TATA AIR INDIA BUYOUT
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.
Tata Steel shares rise 2%. Why brokerages remain bullish; see up to 30% upside potential
Tata Steel shares rise over 2% following strong Q2 FY27 earnings, with net profit increasing 16% year-on-year. Brokerages largely retain Buy ratings, although target prices vary. Nomura cuts its target, while Jefferies remains optimistic and Axis Securities upgrades its rating, citing improving margins and earnings prospects.
Tata AIG rejected ₹30 lakh accidental death claim citing alcohol consumption by the insured pensioner; here’s why family won the case
A family's claim for accidental death insurance was rejected by Tata AIG due to alleged alcohol influence at the time of an accident. However, the Tamil Nadu State Consumer Disputes Redressal Commission found significant evidentiary flaws in the insurer's case. The ruling mandated Tata AIG to compensate the family, highlighting the nuances of proving such exclusions in insurance claims.
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".
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.
Can closing windows keep wildfire smoke out? How much smoke still gets in and do air purifiers work?
Closing windows can reduce how much smoke from wildfires gets indoors, but some can still seep in. A 2026 NIST experiment found that a portable air cleaner’s performance depended partly on how air moved between rooms.
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Fires, protests, pollution: How Apple's supply chain woes in India have caused troubles over the years
Three contract workers lost their lives due to asphyxiation at a Tata Electronics factory in Hosur. This incident has prompted investigations by the companies involved and the Tamil Nadu state government. Recent years have witnessed various operational issues at Apple supplier facilities, leading to heightened scrutiny. Apple's supply chain in India continues to face challenges amid efforts to diversify from China.
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.
Air quality deteriorates in north India post-Diwali; Delhi records highest AQI since 2021
A significant increase in air pollution was observed across north India following the recent Diwali celebrations. The Air Quality Index (AQI) levels in Delhi, Haryana, Punjab, and western Uttar Pradesh surpassed 350, indicating poor air quality. Many cities reported severe pollution, with readings at 439 recorded at Delhi Technological University. Residents experienced health issues such as breathing difficulties and eye irritation after the celebrations.
Microsoft reports $36 billion quaterly profit, employees complain salary raises below 1%, describe workplace as 'joyless and demoralizing' after 60,000 people receive buyout offers
Microsoft reported a 32% jump in quarterly profit to $36.6 billion but its employees complain of salary increases below 1%, rising workloads and pressure to use AI tools. An open letter describes the workplace as “joyless and demoralizing” following voluntary buyout offers to around 60,000 employees across four countries.
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.
Microsoft employees raise concerns over AI strategy amid 60,000-person buyout offer
The letter, cited in a report byThe New York Times, accuses Microsoft of pursuing AI with a “speed-at-all-costs” approach and urges the company to stop linking employees' use of AI tools to performance rewards or reprimands.
Voltas reshuffles top leadership; Sunil D'Souza named Chairman
Noel Tata, who will retire as chairman at the close of business on November 11, will be succeeded by Sunil D'Souza, currently managing director of Tata Consumer Products and a non-executive director on Voltas' board. Tata will assume the role of chairman emeritus from November 12. He has been associated with Voltas since 2003, the company said in a stock exchange filing.
Air India starts using Iraq airspace for New York, Newark direct flights; likely to see 10% fuel savings
Air India has resumed non-stop flights to New York and Newark using Iraqi airspace, cutting journey times by around four hours to 16 hours and saving nearly 10% in fuel costs. The revised routes also offer greater flexibility in crew deployment and help ease the impact of prolonged airspace restrictions.
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.
Why Big Tech companies Microsoft, Google, Meta and others are opting for voluntary buyouts
In response to fluctuating market demands, Meta has rolled out voluntary exit packages in France aimed at workforce restructuring. This initiative is part of a broader trend as tech giants like Google and Microsoft implement similar measures globally to optimize costs. These packages offer employees the choice to depart with financial incentives and transition support, showcasing a more favorable approach compared to traditional layoffs amidst economic uncertainty.
Tata Motors PV says CERT-In-flagged app vulnerabilities addressed through updates
The vulnerabilities identified in the iRA 2.0 and iRA.ev applications have been addressed through software updates and enhanced security measures, a Tata Motors Passenger Vehicles spokesperson told.
Google voluntary buyouts: What's the exit package, which teams qualify and how many employees are eligible after Microsoft's similar offer?
Google Voluntary Exit Programme Details: Google has expanded its voluntary buyout programme to selected employees in five countries. The offer comes as Microsoft rolls out a similar voluntary exit scheme covering around 60,000 employees. Here's a look at Google's severance package, eligible teams and the number of employees who could opt for the offer.
Google extends voluntary buyout offers to employees in several countries
The move comes amid mounting AI spending that has unnerved Wall Street and dented Alphabet's stock price. Microsoft last week offered voluntary buyouts to 60,000 employees in an effort to contain costs. Alphabet's workforce has grown steadily in recent quarters, but it has sought to shift resources toward priority areas.
Microsoft buyout offer: Should you take the payout or risk future layoffs? A legal expert explains what to do before signing
Microsoft buyout offer: Microsoft has offered voluntary buyouts to around 60,000 employees, leaving workers to weigh the payout against the uncertainty of staying or finding another job. Employment attorney Craig Levey shares what employees should review before signing, from legal terms and future layoff concerns to negotiation and tax implications.
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.
STT Global’s India biz on the block; micro occasions power qcomm
KKR, Singtel, and the Tatas are preparing to sell STT GDC India, a major data centre platform. This and more in today’s ETtech Top 5.
KKR, Singtel and Tata Communications put data centre company STT GDC India up for sale at over $5.5 billion
In a significant move, KKR, Singtel, and Tata Communications are gearing up to offload STT Global Data Centres India, anticipating a valuation that could surpass $5.5 billion. This initiative underscores their intent to bolster capital and refine strategic objectives. With 34 data centres in operation, STT GDC India stands as a leading co-location service provider, well-poised to capitalize on the escalating appetite for data infrastructure amidst evolving tech trends.
Noel, Chandra secret truce talks reach no conclusion
Tata Sons chairman N Chandrasekaran and Tata Trusts chairman Noel Tata held talks aimed at easing tensions over key governance issues, including a possible Tata Sons listing, the Shapoorji Pallonji Group’s stake and Chandrasekaran’s reappointment, but the meeting ended without a resolution. The dispute deepened the next day when Noel Tata challenged decisions taken at the September 17 Tata Sons board meeting and sought records related to the approval of Chandrasekaran’s new term.
Microsoft buyout offer? What employees should know before saying yes
Working at Microsoft? Your inbox may hold an exit offer. Microsoft has offered voluntary buyouts to about 60,000 staff across four countries, nearly 27% of its workforce. Each offer differs by role, level and years of service. A former Microsoft HR head says it may not be your best offer, so read every term carefully before you decide.
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