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‘India’s airline fleet, airport capacity likely to double’
India is set to double its commercial fleet and airport capacity in metro cities in the next three to four years, Union minister of civil aviation Jyotiraditya Scindia said on Friday. “There will come a time in India, in the not-too-distant future, the next three years, four years, where our fleet capacity will grow from … Read more
Temu Is Baiting Amazon With 90% Prime Day Discounts
Temu may have better deals than Amazon during Prime Day. Amazon excludes Temu from its price-comparison algorithm, Reuters reported. Consumer user data indicates that Temu could be a serious threat to Amazon’s mobile app traffic. Prime Day shoppers may find lower prices on Temu. Amazon, for its part, isn’t even trying to compete on prices … Read more
Havells forays into contract manufacturing
The CMD has shared the following – Havells India is going to venture into electronic manufacturing service (EMS) or contract manufacturing space for appliances such as air-conditioners and washing machines to cater to the increasing demand of global brands to have an Indian manufacturing base (and hence reduce dependence on China). On a pilot basis, … Read more
Dollar Dominance Won’t Last, but De-Dollarization a Non-Issue: Paul Krugman
The dollar’s dominance in financial markets won’t last forever, Paul Krugman said. But fears that the dollar will be replaced anytime soon are largely unfounded. According to the economist, there are no better alternatives to the US currency at the moment. The dollar’s status as the top global reserve currency isn’t going to last forever … Read more
RBI asks banks to remain extra careful and vigilant, focus on governance
Reserve Bank Governor Shaktikanta Das Tuesday asked Indian banks to be extra careful and vigilant in view of the adverse global developments while strengthening corporate governance. The governor held meetings with the MD and CEOs of public sector banks and select private sector banks in Mumbai. The meetings were also attended by Deputy Governors, M. … Read more