Tony Fernandes, CEO, Capital A, Air Asia

"It's not high prices, it's real prices," Fernandes said. "I think the fares you're seeing now are really what you should have seen in 2019 as well"

Air India

From Reliance Industries reporting dip in profit-before tax, Tony Fernandes cutting AirAsia exit price to $50 mn to Air India pitching leave-without-pay scheme, here are the top news on Friday morning

Airasia

A watertight agreement is preventing Tata Sons from exiting AirAsia India

AirAsia

Chairman Kamarudin Meranun, too, relinquishes post temporarily over links to bribery scandal

AirAsia group CEO Tony Fernandes. Photo: Bloomberg

Tata Trusts Managing Trustee Venkataramanan also named on charges of trying to bribe govt officials

Indovative Products, a Delhi-based start-up that manufactures currency packaging products, submitted its bids but was rejected on the technical ground that it lacked "past experience"

Bank Note Paper Mill

Discount brokers have sustained the rise of the equity cult and gained market share. Now the old guard looks to strike back

Industry players say the number of demat accounts will continue to grow. However, the pace of addition may moderate.

markets, demat account

Half of India's population between the age of 30-55 years believes 59 years should be the age of retirement and thirty-two years is when one should ideally start retirement planning,

investment,saving, money, retirement, rupee

He pointed out that the year-on-year growth in September appeared somewhat "muted", primarily attributed to the substantial base effect

Auto sales continue to slide in Dec, likely to remain subdued for some time

The Apple iPhone 15 Pro Max stands out within the iPhone 15 series and offers substantial improvements over the previous generation model, the iPhone 14 Pro Max

Apple iPhone 15 Pro Max - Natural Titanium

Piyush Pandey is stepping into an advisory role at the company from the post of chairman global creative and executive chairman, starting January 1, 2024

Piyush Pandey

Vedanta to spin off, list six businesses to fuel growth

Vedanta

Lawsuits prompt calls for transparency and compensation in the world of generative AI

ChatGPT

The profitability of Meta, Amazon, Microsoft, Alphabet and Apple (MAMAA), twice the S&P 500 average of 10 per cent, has come to be seen as flowing from the abuse of market power, writes T N Ninan

Big Tech

Under this, construction workers who have been registered for ten years and have completed 60 years of age, will be given a pension assistance of Rs 1,500 per month for life

Bhupesh Baghel

Five resolutions placed by KRBL were rejected, including that of increasing remuneration of managing director (MD) and chairperson, three joint MDs and one whole time director

Just a few days before Invesco’s notice, proxy advisory firm Institutional Investors Advisory Services (IIAS) had asked Zee shareholders to vote against Kurien and Chokhani.

Corporate governance, Shareholders

Special efforts will be made to improve road connectivity and provide last-mile connectivity

hawa mahal, jaipur, rajasthan, clouds, tourism, historical palaces

All four junk-rated notes were indicated lower on Monday, Bloomberg-compiled data showed. The August 2024 bond posted the biggest drop, down 0.6 cents on the dollar to 62.6 cents

Vedanta, minning, manufacturing

The West Bengal government on Monday said that there is a high possibility of flood in seven districts of the state due to continued incessant rainfall in the upper catchment areas of neighbouring Jharkhand.
Chief Secretary H K Dwivedi on Monday afternoon held an urgent virtual meeting with senior officials of the districts of Paschim Bardhaman, Bankura, Birbhum, Purba Bardhaman, Paschim Medinipur, Hooghly and Howrah and directed them to immediately take all forms of precautionary measures.
"During the meeting, the chief secretary directed all District Magistrates and SPs to immediately identify low-lying and flood-prone areas as well as start monitoring waterlogging and embankment breaches and take proper steps for their remedies," an official statement said.
"The chief secretary informed the meeting that the India Meteorological Department (IMD) has predicted rainfall to continue till October 5 with heavy rainfall predicted tomorrow. The well-marked low-pressure area is currently 

flash flood, sikkim floods

Multi-sector investment firm IQuest Enterprises will acquire the active pharmaceutical ingredients (API) business of Viatris in India for an undisclosed amount.
The investment firm has entered into a definitive agreement to acquire the API operations of global pharmaceutical major Viatris in India, IQuest Enterprises said in a statement on Monday.
IQuest emerged as the preferred investor following a global competitive bid, it added.
As part of the deal, the company will acquire six API manufacturing facilities, three each in Vizag and Hyderabad, an R&D facility in Hyderabad, and third-party API sales.
"We are excited about our largest investment in the pharmaceutical sector till date. Our investment comes at an opportune time when India is drawing significant attention amongst the global pharma industry," IQuest Enterprises Executive Director Gunupati Swathi Reddy noted.
IQuest Enterprises is a multi-sector investment company. It has invested in various entities like AIG ...

AirAsia CEO Tony Fernandes

High airfares are here to stay after post-pandemic boom: AirAsia CEO

Top headlines: RIL's PBT dips 40%, battle to save jobs at Air India & more

For now, Tata Sons is stuck with AirAsia Berhad in a jinxed alliance

AirAsia's deals with Airbus in focus as CEO Tony Fernandes steps aside

CBI books AirAsia CEO Tony Fernandes, others for corruption