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6.14% growth registered in freight loading in September 2026 over September 2025: Indian Railways
Indian Railways reported loading 135.35 million tonnes of freight in September 2026, marking significant growth. This represents a 6.14 per cent increase compared to September 2025, highlighting strong performance in key commodity segments. Foodgrain loading saw a notable rise of 25 per cent during the same period. Freight revenue also increased by Rs 1,266 crore, indicating a 9.3 per cent growth rate.
Bigger car loans, longer tenures face rate-hike test
Indian car buyers are increasingly taking out larger and longer loans to purchase higher-priced vehicles. This trend emerges as borrowing costs are projected to rise following the Reserve Bank of India's recent rate hike. Data shows that the average vehicle loan amount has risen significantly, while the repayment tenure has also increased. Interestingly, the demand for vehicles remains strong across both urban and semi-urban markets.
Festive sales 2026: decoding discounts and behavioural nudges behind e-commerce deals
E-commerce giants use psychological tricks like countdown timers, artificial price inflations, and easy financing to drive impulse buys during festival sales. Experts warn consumers to track price histories and look out for hidden fees on No-Cost EMI options before buying.
LTCG tax removal on the table? FM Sitharaman says Budget consultations will hear investors views
Will LTCG tax be scrapped? Union Finance Minister Sitharaman signals openness to debate as SBI Research urges tax relief to attract foreign investors.
The Income Tax dept is scrutinising records at the Badshahpur tehsil office in Gurugram after it found the same PAN was used for 25,000 property registrations, worth transactions of 55,000-crore.
Indigo signs $328 million finance deal with Citi for 8 Airbus aircraft buys
Indigo has entered into a USD 328 million financing agreement with Citi for purchasing eight Airbus planes. This marks the first aviation financing deal insured by the Belgian export credit agency Credendo. The transaction will support the growth of Indigo's fleet and network through long-term funding. Citi acted as the sole arranger for this innovative financing solution.
RBL Bank reported a significant increase in net profit for the September quarter of 2026. The bank achieved a 37% growth in net interest income, achieving Rs 2,131 crore. Net advances grew by 42%, while deposits rose by 34%, supported by FCNR(B) inflows. However, margins are expected to moderate as these deposits fully impact the balance sheet.
Paid DTH loses 7.5 million subscribers in a year
Indias paid DTH television subscriber base fell 13.4% year-on-year to 48.56 million in June 2026, while private FM radio advertising revenue declined 9.1% sequentially to Rs 376.16 crore, according to TRAI. The data point to continued pressure on traditional broadcasting even as IPTV and community radio continue to expand.
Shree Cement commissions 3 MTPA cement grinding facility in UAE
The facility is equipped with a Vertical Roller Mill (VRM) with an integrated grinding and separation system, modern material handling infrastructure and advanced dust collection systems
Indian AI- and energy-linked stocks decline as a global technology sell-off deepens, with South Koreas KOSPI plunging amid intensifying competition in the AI sector. Investors reassess AI valuations following sharp losses in Asian semiconductor stocks.
FD rate hike: In September 2026, retail inflation soared to 5.54%, sparking opinions about the possibility of interest rate hikes on fixed deposits. Analysts predict that the Reserve Bank of India may persist in raising the repo rate to combat persistent inflation. Investors must decide whether to invest now or postpone for possibly better FD rates.
UPI MDR fee: Why did the govt decide to implement charges after Diwali 2026?
UPI MDR fee update: NPCI has deferred the implementation of Merchant Discount Rate (MDR) charges on select person-to-merchant (P2M) UPI transactions until after Diwali 2026. The exact date is yet to be announced. The deferment does not mean the proposed charges have been cancelled.
For senior citizens eyeing steady income, evaluating National Savings Certificates against bank fixed deposits is crucial. Investing Rs 2.5 lakh in NSC yields a more favorable maturity amount than many bank FDs.
