Category: Economy

  • 1 vs 3 vs 5 Year FD Rates: Check How Much Return You Will Get From Major Banks

    Continue reading to find out the latest FD rates of major public sector banks on different tenures.

  • Air India Fined With Rs 80 Lakh Fine For Breaching Flight Duty Time Limits | Companies News

    New Delhi: The Directorate General of Civil Aviation (DGCA) issued a penalty of Rs 80 lakh against Air India for breaching regulations concerning flight duty time limitations (FDTL) and the fatigue management system (FMS) for flight crew on Friday.

    The infractions came to light following a spot audit conducted by the Directorate General of Civil Aviation (DGCA) in January. Subsequently, Air India received a show-cause notice on March 1. As the operator’s response was deemed unsatisfactory, the DGCA announced the imposition of an ₹ 80 lakh fine, as stated in its announcement. (Also Read: Stock Markets Rise For 3rd Session; Sensex Gains 190 Points)

    “Analysis of reports and evidence revealed Air India Limited operated flight(s) with both flight crew aged above 60 years… in (a) few instances, which is a violation of Sub Rule (2) of Rule 28 A of the Aircraft Rules, 1937,” According to the statement from the DGCA. (Also Read: Byju’s Says 262 Tuition Centres Operational, A Few To Undergo ‘Strategic Restructuring’)

    The aviation authority observed that Air India did not fulfill the criteria for providing enough weekly rest, ensuring appropriate rest before and after ultra-long range (ULR) flights and ensuring adequate rest during layovers for flight crew. These deficiencies go against the current Civil Aviation Requirements regarding flight duty time limitations (FDTL).

    The regulator reported instances of surpassing duty periods, inaccurately recorded training records, and overlapping duties during the audit. Consequently, the DGCA sent Air India Limited a show cause notice on March 1 to address the observed violations.

    Air India’s response to the regulator was deemed unsatisfactory, leading to the imposition of a fine. However, the watchdog emphasized its dedication to upholding the highest safety standards in India’s civil aviation sector. This enforcement action aligns with the watchdog’s commitment to ensuring safety in air travel.

  • Zomato CEO Deepinder Goyal Marries Former Mexican Model And Entrepreneur Grecia Munoz: Reports | Companies News

    New Delhi: Zomato Founder-CEO Deepinder Goyal has reportedly married former mexican model and entrepreneur Grecia Munoz.

    As per reports in Moneycontrol.com and HT.com, the online food delivery platform founder married the Mexican model a month ago. Goyal, who had separated from his wife, Kanchan Joshi, has not made the recent marriage official as yet.

    Meanwhile, Munoz’s Instagram Bio reads, “Born in Mexico ..now at home in India,”. Among the other description of her Instagram bio, Munoz is the winner of the Metropolitan Fashion Week 2022.


     

    A couple of weeks ago, Munoz shared a series of pictures from her Delhi visit. Munoz captioned it as, “Glimpses of my new life at my new home,” on Instagram while she shared her pictures visiting famous famous monuments in the national capital.


    Last week, Zomato found itself in the middle of a peculiar debate over its choice of uniform for the riders. Zomato said it will paint its dedicated fleet of ‘green’ vehicles to red even for the veggy customers’, making them unidentifiable on the ground – though they would serve only vegetarian orders. All the riders – the regular fleet and the vegetarian fleet – shall also sport the red colour, doing away with the on-ground segregation, said Goyal.

    Justifying the decision, Goyal said that this would ensure that Zomato’s red uniform delivery partners are not wrongly associated with non-veg food and get blocked by resident welfare associations or housing societies that could pose risk to the riders’ physical safety.

  • SEBI Set To Launch Beta Version Of T+0 Trade Settlement On March 28

     T+0 prices won’t be taken into account in index calculation and determining settlement prices.

  • BMW 620d M Sport Signature Launched In Four Shades; Check Features, Performance And Other Details | Auto News

    BMW India has introduced a new variant in its 6 Series GT lineup, known as the 620d M Sport Signature. Priced at Rs. 78.90 lakh (ex-showroom), this model offers enhanced features and a distinctive design to cater to luxury car enthusiasts. Let’s delve into the key highlights of this latest addition from BMW.

    BMW 620d M Sport Signature Features

    The BMW 620d M Sport Signature boasts a sophisticated exterior with 19-inch alloy wheels, available in four elegant shades – Tanzanite Blue, Mineral White, Skyscraper Grey, and Carbon Black. Inside, it features Dakota Cognac leather upholstery with exclusive stitching and contrast piping, creating a premium and comfortable cabin environment.

    One of the standout features of the M Sport Signature trim is the BMW Display Key, which allows remote control parking and keyless entry. The vehicle also comes with soft-close doors, front ‘Comfort Seats’ with full-electric adjustment, memory function, and lumbar support. Rear passengers enjoy special backrest cushions and dual 10.25-inch screens for entertainment.

