Airfares likely to dip in coming months: Centre for Asia Pacific Aviation

Airlines are unlikely to continue with the current high fare levels and fares are expected to moderate significantly in the coming months, according to aviation consultancy firm, Centre for Asia Pacific Aviation (CAPA). In its outlook for FY 2023, CAPA said that the impact of higher fares on demand has become visible in the past three months with traffic recovery slowing down.

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June fuel sales top 2019 levels by a wide margin

Fuel consumption sped past the pre-pandemic levels in June by a wide margin, driven by a surge in domestic tourism, sharp uptick in economic activities and a higher-than-usual seasonal demand from the farm sector owing to a long spell of searing heatwave.

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5th Test: Pant slams game-changing ton on Day 1

Rishabh Pant played a knock for the ages to turn the tables on England and take India to an imposing 338 for seven on a rain-hit day one of the rescheduled fifth Test. At 98 for five, India were staring down the barrel but Pant (146 off 111 balls) scripted a remarkable turnaround in the company of Ravindra Jadeja (83 batting off 163) as the duo shared a match changing 222-run stand off 239 balls.

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Harsh to fire govt staffer over unauthorised offs: Supreme COurt

In a significant judgment, the Supreme Court on Thursday held that terminating a government employee for going on unauthorised leave is too harsh and disproportionate punishment and suggested that some "lesser but major penalty" should be imposed instead of removing him from service.

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Experts: GST on hospital beds will burden middle class

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11 Afghan Sikhs arrive, bring ashes of terror victim

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India facing ‘collapse of nation crisis’: Amartya Sen

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Reliance brings UK's Pret a Manger to India to take on Starbucks

Reliance Brands (RBL) is set to take on Tata Starbucks by bringing to India British sandwich and coffee chain Pret a Manger. RBL, a subsidiary of Reliance Retail, plans to launch and build the Pret a Manger restaurant chain in India with a long-term master franchise agreement. The contours of the deal were not disclosed.

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Neeraj Chopra finishes second in Diamond League

Olympic champion Neeraj Chopra clinched his first top-3 finish at the prestigious Diamond League Meeting with a national record-shattering effort but missed the 90m mark by a whisker in a star-studded field on Thursday. The 24-year-old Chopra opened with a stunning throw of 89.94m, just 6cm shy of the 90m mark, the gold standard in the world of javelin throw and that effort eventually turned out to be his best.

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'Trump tried to grab wheel to join Capitol protests'

Donald Trump tried to grab the steering wheel of his presidential limousine on January 6, 2021, when his security detail declined to take him to the US Capitol where his supporters were rioting, a former aide testified on Tuesday. "'I'm the effing president. Take me up to the Capitol now,'" Cassidy Hutchinson quoted an enraged Trump as saying.

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Philippines' Nobel winner's news site ordered shut

The Philippine government has ordered that Rappler, the news website co-founded by Maria Ressa, a Nobel Peace Prize laureate, be shut down for violating foreign ownership rules, the latest blow against press freedom in the country.

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In Japan, data on 460k people lost, then found

​​The man, who has not been identified, was a subcontractor of Biprogy, a tech firm hired by the city to distribute subsidies to families affected by the pandemic. Part of that task involved moving the residents' private details from the city's computers to those of a call centre that would help them with the details of the payout.

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Twitter may fall in line, comply with Indian laws

Twitter has indicated to the government that it is willing to comply with Indian IT laws after being served with an ultimatum to comply by July 4 or be ready to face "consequences", including losing the immunity shield over user content, reports Pankaj Doval. Its chief compliance officer in India had been issued notices of non-compliance on various occasions. "...however, Twitter continues to be in violation of such notices," the IT Ministry had said.

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Maharashtra crisis: Uddhav resigns after SC greenlights floor test, Fadnavis set to be CM again

Uddhav Thackeray resigned as chief minister of the three-party Shiv Sena-NCP-Congress (MVA) coalition minutes after the Supreme Court ruled that the floor test in the Maharashtra assembly would go ahead on Thursday.

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Maharashtra Live: Don’t heckle rebels, Uddhav tells Sainiks

Maharashtra chief minister Uddhav Thackeray resigned ahead of floor test late on Wednesday. The Supreme Court rejected Uddhav government's plea and refused to stay the floor test in the Maharashtra assembly. Stay with TOI for the latest developments:

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US economy contracts in first quarter; outlook fuzzy

The US economy contracted slightly more than previously estimated in the first quarter amid a record trade deficit and supply chain disruptions, government data showed on Wednesday.

