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Air India Receives First Refreshed Boeing 777-300 ER Aircraft, Full Fleet Upgrade by Year-End

3Apr

By Hindustan Herald DeskNo Comments

Air India Receives First Refreshed Boeing 777-300 ER Aircraft, Full Fleet Upgrade by Year-End

Key Highlights:What Is the Boeing 777-300 ER Refresh?Why the Refresh and Not Retrofit Yet?Where Is the Work Being Done?Impact on Passengers and RoutesLegacy Fleet CompositionThe Full Retrofit TimelineNarrow-Body Upgrades Also UnderwayWhat’s Holding Back the Full Retrofit?Aircraft Utilization StrategyImportance of the Air India Boeing 777-300 ER RefreshWhat’s Next?New Delhi, April 3 – Air India has officially begun the Boeing 777-300 ER refresh as part of its ambitious $400 million aircraft retrofit program, starting with the first legacy aircraft completed in Singapore. This milestone marks the beginning of a large-scale modernization plan that will eventually cover all 13 legacy B777-300 ERs by the end of 2025.What Is the Boeing 777-300 ER Refresh?The term “heavy refre...

Sensex Today: Markets Brace for Volatility on April 3 as Trump’s Tariff Shock Hits Global Sentiment

3Apr

By Hindustan Herald DeskNo Comments

Business & Finance, News

Sensex Today: Markets Brace for Volatility on April 3 as Trump’s Tariff Shock Hits Global Sentiment

Key Highlights:What Happened Overnight: Trump’s Tariff TsunamiSGX Nifty Indicates Negative StartKey Technical Levels to WatchMarket Sentiment IndicatorsSectors to WatchExpert CommentaryWhat Should Traders Do?Brace for VolatilityMumbai, April 3 (Pre-Market Sensex Today) – Indian equity markets are expected to open on a cautious and volatile note on Wednesday as investors digest the massive tariff announcement by U.S. President Donald Trump overnight. This unexpected move sent U.S. futures and global tech stocks into a tailspin, and could weigh on sentiment at Dalal Street.The BSE Sensex had ended higher by 511 points on April 2, while the Nifty 50 closed at 23,332, rising 167 points. However, late-night developments may wipe out part of those gains in early trade today.Also ...

Nifty 50 and Bank Nifty Rebounds Strongly on April 2 Despite Tariff Fears, Form Bullish Patterns

3Apr

By Hindustan Herald DeskNo Comments

Business & Finance, News

Nifty 50 and Bank Nifty Rebounds Strongly on April 2 Despite Tariff Fears, Form Bullish Patterns

Key Highlights:Trump’s Tariff Move: A Red Flag for Bulls?Nifty 50: Technical Outlook and Trading StrategyBank Nifty: Strong Bounce with Bullish IndicatorsMarket Breadth and SentimentMumbai, April 2 – India’s benchmark indices, the Nifty 50 and Bank Nifty, staged a strong rebound on Wednesday following Tuesday’s steep losses, shrugging off global uncertainty triggered by U.S. President Donald Trump’s reciprocal tariff announcement.The Nifty 50 surged 167 points to close at 23,332, while the Bank Nifty jumped 521 points, ending the session at 51,348. This bounce helped both indices form bullish candlestick patterns on daily charts, indicating a temporary shift in sentiment despite lingering caution driven by the India VIX and global trade concerns.Also Read: Nifty 50 Pre-Mark...

Trump’s Tariff Shock: Markets Crash in After-Hours as Investors React to Sweeping Trade Measures

3Apr

By Hindustan Herald DeskNo Comments

International News, Business & Finance, News

Trump’s Tariff Shock: Markets Crash in After-Hours as Investors React to Sweeping Trade Measures

Key Highlights:Markets Tumble Despite Strong Daytime RallyTech Stocks Lead the After-Hours BloodbathTesla’s Wild Day: Surge Turns into SlumpOther Noteworthy MoversInvestor Concerns: Inflation, Recession, and Trade WarsTreasury and Commodities ReactWhat's Next?New York, April 2 (Trump Tariff Announcement)— In a move that sent shockwaves across global financial markets, President Donald Trump announced a sweeping set of new tariffs late Wednesday that sparked a massive sell-off in after-hours U.S. trading. The announcement, delivered from the White House’s Rose Garden, included minimum 10% tariffs on nearly all countries, along with higher, country-specific tariffs on key trading partners like the European Union (20%), Japan (26%), and China (34%).The tariffs, set to take effect ...