An EPF account may become inoperative after three consecutive years without contributions following retirement or age 55, whichever is later, or after moving abroad. Here's how you can recover your account or corpus
How to invest Rs 2.5 cr for steady monthly income
Indias power hunger is fuelling a bigger coal bet
UPI's free ride faces a post-Diwali twist
Mumbai: The introduction of merchant discount rate (MDR) on select UPI merchant payments has been deferred until after Diwali, giving merchants and payment companies more time to prepare for the first significant pricing change in Indias largest digital payments network.The UPI and Services Steering Committee on Tuesday decided that, keeping in mind the festive season, the levy on select person-to-merchant (P2M) transactions will be implemented immediately after Diwali. The exact date will be notified separately.The charge was earlier scheduled to take effect from October 15.Also Read: MDR a small fee, will not have major impact on UPI volumes: RBI Guv MalhotraUnder the new framework, a 40-basis-point MDR will apply to eligible bank account-to-merchant UPI transactions above Rs 2,000, while smaller transactions and exempt merchant categories will continue to remain outside the levy.More than 95% of UPI merchant-payment transactions by volume are expected to remain free, limiting the charge largely to higher-value transactions. In value terms, industry estimates suggest a significantly larger share of transactions will attract MDR because payments above Rs 2,000 account for a sizeable portion of merchant-payment value.The introduction of MDR marks a shift from the zero-MDR framework under which merchants have not been charged for accepting bank account-based UPI payments. The government had instead compensated banks and payment companies through an incentive scheme for low-value UPI and RuPay debit-card transactions.Also Read: UPI vs debit vs credit cards: Will UPI payments with MDR charges still be cheapest?The government has budgeted about Rs 2,000 crore for UPI and RuPay incentives in FY27, significantly below the estimated cost of operating the UPI ecosystem. No subsidy has been paid since April 2025. Earlier payouts stood at Rs 3,631 crore in FY24 and Rs 1,046 crore in FY25.NPCI chief executive Dilip Asbe had recently said the UPI ecosystem costs about Rs 21,000 crore annually to operate and that the 40-bps charge could help recover around Rs 13,000-15,000 crore in the first year.Under the proposed revenue-sharing arrangement, issuing banks are expected to receive 16 basis points of the 40-bps MDR, while acquiring banks will receive about 12 basis points. The balance will be distributed among consumer-facing applications and payment service providers involved in processing the transaction.Banks and payment companies expect the revenue stream to support greater spending on technology infrastructure, fraud prevention and capacity as UPI transaction volumes continue to expand rapidly. It could also support newer use cases including B2B collections, delegated payments and agentic transactions.The authorities have sought to minimise the impact on small merchants and consumers. RBI Governor Sanjay Malhotra had said earlier this month that he did not expect the introduction of a small fee to materially affect transaction volumes.Industry executives have also argued that a large part of the transaction value that will attract MDR comes from merchants already accepting credit cards and other paid payment instruments, reducing the likelihood of a significant disruption to UPI usage.The latest decision therefore changes the timing rather than the structure of the MDR framework, with the levy now set to kick in after the festive shopping season ends.
Philip Morris International (PMI) is offering a range of less harmful alternatives for smokers and has invested USD 16 billion in research, development and commercialization of such products, Dr Tomoko Iida, Senior Director, Scientific Engagement, South Asia, Indochina, CIS and Middle East & Africa, Philip Morris International, said.
Can L10 employees get Rs 34 lakh extra pay in 10 yrs?
UPI transactions above 2,000: 0.40% MDR pushed until after Diwali, says NPCI
Merchant Discount Rate of 0.4 pc on UPI transactions over 2,000 deferred; to come into effect post Diwali: NPCI statement
UPI MDR Rollout Deferred Until After Diwali, NPCI Says
The revised merchant discount rate framework for select UPI transactions will take effect on a date to be announced separately, with the payments body citing the festive season.
