Boeing CEO Blasted by Senators For ‘Broken’ Safety Record

(Bloomberg) — Boeing Co. Chief Executive Officer Dave Calhoun faced searing criticism in a Senate hearing that accused him of failing to overcome the company’s manufacturing shortcomings by putting profit ahead of safety.  “You and your board of directors have a duty to your shareholders, but they will be deeply ill served if you fail … Read more

Fed Officials Urge Patience on Rate Cuts, Offer Hints on Timing

(Bloomberg) — A chorus of Federal Reserve officials on Tuesday emphasized the need for more evidence of cooling inflation before lowering interest rates, with a couple policymakers offering insight into the potential timing of such a move. Fed Governor Adriana Kugler said it will likely be appropriate for the central bank to cut rates “sometime … Read more

Confusion, website glitches mar first day of new ad rules

As advertisers rushed to upload their documents—on the Broadcast Seva website for TV and radio advertisements, and on the Press Council of India website for print and digital advertisements—they faced several technical glitches that left them unable to complete the process. Following a Supreme Court decision last month in the Patanjali Ayurved case, the ministry of … Read more

IPPB ties with Riya Money Transfer to set up 25,000 centres; eyes Southern states for international remittance

India Post Payments Bank (IPPB) on Wednesday announced a partnership with Ria Money Transfer to facilitate international remittances, particularly for rural customers. The service will include doorstep cash delivery. The collaboration with Ria Money, which is part of Euronet Worldwide Inc., will enable international inward money transfer services at over 25,000 post offices with immediate … Read more

Government aims 25% women workforce in Indian aviation by 2025

The Directorate General of Civil Aviation (DGCA) has issued an advisory to the stakeholders to increase the participation of women in the aviation workforce to 25% by 2025, as the government looks at ways to break gender bias and promote women empowerment in the country. The industry estimates an average of 5-14% presence of women … Read more

Building a retirement corpus: Strategies for a secure future

I am 40 years old, with two kids and a diverse investment portfolio. My assets include ₹52 lakh in EPF, ₹18 lakh in PPF, ₹2.85 crore in mutual funds, ₹80 lakh in equities, and ₹20 lakh in NPS. My monthly income is ₹3 lakh, with expenses of ₹1.5 lakh, and I invest ₹1 lakh monthly … Read more

Madhya Pradesh government suspends license of Som Distilleries in child labour case

Madhya Pradesh government suspends license of Som Distilleries in child labour case. As many as 39 boys and 19 girls were rescued from a distillery in Madhya Pradesh’s Raisen district.  Som Distilleries & Breweries is an ISO-certified group of companies manufacturing and supplying beer, IMFL (India-made Foreign Liquor) and RTD (Ready To Drink) beverages. The … Read more

From future investments to stock market prediction – Gautam Adani highlighted these 4 things

Adani Group founder Gautam Adani on June 19 spoke about India’s infrastructure sector, stock market, GDP growth, and future investments at “Infrastructure – the Catalyst for India’s Future” event organized byCrisil. “I am honoured to have been invited to deliver the keynote at Crisil’s Annual Infrastructure Summit. It is a privilege to speak at an … Read more

Aditya Birla Group’s TMRW invests ₹125 crore in Virat Kohil’s Wrogn

NEW DELHI:Aditya Birla Group’s fashion and lifestyle venture TMRW has invested ₹125 crore for a 16% stake in Universal Sportsbiz Pvt. Ltd (USPL), the Accel and Virat Kohli-backed parent of clothing brand Wrogn. The minority investment comes with “an option for a path to majority stake acquisition” later, Aditya Birla Fashion and Retail Ltd said … Read more

Air India to offer 3-class cabin configuration on domestic routes from July 1; unveils premium economy — details here

Air India on Wednesday announced that it would offer a new Business class, an all-new Premium Economy, and a new Economy cabin experience on domestic and short-haul international routes. Air India’s A320neo aircraft will now have the new three-class configuration. Air India Chief Executive Officer and Managing Director Campbell Wilson said, “The introduction of a … Read more