELHI: West Bengal chief minister Mamata Banerjee on Tuesday alleged that the Election Commission has unilaterally deleted 54 lakh names from the draft electoral rolls during the special intensive revision (SIR) in the state by using AI tools devised by the BJP and misusing the powers of electoral registration officers (EROs). Addressing a press…
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MUMBAI: Net outflow by foreign portfolio investors (FPIs) from the stock market for the current year crossed the Rs 2-lakh-crore mark for the first time ever. This also showed up in aggregate foreign holding in Indian stocks falling to a 14-year low at 14.7%, a level much below the comparative data for domestic institutions, which…
