BUSINESS
IATA Reports Soaring Airline Profits, but High Interest Rates Pose Challenges
Operating profits for the airline industry are projected to increase from $40.7 billion in 2023 to $49.3 billion in 2024, while total revenues in 2024 are expected to reach a record $964 billion, representing a 7.6% year-over-year growth. The forecast indicates that 4.7 billion people will travel in 2024, surpassing the pre-pandemic level of 4.5 billion recorded in 2019. Cargo volumes are also expected to rise, reaching 58 and 61 million tonnes in 2023 and 2024, respectively.
Adani stocks outperform Nifty over last seven days
He said that Adani Total Gas -- one stock that has more than doubled investor wealth -- has increased in value over the past seven days by more than 60 per cent.
Adani's Ascension: Gautam Adani Ranks as the 15th Richest Person in the World
This remarkable performance comes after Adani re-entered the list of the top 20 richest people in the world in November, thanks to the rally in Adani Group stocks.
November's Thali Costs Surge Due to Soaring Onion and Tomato Prices
The unseasonal rainfall in November had a detrimental impact on onion and tomato crops, resulting in a shortage of these commodities and subsequent price hikes.
Musk's AI Company Aiming to Secure $1 Billion in Investment Funds
The SEC document outlines that xAI will only consider a minimum investment of $2 million from external investors. This move comes as Musk positions xAI, which stands for eXperimental Artificial Intelligence, to compete with OpenAI's ChatGPT.
Market Projections: Nifty Poised to Reach 21,000, Sensex Aiming for 70,000
Vijayakumar notes that any market dips are likely to be seized by Foreign Institutional Investors (FIIs) who have consistently demonstrated themselves as committed buyers. He points to the ongoing decrease in US bond yields, with the 10-year yield currently falling below 4.20 per cent, as a factor that will contribute to sustained FII buying.
LIC of India Secures 4th Position in Global Ranking of Top Life Insurance Companies
The top three spots on the list are occupied by Allianz SE, China Life Insurance Co. Ltd., and Nippon Life Insurance Co. This ranking highlights LIC's substantial presence in the global life insurance landscape and its financial strength, as measured by life and accident & health reserves.
Rapido Expands Services: Enters Cab Business with Innovative Intra-City Mobility Solution
Pavan Guntupalli, Co-founder of Rapido, highlighted the innovative approach of their SaaS-based platform, which aims to revolutionize the conventional commission system for drivers.
Adani Green Secures $3 Billion Construction Financing Framework Milestone
The funding is a substantial milestone for AGEL, enabling the initial development of 2,167 MW at the Khavda site, with future plans to expand its renewable capacity to 45 GW by 2030.
Moody's Shifts China's Bond Outlook to Negative Amid Rising Debt Levels
China has been increasing its borrowing to implement fiscal stimulus measures aiming to uplift a slowing economy.
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