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business

Vistara to stop operations as it merges with Air India starting November 12

Vistara to stop independent operations as it merges with Air India starting Nov 12

All Vistara flights will be rebranded with Air India's "AI" flight code, replacing Vistara’s "UK" code. Henceforth, all Vistara-related bookings will be handled exclusively through Air India’s digital platforms.

Vistara to stop operations as it merges with Air India starting November 12

First underground AC market opens up in Bengaluru

Vistara to stop operations as it merges with Air India starting November 12

Government introduces Unified Pension Scheme, offering guaranteed pension benefits for central employees

Vistara to stop operations as it merges with Air India starting November 12

Tata Consulting Engineers CEO says India to deploy 40-50 small nuclear reactors for net-zero emissions by 2070

Representational Image: Air India

Air India hit with ₹90 Lakh fine by DGCA for deploying unqualified crew on Mumbai-Riyadh flight

Regulatory actions have been taken after serious safety breach involving improper crew assignment on international flight.

IMF Executive Directors, Krishnamurthy Subramanian

IMF's Executive Director forecasts India’s $55 trillion economy by 2047

Subramanian projects India could grow the economy with an 8% annual growth rate and 5% inflation. Key factors include formalizing the economy and boosting productivity.

General Motors

General Motors cuts over 1,000 jobs to streamline operations and boost efficiency

General Motors’ recent layoffs, impacting over 1,000 employees, are part of a cost-cutting strategy amid software issues, leadership changes, and program cancellations. This reflects broader tech sector downsizing trends in 2024.

SEBI

Hindenburg Research accuses Sebi chief of cover up in probing ‘Adani money siphoning scandal’

In its latest report, Hindenburg last week accused SEBI chief Madhabi and her husband Dhaval Buch of having held “stakes in both the obscure offshore funds used in the Adani money siphoning scandal.”

Siddaramaiah, Chief Minister of Karnataka

Karnataka welcomes Foxconn’s ₹22,000 crore investment and job creation

One of the major initiatives under consideration is Foxconn's new mobile phone assembly unit, known as Project Elephant, to be established in Karnataka. With a substantial investment of ₹22,000 crore, the project aims to create over 40,000 jobs.

Cisco Systems, Inc.

Cisco slashes 6,000 employees in latest cost-cutting move

The company's decision to implement these layoffs is part of a broader restructuring initiative aimed at reallocating resources to key growth areas and enhancing operational efficiency. Cisco has stated that this restructuring will affect about 7% of its total workforce.

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