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Subscribe to enjoy similar stories. The Interglobe Aviation Ltd stock (IndiGo) soared to a 52-week high of ₹5,190 on Thursday, reacting to the management’s upbeat commentary and growth plans at its analyst day. Among the key highlights was that the air travel boom led by the Mahakumbh gathering and an extended wedding season could give a big boost to its profit in the March quarter (Q4FY25).

The move represents a 13% reduction in the company’s global management headcount. A Morgan Stanley report estimates that Amazon’s reorganisation could result in the elimination of around 13,834 managerial roles, leading to significant cost efficiencies.

Rafale fighters armed with hypersonic nuclear missiles by the middle of the next decade to counter what it believes is the Russian threat from the east. Just days after proposing a nuclear umbrella to Europe in the event of US President Donald Trump withdrawing from the NATO military alliance, French President Emmanuel Macron on March 18 announced that an air base near the German border will have Rafale F5 combat jets armed with Air-Sol Nucleaire de 4eme Generation (ASN4G) hypersonic nuclear missiles. «By 2035, Luxeuil-Saint-Sauveur Air Base will be the first base to host the latest version of the Rafale fighter jet with a hypersonic nuclear missile, symbolising the renewal and modernisation of our nuclear deterrent forces that has begun.

No injuries were reported. The Houthis said they fired a ballistic missile at Israel's international airport, the second such attack since the United States began a new campaign of airstrikes against the rebels earlier this week. Over the decades, Israel has developed a sophisticated system capable of detecting incoming fire and deploying only if the projectile is headed toward a population center or sensitive military or civilian infrastructure. Israeli leaders say the system isn't 100% guaranteed, but credit it with preventing serious damage and countless casualties. Here's a closer look at Israel's multilayered air-defense system: The Arrow: This system developed with the U.S. is designed to intercept long-range missiles. The Arrow, which operates outside the atmosphere, has been used to intercept long-range missiles launched by the Houthis as well as those launched by Iran during two direct exchanges of fire last year.

Thyrocare founder, whose net worth is estimated to be over Rs 5,000 crore, shared the news of a Bengaluru-based engineer, who was earning over Rs 1.5 lakh per month, but was struggling to pay bills and sustain his daily. Sharing the news, the business tycoon wrote, “If not frugal, life will be highly fragile. Success is not how much you earn. It is how little you need.”

Nitin Gadkari, Minister for Road Transport & Highways emphasized the nation's commitment to reducing logistics costs from the current 14-16 per cent to single digits, positioning India to compete effectively with global economic powerhouses like China and the US, at 32nd Convergence India & 10th Smart Cities India Expo. This year's expo features advancements in 5G & 6G, Artificial Intelligence (AI), Big Data, IoT, Cybersecurity, Augmented & Virtual Reality (AR/VR), Embedded Tech, Fintech, Urban Mobility, and Smart City Solutions. Attendees will also have access to the latest developments in Digital Gaming, Mobile Devices & Accessories, OTT Platforms, Security & Surveillance, E-commerce, Mobile Apps, Drone Technology, and more.

IndiGo have zoomed 7.9% in just 2 days to hit their new all-time high of Rs 5,187 on the BSE after the airline company shared its ambitious roadmap for FY30. IndiGo, in its investor presentation, shared that it anticipates carrying 118 million passengers in FY25, with early double-digit growth projected for FY26. The airline also aims to expand its network by adding 14 new destinations in FY26, further enhancing its domestic and international reach.

Tata Communications Thursday announced the launch of Tata Communications Vayu, the next-gen Cloud fabric for enterprise IT. It aims to tackle rising cloud costs, multi-cloud complexities, and Al infrastructure demands empowering businesses to navigate the Intelligent Enterprise era, the company said in a release. The Cloud fabric is built for ease and control, integrating laaS, PaaS, Al Platform, Security, Cloud Connectivity, and professional services into a single, intelligent ecosystem. It eliminates management complexity, reduces operational costs and ensures enterprises can scale effortlessly without vendor lock-in. The fabric delivers up to 30 per cent cost-saving with a transparent pricing model, built-in Finops automation, and multi-Cloud flexibility, while optimising workload performance.

old tax regime for FY25 must submit tax-saving proofs to ensure that less tax (due to the tax savings) is deducted from his/her salary and to avoid the hassle of claiming a refund while filing the year's income tax return (ITR). If eligible, one can claim various tax exemptions and deductions under the old tax regime while filing ITR as well; these include HRA exemption, Section 80C, and other deductions. However, many people are unaware that the exemption claimed for leave travel allowance (LTA) in ITR can face detailed scrutiny/questioning by the income tax authorities if the exemption is not claimed through an employer.