Quant Small Cap Fund: ICICI Bank and Adani Power among stocks bought and sold in September
Quant Small Cap Fund completely exited 42.65 lakh shares of ICICI Bank and five other stocks in September 2026 while increasing its stake in Adani Power, Emami, and KPIT Technologies. The fund's AUM stood at Rs 35,572 crore, with new entries including Max Estates and Moneyview.
India's power sector profits likely to grow up to 11% in Q2FY27 on strong demand: Report
India's power sector is expected to post up to 11 per cent year-on-year (YoY) profit growth in Q2FY27, driven by strong electricity demand, higher plant load factors and potential incentives for thermal power producers, according to Nuvama Institutional Equities.
Promised 30% monthly returns? SBI warns investors against fake investment schemes
SBI has warned investors against fraudulent investment schemespromising 30% monthly returns. Identify these four warning signs, verify SEBI registration and protect your savings from online financial scams.
AlphaGrep Mutual Fund announces launch of hybrid long short fund through its SIF platform Eminence
AlphaGrep Mutual Fund launched Eminence SIF, introducing its Eminence Hybrid Long-Short Fund, with subscriptions opening October 1428. The strategy combines equity long-short, special situations, options, arbitrage and fixed income. Targeting sophisticated investors, it requires a minimum investment of Rs 10 lakh, or Rs 1 lakh for accredited investors, with a 12-month-plus horizon.
Setting aside 2000 per month for your child can help secure their financial future. Here's how you can use the government backed PPF facility to set them up for crorepati status in the long run.
In an exciting development, the University of Western Australia is opening new campuses in Mumbai and Chennai, focusing on postgraduate education. This program is designed specifically to equip professionals with crucial skills required for a future shaped by artificial intelligence. The Master of Information Technology allows tech graduates to thrive in changing digital environments, whereas the Master of Business Administration nurtures strategic business leaders.
Indian office real estate market records 42.9 million sq ft absorption
The year 2026 marked a significant uptick in India's office real estate sector, with net absorption reaching 42.9 million square feet. The coworking and BFSI sectors led the charge, representing 47% of total leasing activities. Meanwhile, Bengaluru reported a spike in new office supply, while NCR and Pune saw a downturn.
World's highest rail bridge: Indian Railways is setting up a dedicated viewing deck and an engineering museum near the Chenab bridge in Jammu and Kashmir. Standing 359 metres above the riverbed, the world's highest railway arch bridge will now offer tourists sweeping views of the surrounding Himalayan peaks alongside detailed exhibits on how the structure was built.
Shyam Metalics invests in coal block bidder to boost raw material security
Shyam Metalics Group has secured strategic mining rights for the Phutamura coal block in Chhattisgarh. The investment in Alom Solar Private Limited aims to ensure a stable, long-term and cost-effective coal supply for its captive power generation and steel manufacturing operations. The investment also underscores the group's focus on sustainable growth and long-term value creation for stakeholders.
How to build wealth in your 20s and 30s without giving up your lifestyle
Building wealth in your 20s and 30s need not mean extreme frugality. Starting early, investing regularly and directing part of every salary hike towards investments can help balance present-day pleasures with future financial security.
Natarajan Chandrasekaran of Tata Sons affirmed the conglomerate's commitment to producing semiconductor chips amid ongoing boardroom disputes. Tata is investing heavily in India's first chip-making unit, a key to future growth. Noel Tata has expressed disagreements over capital decisions and shareholder returns, which has escalated tensions. Despite operational challenges at Air India and within Tata Technologies, the group continues to maintain double-digit growth.
GOld rate today: Gold prices for 22k jewellery have seen a decline across key cities, with brands like Tanishq and Malabar Gold adjusting their rates. Buyers are encouraged to verify prices before making purchases, especially during the festive period.
Gold and silver prices today, 13 October: Check the latest 24K, 22K gold and 999 silver retail rates across Delhi, Mumbai, Kolkata and other major Indian cities, along with MCX market updates.