Poonam Gupta Appointed RBI Deputy Governor Ahead of Key Monetary Policy Meeting

2Apr

By Hindustan Herald DeskNo Comments

Business & Finance, News

Poonam Gupta Appointed RBI Deputy Governor Ahead of Key Monetary Policy Meeting

Key Highlights:Who Is Poonam Gupta?Academic and Professional BackgroundKey Roles and Policy InfluenceGupta Replaces Michael Patra at a Crucial JunctureIndustry and Expert ReactionsNew Delhi, April 2 : The Reserve Bank of India (RBI) on Wednesday appointed renowned economist Poonam Gupta as its new deputy governor for a term of three years, ahead of the central bank’s crucial bi-monthly monetary policy committee (MPC) meeting scheduled between April 7 and 9, 2025. Gupta succeeds Michael Patra, whose term concluded recently.This appointment marks a significant leadership change at the central bank at a time when India’s monetary policy is under close watch amid global uncertainty and domestic inflation challenges.Who Is Poonam Gupta?Poonam Gupta is currently serving as th...

BEL Share Price Drops Over 5% After FY25 Order Guidance Miss Despite 16% Revenue Growth

2Apr

By Hindustan Herald DeskNo Comments

Business & Finance, News

BEL Share Price Drops Over 5% After FY25 Order Guidance Miss Despite 16% Revenue Growth

Key Highlights:BEL Share Price Reaction and Trading DetailsFY25 Revenue Performance: Growth But Below ExpectationsBEL Order Book and Export GrowthBEL Management Commentary and Strategic OutlookAnalyst View: Short-Term Pressure vs Long-Term PotentialBEL Shareholding Pattern and Investor SentimentWhat’s Next for BEL?BEL Share Price Drop Driven by Guidance Miss Despite FundamentalsShares of Bharat Electronics Ltd (BEL) witnessed a sharp decline of over 5% on April 2, following the company’s announcement that it had missed its order inflow guidance for FY25. Despite posting a strong 16% year-on-year growth in turnover, the public sector defence firm failed to meet its internal projection of ₹25,000 crore, triggering a negative reaction in the stock market.BEL Share Price Reaction a...

Nifty 50 and Sensex Eye Rebound After Sharp Fall as Global Trade Tensions Loom

2Apr

By Hindustan Herald DeskNo Comments

Business & Finance, News

Nifty 50 and Sensex Eye Rebound After Sharp Fall as Global Trade Tensions Loom

Key Highlights:GIFT Nifty Signals Positive OpeningForeign Investors Pull Out ₹5,900 CroreGlobal Jitters: Trump’s Tariff Threat Looms LargeAsian Markets Stay SubduedRBI’s ₹80,000 Crore Liquidity Support Offers CushionWhat It Means for Indian InvestorsReading the Global Economic Tea LeavesNifty 50 and Sensex Face a Crucial TestIndia's benchmark stock indexes—Nifty 50 and Sensex—are poised to recover on Wednesday following their largest single-day fall in a month. The rebound is being closely watched by investors navigating global volatility and domestic policy support.On Tuesday, Nifty 50 dropped by 1.5%, and Sensex tumbled 1.8%, triggering fresh concerns over the stability of Indian equities in the face of escalating international trade tensions.GIFT Nifty Signals Positive O...

Work-Life Balance Debate in Corporate India: Capgemini CEO Advocates for a 47.5-Hour Workweek

27Feb

By AkshatNo Comments

Business & Finance, News

Work-Life Balance Debate in Corporate India: Capgemini CEO Advocates for a 47.5-Hour Workweek

Capgemini CEO Ashwin Yardi supports a 47.5-hour workweek, opposing the 70- and 90-hour workweek proposals. Yardi discourages weekend work emails to reduce unnecessary stress. Younger workforce expectations are shaping corporate policies. Nasscom chairperson and Marico CEO emphasize results over work hours. Capgemini introduces structured career paths, quarterly promotions, and frequent employee surveys.Key Highlights:Work-Life Balance at the Forefront of Corporate Discussions:Challenging Weekend Work Culture:Contrasting Views from Industry Leaders:Adapting to a Younger Workforce:A Balanced Approach to Work Hours:Work-Life Balance at the Forefront of Corporate Discussions:The debate on work-life balance in corporate India has intensified after influential business le...

JSW Energy Share Price Surges 3.3% After Morgan Stanley Sets Rs 545 Target

21Feb

By AkshatNo Comments

Business & Finance, News

JSW Energy Share Price Surges 3.3% After Morgan Stanley Sets Rs 545 Target

JSW Energy share price increased 3.3% to Rs 484 on February 21, continuing its four-day rally. Morgan Stanley maintained an ‘overweight’ rating with a price target of Rs 545, indicating a 16.5% upside. Despite the recent surge, JSW Energy stock has declined 27% since the start of 2025. The company is expanding its thermal and renewable energy business, with a projected 24% EBITDA CAGR over FY24–28. Q3 FY25 net profit dropped 27% year-over-year due to lower revenue from thermal and hydroelectric facilities.Key Highlights:Morgan Stanley’s Optimism Drives JSW Energy Stock Rally:Analysts Back JSW Energy’s Strong Market Position:Q3 FY25 Earnings: Profit Decline Due to Lower Thermal and Hydro RevenueStock Performance and Outlook:Morgan Stanley’s Optimism Drives JSW Energy Stock R...

