DGCA directs airlines to seat kids up to 12 years with their parents

A child who is less than 12 years of age must be allotted a seat beside at least one parent or a guardian with whom he is travelling, the Directorate General of Civil Aviation (DGCA) told airlines on Tuesday. The DGCA has said that the air transport circular on unbundling of services and fees by scheduled airlines is being modified. It allows airlines to charge for excess baggage, preferential seats, meals, snacks, drinks, and carriage of musical instruments.   It is being done after the ...
Rediff.com, 2 hour(s) ago
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'Aionos will bridge silos within aviation, hospitality using AI'

Industries such as aviation and hospitality have many silos within them and Aionos, the joint venture between Interglobe Enterprises (IGE) and Assago Group, is an attempt to bridge them and boost efficiencies using artificial intelligence (AI) solutions, Rahul Bhatia told Business Standard on Tuesday. IMAGE: Kindly note the image has been posted only for representational purposes. Photograph: Kind courtesy Gerd Altmann/Pixabay.com Bhatia, the Group Managing Director of IGE, serves as the ...
Rediff.com, 3 hour(s) ago
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HUL Q4 profit dips 1.53% to Rs 2,561 cr

FMCG major Hindustan Unilever on Wednesday reported a 1.53 per cent decline in consolidated net profit to Rs 2,561 crore for the fourth quarter ended March 31, 2024 due to factors such as deflation and softening of commodity prices. Photograph: Danish Siddiqui/Reuters The company had posted a net profit of Rs 2,601 crore in the year-ago period, according to a regulatory filing from HUL. Net sales of Hindustan Unilever Ltd (HUL) were almost flat to Rs 15,013 crore in the March quarter.   ...
Rediff.com, 4 hour(s) ago
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Indian IT sector staring at 2nd straight year of muted revenue growth: Crisil

The Indian IT services sector is staring at a second  consecutive year of muted revenue growth due to modest increase in tech spends in Europe and the US, a domestic rating agency said on Wednesday. Illustration: Dominic Xavier/Rediff.com Crisil Ratings said it expects the sector to grow at 5-7 per cent in FY25, after a growth of 6 per cent estimated to have been achieved in FY24. The overall industry size is pegged at $250 billion and it creates over 50 lakh direct jobs.   The ...
Rediff.com, 5 hour(s) ago
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Sensex, Nifty climb on firm trend in global markets

Equity benchmark indices Sensex and Nifty ticked higher for the fourth straight session on Wednesday, helped by buying in metal and commodity stocks amid a positive trend in global equities. Photograph: Danish Siddiqui/Reuters However, intense selling pressure on telecom, IT and tech counters capped the upside, traders said. The 30-share BSE Sensex climbed 114.49 points or 0.16 per cent to settle at 73,852.94.   During the day, it jumped 383.16 points or 0.51 per cent to 74,121.61. The ...
Rediff.com, 6 hour(s) ago
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Kotak Bank barred from onboarding customers online, issuing fresh credit cards

Cracking down on repeated non-compliance of IT norms, the RBI on Wednesday barred Kotak Mahindra Bank from onboarding new customers through its online and mobile banking channels and issuing fresh credit cards with immediate effect after the regulator found serious deficiencies in the lender's IT risk management. Photograph: Adnan Abidi/Reuters These actions, the RBI said, are necessitated based on significant concerns arising out of Reserve Bank's IT examination of the bank for the years ...
Rediff.com, 6 hour(s) ago
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Zydus gets China nod for kidney disease drug

Ahmedabad-based Zydus Lifesciences said on Tuesday that a new drug application for its oral drug Desidustat used in treating anaemia in chronic kidney disease (CKD) patients had been accepted by the National Medical Products Administration of China (NMPA). Photograph: Courtesy, Zydus Life In 2020, CMS International Development and Management Ltd, a wholly-owned subsidiary of China Medical System Holdings Ltd obtained an exclusive license for the product from Zydus. CKD involves a gradual loss ...
Rediff.com, 9 hour(s) ago
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Reliance, JSW in fray for 10 Gwh ACC Battery PLI

The Ministry of Heavy Industries announced on Tuesday that it has received bids from seven players for the re-bidding tender of the 10 gigawatt-hour (Gwh) tranche of the Advanced Chemistry Cell (ACC) manufacturing production-linked incentive (PLI). Photograph: Courtesy, Ministry of Heavy Industries “The list of bidders (in alphabetical order) who have submitted bids in response to this tender are ACME Cleantech Solutions, Amara Raja Advanced Cell Technologies, Anvi Power Industries, JSW ...
Rediff.com, 10 hour(s) ago
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Changing complexion: Adani stocks now have prominent investor base

FPIs in question no longer have significant exposure to these stocks Amid intense scrutiny from short-sellers and regulators, Adani group stocks have seen a significant shift in their shareholder base: Photograph: Rupak De Chowdhuri/Reuters Relatively opaque foreign portfolio investors (FPIs) have given way to more recognisable investors and broad-based funds. The list of large public shareholders — those directly holding at least 1 per cent — is now dominated by entities, such as ...
Rediff.com, 12 hour(s) ago
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RBI holds back US dollar sales in February amid pressure on rupee

The Reserve Bank of India (RBI) abstained from selling any US dollars throughout February, for the first time in nine months. Photograph: Dado Ruvic/Reuters The decision comes amid increasing pressure on the rupee, as expectations of rate cuts by the US Federal Reserve keep pushing back. The last time the RBI did not sell dollar over a month was in May 2023.   The RBI had sold $8.5 billion in the spot market in January 2024. The central bank purchased $8.5 billion over the month in ...
Rediff.com, 12 hour(s) ago
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