    Technology and Safety

    The BMW 620d M Sport Signature is equipped with advanced technology, including a Harman Kardon 16-speaker sound system, Rear Seat Entertainment Professional, four-zone climate control, and a powered tailgate. Safety features comprise six airbags, ABS with EBD, Dynamic Stability Control, Electronic Differential Lock Control, and ISOFIX child seat anchors.

    Performance

    Under the hood, the 620d M Sport Signature is powered by a 2.0-litre diesel engine delivering 188bhp and 400Nm of torque, paired with an eight-speed automatic gearbox. This combination ensures a smooth and powerful driving experience, with acceleration from 0-100kph in 7.9 seconds.

    Price and Competition

    With a starting price of Rs. 78.90 lakh, the BMW 620d M Sport Signature competes in the luxury sedan segment against rivals like the Mercedes-Benz E-Class and the Audi A6. Its premium features, elegant design, and impressive performance make it a compelling choice for discerning buyers seeking a blend of comfort and style in their vehicle.

  • Maruti Dzire 2024 To Get Sunroof? Spyshots Reveal Surprising Details | Auto News

    The upcoming Maruti Suzuki Dzire has recently been spotted during winter testing in Himachal Pradesh. This vehicle is anticipated to get a segment-first feature – a sunroof. Sharing its platform with the Swift, the new Dzire claims to be the most feature-rich compact sedan in its class. Read here to know what this vehicle is expected to offer:

    Maruti Suzuki Dzire 2024 Expected Features

    The interior of Maruti Suzuki Dzire 2024 is expected to mirror the new Swift, including a floating 9.0-inch touchscreen, steering-mounted controls, a digital MID, auto climate control, and keyless entry. While advanced driver assistance systems (ADAS) may not be included, a 360-degree camera could be part of the package. The cabin design is expected to resemble the Baleno or Fronx, with light-colored materials, brushed aluminum, and faux wood accents.

    Exterior and Powertrain

    Visually, the Dzire might closely resemble its hatchback counterpart, albeit with a distinct rear design and a straighter roofline. Under the hood, it is expected to share the 1.2-litre Z Series petrol engine with the Swift, offering 82hp and 108Nm of torque, with options for a mild-hybrid variant. Transmission choices are likely to include a 5-speed manual and a 5-speed AMT, with a CNG variant expected soon after launch.

    Pricing

    Anticipated to be priced between Rs 7 lakh to 10 lakh, the new Dzire will compete with models like the Hyundai Aura, Honda Amaze, and Tata Tigor in the compact sedan segment. The addition of a sunroof and other advanced features aims to make the Dzire stand out in its category.

     

  • Startup Mahakumbh: Check Delhi Traffic Police Advisory Before Heading Out Of Home | Auto News

    The Ministry of Commerce & Industries is hosting the highly anticipated Startup Mahakumbh event in Delhi from Mar 18 to March 20. This event has been attracting a huge crowd. In preparation for this event, the Delhi Traffic Police has released an advisory to ensure smooth traffic management in the vicinity of Pragati Maidan, where the event is currently taking place. Read here to know all about the traffic advisory:

     

    Traffic Advisory

    In view of Startup Mahakumbh by Ministry of Commerce & Industries on 20.03.2024 at Bharat Mandapam, Pragati Maidan, special traffic arrangements will be effective.

    Kindly follow the advisory. #DPTrafficAdvisory pic.twitter.com/FPU2w33VKa
    — Delhi Traffic Police (@dtptraffic) March 19, 2024

     Traffic Restrictions and Diversions

    To facilitate smooth traffic flow in Delhi, the following measures will be implemented:

    No Halting or Parking: Vehicles are prohibited from halting or parking on Mathura Road, Bhairon Marg, and Subramania Bharti Marg.

    General Public Entry: General entry for the public will not be permitted at the event venue.

    Towing and Prosecution: Vehicles found parked in restricted areas will be towed away and the owners will be prosecuted for improper parking and disobedience of traffic regulations.

    Diversions And Routes To Avoid

    Before heading out of your home Check these diversions and routes to avoid huge traffic congestion: 

     


    Commuters are urged to cooperate by utilizing public transport whenever possible. Those heading towards ISBT, railway stations, or airports are advised to plan their travel in advance to account for potential delays. It is crucial for the general public and motorists to maintain patience, adhere to traffic regulations, and follow the instructions of traffic personnel deployed at various intersections.

    By following these guidelines, commuters can contribute to a safer and more efficient traffic management system during the Startup Mahakumbh event in Delhi.