India retains its position as the world's most mature flexible office market
India's share of global coworking bookings rose from 2.2% in the first half of 2025 to 10.2% in H1 2026, making it the world's second-most active market after the US. India retained its position as the world's most mature flexible office market, with inventory reaching 88.7 million sq ft and operators recording a record 8.5 million sq ft of leasing in H1 2026.
Vantrock Real Assets plans Rs 3,100 cr investment in warehousing, logistics parks
Vantrock Real Assets plans to invest Rs 3,100 crore to develop 11.5 million sq ft of warehousing and industrial assets across key Indian markets, targeting Rs 4,200 crore in gross development value. Initial projects spanning Pune, Bengaluru and NCR will begin construction in 2027, with rental income expected from 2028, amid India's growing Grade-A warehousing supply shortage.
PM Kisan 24th instalment: When will farmers receive 2,000? How to check payment status online
PM Kisan 24th instalment date: The government has not yet confirmed when farmers will receive the next 2,000 payment. Check the latest update, online payment status, eligibility requirements and steps to resolve payment delays.
Kalpataru Projects secures orders worth Rs 2,225 crore in India, overseas markets
Kalpataru Projects International Ltd has announced securing new orders valued at approximately 2,031 crore in its T&D business. This includes an order for around Rs 194 crore from its subsidiary in Sweden. The company reported achieving orders worth 20,000 crore in the current fiscal year, indicating substantial growth. Manish Mohnot, MD & CEO, expressed confidence in future growth amidst favorable industry conditions.
HD Fire Protect IPO review: Brokerages bullish on long-term prospects
HD Fire Protect IPO is set issue price band at 258 to 271 per share and bidding will close on Oct 15, 2026
Indians every rupee in wallet has new contenders and the fight is heating up
Indian Consumer Spending Trends: Indian households are increasingly shifting their consumption patterns, which reflects a richer variety of spending options. This changing consumer behavior shows significant growth in non-food expenditures over the years. The introduction of quick commerce has further diversified available products, making various goods more accessible. Both urban and rural consumers are seeking premium products alongside traditional staples.
The Delhi High Court on Tuesday rejected SpiceJets plea to provide a property title deed instead of depositing 144 crore in its share transfer dispute with former promoters Kalanithi Maran and KAL Airways.
India's mutual fund SIP stoppage ratio fell to 78.53% in September 2026 as 63.26 lakh new SIPs were registered against 49.68 lakh closures. Monthly SIP inflows reached a fresh record of Rs 32,490 crore, signaling sustained retail participation despite broader market volatility.
As technology and AI reshape the workplace, which skills will define future leaders?
In today's evolving job landscape, the importance of interpersonal skills and leadership has surged. Research indicates that qualities like self-awareness and the ability to learn quickly are crucial for effective leadership. As artificial intelligence advances, the emphasis is shifting from technical know-how to essential human capabilities. Educational frameworks are transforming to prioritize hands-on experiences and guidance, fostering leaders who can inspire and connect with diverse teams in the future.
GreenCell Mobility raises Rs330 cr from Danish fund to scale electric bus fleet
GreenCell Mobility has raised Rs 330 crore in equity funding from Impact Fund Denmark to help deploy around 4,500 electric buses across India over the next six to eight quarters. The expansion will take its fleet past 5,000 buses across 105 cities, strengthening the Eversource Capital-backed companys position in Indias growing electric public transport market.
For all students planning their next trip, Air India is now offering a generous 10% discount on eligible domestic fares! This special promotion is available for bookings made before October 20, 2026. Be sure to use the promo code UPIPROMO during online reservations for extra savings. Just a reminder, students must show valid documents at check-in to validate their eligibility.
EXCLUSIVE-Banking watchdogs ramp up AI scrutiny as stability fears mount, sources say
Banking regulators are stepping up efforts to contain growing AI risks, six people familiar
Gold, silver ETFs see sharp rise in inflows in September. Which metal should investors prefer now?
