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Business & Economy

Spicejet in advanced talks with Middle East airline for stake sale

New Delhi, India News Stream: Budget airline SpiceJet is in advanced level of talks with a Middle Eastern Airline for a stake sale. According to sources said a big Middle Eastern airline has expressed interest…

Business & Economy

India losing growth momentum, miles to go before we recover

Recently, while updating its World Economic Outlook (WEO), the International Monetary Fund, downgraded India’s GDP projection for the current year by 80 basis points, from previous 8.2 to 7.4. It is bad news, but not…

Spicejet clears all outstanding principal dues of AAI

New Delhi: Low-cost carrier SpiceJet has entered into a full and final settlement with the Airports Authority of India (AAI) and cleared all outstanding principal dues of the airport operator. With this, SpiceJet will no…

Inflation is in double digits for the past 14 months: Manish Tewari

New Delhi, Aug 1: Congress MP Manish Tewari on Monday said that during the past 14 months, the inflation rate in the county has been in double-digits making it the highest in 30 years. Initiating…

Usain Bolt’s startup with Indian firm’s investment stops operations in US

San Francisco/ New Delhi:  Mobility startup Bolt Mobility, co-founded by eight-time Olympic gold medalist Usain Bolt, has abruptly disappeared from several of its markets in the US, leaving e-bikes and equipment abandoned amid unanswered calls,…

India sees 5G spectrum bids worth Rs 1,49,855 cr, Reliance Jio leads

 New Delhi: The 5G spectrum auction saw bids worth Rs 1,49,855 crore after 23 rounds on Friday, with the government saying the bids will continue on Saturday. The bids for 5G airwaves are being led…

56% of Indian job seekers faced scams during their job hunt: Report

New Delhi, July 28: About 56 per cent of job seekers in India face scams during their job hunt process, according to a report. The report by Hirect, a chat-based direct hiring platform, showed that…

US Fed tries to control inflation genie with a 75 bps rate hike

Washington: Expectedly, the US Federal Reserve jacked up its benchmark overnight interest rate by 75 basis points in an effort to tamp down the bristling inflation genie virtually bursting out of the bottle. The spike…

IMF slashes India’s 2022 growth forecast to 7.4%

Washington:The International Monetary Fund (IMF) on Tuesday slashed its annual growth projection for India by 0.8 percentage points to 7.4 per cent for 2022 and forecast “increasingly gloomy developments” for the global economy such as…

Business & Economy

IMF slashes global growth forecast for the next 18 months

London, July 26 (IANS) The International Monetary Fund has slashed its growth forecasts for the next 18 months after warning that the world’s three biggest economies are all stalling, The Guardian reported. In a downbeat…

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