International Financial News
22.09 / 17:04
markets
Provident
Airlines
RAI
exclusive
International
Customers
Air India looks to upgrade inflight product to woo premium customers
Air India is planning for a faster upgrade of its in-flight product on its key international routes to US and Europe as the Tata group airline tries to attract premium customers who had till now opted for Middle East carriers like Emirates and Qatar Airways due to higher service standard. The airline is planning to amplify its offerings with first class, on top of a business class in its new A350 planes and is also upgrading cabins in its A320 narrow body aircraft. Simultaneously it has planned to have exclusive lounges for its customers at Delhi, Mumbai, Dubai, London, New York, San Francisco by the end of 2025. “We have been talking about the Air India transformation and took a lot of initiatives, but with our new product people are now able to feel it. We have received good reviews from our customers and they feel that it is the sign of a new Air India which will be ready in next two years,” Rajesh Dogra, Chief Customer Experience Officer at the airline said.
22.09 / 17:03
markets
Fighting
Assurant
Election
International
Pakistan asking IMF for $7 billion bailout package, could have asked us, says Rajnath Singh in J&K
Rajnath Singh on Sunday said that Pakistan has asked the International Monetary Fund (IMF) for a seven-billion-dollar bailout package, and Prime Minister Narendra Modi has given more than this for the PF package for J&K. «Pakistan is requesting the IMF for a USD 7 billion bailout package. They could have asked India. PM Modi has given more than this in the PF package for J&K. They are in this condition because they domesticated snakes,» said Rajnath Singh while addressing a public rally in Jammu. «We have done whatever we promised in the BJP election manifesto. We spoke about the abrogation of Article 370, and we did it as soon as we got the majority in centre. I feel pained by what Omar Abudullah said and did. He said that he won't fight in elections till the J&K restores statehood, but now he is fighting from two constituencies. Parties like the PDP, NC, and Congress claim that they will give statehood to J&K. How will they? They do not have government in the centre. Without that, it is not possible. Politics should not be done to win in elections. It must be done to build a country,» Rajnath Singh said slamming J&K opposition parties.
22.09 / 17:03
markets
Waters
security
War
country
peace
International
Quad unveils new security measures amid shared concerns over China's military posturing in Indo-Pacific
Quad unveiled major steps to expand maritime security cooperation in the Indo-Pacific and called for lasting peace in Ukraine with Prime Minister Narendra Modi asserting that the grouping is for a rules-based global order that respects the sovereignty and territorial integrity of nations. In the annual Quad summit hosted by outgoing US President Joe Biden at his home state of Delaware, the leaders, without directly naming China, expressed serious concern over the situation in the South China Sea and nearby waters and condemned the «dangerous» use of coast guard and maritime militia vessels in that region. Besides Modi and Biden, the fourth in-person summit on Saturday was attended by Japanese Prime Minister Fumio Kishida and his Australian counterpart Anthony Albanese.
22.09 / 13:51
UPS
CEO
Dreams
2020
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Interviews
International
Elliott Hill loved Nike and left It. Now he’s back as CEO
Subscribe to enjoy similar stories. Nike’s incoming chief executive is known for welling up with tears when he speaks about the company because he cares so much about it. Elliott Hill started working at the sneaker giant in 1988 as an intern, taking calls from customers and moving boxes in a warehouse.
22.09 / 13:51
Manufacturing
country
rights
International
Roche chairman calls industrial subsidies a ‘waste of money’
Subscribe to enjoy similar stories. SHANGHAI : The chairman of drugmaker Roche denounced the recent boom in industrial subsidies by the U.S. and European governments and called them a “waste of money." Roche’s Severin Schwan used a visit to Shanghai for a business forum to criticize support that Western nations have increasingly offered to give their manufacturing industries a boost against competition from China and other nations.
22.09 / 11:59
markets
economy
Research
Trade
country
prevention
International
IPEF talks’ secrecy, limited public input key concerns: GTRI
Economic Framework for Prosperity (IPEF) negotiations have mostly been conducted in secrecy with limited public input and it raises concerns whether the member countries, including India, were able to protect their key interests, think tank Global Trade Research Initiative (GTRI) said Sunday. It cautioned that the commitments related to the effective administration of tax policy might curtail the ability to raise tax revenue. It said in the supply chain pillar, a major issue is whether the agreement might restrict members from trading critical materials, particularly with China as this could pose challenges for Association of SouthEast Asian Nations (Asean) countries, whose largest trading partner is China. “It is hoped that India has negotiated enough flexibility to avoid strict clauses, such as the not to use export restrictions. These are critical during emergencies, as no country can be expected to supply essential goods when facing its own crisis,” GTRI Founder Ajay Srivastava said.