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India stops short of endorsing West's infra push

The US has already announced investment worth $30 million for a fund promoting food security in India under the PGII which, according to the White House, will deliver "game-changing'' projects to close the infrastructure gap in the developing world.

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Rupee hits a new low, may breach 79/$ mark

The rupee fell to a new low of 78.84 against the dollar in intraday trade on Tuesday largely on account of pressures from foreign investors in the equity market and rising crude oil prices. With the currency trading at 79 in the offshore non-deliverable market, there are fears that the rupee will come under further pressure.

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Maharashtra political crisis: Sena prepares to move SC if governor asks Uddhav to take floor test

At the time of formation of the MVA government, these independent legislators had extended support to Thackeray. If they approach the governor, Koshyari will have no option but to ask Thackeray to prove his majority.

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2nd T20I: India beat Ireland by 4 runs to pocket series 2-0

Deepak Hooda hit a master-class maiden century as India survived a mighty scare before defeating Ireland by four runs in a nail-biting high-scoring second T20 International to sweep the two-match series on Tuesday.

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Govt may deregulate domestic oil to boost revenue

The government is likely to deregulate domestic crude on Wednesday in a bid to remove a market anomaly, boost government’s tax revenue and help producers such as ONGC and Oil India Ltd get better realisation for crude produced by them, sources said.

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Cognizant terminates Americas President Gregory Hyttenrauch

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'Pre-packed labelled food items to attract GST'

Pre-packed and labelled food items like meat, fish, curd, paneer and honey will now attract GST, a tax that will also be levied on the fee that banks charge for the issue of cheques.

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Buyer to deduct TDS on peer-to-peer VDA transactions: CBDT

The income tax department on Tuesday said both buyer and seller will have to withhold taxes for transactions involving an exchange of one virtual asset for another.

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Live: Journalist Zubair sent to one-day police remand

Stay here for real-time updates on breaking news from India and across the world that you can't miss:

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Days from running out of fuel, SL halts sales

Sri Lanka will shut schools and only allow fuel supplies to services deemed essential like health, trains and buses for two weeks starting Tuesday in a desperate attempt to deal with a severe shortage.

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ED summons Sanjay Raut today, he dares agency to arrest him

Summoned by the ED on Tuesday for questioning in two separate money laundering cases, Shiv Sena MP Sanjay Raut called it "a conspiracy" to curb his political activities and dared the central agency to arrest him.

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Journalist Zubair arrested for 'hurting religious feelings'

Alt news co-founder Prateek Sinha said that "no notice was given before Mohammad Zubair's arrest and no copy of FIR has been given to us despite repeated requests".

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Live: G7 condemns attack on Ukraine shopping mall

Scores of civilians were feared killed or wounded in a Russian missile strike on a crowded shopping mall in the central city of Kremenchuk, Ukraine officials say. At least 10 people are confirmed dead and more than 40 wounded. Stay with TOI for latest updates:

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Live: Can’t disqualify rebel MLAs till July 12, says SC

The Supreme Court on Monday protected rebel Shiv Sena MLAs from disqualification proceedings till July 12, directed the ruling coalition to ensure their safety in Maharashtra and refused the Sena-NCP Congress coalition’s request to stop the Eknath Shinde-led rebels from demanding a floor test in the assembly. Stay with TOI for the latest developments:

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Maha crisis: Uddhav Thackeray strips all 9 rebel ministers of portfolios but doesn't sack them

Monday's Supreme Court verdict protecting the rebel Sena MLAs from disqualification proceedings till July 12 led to speculation about whether a floor test is imminent.

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Keep central forces ready, says Maharashtra governor

At least 15 Sena MLAs from the Eknath Shinde camp, including four from the city, have been provided Y+ security cover by the CRPF amid reports of violence and protests.

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People lost even right to life during Emergency: PM Modi

​Emergency was announced in the country on June 25, 1975, and lifted on March 21, 1977. Speaking about the Emergency, PM Narendra Modi on Sunday said it had been a “dark spot on the vibrant democracy of the country”.

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I am not a criminal, says Teesta, alleges was manhandled

Teesta Setalvad was arrested on Sunday morning after she was brought to Ahmedabad following her detention in Mumbai.

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Provocative speeches may aggravate crisis

Sainiks came out on the streets in Thane, Navi Mumbai, Pune, Palghar, Parbhani, Satara, Nagpur and Nanded. A group of Sainiks allegedly attacked the central office of Shrikant Shinde in Ulhasnagar, it is learnt.

