CAE Financial News

The stock market rebounded from its longest slide in 2023 amid a raft of corporate earnings, with traders awaiting results from giants Microsoft Corp. and Google’s parent Alphabet Inc. after the close. Oil held near US$85 a barrel.

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(Reuters) -Cadence Design Systems will buy analysis platform provider BETA CAE (NYSE:CAE) Systems International AG for $1.24 billion in cash and stock, the software firm said on Tuesday.

Air India is in the final stages of forming a joint venture (JV) with European aerospace major Airbus to form a facility for pilot training services that will be the largest in the South Asian region. People aware of the development said the total investment into the facility will be around ₹3,500 crore with both Air India and Airbus holding 50% stakes in the company. While the facility will initially start with six simulators for the Airbus A320 family and A350 aircraft types, it will have a capacity of expanding up to 20 simulators, making it one of the largest in the region, they said. It will cater to the needs of Air India but will also be open for other Airbus customers, sources said. The company will rival CSTPL, a JV between IndiGo's parent company InterGlobe and CAE Inc, which currently has the largest share of the flight simulation business in India. CSTPL — which currently has 8 simulators — is looking to add another five simulators in the next two years, people aware of the matter told ET. Air India is also finalising another JV with US-based L3 Harris for pilot training for Boeing aircraft such as the 737, 777 and 787. Former AirAsia CEO Sunil Bhaskaran is overseeing the setting up of the JV. «We understand the importance of developing self-reliance of human resources and have invested to build a pilot training facility as the airline caters for a huge need due to expansion of fleet and network,» an official said.

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The Creative Arts Education Society (CAES), which operates through its constituent academic institutions under the Pearl Academy umbrella, has entered into a partnership with the Rajiv Gandhi National Institute of Youth Development (RGNIYD), an Institute of national importance under the Ministry of Youth Affairs and Sports (MoYAS), government of India. This collaboration encompasses all bachelor’s and master’s degree programmes offered at various Pearl Academy campuses, including those located in Delhi West, Delhi South, Bengaluru, Mumbai and Jaipur, according to an official release.

Investors are more likely to trust financial planning advice generated by artificial intelligence than the myriad of opinions on social media.

Almost seven in ten of the 2,926 candidates who took the CFP Certification Exam in July passed.