If all 102 grounded planes could fly, there will theoretically be 400 more Delhi-Mumbai flights every day. Aviation is one of the sectors that lost no time in taking off after the pandemic. Naturally, airlines are in a rush to increase flights, expand networks, and augment capacity. However, they are hobbled by the aircraft in their fleet that remain ‘grounded’. […]

The transactions were allegedly not reported correctly in the tax returns for FY20. The Income-Tax Department has selected 68,000 cases of ‘high-value’ transactions that were allegedly not reported correctly in the tax returns for FY20 for e-verification, Central Board of Direct Taxes (CBDT) Chairman Nitin Gupta said. These are individual and corporate transactions and are being flagged due to mismatches […]

It was a triumphant Sunday night for the eccentric sci-fi comedy drama Everything Everywhere All at Once as it swept seven awards at the Oscars, including best film and best actress. Michelle Yeoh’s performance in the film won her the award for best actress in a leading role, making her the first woman of Asian descent to win an Oscar […]

More than a dozen entities, both domestic and foreign, had come under the regulatory glare over alleged short-selling before and after the publication of the Hindenburg research report against Adani Group, two people familiar with the development said. The Securities and Exchange Board of India (Sebi), which is examining the rise in stock values of Adani Group in the past […]

WASHINGTON — Silicon Valley Bank’s risky practices were on the Federal Reserve’s radar for more than a year — an awareness that proved insufficient to stop the bank’s demise. The Fed repeatedly warned the bank that it had problems, according to a person familiar with the matter. In 2021, a Fed review of the growing bank found serious weaknesses in […]

As The Walt Disney Company’s prospects started to fall apart last year, the company brought back former CEO Rober Iger. One of his jobs was to get people to pay more for Disney’s streaming services which were losing billions of dollars. It needed to raise rates to remedy this. Investors feared higher money prices would drive away subscribers. They did […]

No limits Last year, Marc Lasry, the owner of the Milwaukee Bucks basketball team, revealed that its star player, Giannis Antetokounmpo, at one time had been putting his money in 50 banks, with no single account holding more than $250,000. Why? Because Antetokounmpo wanted every cent to be insured by the Federal Deposit Insurance Corporation. And $250,000 is the cap […]

A report released by the Federal Reserve on Friday showed U.S. industrial production was unexpectedly unchanged in the month of February. The Fed said industrial production was unchanged in February following a revised 0.3 percent increase in January. Economists had expected industrial production to rise by 0.2 percent compared to the unchanged reading originally reported for the previous month. Industrial […]

Inflation has started to ease, very slightly. However, the most recent consumer price index, for February, still posted an increase well above the 2% pace the Federal Reserve has set as its goal. For February, the CPI rose 6% year over year, and 0.4% compared to the previous month. One way the Bureau of Labor Statistics measures inflation is to […]