At least three international flights of Air India have been affected in two days due to technical issues, according to sources. The flights from Chicago and Vancouver were cancelled on Tuesday as the aircraft was grounded on account of technical issues. Both flights were to be operated with Boeing 777 aircraft, the sources said.
Europe is no longer a role model in the digital world, and there is a big question mark on it, Swedish telecom gear maker Ericsson President and CEO Borje Ekholm said on Wednesday. During a panel discussion at CII Partnership Summit, Ekholm appreciated the rapid rollout of 5G in India compared to the rest of the world.
India beat Australia for the second time in three days as the home side emerged victorious in the penalty shootout in the second leg match of the FIH Pro League here on Wednesday. The two teams were locked 2-2 during regulation time.
Senior Congress leader and former commerce and industry minister Anand Sharma on Wednesday expressed concern over the Silicon Valley Bank collapse and urged the RBI as well as the government to "ring-fence" the Indian banking system and protect startup entrepreneurs. California-based Silicon Valley Bank (SVB), the 16th largest bank in the United States, was closed on Friday by the California Department of Financial Protection and Innovation which later appointed the Federal Deposit Insurance Corporation (FDIC) as its receiver.
Prime Minister Narendra Modi, Chief Justice of India D Y Chandrachud and actor Ram Charan of Oscar-winning song 'Naatu Naatu ' of the RRR movie will be among the speakers at India Conclave beginning on Friday. The 20th edition of the India Today Conclave will be held in New Delhi on March 17 and 18, a statement said. This year's Conclave, themed 'The India Moment', is a powerhouse of ideas and will include insights from the entertainment industry's biggest and best names, it stated.
The Unique Identification Authority of India has made document update facility online for Aadhaar free till June 14, an official statement said on Wednesday. Earlier, residents were required to pay Rs 25 to update their documents on the Aadhaar portal.
Employees' State Insurance Corporation (ESIC) added 16.27 lakh new members in January, according to payroll data released on Wednesday. Around 22,800 new establishments have been registered in the month of January 2023 under the Employees'State Insurance Corporation ensuring social security cover to their employees, a Labour Ministry statement said.
Indigenous electronics production is expected to reach Rs 8.42 lakh crore and export Rs 1.76 lakh crore in the current financial year, Parliament was informed on Wednesday. Minister of Electronics and IT Ashwini Vaishnaw in his submission to the Lok Sabha said India's share of global exports has increased to approximately 1.8 per cent in the current year from 1.2 per cent last year.
India-based defence company BrahMos Aerospace expects to close a deal this year to sell Indonesia supersonic cruise missiles worth at least $200 million, as it looks to expand its presence in Southeast Asia, its chief executive said on Wednesday. BrahMos, a joint venture between India and Russia, clinched its first foreign deal last year with a $375 million sale of shore-based anti-ship missiles to the Philippines - part of Indian Prime Minister Narendra Modi's ambitious push to triple defence exports.
An alumnus of the prestigious Armed Forces Medical College, Pune, he is a well-known paediatrician and neonatologist of the country: Defence officials.
Gold prices climbed over 1% to their highest since early February on Wednesday as a fresh crisis in the banking sector turned investors away from seemingly riskier assets and drove them to the safety of bullion.
Spot gold was up 1.1% to $1,923.00 per ounce at 9:53 a.m. EDT (1353 GMT). U.S. gold futures gained 0.9% to $1,928.60.
"It's a total safe-haven trade. There's a lot of concern about Credit Suisse and now European banks are really coming under quite a bit of pressure. So it's a complete flight to safety," said Phillip Streible, chief market strategist at Blue Line Futures in Chicago.
The RBI and the UAE central bank on Wednesday signed an agreement to enhance cooperation in various areas, including exploring interoperability of Central Bank Digital Currencies (CBDC). Under the MoU (memorandum of understanding), the two central banks will collaborate on various emerging areas of FinTech, especially Central Bank Digital Currencies (CBDCs) and explore interoperability between the CBDCs of CBUAE and RBI, the Indian central bank said in a statement. According to the statement, the CBUAE and RBI will jointly conduct proof-of-concept (PoC) and pilot(s) of the bilateral CBDC bridge to facilitate cross-border transactions of remittances and trade.
