Airlines turn to premium cabins, upgraded lounges to boost revenue amid fuel costs Airlines are expanding their premium offerings, from luxury seats and Michelin-starred chefs to upgraded airport lounges, as they bet on growing demand for more comfortable and personalised travel experiences.The strategy could further reduce the share of economy-class seats on many flights, with…
Strait of Hormuz disruptions push IOC to acquire crude oil, LPG carriers With shipping costs rising sharply and movement around the Strait of Hormuz facing disruptions, Indian Oil Corporation (IOC) is looking to take greater control of how its crude oil and liquefied petroleum gas (LPG) reach its refineries.The state-owned oil major plans to purchase…
Samsung’s cash reserves to cross 200 trillion won as AI chip demand grows Samsung Electronics is on course to become the first company in South Korea to build cash assets of more than 200 trillion won ($146.6 billion), with the artificial intelligence (AI)-driven semiconductor boom strengthening its financial position.The chipmaker’s cash reserves have nearly doubled…
For generations, Diwali has been associated with distinctive business, financial and economic traditions that continue to evolve with changing times. Diwali is more than a festival of lights. For generations, it has also been an occasion for Indian businesses, traders and households to review their finances, begin new accounts, buy gold and make investments.While these…
Gold and silver price outlook NEW DELHI: Gold and silver may have ended the week on a brighter note, but whether they can keep the shine going is another question. Bullion prices could remain under pressure next week as investors brace for a busy mix of inflation data, crude oil movements and fresh twists in…
India’s renewable energy push could save $240 billion India’s shift towards renewable energy could help it save billions on fuel imports, while making the country less dependent on global energy markets.The transition could bring cumulative savings of nearly $240 billion on coal and natural gas imports by 2030, according to the International Energy Agency (IEA).As…
FIIs pour in Dalal Street after global AI stocks tumble NEW DELHI: Foreign portfolio investors (FPIs) have invested Rs 38,971 crore in Indian equities this week, as a sharp fall in global technology stocks flipped investment trends.Concerns over heavy spending on artificial intelligence (AI) and a possible slowdown in data centre investments have triggered selling…
Berkshire Hathaway’s profit falls 28% Berkshire Hathaway reported a more than 28% decline in its third-quarter profit, with weaker performance at its insurance businesses and changes in the value of its investments weighing down the results.The conglomerate posted a profit of $22.1 billion, or $15,502 per Class A share, compared with $30.8 billion, or $21,413…
Samvat 2083: What’s next for investors? NEW DELHI: Diwali is here, and investors are looking ahead to Samvat 2083 with one key question: what lies ahead for Dalal Street in the new year? While India’s domestic growth outlook remains encouraging, global uncertainties and market volatility could keep investors on their toes. Market participants are therefore…
Angan Guha, president and CEO ofAmericas 2 Strategic Market at Wipro BENGALURU: Wipro has appointed Angan Guha as president and CEO of its Americas 2 Strategic Market Unit, effective Dec 8. He will report to Wipro CEO Srini Pallia and join the company’s executive leadership team. Guha will focus on strengthening Wipro’s business across banking,…
