Pilots’ Unions Advise Against AI Employees’ Bid For Carrier

 National carrier Air India’s pilots unions have advised their members not to take part in the employees bid to take over the airline via the divestment process. Accordingly, both the — Indian Commercial Pilots’ Association (ICPA) and the Indian Pilots’ Guild — have written to their member pilots not to participate in the plan proposed

Indian e-com volumes jumps 56% in festive season

India’s e-commerce industry reported nearly 56 per cent growth in order volume this festive season amid the pandemic as compared to the same period last year, said a new report on Friday. The increase in order volume also led to the 50 per cent growth in gross merchandise value (GMV) as compared to the last

Sensex, Nifty surpass record figures

The BSE Sensex crossed the 45,000 mark for the first time ever, after the RBI Governor Shaktikanta Das said that the accommodative stance would continue for the rest of FY21 and revised the growth prospects. Around 11.10 a.m., Sensex touched an all-time high of 45,033.19 points. The Nifty50, also touched a fresh all-time high of

As Harley exits India Dealers demand a ‘fair deal’

Harley-Davidson’s dealers association said demanded a “fair deal” of compensation from the American cruiser bike major, before it exits the country. The association represents 33 Harley-Davidson outlets in India. “All the 33 dealer partners have been facing a problem since Harley-Davidson announced withdrawal of independent operations in India and revealed a new partnership with Hero

Indian Aviation Sector To Clock Rs 210 Bn loss in FY21: ICRA

India’s aviation industry is expected to report a net loss of Rs 210 billion in FY21, credit rating agency ICRA said. ICRA expects the profitability of the Indian aviation industry to be adversely impacted in FY2021 due to lower revenues and high fixed costs, estimating it will report a significant net loss of Rs 210

Twenty seven states opt for centre’s GST Option 1

With Chhattisgarh communicating its acceptance of Option-1 to meet the revenue shortfall arising out of GST implementation, all the states barring Jharkhand have joined the Centre’s suggested formula on compensation settlement. The number of states who have favoured Option-1 has gone up to 27. All states except Jharkhand and all the 3 union territories with

AI Employees Set To Bid For the National Carrier

In a curious turn of events, Air India employees are preparing to bid for the national carrier in partnership with a private equity fund and each employee will be asked to contribute Rs 1 lakh towards the bid. “The PIM (Preliminary Information Memorandum) thankfully, made it possible for the employees of Air India to take

Dell, Mi tops India’s most trusted brands list

Dell has been ranked as India’s most trusted brand second year in a row in TRA’s Brand Trust Report (BTR) 2020. Chinese mobile phone major ‘Mi’ ranked second and led that mobile phone category for the first, it said. Samsung Mobiles secured the third place, followed by Apple iPhone and LG taking fourth and fifth

MDH owner Dharampal Gulati passes away

Mahashay Dharampal Gulati, the owner of the spices brand ‘MDH’ passed away on Thursday morning. Reports suggest that his health deteriorated recently and he was undergoing treatment at a Delhi hospital. On Thursday early morning, he suffered cardiac and passed away. Born in 1923 in undivided India in Sialkot, now in Pakistan, Mahashay, also popularly

Infosys, Rolls-Royce tie up in aerospace sector

Leading aerospace and defence technology company Rolls-Royce and IT major Infosys on Wednesday announced their strategic partnership for aerospace engineering in India. As part of the overall partnership, Rolls-Royce will transition a significant part of its engineering centre capabilities for Civil Aerospace in Bengaluru to Infosys. “Leveraging its expertise in core engineering services, digital transformation