In September, investor enthusiasm for gold and silver ETFs saw a notable increase, driven by ongoing market uncertainties and global tensions. Although there has been recent price adjustment, the inflow of investments remained robust, hinting at a deliberate choice by many. Financial experts advise caution, stressing that short-term trends should not dictate long-term strategies.
Best flexi cap mutual funds to invest in October 2026
Flexi cap mutual funds have the freedom to invest anywhere depending on the view of the fund manager. For example, he or she might invest more in large cap stocks. Or in a bull market she might invest more in mid cap or small cap stocks. Investors should be extremely careful about this aspect. Investors should make sure that they are choosing a scheme that is in line with their risk appetite. For example, some flexi cap schemes may be more conservative than others. It is for you to identify the one that suits your temperament.
USCIS new filing deadline rules: What H-1B and green card filers must know
Kolte-Patil sales bookings jump 52% to record Rs 1,019 crore in Q2
Kolte-Patil Developers reported a significant 52 percent increase in sales bookings for the July-September quarter. The company achieved sales of Rs 1,019 crore in this period, marking its highest quarterly sales ever. For the first half of the fiscal year, sales reached a record Rs 1,636 crore, up by 27 percent compared to last year. Despite softer demand in the broader market, the company maintained strong business momentum.
Bought a term plan? 9 things your nominee needs to know before filing a claim
Celebrities are using Facebook and Instagram Live to sell sarees, combining product demonstrations, entertainment and direct customer interaction.
Producers at odds with PVR Inox over charges proposed in lieu of VPF
Producers are opposing PVR Inoxs proposed alternatives to Virtual Print Fee (VPF), arguing they replace one charge with another instead of eliminating the cost of digitally delivering films to theatres.
Delhis priciest markets pay the price for protests
Bajaj Finserv Share Price Live Updates: Bajaj Finserv Price and Trend Overview
Adani Ent Share Price Live Updates: Adani Enterprises Climbs Above Key Resistance Level
HDFC Life Share Price Live Updates: HDFC Life Exceeds 100-Day EMA, Reflecting Positive Trend
Grasim Inds Share Price Live Updates: Grasim Inds. Stock Details
Nestle India Share Price Live Updates: Nestle India Shows Positive Momentum Above 20-Day SMA
8th Pay Commission: 5 latest developments central government employees and pensioners should know
The 8th Pay Commission's latest updates include notices regarding visits to Mumbai, Bengaluru, Jaipur, and Chandigarh, as well as revised consultant engagement guidelines. Here are 5 key developments that central government employees and pensioners should know about.
2 lakh credit card dues vs 5 lakh personal loan: Which debt should you repay first? Experts explain
Should you repay 2 lakh in credit card dues or a 5 lakh personal loan first? Experts explain why high-interest credit card debt usually takes priority, how minimum payments increase borrowing costs, and how to protect your credit score while repaying both debts.
VRS offer in hand? Check these tax rules before you accept the package
Contemplating a Voluntary Retirement Scheme (VRS)? Prior to making your decision, its crucial to analyze the overall financial implications, including taxation aspects and the treatment of different package components. Be clear on the eligibility for tax breaks and ensure that your financial security after retirement is adequately planned.
Investors shrug off bear party, put big money into equity mutual funds
Equity mutual fund inflows reached a five-month high in September with 38,306.55 crore invested. Small-cap and mid-cap funds attracted significant interest from investors despite market instability. Debt funds faced substantial outflows of 1.83 lakh crore primarily from liquid and money market schemes. The industry's total assets under management decreased by 5.1% as of September 30. Gold ETFs saw inflows surge to 4,451 crore amid increased investor interest in safe-haven assets.
IHC, First Abu Dhabi eye stake in Bandhan Bank promoter
Early investors GIC & IFC jointly hold 30% in Bandhan Financial Services (BFSL), keen to exit. PE funds tapped too to gauge strategic interest. BFSL, led by Bandhan founder Chandra Shekhar Ghosh, has been working with advisers Jefferies to find strategic investors for 25-32%.