22.09 / 11:59
markets
Citizens
security
country
fun
International
BSF creates open-air gyms, bathrooms for women along India-Bangladesh border in West Bengal
bathing sheds for women have been created by a BSF battalion deployed in this frontier area of West Bengal to guard the India-Bangaldesh international boundary. The facilities were created following the Union home ministry's directive to the border forces to engage with the local population, with Home Minister Amit Shah saying these remote locations on the front are not the last but the first villages of the country, and organisations like the Border Security Force (BSF) should take all measures for the betterment of the lives of the citizens residing in these security-sensitive areas, a senior officer told PTI. The 32nd battalion of the BSF has created the open-air gyms near its border outposts of Gede, Kadipur and Tungi in West Bengal's Nadia district. Equipment like parallel bars, waist stretchers, chest press, fun rider, lateral pull down, sit-up trainer, two-sided rotator and «tai chi spinner» have been installed in these gyms, the officer said.
22.09 / 11:37
markets
economy
Research
Trade
country
International
Secrecy in IPEF negotiations raises concerns over protection of key interests: GTRI
India, were able to protect their key interests, think tank GTRI said on Sunday. The 14-member IPEF bloc was launched jointly by the US and other partner countries of the Indo-Pacific region on May 23, 2022, in Tokyo. Together, they account for 40 per cent of the world's economic output and 28 per cent of trade. The framework is structured around four pillars relating to trade, supply chains, clean economy and fair economy. India has joined all the pillars except the trade. Australia, Brunei Darussalam, Fiji, India, Indonesia, Japan, Korea, Malaysia, New Zealand, the Philippines, Singapore, Thailand, the US, and Vietnam are members of the bloc.
22.09 / 11:37
awards
WhatsApp
Justice
Courts
International
Delhi High Court stays enforcement of Rs 300 cr arbitral award against ENI Group
arbitral award that a consortium led by ONGC won against the Italian energy multinational ENI Group in 2021. Justice Prateek Jalan passed the stay order after the ENI group deposited over Rs 296 crore in the HC, which also gave liberty to the ONGC to initiate appropriate proceedings with regard to the money lying in the international bank account of the group. However, the HC allowed the Italian energy group to file its objections to the execution petition moved by the ONGC. According to ONGC, the foreign energy company is liable to pay USD 31,577,805 in terms of the award.
22.09 / 02:25
Provident
Aware
security
Sustainability
Research
country
International
Quad countries to deliver trusted technology solutions to broader Indo-Pacific region, grouping more strategically aligned: Wilmington Declaration
Quad countries on Saturday announced Maritime Initiative for Training in the Indo-Pacific" (MAITRI) to enable Indo-Pacific partners to maximize tools provided through Indo-Pacific Partnership for Maritime Domain Awareness (IPMDA) and other initiatives. The Quad countries said they are proud to announce an ambitious expansion of their partnership to deliver trusted technology solutions to the broader Indo-Pacific region. «Anchored by shared values, we seek to uphold the international order based on the rule of law. Together, we represent nearly two billion people and over one-third of global gross domestic product. We reaffirm our steadfast commitment to a free and open Indo-Pacific that is inclusive and resilient,» read the Wilmington Declaration Joint Statement released after the Quad Summit.
22.09 / 02:01
markets
UPS
FIVE
JPMorgan
students
International
The hardest US bank to get into isn’t Goldman Sachs or JPMorgan, actually
Despite the rising number of applications and the falling number of internships, the hardest (major) investment bank to land an internship isn’t the venerable JPMorgan and its 0.91% acceptance rate or Goldman Sachs and its 0.8%. No, the toughest bank to land an internship at – statistically – is Morgan Stanley.
