AIR INDIA FINANCIAL PERFORMANCE
Air India losses narrow, but Singapore Airlines’ profit falls 44% as fuel costs rise
In its latest financial report, Singapore Airlines announced a net profit of S$134 million for the first half, down from S$239 million in the same period last year. The airline faced a more than 20% rise in expenses, driven by higher jet fuel prices that reached US$171 per barrel, marking an 86.7% increase. Nevertheless, revenue saw a boost of 16.8% to S$11.
Pakistan blames India's Diwali fireworks for Lahore's toxic air
The northern Pakistani city of Lahore topped Swiss group IQAir's ranking of the world's most polluted major cities for a second day on Tuesday, with an air quality index (AQI) of 263, categorised as "very unhealthy".
In a first since Covid, Diwali flight numbers fall as high fares, disruptions take a toll
Airlines scheduled about 6% fewer flights across October and November than a year earlier, according to data from aviation analytics firm Cirium. That marks the first capacity decline since 2020, when carriers slashed service capacity by nearly 45% amid the pandemic-induced collapse in travel demand.
Local partner wanted for Xiaomi ‘home’ coming
The proposal is in the exploratory phase, but the Chinese technology company is set to begin evaluating potential Indian suppliers, according to one of the persons who did not wish to be identified. “It marks a natural progression for Xiaomi as it has committed to expanding beyond air purifiers into categories such as air conditioners, refrigerators and washing machines,” the person said.
Electronics Inc runs ops update to build AI infra
India’s electronics manufacturers are moving into AI data centre infrastructure, targeting optical transceivers, advanced packaging and specialised cooling systems. Dixon Technologies, Samsung, LG, Blue Star and PG Electroplast are exploring production opportunities as global demand rises. The shift could attract investment, improve margins and strengthen India’s position as an export hub.
Air India shortlists former Singapore Airlines executive Balagopal Kunduvara for CFO role
Air India has shortlisted former Singapore Airlines executive Balagopal Kunduvara for the CFO role as the airline steps up efforts to cut costs and improve financial performance. Kunduvara, who recently left his position as finance chief at Garuda Indonesia, has over two decades of experience at Singapore Airlines. The carrier reported losses of more than Rs 22,000 crore in the last financial year.
Dancing With The Stars week 9: Grammy Night songs, dance-offs, live performances; check when and where to watch
For the very first time, Dancing With The Stars will celebrate Grammy Night in a special episode dedicated to Grammy-winning and nominated artists. Contestants will showcase their skills dancing to iconic tracks while vying for additional points in thrilling dance-offs. Viewers can look forward to live performances by musical acts such as Brandy, Monica, and Maren Morris.
Air India considers departed Garuda CFO for top finance position
Most recently, Kunduvara was finance chief for Garuda Indonesia, a position he recently left after holding the job for little more than a year. Prior to that, he spent more than two decades at Singapore Airlines, which is a partial owner of Air India alongside conglomerate Tata Group.
How to protect yourself from rising air pollution and smog: 6 practical tips and guide to choosing the right air purifier
Rising air pollution and smog affect daily life in India, particularly during winter months. Taking precautions such as wearing masks can help mitigate exposure to polluted air. Keeping windows and doors closed is essential during times of severe pollution. Regular home cleaning and avoiding indoor burning can improve indoor air quality effectively. Choosing the right air purifier involves considering room size, filter costs, and energy consumption.
Tenneco India explores diversifying beyond auto sector, eyes M&A
Tenneco Clean Air India is exploring acquisitions to diversify beyond the automotive sector, with potential targets in railways, aerospace and defence. CEO Arvind Chandra said the debt-free company has the cash to fund sizeable deals and is seeking businesses with strong technology, margins and an India growth opportunity.