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1st T20I: India coast to seven-wicket win over spirited Ireland

Ireland put up a spirited fight but India proved too strong for the home team to win the rain-hit opening T20I by seven wickets on Sunday. Harry Tector's counter-attacking 64 not out off 33 balls took Ireland to 108 for four after the rain reduced the game to 12 overs a side

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Assam's 9-yr-old Nobojit Narzary wins DID L'il Masters S5

Nobojit Narzary from Assam has been declared the winner of DID L'il Masters Season 5. The nine-year-old is known for his freestyle, hip hop, and contemporary dance styles. Nobojit has been interested in dancing since the time he was little, but he started practising it in the past two years. Soon after winning the title, an excited Nobojit said, "I am very happy to lift the trophy of DID L'il Masters.

from Times of India https://ift.tt/OiSfurD

DID L’il Masters winner: My father is no more upset with me

After three months of hardcore dancing and competition, DID L'il Masters season 5 has finally got its winner. 9-year-old, Nobojit who hails from Assam lifted the trophy and walked home with a prize money of Rs 10 lakh.

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Bangladesh opens its longest bridge, bringing India closer

Bangla bridge to halve Kolkata-Dhaka train travel time.

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Arrested IAS babu's son 'shoots self during raid'

The son of an IAS officer arrested for graft died of a gunshot wound at their Chandigarh house on Saturday. Kartik Popli's family claimed he was killed by the vigilance team during a search. Police said Kartik shot himself with his dad's pistol.

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Stalker shoots at 19-yr-old on way to work in Manesar

A 19-year-old woman working with an electronics manufacturing company in Manesar was shot at by an alleged stalker, who studied with her in Class 10 and had been following her from the time she lived in Ghaziabad eight months ago. The woman is getting treated for a gunshot wound at a Gurgaon hospital. Doctors said her condition was stable.

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Def academy owner held for railway station arson

A week after people protesting against the Agnipath scheme turned violent at Secunderabad station, Sai Defence Academy owner and key accused Avula Subba Rao and his three aides were held by railway police

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Pilot plotted with Shekhawat to topple my govt: Gehlot

Union Minister main character in toppling game: Rajasthan CM

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Ahead of G7 meet, India links oil imports to energy security

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From April, India plans its own car crash-test ratings

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Droupadi Murmu files papers, dials opposition leaders

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SC: No evidence to prove 2002 Gujarat riots pre-planned

Upholding the trial court and high court's order to give a clean chit to then CM Narendra Modi in 2002 Gujarat riots, the Supreme Court said that there was no evidence to prove the allegations that the Godhra incident and the subsequent violence was pre-planned.

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Uddhav knew of brewing trouble, had confronted Shinde

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Jabs cut global Covid toll by 19.8m in 1st yr of drive: Lancet

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'China build-up biggest security anxiety for us, India'

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Sena legislators' fear of losing seats to MVA partners

One of the key reasons behind the revolt in the Shiv Sena is the fear among its legislators that they would lose ground to alliance partners NCP and Congress if the Maha Vikas Aghadi continues, senior Sena elected members told TOI on Thursday. A Sena MP, requesting anonymity, said he was unsure of getting a ticket for the next Lok Sabha polls.

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India, China to tap multilateral forums for bilateral contacts

India and China should work to enhance trust and not suspicion and their "common interests" far outweigh their differences, Chinese foreign minister Wang Yi told Indian ambassador Pradeep Rawat at a meeting in Beijing on Wednesday.

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Rahul said 'I am too tired' to 20% of questions: ED officials

Congress leader Rahul Gandhi on Wednesday said the Enforcement Directorate officers who questioned him about the alleged money laundering in the National Herald case, were impressed with the patience with which he handled questions put to him. So much so that they asked him about the secret of his stamina.

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Outfit ropes inclerics to bat for Agnipath during Friday prayers

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Maha: 42 MLAs & counting, claims Shinde, reveals BJP hand

The MVA government led by chief minister Uddhav Thackeray stayed shaky on Thursday as the ranks of the dissidents continued to swell. Rebel Shiv Sena leader Eknath Shinde claimed strength of 42 party MLAs, with more arriving by the night, including those who had stayed with the party at the start of the revolt.

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Domestic edible oil price rise lower than global trend: Govt

The government has claimed that a series of interventions in the past one year has resulted in “insulating the import of inflation” in the edible oil sector. It cited the data of how the international prices of major edible oils such as soyabean, sunflower and palmolein have gone up by more than 45% in the past one year while their domestic wholesale prices have increased by a maximum of 16%.

