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Philip Goh, Regional Vice President for Asia Pacific of International Air Transport Association (IATA), made the remarks during a press conference at the 78th annual general meeting of the global airlines body.
Bitcoin, the biggest cryptocurrency was last down 7.79% at $18,848, having earlier touched $18,732, its lowest since December 2020.
India has already signed two important free trade agreements this year – with the United Arab Emirates (UAE) and Australia – and is negotiating a comprehensive trade deal with the United Kingdom, the breakaway partner of the EU.
Tesla has been eyeing the Indian auto market for the past few years but has been unwilling to comply with the Centre's conditions to sell the popular EV range.
Russia, facing severe Western sanctions over its invasion of Ukraine, warned the European Union in April against sweeping sanctions on coal, saying they would backfire as the fuel would be redirected to other markets.
Bitcoin fell as much as 6% to $19,377.08 at 2:54 pm Hong Kong on Saturday. The largest token by market value has fallen for 12 straight days.
As the Twitter drama unfolded, another report emerged that Musk had paid $250,000 to a flight attendant to quash a potential sexual harassment lawsuit against him.
Canada’s inflation rate has probably hit its highest in nearly 40 years, according to a Bloomberg survey of economists.
The previous week that ended on June 3, 2022, the total foreign exchange reserves were at $601.05 billion.
The net direct tax collections of ₹3,39,225 crore as of June 16 in the current financial year include corporation tax of ₹1,70,583 crore (net of refund) and the personal income tax including Security Transaction Tax (STT) at ₹1,67,960 crore (net of refund), according to data released by the Central Board of Direct Taxes.
Two options to choose from, with differing value for money – there’s the 6GB RAM and 128GB storage spec that’s for ₹26,999 and for ₹2,000 more, you get the 6GB+256GB option
Markets end in red as Sensex falls by 33.40 points; Nifty tanks by 33.10 points
Available within Microsoft Defender will be antivirus protection, malware protection that’ll also scan for malicious apps already installed
The BSE benchmark was trading 425.11 points lower at 51,070.68. The Nifty dipped 125.7 points to 15,234.90.
The government said it believed the new rules would not stop the free flow of data with the European Union and lawyers said Britain was adopting incremental reform.
“If someone is excellent at what they do but can only work remotely, to then fire them even though they are doing excellent work would be insane,” Musk added. “So I’m definitely not in favor of things that are, like, mad. I’m in favor of things that build the business and make it better.”
Dhara edible oil variants with the new MRP will reach the market by next week, the company said.
In a court filing late Wednesday, the company initiated Chapter 11 proceedings to manage its debt, which it said stood between $1 billion and $10 billion.
Across-the-board selling played havoc on the headline indices, with index majors Reliance Industries and HDFC twins contributing most to the decline.
A minimum 10-15 per cent increase in air fares is required to ensure that cost of operations are better sustained, news agency ANI quoted Ajay Singh, chairman and managing director, SpiceJet, as saying.
The BSE benchmark was trading with a jump of 601.11 points at 53,142.50. The Nifty rallied 171 points to 15,863.15.
According to experts, the high trade deficit in May was on account of higher merchandise imports.
Twitter previously announced a hiring pause and other efforts to reduce expenses.
Singapore-headquartered e-commerce firm Flipkart has operations in India only.
Distressed debt news provider Reorg first reported on the potential bankruptcy. Revlon’s shares plunged 53%, the biggest one-day drop on record, on Friday to close at $2.05.
Shareholders will vote on Tesla's proposed stock split on Aug. 4. If approved, it would be the company's first such action after a five-for-one split in August 2020.
India's acute second wave weighed heavily on growth through the middle of 2021, delaying its economic recovery, the Treasury said in a semi-annual report.
Kotak Bank was the top loser in the Sensex pack, skidding about 4 per cent, followed by Bajaj Finance, HDFC twins, Reliance Industries, Wipro, Infosys, Tech Mahindra, Tata Steel and TCS.
Fitch lowered India's economic growth for 2022/23 to 7.8% from the 8.5% it had forecast in March, saying the inflationary impacts of the global commodity price shock were dampening some of the positive growth momentum.
The tycoons are preparing aggressive game plans to ensure a win, according to people familiar with the matter.
Besides, a weaker rupee also weighed on the domestic equity markets, traders said.
US agency began its inquiry in August last year after a string of crashes since 2018 in which Teslas using the company's Autopilot or Traffic Aware Cruise Control systems hit vehicles at scenes.
There are speculations that the central bank may go for at least 35 basis points (bps) hike over and above the 40 bps hike effected last month after an off-cycle Monetary Policy Committee (MPC) meeting.
The company said it would "start with the recall immediately" and contact the owners of the "potentially affected vehicles".
An Indian-American employee of Google has resigned in protest.
The target asset of the agreement between Adani Transmission Ltd and Essar Power Ltd is an operational 400 kV inter-state line linking Mahan in Madhya Pradesh to Sipat pooling substation in Chhattisgarh.
The development comes as Musk said last month that the Twitter deal was "temporarily on hold", while he sought more information about the proportion of fake accounts on the platform.
The new rate of interest on employees' provident fund is the lowest in over four decades, since 1977-78 when it stood at 8 per cent.
India’s e-commerce model is unique that believes in the co-existence of both ‘kirana’ stores and e-tailing giants in contrast to some developed countries, Union minister Piyush Goyal said.
The 30-share BSE Sensex, which traded in the green for most part of the day, came under selling pressure towards the end to close 48.88 points or 0.09 per cent lower at 55,769.23. During the day, it hit a high of 56,432.65 and a low of 55,719.36.
Elon Musk's announcement of freezing hiring for Tesla worldwide comes after he told his staff to return to resume work from the office or leave the company
Mukesh Ambani, Gautam Adani: Bloomberg's billionaires index has both business tycoons in the top 10 global rankings.
Pak’s foreign exchange reserves fell below $10 billion, threatening to spill over into a full-blown economic crisis unless policy makers secure a loan from the International Monetary Fund.
According to a presentation made during the 2021 AI event, Optimus will be around 173 centimeters (5ft’8) tall, weigh around 57 kilograms and have a carrying capacity of 20 kilograms.
The 30 stock S&P BSE Sensex surged 590.04 points or 1.06 per cent to close at 56,408.15 points at 10:00 am.
According to the data, the high value of imports is mainly because of an about 92% jump in the cost of purchase of crude oil at $18.14 billion in May 2022 compared to $9.47 billion in May 2021.
The comment comes against the backdrop of recent agitations from employees at several technology companies.
A record $755 billion was spent globally on the deployment of low-carbon technologies in 2021, according to estimates by BloombergNEF.
India’s merchandise export in the first two months of current fiscal year (April -May 2022-23) was $77.08 billion with an increase of 22.26% over $63.05 billion in April -May 2021-22.
Petroleum products (52.71%), Electronic goods (41.46%) and RMG of all Textiles (22.94%) led the way in high increase in exports during May 2022, the government statement said