Congress slams Modi govt for being in 'denial' on impact of air pollution on mortality
Congress general secretary Jairam Ramesh condemned the Modi government for denying air pollution's significant mortality impact. He referred to a FICCI-EY report indicating around 2 million death cases linked to pollution in 2023. The report urges reforms like tightening PM2.5 and ozone standards to WHO levels for better public health. Ramesh emphasized the need for revamping the National Clean Air Programme to address these alarming issues.
Chennai Open women's singles final postponed due to severe smog and heavy rainfall
The WTA 50 Chennai Open women's singles final was postponed due to heavy smog and rainfall in Chennai. The air quality index reached an alarming level of 1,500, impacting the match schedule. Initially, the final was set for Sunday between Janice Tjen from Indonesia and Magda Linette from Poland. Despite concerns about pollution, the WTA had intended to proceed with the match.
Blue Angels fly with five jets after Scott Laux's removal: What happened to No. 6 pilot ahead of final Pensacola air show and why Navy hasn't revealed reason?
Marine Corps Maj. Scott Laux was removed from the Blue Angels' flight demonstration team for unspecified reasons. The Chief of Naval Air Training stated he failed to meet the expected standards. His removal occurred just before the team's annual homecoming air show at Naval Air Station Pensacola. Laux's position as the No. 6 opposing solo pilot will remain vacant for the remainder of the season.
Mumbai woman earns Rs 9.6 lakh by sleeping for 60 days; How Jiniya Chatterjee won a sleep internship
Jiniya Chatterjee, hailing from Mumbai, clinched a remarkable Rs 9.6 lakh prize in the fifth Sleep Internship hosted by Wakefit. With a staggering 2 lakh contenders vying for the title, only 10 participants made it to the finale. They meticulously logged their sleep patterns and tackled innovative weekly tasks. Final challenges included reimagining bedroom layouts and auctioning key sleep products, reinforcing the significance of restful sleep for overall well-being.
Voltas names Noel Tata chairman emeritus; Q2 profit rises 53.5%
Voltas has announced the appointment of Sunil Alaric D’Souza as the new chairman. Noel Tata will step down as chairman on November 11, 2023. The company also designated Jayant Balan as managing director starting from May 25, 2027. Voltas recently reported significant financial growth with a 53.5% increase in quarterly profits. The leadership changes coincide with improved demand for the company's air conditioning products.
Chalet Hotels reports total income from core operations of Rs 511 crore, PAT up 40% to Rs 216 crore
Chalet Hotels reported a 39.7% year-on-year rise in Q2 FY27 net profit to Rs 216.2 crore, despite a 31.7% decline in revenue to Rs 501.9 crore. Excluding income from a residential project recognised last year, revenue grew 11% to Rs 511 crore, while core EBITDA rose 13%, with margins improving.
Saregama India Q2 net profit jumps over 46% to Rs 64.2 cr, revenue grows 36.6%
Saregama India has reported an impressive 46.4 percent rise in its consolidated net profit for the September quarter. Alongside this, the company’s operational revenue saw a 36.63 percent increase, with the music segment generating Rs 251.3 crore and live events thriving remarkably. The total income for the first half of FY27 reached Rs 587.28 crore, showcasing solid financial results.
Air India CEO targets lower costs, higher passenger yields to steer airline towards profitability
Air India CEO Tewolde Gebremariam said the airline is working to reduce operating costs and improve passenger yields as it pursues a financial turnaround. The plan includes bringing unit costs in line with industry levels, restructuring its Delhi network, expanding international flights from Mumbai and exploring Bengaluru as a third hub.
Air India CEO eyes wide-body aircraft order expansion, says profitability remains a concern
Air India CEO Tewolde Gebremariam emphasized the airline's commitment to enhancing financial performance and expanding its aircraft orders. The airline seeks to capitalize on significant growth opportunities in the aviation sector amidst current industry challenges. Gebremariam expressed the need for India to make timely decisions for its potential as a global aviation hub. Air India also aims to rethink its hubs and network structure to adapt to changing conditions.
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