‘Cartel-like behaviour’: FIP issues letter flagging IndiGo’s ‘hiring freeze’; urges DGCA to act amid widespread flight cancellations

‘Cartel-like behaviour’: FIP issues letter flagging IndiGo’s ‘hiring freeze’; urges DGCA to act amid widespread flight cancellations

The Federation of Indian Pilots (FIP) issued a letter on Wednesday to the Directorate General of Civil Aviation (DGCA) alleging that IndiGo imposed a “hiring freeze” despite having a two-year window to prepare for the full rollout of new flight duty and rest period norms for cockpit crew.“Despite the two-year preparatory window before full FDTL…

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Rupee under pressure, but “not a panic situation yet, says Abhishek Goenka

Rupee under pressure, but “not a panic situation yet, says Abhishek Goenka

In a week dominated by currency-market jitters, the Indian rupee’s slide towards the 90 mark has sparked intense speculation across trading desks. While the Reserve Bank of India stepped in briefly earlier this week—preventing the currency from breaching that psychological barrier—market participants are now debating what comes next. Speaking to ET Now, currency expert Abhishek…

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Fallout of rupee breaching 90 mark: Get ready to pay higher for consumer goods; here’s what may become costlier

Fallout of rupee breaching 90 mark: Get ready to pay higher for consumer goods; here’s what may become costlier

Manufacturers of smartphones, laptops, televisions and major appliances have indicated plans to hike prices. (AI image) Consumers may soon have to brace for higher prices! The depreciation of the rupee beyond Rs 90 against the US dollar could force various sectors including consumer electronics, beauty products, and automobile manufacturers to increase their prices. This increase…

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‘Strategic mistake’? Hundreds of IndiGo flights canceled as new pilot duty norms kick in – top things to know about new DGCA roster rules

‘Strategic mistake’? Hundreds of IndiGo flights canceled as new pilot duty norms kick in – top things to know about new DGCA roster rules

IndiGo, India’s largest airline, has delayed or cancelled hundreds of flights over the past two days as it struggles with new pilot rest and duty-hour norms, even a month after the aviation regulator implemented them. The airline, which operates around 2,300 domestic and international flights each day, said on Wednesday that a “multitude of unforeseen…

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Reliance Retail taps former Flipkart exec as CEO

Reliance Retail taps former Flipkart exec as CEO

MUMBAI: Reliance Retail Ventures has appointed former Flipkart executive Jeyandran Venugopal as president & CEO as the company prepares for an IPO.Jeyandran’s mandate is to strengthen the retail portfolio, accelerate omni-channel growth and drive technical and operational excellence. He will work closely with Isha Ambani, executive director at Reliance Retail Ventures and the leadership team…

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