BUSINESS
GoAir flights grounded after technical glitches
GoAir A320 aircraft VT-WGA flight G8-386 from Mumbai to Leh was diverted to Delhi, and GoAir A320 aircraft VT-WJG flight G8-6202 from Srinagar to Delhi was turned back to Srinagar due to EGT over-limit in the engine. The first plane was diverted to Delhi due to an EIU (Engine Interface Unit) fault in engine number 2.
Rupee depreciates to 80 against US dollar
As predicted earlier, the Indian rupee on Tuesday crossed Rs 80 for a US dollar. The fall in rupee's value is owing to multiple factors like Russia-Ukraine war, outflow of foreign institutional investors and others, said experts. Experts also said though the rupee has depreciated against the dollar, it has appreciated against other currencies.
Global smartphone shipments fall 9% in Q2 amid economic downturn
Apple came second with a 17 per cent market share as the iPhone 13 remained in high demand. Xiaomi, OPPO and vivo continued to struggle in China, suffering double-digit declines to take 14 per cent, 10 per cent and 9 per cent market shares, respectively, according to research firm Canalys. Demand has started to wane following economic headwinds and regional uncertainty, the report noted.
UP targets Rs 10 lakh crore investment in global summit
According to a government spokesman, the state had emerged as a dream destination for industrial investment in the country and Chief Minister Yogi Adityanath has directed the officials across departments to pull up their socks to propel the growth bandwagon to the next level now. The chief minister told officials to target investment of Rs 10 lakh crore in the state through the event.
Shiprocket acquires Arvind's omnichannel tech biz 'Omuni' for Rs 200 crore
The deal will leverage both companies' technology and resources to enable quick, efficient, hassle-free deliveries from the closest store/warehouse in a larger D2C commerce enablement segment,, Shiprocket said in a statement. "Omuni's SaaS products will allow us to unify inventory, order, catalog, content, pricing, and data across physical and digital storefronts for the best possible e-commerce experience for customers,".
Govt sets up panel to make MSP more effective, transparent
Apart from MSP, the committee will also promote zero budget-based farming and changing crop patterns, keeping in mind the changing needs of the country. Zero Budget Natural Farming (ZNBF) means raising crops without using any fertiliser and pesticide or any other external materials. The word zero budget refers to zero cost of production of all crops.
All aircraft should be released for use only after certifying licence: DGCA
The directive has come following a series of technical snag related occurrences in planes in the last few days. The DGCA said that after frequent reports of engineering related occurrences in several airlines, it has conducted several spot checks in order to ensure that airlines are adhering to the laid down standards.
LG first in India to sell over 10 lakh dual-inverter ACs in 6 months
The inverter technology-based ACs now contribute nearly 80 per cent of the total air-conditioner market in the country. "In the air-conditioning segment, we are committed to offer most energy efficient and advance cooling solutions and based on this vision, LG shifted its entire AC line to inverter technology," said Deepak Bansal, VP, Home Appliances and Air Conditioner, LG Electronics India.
CARS24 sees high-profile exits as global CTO, business head move on
In a LinkedIn post, Agrawal who joined the company in July 2021, said he will be moving on from CARS24 in the next few months. "I joined CARS24 with a specific goal to help the team scale multiple countries at once - a particularly challenging task because, as an eCommerce company with complex execution, we built each country like an independent startup.
Rupee just whisker away from 80 per dollar
"USD-INR spot closed 9 paise higher 79.97, a whisker away from all time high near 79.99. Today rupee brushed aside all positive cues by way of strong equities and weaker dollar index. Strong demand for oil marketing companies kept the pressure on. Over the near term, bias continues to be upward.
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