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AI privatisation welcome but clear salary dues first: Pilots
NEW DELHI: The proposal to privatise Air India is a welcome move but salary arrears should be settled first as promised earlier, feel pilots at the national carrier.
Facing tough financial conditions, Air India had resorted to salary cuts in 2012. Since then, arrears have been accumulating even as certain section of employees accepted revised pay scales.
Kerala govt investing Rs 50,000 cr on infra projects: Issac
Hyderabad: The Kerala government is investing about Rs 50,000 crore on infrastructure projects this year to enhance job opportunities for the youth, state Finance Minister Thomas Issac said here today.
Noting that about 40 per cent of the investment has already been declared, he said the proposed investment is huge for a small state like Kerala.
EU to slap Google with record fine this week: sources
Brussels: The EU's powerful anti-trust regulator will slap Google with a record fine as early as tomorrow in another European blow against a US tech giant, sources said.
Led by hard-charging European Commission competition chief Margrethe Vestager, the EU will impose a massive penalty against Google that would break the previous record of 1.06 billion euros set in 2009 against Intel, the US chipmaker.
Paytm raises $1.4 bn funding from SoftBank
NEW DELHI:Japanese conglomerate SoftBank has pumped in USD 1.4 billion (over Rs. 9,079 crore) in Indian digital payments platform, Paytm.
The funding will help Paytm -- operated by One97 Communications -- expand its soon-to-be launched payments bank operations as well as grow its user base and introduce more financial products for consumers.
AI starts direct flight between Delhi, Stockholm
NEW DELHI: Air India has announced non-stop flight services between Delhi and Stockholm, starting from August 15, 2017.
The flights will operate thrice a week -- Wednesdays, Fridays and Sundays - with each flight roughly having eight-hour duration.
Making the announcement, Ashwani Lohani, Chairman and Managing Director of Air India said, "As part of Air India's international route network expansion plans, we are happy to announce the Delhi-Stockholm direct flight from August 15, 2017. The flight will be operated thrice a week on Boeing 787 Dreamliner aircraft."
Gold climbs by Rs. 55 on positive global leads
NEW DELHI: Gold racked up gains on a bout of risk aversion as it climbed for the third straight day by gaining Rs. 55 to Rs. 28,630 per 10 grams Monday, reflecting a firm overseas trend amid local buying push.
However, silver came down by Rs. 100 to Rs. 38,500 per kg due to lower off take.
Markets conquer new peaks, Nifty scales 9,500
MUMBAI: Markets soared to record-smashing heights for the second straight session Tuesday as investors remained enthused by the early onset of monsoon amid quarterly earnings cheer.
Benchmark Sensex finished at a fresh lifetime high of 30,582 while the broader Nifty closed above the 9,500-mark for the first time.
Infy to hire 10,000 Americans, set up 4 tech hubs in US
NEW DELHI: IT firm Infosys will hire 10,000 Americans in the next two years and open four centres in the US in a bid to woo the Trump administration, which has been critical of outsourcing firms for unfairly taking jobs away from US workers.
The first of the four innovation centres for new technologies like artificial intelligence (AI) and machine learning will open in August in Indiana, the home state of US Vice President Mike Pence.
SC asks Essar to pay Rs 1038.27 cr to Guj Govt as power duty
New Delhi: The Supreme Court today dismissed the appeals of Essar Steel and Essar Power and upheld the Gujarat High Court's order holding them liable to pay Rs 1038.27 crore towards electricity duty to the state government.
"We are dismissing the appeals," a bench of Justices A K Sikri and Ashok Bhushan said.
Aditya Puri features in Barron’s 30 best CEOs
MUMBAI: HDFC Bank managing director Aditya Puri's name has featured in the list of world's 30 best CEOs, published by American financial magazine Barron's.
"Puri, 66, has transformed HDFC Bank from a start-up into one of the world’s highest-quality banks, generating eye-popping returns by maintaining lending standards while expanding beyond corporate loans into a full-service retail bank," Barron's said.