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Prez polls: Yashwant's 'thin' chance hinges on JMM's support

In the race to the Rashtrapati Bhawan, the opposition bloc's presidential nominee Yashwant Sinha will face his first hurdle when he visits Jharkhand on June 24 to seek support from UPA ally Jharkhand Mukti Morcha (JMM). If JMM decides to back Murmu, Sinha's chances in the losing battle will get dimmer still. JMM, meanwhile, is expected to announce its decision later this week.

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Paswan's bungalow to be Kovind's new residence after retirement

The bungalow where former minister Ram Vilas Paswan stayed till his death is set to be the new residence of President Ram Nath Kovind after his retirement from the country’s highest constitutional post next month. Sources said renovation is in the full swing in the 12 Janpath bungalow in the heart of the capital. Kovind is expected to move into the bungalow on July 25.

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1,000 dead in deadliest quake in 2 decades in Af

A powerful earthquake struck a rugged, mountainous region of eastern Afghanistan early Wednesday, killing at least 1,000 people and injuring 1,500 more in the country’s deadliest quake in two decades. Officials warned that the already grim toll may still rise. The European seismological agency said the tremors were felt over 500km by 119 million people across Afghanistan, Pakistan and India.

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Thyssenkrupp, Tata lose fight against EU veto of joint venture

Thyssenkrupp and Tata Steel have lost their fight against a European Union antitrust veto of their proposed landmark joint venture, after Europe's second-highest court rejected their arguments.

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'Edible oil prices ease as major brands cut rates'

Edible oil prices in the retail market have started easing with softening of international rates and the government's timely intervention, food secretary Sudhanshu Pandey said on Wednesday.

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Russian oil tankers get India safety cover via Dubai co

India is providing safety certification for dozens of ships managed by a subsidiary of top Russian shipping group Sovcomflot, official data showed, enabling oil exports to India and elsewhere after Western certifiers withdrew their services due to global sanctions against Moscow.

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Live: Rahul Gandhi leaves ED office after Day 5 questioning

Congress leader Rahul Gandhi was questioned for over 12 hours by the Enforcement Directorate on Day 5 in the National Herald case. He was allowed half-an-hour break at 8pm on Tuesday before the probe agency resumed questioning. Beginning June 13, the Congress leader has already spent over 50 hours in five visits to the ED headquarters to be questioned in this case. Stay with TOI for all live updates-

from Times of India https://timesofindia.indiatimes.com/india/national-herald-case-live-updates-rahul-gandhi-ed-june-22/liveblog/92370139.cms

Need more talks to assuage Gulf: NSA Ajit Doval

from Times of India https://timesofindia.indiatimes.com/india/need-more-talks-to-assuage-gulf-nsa-ajit-doval/articleshow/92372234.cms

Live: Russian shelling in Ukraine's Kharkiv region kills 15

An eight-year-old child was among 15 people killed by Russian shelling Tuesday in the eastern Kharkiv region, governor Oleg Synegubov said. "Fifteen people died and 16 were wounded. Such are the terrible consequences of Russian daytime shelling in the Kharkiv region," Synegubov said on Telegram. Stay with TOI for latest updates-

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Live: At 3,659, Maha's daily Covid-19 cases jump by 55%

Maharashtra on Tuesday reported 3,659 fresh Covid-19 cases, including 1,781 in Mumbai, and one fatality, taking the tally to 79,41,762 and the toll to 1,47,889, a health department official said. The addition to the tally was 1,305 or 55 per cent more than the 2,354 cases reported a day earlier. Stay with TOI for live updates:

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CIL coal import: Bid validity pruned to 60 days as bidders cite volatility

Coal India Ltd has shortened the validity of price bids in its first-ever coal import tenders from 90 days to 60 days after prospective suppliers cited market volatility to seek several changes.

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HDFC Bank to add 1,500-2,000 branches every year for 5 years

HDFC Bank proposes to double its network of branches in the next three to five years by adding 1,500 to 2,000 branches annually, which would akin to adding a new HDFC Bank every five years, said its managing director and CEO Sashidhar Jagdishan.

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A string of netas suggested police postings: Param Bir Singh

from Times of India https://ift.tt/LBEFolD

DoT introduces design linked incentive scheme, extends PLI

The department of telecom has launched an incentive scheme for design-led manufacturers and extended the duration of the Rs 12,195 crore production-linked incentive (PLI) scheme by a year, an official statement said on Monday.