  • Zomato Launches “Pure Veg Fleet” For Pure Vegetarian Customers | Companies News

    New Delhi:  Zomato Founder and CEO Deepinder Goyal on Tuesday announced the launch of a “Pure Veg Mode” service to cater to customers who have pure vegetarian dietary preferences.

    He cited feedback from vegetarian customers as the reason for the launch of the new service and informed that the online food delivery platform is also introducing a “Pure Veg Fleet” in India for customers who follow a 100 percent vegetarian diet. (Also Read: SBI’s Processing Fee-Free Personal Loan Scheme Ending Soon; Details Here)

    In a series of posts on X, formerly Twitter, Goyal said India has the highest percentage of vegetarians globally, and these new features were launched based on their feedback. (Also Read: Stock Market Holidays 2024: NSE, BSE To Remain Closed 2 Days Next Week)

    “India has the largest percentage of vegetarians in the world, and one of the most important feedback we’ve gotten from them is that they are very particular about how their food is cooked, and how their food is handled.”

    India has the largest percentage of vegetarians in the world, and one of the most important feedback we’ve gotten from them is that they are very particular about how their food is cooked, and how their food is handled.
    — Deepinder Goyal (@deepigoyal) March 19, 2024

    To solve their dietary preferences, we are today launching a “Pure Veg Mode” along with a “Pure Veg Fleet” on Zomato, for customers who have a 100 percent vegetarian dietary preference,” the Zomato CEO said.

    On that note, just stepping out to deliver some pure veg orders with @rrakesh_15 with our newly launched Pure Veg Fleet. See ya! pic.twitter.com/Q4HdhyDMFN


    — Deepinder Goyal (@deepigoyal) March 19, 2024

    Goyal shared that “Pure Veg Mode” includes a selection of restaurants serving exclusively vegetarian food, excluding any establishments offering non-vegetarian items. He clarified that this mode doesn’t cater to or exclude any religious or political preferences.

    This feature will see a phased roll out across the country in the next few weeks. We remain committed to listening to our customers, and serving our community in the best possible way.
    — Deepinder Goyal (@deepigoyal) March 19, 2024

    However, the Zomato CEO was slammed by a section of users online for the move. “Please note that this Pure Veg Mode, or the Pure Veg Fleet doesn’t serve or alienate any religious, or political preference,” he said.

    He informed that Zomato’s Pure Veg Fleet will use green delivery boxes instead of the standard red ones. Goyal also clarified that these delivery persons will exclusively deliver orders from pure vegetarian restaurants and won’t handle any non-vegetarian meals.

    Additionally, they won’t enter non-vegetarian restaurants while carrying the green delivery box.”Our dedicated Pure Veg Fleet will only serve orders from these pure veg restaurants.

    This means that a non-veg meal, or even a veg meal served by a non-veg restaurant will never go inside the green delivery box meant for our Pure Veg Fleet,” Goyal said.

  • Skoda Epiq Electric SUV Unveiled Globally: Check Details | Auto News

    Skoda has recently unveiled its upcoming all-electric compact SUV, the Skoda Epiq, on a global scale. Positioned as the company’s entry-level electric car, the Skoda Epiq boasts a minimalistic interior and a modern design. The production version of this electric SUV is slated for a possible introduction in 2025, with a global launch anticipated in 2026.

    Moreover, there are expectations for the Skoda Epiq to enter the Indian market in the future. This electric SUV is projected to measure around 4.1 meters in length, with a wheelbase of approximately 2,600mm. Skoda claims that the vehicle will offer a generous boot space of 490 litres. Collaborating with Volkswagen, Skoda will manufacture the Epiq in Pamplona, Spain.
    Skoda Epic Electric SUV Features
    The Skoda Epic electric SUV is expected to offer battery options ranging from 38kWh to 56kWh, providing a range of up to 400 kilometers on a single charge. It features a single motor powering the front wheels.

    Exterior Design

    The Skoda Epic showcases a sleek grille, a sculpted bonnet with the Skoda logo, and distinctive T-shaped LED daytime running lights (DRLs). Its strong shoulder lines, square wheel arches, floating roof, uniquely styled C-pillar, prominent roof rails, and large sunroof enhance its overall appearance. The rear is accentuated by a long spoiler for a sporty look.

    Interior Highlights

    Inside, the Skoda Epic’s cabin boasts an interestingly designed, minimalistic approach. The small instrument panel provides essential information, while a large central touchscreen infotainment unit offers a host of features. The center console, highlighted in orange, includes a wireless charger for added convenience.

    Price

    Skoda has stated that the Epiq, with a length of 4.1 meters, will be priced at around 25,000 Euros (approximately Rs 22.57 lakh) upon its launch in Europe.

  • Sushant Goel Steps Down From Third Wave Coffee CEO Position; Rajat Luthra To Take Over

    Sushant will remain involved in fostering the growth and advancement of the fast-growing Indian coffee brand.