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Anant Singhal, Team Lead, CAPA India, says “in the first quarter of the fiscal, the airlines witnessed very strong yields. In the current fiscal ending this month, there was a dip of about 15% to 17%. Coming to the next quarter, it again will be robust because demand will increase and we expect some upward swing in fares and in the yields that airlines earn.”There have been a lot of issues related to the aviation industry of late, flight cancellations, pilot resignations. What is indicative of the Indian aviation sector? Will we tide over it soon enough?Before I answer your question, I would like to provide some context. Right now, we have about 135 aircraft of Indian carriers that are grounded. Now, with that in mind, the pilot shortage that we would have expected is somewhat better, because 135 aircraft are on ground. As and when these aircraft start flying again and new inductions come in, the challenge of pilot shortage will likely go up and a lot of airlines are expected to face challenges with this area. Right now, it seems to be somewhat manageable, although lately because of the 40 resignations, about 80% of the schedule had to be cancelled. But overall, from the industry perspective, the issue of shortage of pilots is somewhat manageable, but when these aircraft start flying again it will start creating challenges for the industry.

US National Security Advisor Jake Sullivan on Thursday (local time) said he did not have anything to announce regarding US President Joe Biden's visit to India in January or any other time. Addressing a press briefing, Sullivan said, «I am not going to speak to either intelligence or law enforcement matters from this podium. I will let that process play out.

ICICI Bank and Canara Bank are likely to raise up to ₹9,000 crore worth of funds through the issuance of 10-year infrastructure bonds in coming days, sources aware of the developments said. Both ICICI Bank and Canara Bank are likely to issue 10-year bonds. Bidding for the latter's bond sale may take place next week, sources said. For Canara Bank, the issuance would mark its first-ever sale of infrastructure debt, which are long-term bonds of at least seven year maturity. ICICI Bank is looking to raise up to ₹4,000 crore, with the issuance likely to have a base size of ₹1,000 crore and a greenshoe option of ₹3,000 crore.

ESMA) is said to have proposed to the Reserve Bank of India to continue their existing Memorandum of Understanding on the treatment of clearing houses, a step that could resolve roadblocks to billions of dollars' worth of bond trading. The latest communication by Europe's top financial markets regulator to the RBI, made earlier this month, comes amid a standoff between the Indian central bank and European authorities over the latter's requirement of rights of audit and inspection of domestic clearing houses, including The Clearing Corporation of India Ltd (CCIL). «Around two weeks ago, ESMA put forward the idea of continuing with the current MoU that is in place. The existing framework does have certain provisions for oversight but within a clearly defined understanding that nothing would be done bypassing the RBI,» a person aware of the development said. «The root of the disagreement that broke out since last year is the EMIR (European Market Infrastructure Regulation) 2 which has far greater provisions of foreign oversight over domestic clearing houses.

Chicago Bears have rejected rumors of FBI raids on its facilities following the resignation of Defensive Coordinator Alan Williams. Brandon Faber, Vice President of Communications for the Bears has claimed that there has been no raid. The Bears have also shared the personal resignation statement of Williams. In his resignation letter, the defense coordinator said that he was resigning for health and family reasons.

NEW DELHI : India temporarily suspended visa services in Canada, citing heightened security threats to its missions, while also directing Ottawa to cut its diplomatic strength in India, marking an escalation in tensions. New Delhi alleged a lack of action by Canadian authorities to deal with the threats. “You are aware of the security threats being faced by our High Commission and consulates in Canada.

₹6.00 lakh on The Citizens’ Co-operative Bank Ltd., Jammu for non-compliance with the specific directions issued by RBI under ‘Supervisory Action Framework (SAF)’ and directions issued under ‘Exposure norms and Statutory/ Other Restrictions - UCBs’. The bank had sanctioned fresh loans and advances and allowed cash credit facilities to be overdrawn in violation of specific directions issued under SAF, and also breached prudential inter-bank (gross) exposure limit and inter-bank counterparty limit.

South Africa will host a meeting of nations participating in the U.S. Africa Growth and Opportunity Act despite earlier calls to exclude the country from the forum due to its ties to Russia and the docking of a sanctioned Russian vessel near Cape Town ...

Ayushman Bharat beneficiary cards have been made in just four days since the launch of the Ayushman Bhav campaign, Union Health Secretary Sudhansh Pant said on Thursday. He further said that more than 20 lakh ABHA IDs have been generated while footfall of more than 20 lakh have been registered at the Ayushman Bharat-Health and Wellness Centres and Community Health Centres for availing free treatment and screening services, he said. The Ayushman Bhav campaign, launched on September 13 by President Droupadi Murmu, is a comprehensive nationwide healthcare initiative that aims to provide saturation coverage of healthcare services in every village and town in the country. It is being implemented during the 'Seva Pakhwada' (fortnight of service) which began on Prime Minister Narendra Modi's birthday on September 17 and will continue till October 2. The three components of the Ayushman Bhav campaign — Ayushman — Apke Dwar 3.0, Ayushman Melas at Health and Wellness Centres (HWC) and Community Health Clinics (CHC), and Ayushman Sabhas in every village and panchayat — will substantially expedite the access of healthcare services at grassroots level thereby ensuring building of a healthy nation. Through the Ayushman Apke Dwar 3.0 initiative, the government aims to provide Ayushman cards to remaining eligible beneficiaries enrolled under the PM-JAY scheme, ensuring that more individuals have access to essential health services. Ayushman Melas at HWCs and CHCs will facilitate the creation of ABHA IDs (Health IDs) and issuance of Ayushman Bharat cards.

