Airlines cut global traffic forecast on recovery setbacks
Air traffic will recover more slowly than previously expected from the Covid-19 pandemic, as vaccination delays and government "risk aversion" slows the reopening of routes, global airlines body IATA said on Wednesday.
Oil prices drop as Covid surge in India dents demand outlook
Oil prices fell for a second day on Wednesday, heading for their biggest daily drop in more than two weeks and weighed down by concerns that surging Covid-19 cases in India will drive down fuel demand in the world's third-biggest oil importer.
Govt may come out with definition of essential supplies
The government may come out with a clear definition of essential and non-essential supplies made by e-commerce companies after finance minister Nirmala Sitharaman told industry captains that inconsistencies in classification of items across states will be looked into, sources said.
Hero Moto’s EV coming this year; JV with Taiwan’s Gogoro for battery swapping network
Hero Moto will be setting up a large network of electric battery-swapping stations across the country in a joint venture with Taiwanese unicorn Gogoro as the country’s largest two-wheeler company prepares to launch its first green vehicle by the end of the year.
Care Ratings revises India's GDP growth forecast to 10.2% for FY22
With economic activities getting affected across the country due to curbs imposed by states amid surge in Covid-19 cases, Care Ratings has revised down its forecast for GDP growth to 10.2 per cent in 2021-22 from earlier projection of 10.7-10.9 per cent.
Pvt life insurers' new premium income grows 8% in FY21
Contrary to expectations, private sector life insurers logged in a stellar 40 per cent new premium growth in the fourth quarter of FY21, driven by a still higher 90 per cent growth in March, according to an industry analysis.