Panel to finalise cancer drugs for 30% trade margin cap; Rs 2,500 crore annual savings possible
An expert group is finalizing the list of cancer medicines for a new trade margin cap. The government plans to implement a 30% cap to reduce drug prices and save patients money. Retail prices of some anti-cancer drugs could drop by up to 70% as a result of this cap. The trade margin rationalisation will apply to all cancer medicines, including branded and generic versions.
Cabinet nod sought to extend power fund for 5 years
The power ministry is pursuing Cabinet approval for continuing the Power System Development Fund in upcoming finance cycles. The fund supports essential projects for enhancing the reliability and stability of Indias electricity grid. An allocation of around 1,103 crore has been earmarked for the fund in the union budget for FY27. Reports indicate that India needs enhanced systems to manage its increasing renewable energy capacity.
Railways cracks down on brand-linked tenders
The Railway Board has mandated the removal of restrictive conditions in procurement tenders for railway zones. This includes avoiding brand-specific references and adhering to Bureau of Indian Standards marked products. Previous procurement issues had been raised regarding certain items which pointed out flawed practices. The national transporter is expected to spend significant amounts as detailed in the latest budgetary report.
Aditya Birla Sun Life AMC, BGO target $1 billion real estate portfolio
The plan to deploy more capital comes as developers increasingly turn to institutional investors for structured capital amid regulatory changes, sector consolidation and stronger balance sheets among leading players.
Suppliers Tejas, C-DoT claim BSNL equipment meet TRAI standards
Tejas Networks and C-DoT have confirmed that their equipment meets the quality benchmarks set by Trai. Bharat Sanchar Nigam Ltd recently sought relaxed compliance timelines for new quality-of-service norms. The state-owned telecom operator cited challenges related to indigenous sourcing obligations in its request to Trai. Both Tejas Networks and C-DoT emphasized compliance with 3GPP standards in their responses.
IKEA targets 4x revenue growth in India by 2030
The observation comes as the retailer plans to quadruple its revenue in India by 2030, expand its store network to 30 from the current eight and double its investments to Rs 21,000 crore. IKEA, which is recording double-digit sales growth in India, expects to become profitable by 2027-28 if global conditions stabilise, IKEA India CEO Patrik Antoni said.
Cos' body for higher duty on copper used in solar module
The Indian Primary Copper Producers Association has urged the government to raise customs duties on solar copper products. They recommend increasing the duty on solar PV ribbon and busbars from 5% to 10%. The association also requests maintaining existing duties on refined copper and copper pipes. Domestic production is underutilized due to imports from China affecting the market.
FSSAI may amend laws to make online players more accountable
The regulator has also started inspections of dark stores of quick commerce firms and cloud kitchens, he said. While platforms often mention a product's shelf life, consumers may not know the actual expiry date or batch number of products before placing an order. The government has been examining complaints accusing quick commerce platforms such as Blinkit, Zepto and Swiggy Instamart of failing to display product information, including expiry, best-before and use-by dates.
Protests, traffic curbs in Delhi hit hotel business
Protests in Delhi are causing significant disruptions, leading to a notable decline in hotel occupancies across the city. Companies have chosen to cancel events and meetings to avoid travel difficulties amid ongoing unrest. Many hotels report F&B sales dropping significantly because of reduced guest activity and restricted access. Some firms have advised their employees to work from home due to traffic curbs and security measures.
Gold price surge boosts diamond jewellery sales 15-20%
With gold jewellery turning increasingly pricier, consumers are looking at diamond-studded pieces in the Rs 10,000-Rs 1 lakh price bracket. Jewellers are using 18-carat, 14-carat and 9-carat gold to make diamond jewellery more accessible, allowing shoppers to buy lighter pieces without compromising on design.
India's steel industry growing while global output falls: FM Nirmala Sitharaman
Sitharaman said India raised crude steel output by 10% in 2025 to 165 million tonnes and by 6% in January-August 2026, even as world output declined. India's share of world steel production has risen to about 9% from 5.2% in 2014, she added.