NEW DELHI : The Centre is confident of reaching its target of 12% ethanol blending with petrol target by the end of the current ethanol supply year ending October, Union food and public distribution secretary Sanjeev Chopra said on Thursday. This comes after the government procuring agency Food Corp of India (FCI) temporarily halted the supply of rice for ethanol production in July. While grains account for 20% of ethanol blending with petrol, sugar has a contribution of 80%.

NEW DELHI : Belgium is planning a high level visit from its senior leadership to India early next year, according to persons aware of the matter. The visit is expected to be at the foreign minister or prime minister level. This comes as Belgian firms eye opportunities in India’s burgeoning defence market, on the footsteps of French, Spanish and German defence firms that have stitched up lucrative contracts with India.

ELDG tokens can get a free week stay per year at the vacation home they co-own. The user can redeem the reward, or sell it to others. Statistics show that vacation rental projects are expected to generate revenue of $19.3 billion in 2023, in the US alone.

ANI quoted, "Yes, we've informed the Govt of Canada that there should be parity in strength in our mutual diplomatic presence. Their number is very much higher than ours in Canada... I assume there will be a reduction from the Canadian side." Adding more, Bagchi said, "Yes, I do think there is a degree of prejudice here.

Here is a list of few industry leaders from all walks of life and their immensely inspiring journey as leaders and their contributions towards their work and growth. 

Congress general secretary Priyanka Gandhi Vadra on Thursday said the sentiments of people were being used for political motives and they were being misled in the name of religion and caste as part of a conspiracy to ensure they don't ask basic questions. Addressing the 'Mahila Samridhi Sammelan' organised by the Bhupesh Baghel government in Bhilai, she attacked the Narendra Modi dispensation at the Centre for not talking about unemployment and price rise even as «industrialist friends» were making Rs 1,600 crore per day. Recalling a childhood experience, Gandhi said she and her father Rajiv Gandhi were visiting his constituency and the then PM, who was driving their vehicle, got down to talk to people. «A woman started shouting at my father complaining about the poor condition of roads.

China's top diplomat, then the commander and political commissar of the People's Liberation Army Rocket Force (PLARF), and now the country's minister of defense. The list of disappearing leaders just continues to mount, as Beijing draws a veil of secrecy over the obvious failure of the regime's efforts to curb personal greed and excesses. Speculation about the fate of Defense Minister Li Shangfu took on a new luster when US Ambassador to Japan Rahm Emanuel cheekily tweeted that the «unemployment rate» in the Chinese government was very high.

‘One Rank One Pension’ issue. Speaking at a meeting of the Air Force Association, ACM Bhadauria (retd) said, “I got more concerned in the last one-odd week when a different twist to this is being given in terms of creating a wedge between officers and men.

Adani Green Energy: Adani Green Energy Ltd, which is planning to raise $1.5 billion, may secure a big chunk of it from French energy giant TotalEnergies SE, two people aware of the matter said. The Gautam Adani-led group’s renewables firm will use $750 million of this amount to repay bonds. “Adani Green has got an approval to raise $1.5 billion this fiscal for capex and debt repayment.

The railroad industry is trying to make sure that emergency responders can quickly look up what is on a train quickly when they respond to a derailment

sexual assault, comedian and creator Russell Brand is facing a wave of disassociations from various companies and charities. On September 16, an exposé by the Times U.K., the Sunday Times, and Channel 4 Dispatches featured four women accusing Brand of sexual assault. These allegations compounded previous harassment claims mentioned in the report. Despite Brand's denial, stating that his relationships were consensual, companies swiftly began distancing themselves from him.

National Asset Reconstruction Company (NARCL) emerged as the winning bidder for the debt of Dharani Sugars and Chemicals at an uncontested Swiss auction, paving the way for the promoter to submit a fresh settlement offer with the new lender, said people aware of the development. The Supreme Court had stayed a liquidation order of the sugar maker given by the National COmpany Law Tribunal (NCLT). The National Company Law Appellate Tribunal, too, had upheld the NCLT order. Lenders did not receive any counteroffer for the ₹222.5 crore binding offer by NARCL, which triggered a Swiss challenge auction held on September 18. Officials from Dharani Sugars declined to comment on the matter. Dharani Sugars, which was admitted for insolvency in July 2021, had admitted claims of ₹707 crore. The resolution professional received two plans but 91.9% of lenders rejected both on May 18, 2023.