AIR INDIA FUNDING REQUEST
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.
Greenjoules raises ₹150 crore in Series B funding, secures ₹100 crore TDB loan
Greenjoules has raised ₹150 crore in Series B funding from investors including Amazon’s Smbhav Venture Fund and Climate Pledge Fund, Rainmatter and Singularity, and secured another ₹100 crore loan from the government-backed Technology Development Board. The ₹250 crore financing will support a new Pune plant capable of producing 200,000 litres of biocrude a day from agricultural waste, with the company also planning to expand into sustainable aviation fuel and green hydrogen.
Higher EPS pension: Pensioners request Labour Ministry to withdraw EPFO circular rejecting exempted employees' higher pension claims
The National Confederation of Pensioners' Associations has requested the Labour Ministry's urgent intervention in pending pension cases. They seek to withdraw a circular from January 2025 that affects higher EPS pension eligibility. The NCPA emphasizes eliminating discrimination between exempted and unexempted establishments regarding pension rights. They have proposed several recommendations to streamline the processing of pension applications and address delays.
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".
Nicki Minaj’s legal bills pile up as former lawyers seek $295K over unpaid fees in ‘I Lied’ copyright case
Nicki Minaj's former legal representatives are back in court, demanding a default judgment for a hefty unpaid bill exceeding $295,000 linked to an unresolved copyright lawsuit. The bill has been outstanding since March, and despite receiving legal notification, Minaj hasn't replied. This comes on the heels of a past legal issue that she recently settled, and notably, her previous support for Donald Trump at a campaign event raised eyebrows.
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.
As Delhi gasps for clean air, parliamentary panel skips hearing on air pollution
A Parliamentary committee in Delhi removed the air pollution issue from its upcoming meeting agenda on November 17. Congress member Ajay Maken objected to this change and wrote to the committee chairperson for reconsideration. Maken emphasized that air pollution poses severe health risks and must be treated as a public health emergency. The initial agenda had included discussions involving the Ministry of Home Affairs regarding air pollution enforcement measures.
Have incorrect details in your EPF account? 5 easy steps to update name, date of birth, date of joining & more online
EPF members now have the ability to rectify discrepancies in their account records using the newly introduced online joint declaration facility. This tool enables users to update personal information, such as names and dates of birth. Once a correction request is made, it requires verification and approval from the employer before the EPFO office finalizes the process.
Why are we becoming 'vishwaguru' in air pollution: Kharge targets Modi govt
Congress president Mallikarjun Kharge has accused the BJP government of failing to tackle Delhi's worsening air pollution, questioning Prime Minister Narendra Modi over unspent environmental funds and missing PM2.5 readings at monitoring stations. He demanded accountability, citing pollution-linked deaths, poor utilisation of clean-air funds and recurring government assurances.
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.
Delhi AQI today: National captial's air quality improves but remains in 'very poor' category; check IMD weather forecast and other details
Delhi pollution latest news: Delhi experienced marginal improvement in air quality as AQI levels decreased after Diwali celebrations. The Air Quality Index recorded a reading of 304 at one point, down from earlier figures. Despite this, pollution remained in the 'very poor' category according to the Central Pollution Control Board. The government's emergency action plan continues to be enforced to tackle rising pollution levels.
RBI said to query bank valuations of some bond derivative trades
India's central bank has informed some lenders about the need to adjust bond forward accounting practices. This change could impact billions of dollars in assets across the banking sector. The Reserve Bank of India suggested using Level 3 inputs for valuing bond-forward trades during recent audits. Banks have been in discussions with industry associations and clearinghouses for potential solutions and better pricing information.
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.
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.
India's Karnataka finds fuel samples exceeding 20% ethanol limit, state minister says
Surveys indicate that 80% of petrol stations in Karnataka are breaching the 20% ethanol limit in petrol sales. To address this, officials gathered 63 samples for testing after oil companies neglected to reveal ethanol percentages. The introduction of E20 petrol aligns with India's objectives to cut crude imports while boosting ethanol production.
Hegseth vows to fight impeachment as Democrats target US defense chief after midterm losses
US Defense Secretary Pete Hegseth has vowed to resist impeachment efforts following recent congressional elections. After Republican losses, his handling of the Iran war faces scrutiny from lawmakers. President Donald Trump continues to express support for Hegseth despite rising opposition within Congress. Hegseth has defended military policies, claiming they are essential for national security and military funding. The newly formed Democratic majority intends to investigate Hegseth's tenure extensively.
Bank account frozen suddenly? Check why it happened, how to unfreeze it and recover your money
For individuals affected by the freezing of their bank accounts due to untraceable money sources, remedy is available via the Grievance Redressal Mechanism (GRM) and the Money Restoration Module (MRM). Users can contest any debit freezes by filing official complaints through GRM. Meanwhile, MRM aids in reclaiming disputed funds after thorough verification.
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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