21.09 / 20:29
Strategy
hospital
International
Motel 6 sold to Indian hotel operator for $525 million
The budget motel chain Motel 6 is being acquired by the parent company of Oyo, a hotel operator based in India
21.09 / 18:43
markets
Digital
security
Sustainability
War
peace
International
Modi in US: Sharing lessons, shaping future the India way
Narendra Modi will once again be on the big stage on Monday when he attends the United Nations Summit of the Future in New York. The idea of the summit emerged in 2021 in recognition of the fact, in the words of the UN Secretary General, that «we cannot continue to tackle 21st century challenges and opportunities with the 20th century foundational ideas and processes of the UN». The summit is an opportunity for international leaders to decide how to deliver a better today and safeguard the opportunities of tomorrow. The UN Secretary General has called it a «trust building exercise». The chief outcome document of the summit will be a Pact for the Future that is supposed to guide humanity as it moves towards the endpoint of the 2030 Sustainable Development Goals and beyond. The five chosen pillars of focus are sustainable development and financing for development, international peace and security, science, technology and innovation and digital cooperation, youth and future generations, and transforming global governance. The pact will be annexed with a Declaration on Future Generations and a Global Digital Compact.
21.09 / 18:19
markets
Citizens
wellness
hospital
travelers
International
Destinations
Silver service: Hotels are changing for senior citizens, here's what they have to offer
“We are pampered there. Even our diet preferences, like turmeric milk at sundown, are known to the staff,” says Ganapathy, who has retired from Tata Coffee. For the couple, familiarity breeds comfort. They stay for 10-15 days at a stretch at the hotel. “We get personalised service and even assistance with unpacking,” says Jemmy.
21.09 / 11:27
COST
Racing
Election
President
show
country
International
Voting ends in Sri Lanka to choose a president and a way out of years of turmoil
Voting has ended in Sri Lanka’s presidential election as it seeks to recover from the worst economic crisis in its history and the resulting political upheaval
21.09 / 11:19
markets
Digital
security
innovations
Schools
International
Indian educators to procure 1,000 AI-powered EdTech innovation
Indian educators will procure more than 1,000 AI-Powered EdTech innovations showcased at Didac India 2024 exhibition, according to a statement. The 14th edition of Didac India, an exhibition and conference focused on education and skilling resources, was organised by Messe Stuttgart India from September 18 to 20 at Yashobhoomi, New Delhi. The event witnessed the unveiling of a diverse array of futuristic solutions and resources with exhibitors from over 20 countries showcasing more than 5,000 Edtech products and innovations, the statement said. «Over 1000 cutting-edge AI products are going to be procured by Indian educators to transform India's education and skill sector,» it stated.
21.09 / 10:07
Manufacturing
BAC
reports
Investigations
International
The mysterious trail of Hezbollah’s exploding pagers
Subscribe to enjoy similar stories. The puzzle of how thousands of pagers were sabotaged in an Israeli attack on Hezbollah this past week has sparked investigations into the supply chain behind them, leading investigators to a labyrinth of shadowy companies and individuals spanning Asia and Eastern Europe. The search for who was behind the manufacturing, sale and distribution of the pagers has pointed to some companies that were created in recent years, with little to no paper trail of their activities and run by mysterious business people with a vague online footprint and little experience in the telecommunications industry.
21.09 / 06:03
markets
CEO
Sustainability
Food
Experts
innovations
International
Make-in-India spirits poised for global growth; focus on global expansion, premiumization, innovation and collaboration
alcobev industry serves as a growth catalyst for related sectors like tourism, agriculture, retail and food processing, creating direct and indirect employment opportunities for millions while showcasing the significant potential for global expansion in the spirits segment. Valued at US$52.4 billion, the sector contributes significantly to India's economy, accounting for nearly 2% of the nation’s GDP (FY21). This year, the growing acceptance of the sector was showcased by the participation at the World Food India 2024, organised recently in the capital. During a session on ‘Indian Spirits Brands Going Global: Promotion and Innovation', industry experts discussed the evolution and future of India's alcobev industry. Sanjit Padhi, CEO, International Spirits and Wines Association of India (ISWAI), led the session, and the industry experts shed light on India’s success in producing world-class spirits, particularly single malts, with globally renowned brands leading the charge.
21.09 / 04:37
COST
UPS
Airlines
cover
International
American Airlines negotiates a contract extension with labor unions that it sued 5 years ago
American Airlines has agreed on a contract extension for ground workers including mechanics and baggage handlers
21.09 / 04:37
CEO
security
Boeing
President
performer
information
International
The head of Boeing's defense and space business is out as company tries to fix troubled contracts
Boeing is replacing the head of its defense and space business
21.09 / 04:37
Progressive
CEO
Boeing
show
reports
recommendations
International
A strike by Boeing factory workers shows no signs of ending after its first week
Boeing has started rolling furloughs of nonunion employees as a week-old labor strike by 33,000 union machinists shows no signs of ending
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