Xiaomi Technology India is held up as of December-end as local authorities have attached a few of its bank accounts, its Chinese parent said, underlining that the smartphone maker is open to enter into settlement negotiations. The wholly owned unit of Xiaomi Corp has been facing investigations and notifications by multiple authorities since December 2021. These include the income tax department, Directorate of Revenue Intelligence, and Directorate of Enforcement. These are in relation to compliance of income tax, Customs duties and foreign exchange regulations. Xiaomi Corp in its 2024 earnings report said the cases in India are currently in the hearing stages and not yet concluded, adding that it can receive judgments or enter into settlements that may adversely affect operating results or cash flows.

UPI transactions, which are valued at less than Rs 2,000 and are made to small merchants, the acquiring bank and other involved stakeholders will be eligible for an aggregate incentive at the rate of 0.15% per transaction value. According to the circular, “the scheme, which has an outlay of around Rs 1,500 crore for 2024-25, will have the government pay incentive to the acquiring bank (Merchant's bank) and thereafter shared among other stakeholders, namely issuer bank (Customer's Bank), Payment Service Provider Bank (facilitates onboarding of customers on UPI apps and API integrations), and App Providers (TPAPs). As per NPCI (National Payments Corporation of India), P2PM merchants, or small merchants, are those who have a projected inward UPI transaction value of less than or equal to Rs 50,000 per month.

Hyundai Motor India shares will be in focus on Thursday after the company announced a price hike of up to 3% across its models from April 2025, citing rising raw material and operational costs. The price hike will vary depending on the model, the company said. This is Hyundai's second price hike since its initial public offering (IPO) in October. It raised prices by up to Rs 25,000 across models in December.

With the recent spike in egg prices, fueled by outbreaks of bird flu, restaurants now have another headache: beef prices are increasing, and they worry about how it will affect their menus, according to Daily Mail. Based on recent figures, prices for beef and veal have jumped 5.5% higher in January than they did in the same period last year, more than inflation in the rest of the American economy, Daily Mail reported.

Following the move, shares of major steel companies climbed up on the bourses, with state-owned SAIL ending the day 3.99% up on the BSE, while Tata Steel gained 2.52%, JSW Steel 1.35% and Jindal Steel & Power 0.25%. The proposal came following an investigation on a complaint from Indian Steel Association into the sudden surge in imports of non-alloy and alloy steel flat products.

Canada’s economy may have ended 2024 on a high note, but that could all be undone as world trade is upended by Donald Trump’s tariff war, according to a new report by the Organization for Economic Co-operation and Development (OECD).

Ottawa has put in place new rules limiting the fees banks can levy on customers who don’t have enough in their accounts to cover a cheque or other pre-authorized charges.

Some Canadian companies are contemplating moving their operations to the United States as a long-term solution to get around Donald Trump‘s tariff threats and protect the viability of their businesses, according to a new survey by PricewaterhouseCoopers LLP Canada.

But his tariffs could have the opposite effect on the company's suppliers. Trump has imposed a few tariffs so far, but he says more are coming in just a few weeks. That threat has unnerved the aerospace industry, of which Boeing is one of the largest companies. Duties on aluminum and steel, two of the most important raw materials used in aircraft, are expected to raise manufacturing costs. But the industry is far more concerned by tariffs that take effect on goods from Canada and Mexico next month, which could disrupt the highly integrated North American supply chain. «These tariffs are particularly fraught for an industry like aerospace that has been duty-free for decades,» said Bruce Hirsh, a trade policy expert at Capitol Counsel, a lobbying firm in Washington, which has aerospace clients. «Parts are coming from everywhere.» Many companies have been able to avoid costly cross-border tariffs under a short-term reprieve for products covered by a North American trade agreement that Trump negotiated in his first term. But that deal expires in April.

Federal Reserve held interest rates steady on Wednesday, as expected, but U.S. central bank policymakers indicated they still anticipate reducing borrowing costs by half a percentage point by the end of this year in the context of slowing economic growth and, eventually, a downturn in inflation. Taking stock of the Trump administration's rollout of tariffs, Fed officials actually marked up their outlook for inflation this year, with their preferred measure of price increases expected to end the year at 2.7% versus the 2.5% pace anticipated in December. The Fed targets inflation at 2%.

Liv Morgan, who is the on-screen love interest of Dominik Mysterio, has hinted towards a potential betrayal and ignited break up rumours on social media. This comes after The Judgement Day faced a tough time on this week's Monday Night RAW, when Mysterio's mistake cost Finn Bálor his title shot against Bron Breakker.

Subscribe to enjoy similar stories. US Republicans have long thought that what the federal government does can be done better, faster or cheaper by the private sector. So it should not shock anyone that US Treasury Secretary Scott Bessent recently revealed a larger agenda that sheds light on the Trump administration’s seemingly indiscriminate cuts to federal workers and agencies.