Airlines ‘fly high’ after passenger traffic surges
The Hindu
Shares of IndiGo parent, SpiceJet jump
Shares of Indian airlines InterGlobe Aviation and SpiceJet surged after regulatory data showed that passenger growth jumped 136.6% last month as the government started to ease COVID-related travel restrictions.
India had halted air travel in March 2020 as it went into a lockdown to curb the spread of COVID-19. Domestic flights resumed in May 2020, but air travel since has had some limitations as the pandemic progressed.
Domestic airlines carried 6.7 million passengers in August, compared with 2.8 million in the year-earlier period, said the Directorate General of Civil Aviation.
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Japan's SoftBank Group said Saturday it plans to build a huge new gas-fired power plant in the US state of Ohio
Silver prices plunge 9% to ₹2.06 lakh per kg in futures trade amid weak global cues and rising macroeconomic pressures.
OpenAI plans to nearly double its workforce to 8,000 from 4,500 by the end of 2026, the Financial Times reported on Saturday, citing two people with knowledge
Global equity markets plummet as West Asia tensions rise and oil prices surge, triggering significant investor anxiety.
The rupee hits a record low of 93.94 against the dollar amid foreign fund outflows and a crashing equity market.
The Thane police have arrested two co-founders of cryptocurrency exchange platform CoinDCX in connection with an alleged fraud of Rs 71.6 lakh, officials said
Meta Chief Executive Mark Zuckerberg is building a CEO agent to help him do his job, the Wall Street Journal reported
Insurance penetration and density are often misunderstood and do not reveal how many families are insured or whether they would be financially secure if the main earning member were to die. The real issue is not reach but adequacy, as households may have life insurance but not enough cover to replace lost income, leaving them financially vulnerable.
Five top firms lose ₹1 lakh crore in market value, with HDFC Bank experiencing the largest decline of ₹56,124.48 crore.