An Air India aircraft. As the Tata group completes the first year of taking over Air India, the airline on Friday said it is finalising a historic order of new aircraft while the airline's chief Campbell Wilson highlighted that the carrier's progress has been quite remarkable. Stepping into the second year of Air India 2.0, Wilson, in a message to employees, acknowledged that there will be challenges along the way and emphasised that more than successes, "it is how we respond to our lapses ... that will define us". The airline has put in place a roadmap under Vihaan.AI for transformation over the next five years and has taken various measures, including committing USD 400 million to refurbish the interiors of its entire wide-body fleet. However, in recent weeks, the carrier has faced certain headwinds related to the unruly behaviour of passengers onboard two international flights and has also been penalised by the aviation regulator DGCA. Listing out major initiatives, … [Read more...] about Air India has made ‘quite remarkable progress’: CEO; airline finalising historic aircraft order
Baroda BNP Paribas Mutual Fund started operations on March 14 as Baroda Asset Management Company and BNP Paribas Asset Management Company’s merger finally came through after more than two years. PRO Only Highlights - Quarterly performance largely backed by improved realisations - Medium-term triggers China plus and protectionist measures for tyre industry - Valuations not inexpensive; but improved medium-term outlook Highlights Strong earnings in Q3 FY23 AUM growth led by organic as well as inorganic growth Acquired mutual fund assets of iFast during the quarter Product mix improves further in favour of equity assets Superior business model Valuation rich The stock of Prudent Corporate Advisory Services (CMP: Rs 1,005; Mcap: Rs 4,162 crore) had a great run on the bourses since its listing last year in May. The mutual fund distributor’s stock has more than doubled in the last 6 months and is up 62 percent... … [Read more...] about Why is this mutual fund distributor buzzing on bourses since its listing in May last year?
Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × The share price of FSN E-Commerce Ventures , the parent company of fashion and cosmetic retailer Nykaa, continued its slide for another day on January 23 and the stock is now down over 20 percent so far this month. On the BSE, it traded down over 2 percent to Rs 124 as of 12 noon. The stock hit an all-time low of Rs 120.75 during the day as well, but saw some recovery as low levels. The stock is down 62 percent last year. The stock has been on a decline ever since the lock-in period for pre-IPO investors and the company brought a bonus issue to stabilise the share price. But now, some analysts have started upgrading their rating on the stock as prices have fallen a lot and valuation is turning favourable. “We had always liked Nykaa's business model,” said Manoj Menon, an analyst at … [Read more...] about Nykaa shares tumble 20% so far in this month; analysts find valuation ‘palatable’
And you already thought it was difficult to get a reservation at Noma. The Copenhagen restaurant, one of the world’s most famous and a top destination for food tourism, has given notice that it will permanently close its doors to regular service. The good news for fine-dining groupies: The closing won’t come until the end of 2024. Rumors that Noma would close have been swirling for months. Rene Redzepi, chef-owner of Noma, said Monday that it wasn’t possible to make the math of fine dining work for his almost 100 employees and himself. “We have to rethink the industry,” he told the New York Times. In 2021, the restaurant lost money, even with government support, while selling $700 lunches, although it said it expected a better result in 2022. The restaurant is currently offering a seasonal tasting menu including sika deer, game birds and reindeer with forest-scavenged mushrooms and berries for 3,500 Danish kroner ($500), with a 1,800-kroner wine pairing. A Noma … [Read more...] about Noma, one of the world’s best restaurants, is closing its doors
Air India reviewed its inflight alcohol service policy on January 24 and made some adjustments after embarrassing onboard incidents that triggered fines and public anger. As part of the review, the airline said it will adopt the US National Restaurant Association’s traffic light system to tactfully refuse alcohol to passengers if they seem to be at risk of behaving inappropriately. What is the National Restaurant Association’s traffic light system? The National Restaurant Association’s traffic light system asks servers to determine whether a customer needs to be cut off from being served liquor. The system categorises passengers into green, yellow or red stages based on their behaviour, body language, facial cues, and ability to comprehend instructions. Read More COVID-19 Vaccine Frequently Asked Questions View more How does a vaccine work? A vaccine works by mimicking a natural infection. A vaccine not only induces immune response to … [Read more...] about MC Explains | Air India’s new system to identify drunk passengers
Personal loans are great instruments to help you cope with unforeseen financial emergencies. Nowadays, getting online personal loan approval is easy, as the lender sanctions the loan to the borrower in just a few hours. However, the criteria for personal loan eligibility varies from person to person and depends on the past repayment record as it is an unsecured loan. Similarly, a successful settlement boosts your credit score and significantly improves your creditworthiness for further emergency loans. Continue reading to know the various factors that affect loan approval in 2023. 9 Personal Habits for Easy Loan Approval in India To ensure that you receive personal loan deals at attractive interest rates in future, keep the following principles in mind: 1. Keep a Short Repayment Period Read More Most people take EMI payments of personal loans very casually as they do not have anything at stake. Unfortunately, such behaviour leads to progressive interest accrual … [Read more...] about Factors That Decide Your Instant Personal Loan Approval in 2023
Indian Rupee Rupee-denominated bond sales are set to grind to a halt in a few days as India’s government upgrades an online portal used by companies to file regulatory documents. Starting Jan. 7, the Ministry of Corporate Affairs portal will be unavailable for companies to file a so-called PAS-3 form, or “return-of-allotment” form, as the administration migrates to a new version of its e-filing platform. The service will be unavailable until Jan. 22, according to a statement on the ministry’s website. The move could delay new sales because issuers can’t use funds raised through the sale of any bonds until they file the return-of-allotment form, which lists all security holders. “PAS-3 form is filed to the Registrar of Companies using the MCA portal, and only after filing this form can the bond proceeds be used,” said Jayen Shah, founder of Mavuca Capital Advisors Pvt., a fintech investment banking firm. “Given e-filings can’t be done, it will hurt issuance during this … [Read more...] about Rupee bond sales set to halt as India upgrades platform