GE Aerospace aims to double India sourcing to $400 million in four years
GE Aerospace intends to increase its supply chain investments in India to $400 million annually by 2030. The company aims to expand its procurement from existing suppliers and add new components to its sourcing network. GE Aerospace operates in India for over four decades with key facilities in Pune and Bengaluru. Indian airlines have placed significant orders for aircraft, increasing demand for engines in the coming years.
EV owners alert! Insurance claims for repairs may cost more than for petrol, diesel cars here's how
Electric car insurance claims cost 14% more on average than comparable petrol and diesel car claims, with average costs rising further during monsoon conditions. Here's why.
ASICS opens 150th store in India
Global Japanese sportswear brand ASICS has opened its 150th store at Pacific Mall in Mansarovar, Jaipur. This store marks the third Company-Owned, Company-Operated store launched by ASICS in India. With a retail space of 1,508 square feet, the store offers products across various categories. Consumers can engage with the brand through Foot ID and explore suitable running and training products.
A property seller facing a 90.09 lakh income tax penalty after failing to file an ITR has received another chance to appeal. The ITAT condoned the delay and ordered fresh consideration, but did not cancel the penalty or decide the tax dispute.
Will RBIs new measures to support rupee affect overseas investments? Experts explain
The rupee surged 93 paise after the RBI tightened forex rules to curb dollar speculation. Experts explain how the measures could affect returns on US stocks, international mutual funds and ETFs, and what Indian investors should know about currency risk and overseas investments.
Their research shows how expectations about future income, prices and interest rates shape spending decisions, business behaviour and the effectiveness of monetary policy.
Earning 50,000, 1 lakh or 2 lakh a month? Here's how much you could save in 10 years
A consistent monthly investment can help salaried individuals build wealth over 10 years. For those earning 50,000, 1 lakh or 2 lakh a month, the potential corpus depends on how much they invest, the returns they earn and how inflation affects the future purchasing power of their savings.
Festive gold buying is common in India, but cash purchases and tax compliance rules apply. Here's all you need to know before purchasing ornaments and jewellery this Dhanteras.
Bringing down cost of flying can lead to disruptive aviation growth: Air India executive
Reducing taxes on aviation could make air travel more affordable for average Indians. Air India officials believe this will drive significant growth in passenger traffic. Currently, annual domestic passenger numbers are projected to rise from 340 million to 1.1 billion by 2040. Long-haul flights present a huge market opportunity for Indian carriers, contributing significantly to revenue. Focus on regional connectivity is essential for utilizing airports outside major cities more effectively.
UK stocks advance on banking-sector strength
(Corrects day in paragraph 1 to Monday from Thursday) Oct
40 SpiceJet pilots refuse to fly Q400 aircraft till salary dues cleared, sources say
Around 40 pilots of SpiceJet's Q400 fleet have delayed their flights until unpaid salary dues are settled. This decision has received support from the Airline Pilots' Association of India, which stands with the affected pilots. The pilots claim they have faced ongoing financial and operational challenges, creating a challenging work environment. SpiceJet's operational fleet is dwindling, with most aircraft currently parked.
When should you switch your financial advisor? 5 warning signs investors should watch for
A financial advisor should help investors meet their changing financial goals, not simply push new products. Here are five warning signs to watch for, from poor portfolio reviews and unclear recommendations to hidden costs and lack of transparency.
India, Czech Republic explore partnership to build 19, 40 and 90-seater aircraft in India
India is set to explore a collaboration with the Czech Republic to manufacture various regional aircraft. The partnership aims to fulfill regional connectivity needs under the UDAN scheme and cater to global markets. Discussions between Indian and Czech officials highlighted combining India's demand for air travel with Czech manufacturing expertise. The focus is on producing 19-seater, 40-seater, and 90-seater aircraft in India.