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AI asked not to book more biz class tickets than serviceable seats

The Directorate General of Civil Aviation (DGCA) has written to Air India (AI) to synchronise the tickets sold in premium classes with the number of serviceable seats in those cabins and avoid involuntary downgrades to economy. “We have warned AI from booking more business class passengers than serviceable seats available. Any violation will invite action," said DGCA sources.

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Finance ministry asks banks to expedite NPA resolution

The finance ministry on Monday held a meeting with heads of public sector banks (PSBs) to review their annual performance and progress made by them on various government schemes.

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Maha MLC polls: BJP wins 5 seats; NCP, Shiv Sena 2 each

The Bharatiya Janata Party (BJP) won five of the ten legislative council seats in Maharashtra on Monday while in the Maha Vikas Aghadi —NCP and Shiv Sena secured two seats each and Congress managed to secure one seat.

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No baby boom, Mumbai birth rate fell in 2021

The civic body registered 1,13,792 births in 2021, about 35,106 fewer than in 2019 and 37,395 less than in 2018. In 2020, the first significant fall was noticed as registrations dropped by almost 20% to 1.2 lakh.

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JD(U) attacks BJP, saffron neta dares it to quit NDA

The first salvo in the latest war of words had been fired by state BJP president Sanjay Kumar Jaiswal on Saturday when he questioned Nitish’s performance as CM, saying his much-hyped governance model wasn’t in evidence as violent anti-Agnipath protests raged in Bihar.

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Live: 'Russia likely to intensify attacks as Kyiv awaits EU decision'

Ukraine President Zelenskiy says Russia likely to intensify its attacks while Kyiv awaits this week's EU decision on Ukraine's status as candidate country. Stay with TOI for latest updates-

from Times of India https://ift.tt/HbCeUn5

Pak duo among 4 terrorists killed in twin J&K encounters

Based on information from an arrested terrorist, Showkat Ahmed Shaikh, a joint team of the Army along with Kupwara Police launched a cordon-and-search operation in the forests of Chandigam Lolab.

from Times of India https://ift.tt/KYLVzuk

Macron set to lose parliamentary majority: Projections

Macron's "Ensemble" (Together) coalition was on track for 200-260 seats, short of the 289 needed for a majority in the National Assembly. The left-wing NUPES alliance was set to win 149-200 seats, while Marine Le Pen's far-right National Rally made major gains and was on course for 60-102 seats.

from Times of India https://ift.tt/O26r4sy

Air India considering procuring over 200 new planes

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Agnipath third major transformative defence reform: Rajnath Singh

“The Agnipath scheme has brought a revolutionary change in the process of recruitment in the armed forces of this country,” Singh said, while adding that misunderstandings are being spread against it for political reasons. “Should we lower the morale of the soldiers of the country? This is not justice,” he said, while speaking at an event.

from Times of India https://ift.tt/d28kU5J

For migrant kids, govt to universalise anganwadis

This implies that a child enrolled at any anganwadi across states will be able to avail of the same services and get the cooked meals and rations at a centre in another district of the same state or in a different state by citing the Aadhaar-enabled registration details available on the Poshan platform.

from Times of India https://ift.tt/PXUoWVp

Indian companies can make best electric cars: Nitin Gadkari

In a candid admission, the minister said that he listened to the automobile manufacturers and dropped the proposal to make it mandatory for trucks to have air-conditioned cabins for their drivers.

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Terrorists kill off-duty J&K police officer in his paddy field

Sub-inspector Farooq Ahmad Mir, attached to the 23rd India Reserve Police battalion, was the seventh off-duty cop to be shot and killed in J&K this year and the third in just over a month. Terror outfits have also gunned down 13 civilians, including school staff, migrant workers and a prominent TV singer-actor, in a series of targeted killings since the start of the year.

from Times of India https://ift.tt/LCbIy2K

Indian companies can make best electric cars: Gadkari

In a candid admission, the minister said that he listened to the automobile manufacturers and dropped the proposal to make it mandatory for trucks to have air-conditioned cabins for their drivers.

from Times of India https://ift.tt/g3TWuEp

Customer can’t be prosecuted under immoral traffic Act: HC

The HC, while quashing a chargesheet against an NRI businessman, said based on the materials produced in court, it appeared that the NRI had flown into Kolkata from Dubai and had chosen to have sex for money. The HC said the probe didn’t suggest that he had financially exploited the sex worker, even frequented the place or habitually lived with the sex worker. The HC said unless this was proven, it would be impossible to prove he had aided and abetted the offence.

