BUSINESS
Air India Express Faces Cabin Crew Shortage, Cancels 80+ Flights; Offers Apologies for Disruptions
Numerous passengers have expressed frustration, stating that they were only informed about the cancellations after completing security checks. Reports suggest that more than 200 cabin crew members called in sick as a form of protest against the alleged mismanagement, leading to the shortage of crew and subsequent flight disruptions.
Strong Potential for 8% GDP Growth in FY24, Says CEA
During the third quarter ending December 2023, India's gross domestic product (GDP) expanded by 8.4 percent. Preceding this, the GDP growth rates were 7.6 percent in the second quarter and 7.8 percent in the first quarter of the fiscal year.
Chinese Investors' Demand for Fund Relocation Heightens Pakistan's Default Risk
In addition, Chinese investors are pressing for the clearance of $125 million in dividends owed to Chinese companies operating in Pakistan. These demands have sparked emergency discussions within the Pakistani government, as officials weigh their response carefully.
Indian Airlines Set to Dominate Half of Nation's International Passenger Traffic: CRISIL Report
One key advantage highlighted in the report is the superior domestic connectivity enjoyed by Indian carriers compared to their foreign counterparts. With a wider reach across tier 2 and tier 3 cities, Indian airlines can provide seamless international connectivity on single tickets, a convenience not typically offered by foreign competitors.
The GST empowered the states and helped the underprivileged: FM Sitharaman
This includes the appointment of the President of the GST Appellate Tribunal, GSTAT and an unprecedented moment, where GST collections are going gross over Rs 2 lakh crore. These milestones are attributed to the increased economic activity in the country.
Navigating Cross-Border Payments and Remittances: Challenges and Opportunities Unveiled
Traditional remittance channels often levy hefty fees and unfavourable exchange rates, significantly diminishing the value of the funds transferred. This not only affects the livelihoods of recipients but also hampers economic development in emerging markets.
Twitter founder Jack Dorsey Steps Down from Bluesky Board, Company Confirms
The company announced that Bluesky is looking for a new board member to fill the seat that Dorsey had resigned from. The company thanked Dorsey for providing not only finance but also spearheading the project.
Elon Musk Extends Invitation to Warren Buffett: Opportunity to Invest in Tesla
He replied to a user, who advised Buffett to quit Apple and instead spend on Tesla. Musk agreed with the assessment, calling it a "no-brainer".
India's services sector saw strong growth in April, boosting corporate optimism to a three-month high
The HSBC final India Services Purchasing Managers' Index, conducted by S&P Global, was 60.8 in April, a little below the previous month's 61.2, but a much faster growth compared to nearly 14 years ago.
India's economy and stock markets have outperformed China's over the last three years
Between 2004 and 2021, China’s economy outgrew India’s GDP at a ferocious pace but has lost some relative momentum since. Over the past 3 years, the Indian economy and equity markets have outperformed China, the report said.
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