BUSINESS
Paytm Travel Carnival offers exciting discounts on flights, buses, trains
With this sale, users will be able to book flight, train and bus tickets for the summer holiday season through Paytm app and get attractive discounts, said the company. The carnival will see participation from major airlines -- IndiGo, SpiceJet, GoFirst, Vistara, Akasa Air, AirAsia, and Air India. The company is offering instant discounts of up to 15 per cent on domestic and up to 10 per cent on international flight ticket bookings through bank offers from RBL Bank (Credit Card and Credit Card EMI), Yes Bank (Credit Card) and HSBC India (Credit Card and Credit Card EMI).
48% of businesses in India at low levels of digital maturity: Report
"Data innovation acts as a compass for CIOs (chief information officers), providing guidance to unlock new business opportunities and achieve digital success. By harnessing the power of data, companies can gain valuable insights to improve productivity and stay ahead of the competition," said Nigel Lee, Director of Storage - AP, Lenovo ISG.
Bitcoin trading volume tanked nearly $700 bn in April
Although Bitcoin topped over $30,400 on April 18, reaching the highest level since early June, its monthly gain was only 3 per cent, way down from 21 per cent in March and much less than gains usually seen in the fourth month of the year, according to data by BitcoinCasinos.com.
While most global equity markets are rising 5-20% in 2023, India is flat
Notably, the index was extremely volatile and swung around 776 points before closing 705 points higher. Nifty50 has been underperforming the emerging markets and the world indices in CY23YTD amid varied global macro headwinds viz., inflation, interest rates, and currency, the report said. While most of the global equity markets are rising.
Uber trips up 24% to 2.1 bn in Q1, sales grow 29% to $8.8 bn
According to Uber CEO Dara Khosrowshahi, the company significantly accelerated Q1 trip growth to 24 per cent from 19 per cent last quarter, with "mobility trip growth of 32 per cent as a result of improved earnings and consumer engagement". "Looking ahead, we are focused on extending our product, scale and platform advantages to sustain market-leading top and bottom-line growth beyond 2023," he said during the company's quarterly earnings call late on Tuesday.
Air India pilots pulled up over license and documentation delays
The airline has sent out an email detailing the consequences of any delays in the renewal process, which include both disciplinary action and financial penalties. According to sources, the directive comes amidst concerns over the airline's safety standards, and aims to ensure that all pilots meet the necessary requirements for operating.
Go Airline has history of missing its financial obligations: Pratt & Whitney
"Go First has a lengthy history of missing its financial obligations to Pratt," a spokesperson for the aircraft engine supplier Pratt & Whitney responded to IANS list of questions. However, the official declined to elaborate further on its allegation against Go Airline. Pratt & Whitney is committed to the success of our airline customers.
History of India's private airlines dotted with high-profile take-off and crash landing
Well, the annals of the Indian private airline industry are dotted with many airways taking off and crash landing with some continuing to fly. The list of failed airlines in India is quite long - full service or low-cost - and the major reason was financial crunch due to various factors. Many of these airlines were promoted by well-known.
US bank shares nosedive
Shares of PacWest Bancorp tumbled about 22 per cent, paring back earlier losses. Western Alliance Bank fell about 16.3 per cent and New York Community Bancorp declined 6.6 per cent. The SPDR S&P Regional Banking ETF, which tracks a range of mid-sized banks, dropped about 7.3 per cent, CNN reported.
Chegg's stock tanks after ChatGPT warning, new threat for edtech firms
California-based Chegg reported a 7 per cent decline in revenue (year-on-year) at $187.6 million in the first quarter of 2023. Its subscribers dropped 5 per cent to 5.1 million. The news sent ripples through the education sector, with shares in London-listed Pearson falling over 8.7 per cent on Tuesday, Financial Times reported.
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