from Times of India https://ift.tt/fr0BKiA

Agnipath protests: Fury of job aspirants singes nation

Railway property was extensively targeted by protesters in Bihar and Telangana, causing widespread panic among passengers. Several coaches of at least 10 trains were set on fire and railway stations were vandalised.

from Times of India https://ift.tt/UhOWVbB

Military chiefs defend Agnipath amidst criticism

General Manoj Pande said the initial notification for the Army recruitment process will be issued within the next two days, with the training of the first Agniveers to begin in December, while Air Chief Marshal V R Chaudhari said IAF will begin the selection process under Agnipath on June 24.

from Times of India https://ift.tt/If6FPkO

CBI searches on Gehlot bro premises, Rajasthan CM hits out

“If I’m active in Delhi or have participated in this movement for Rahul Gandhi, then why is revenge is taken on my brother? When there was a political crisis here in our government in 2020, at that time also the ED had raided my brother’s place,” he was quoted by PTI as saying.

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AI has uploaded provisions of denied boarding, flight delays in its Citizen Charter: DGCA

Air India on Friday came out with a “citizen’s charter” — a traveller’s reference guide for everything like reservations, lounge facilities, passenger services, in-flight services feedback mechanism and provisions for denied boarding and flight delays.

from Times of India https://ift.tt/8lJBSiH

Hizb duo killed in Anantnag encounter

The slain terrorists were identified as Junaid Ahmed Bhat and Basit Ahmed Wani, both from Anantnag. Junaid had been active since June 10, 2018, while Basit had been operating since August 18 2021, IGP (Kashmir Range) Vijay Kumar said. Basit was involved in the murder of sarpanch Ghulam Rasool Dar and his wife, a panch, on September 9, 2021, in Anantnag, added the IGP.

from Times of India https://ift.tt/CJwamlM

Govt cracks USO whip, private players raise fuel prices to curb sales

The government on Friday cracked down on private fuel retailers by bringing all petrol pumps under the USO (universal service obligation) to prevent holders of fuel retail licences from wilfully shutting or starving outlets of stocks to minimise losses on petrol and diesel.

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Rajnath Singh says assembly polls in J&K possible by year-end

Addressing an event to celebrate the 200th year of the coronation of Maharaja Gulab Singh, the defence minister said the delimitation exercise has been completed and now the number of seats has gone up to 90 in J&K, with Kashmir having 47 seats and Jammu 43. “By this year-end, there is a possibility of holding assembly elections in Jammu and Kashmir,” he said.

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Musk addresses Twitter staff, says headcount will be rationalised

Elon Musk addressed Twitter employees for the first time on Thursday, projecting a need for "rationalisation of headcount" but offering few other new details about the $44 billion takeover of the social media company.

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Pak trying to ‘bleed India with thousands cuts’: Rajnath

“Our neighbour has always resorted to anti-India activities. J&K witnessed terror activities in the past as well. Now, Pakistan is continuously trying to disturb peace in the country through its approach of ‘bleed India with a thousand cuts’,” Singh said while addressing security forces in Baramulla district. He added that despite Pakistan’s best efforts, terror activities in J&K have declined in recent times.

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Recovery on track, India better placed to avoid stagflation: RBI

India is better placed than many other countries to avoid the risks of a potential stagflation with recovery broadly on track, notwithstanding an increasingly hostile external environment, as per an RBI article on the state of the economy.

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Pictures from Femina Miss India 2022 Awards Night

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Wall Street sinks as recession fears ripple through markets

US stock indexes tumbled on Thursday, with high-profile tech shares leading the rout, after the Federal Reserve's largest rate increase since 1994 to combat decades-high inflation fanned worries of a recession.

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US Federal Reserve hikes rates by 75 bps, flags slowing economy

The US Federal Reserve raised its target interest rate by three-quarters of a percentage point on Wednesday to stem a disruptive surge in inflation, and projected a slowing economy and rising unemployment in the months to come.

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Oil cos start night shifts at depots to keep petrol pumps full

The oil ministry on Wednesday said state-run fuel retailers have introduced night shifts at fuel depots for loading more tankers to speed up stock replenishment at petrol pumps, even as industry data showed petrol consumption spiking 54% and diesel nearly 48% in the first fortnight of June compared to the same period of 2021.

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Air India new CEO to take over next week

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