OKX Secures MiCA License, Expanding Regulated Crypto Services Across Europe

20Feb

By AkshatNo Comments

Business & Finance, News

OKX Secures MiCA License, Expanding Regulated Crypto Services Across Europe

OKX becomes one of the first cryptocurrency exchanges to obtain the MiCA (Markets in Crypto-Assets) authorization. The license enables OKX to provide regulated services to over 400 million users across 28 EEA countries. OKX now offers over 240 cryptocurrencies, spot trading, OTC dealing, and bot trading, along with local payment options. The MiCA license grants OKX passporting rights, allowing seamless expansion within the EEA.OKX’s European headquarters in Malta will enhance user experience with local language and currency support. The company successfully obtained the license on January 27, 2025, following a rigorous regulatory process. This achievement solidifies OKX’s role as a global leader in secure and compliant cryptocurrency services.Key Highlights:OKX Secures MiCA Authori...

Over-Financialization in India: Uday Kotak Warns of Economic Risks and Calls for Structural Reforms

20Feb

By AkshatNo Comments

Business & Finance, News

Over-Financialization in India: Uday Kotak Warns of Economic Risks and Calls for Structural Reforms

Over-financialization could destabilize India's economy as investors struggle to comprehend valuations. Economic Survey 2024-25 highlights rising debt levels in industrialized nations due to excessive financialization. Kotak advocates for free and fair markets while warning against overregulation and micromanagement. Protectionism must be avoided, and India must enhance productivity and manufacturing competitiveness. The next generation of business leaders must focus on entrepreneurship rather than investment management.Key Highlights:Over-Financialization and Its Economic Risks:Shifting from Overregulation to Growth and Competition:Trade Deficit, Protectionism, and Global Competition:The Impact of Global Tariffs on Indian Competitiveness:Union Budget’s Tax Rebate and Financial Sec...

JBM Auto Shares Surge 19% After Rs 5,500-Crore e-Bus Order Under PM eBus Sewa Scheme

20Feb

By AkshatNo Comments

Business & Finance, Auto And Vehicles, News

JBM Auto Shares Surge 19% After Rs 5,500-Crore e-Bus Order Under PM eBus Sewa Scheme

JBM Auto shares soared by 19% on Wednesday after its subsidiary, JBM Ecolife Mobility, secured a Rs 5,500-crore order under the PM eBus Sewa Scheme-II. The company will be responsible for the procurement, supply, operation, and maintenance of 1,021 electric buses in Gujarat, Maharashtra, and Haryana.This significant order strengthens JBM Auto’s electric mobility business, aligning with the company's Net Zero 2040 goal while expanding its order book to over 11,000 electric buses.Key Highlights:JBM Auto Bags Rs 5,500-Crore e-Bus Order Under PM eBus Sewa Scheme:JBM Auto Strengthens EV Leadership with Massive Order:JBM Auto Bags Rs 5,500-Crore e-Bus Order Under PM eBus Sewa Scheme:In a significant boost to India’s electric vehicle (EV) sector, JBM Ecolife Mobility, ...

Adani Group Stocks Plunge as SEC Seeks India’s Help in Bribery Investigation

19Feb

By AkshatNo Comments

Business & Finance, News

Adani Group Stocks Plunge as SEC Seeks India’s Help in Bribery Investigation

Adani Group stocks took a sharp hit in early trading on Wednesday, following reports that the US Securities and Exchange Commission (SEC) has sought assistance from Indian authorities in its investigation into Gautam Adani and his nephew, Sagar Adani. The probe, linked to alleged securities fraud and a ₹2,300 crore bribery scheme, triggered panic selling among investors, sending Adani Enterprises down by 4.3% at market opening.The SEC informed a US district court on Tuesday that it was working with India's Ministry of Law and Justice to facilitate legal proceedings against the Adanis. This revelation fueled fresh concerns among investors, leading to a broad-based decline across all Adani Group stocks.Key Highlights:Adani Group Stocks Take a Hit:What Is the SEC Investigating?Inv...

Is Jack Dorsey the Mysterious Bitcoin Creator? Viral Theory Sparks Debate

19Feb

By AkshatNo Comments

Business & Finance, News

Is Jack Dorsey the Mysterious Bitcoin Creator? Viral Theory Sparks Debate

A viral theory circulating on social media claims that Jack Dorsey, the former CEO of Twitter and Square (now Block), is the real Satoshi Nakamoto, the pseudonymous creator of Bitcoin.The theory, put forward by Sean Murray, editor-in-chief of deBanked, suggests that multiple pieces of evidence—ranging from Dorsey’s early interest in cryptography to suspiciously aligned timestamps—point toward him being the mastermind behind Bitcoin’s creation.Key Highlights:The Evidence: Does It Really Add Up?Debunking the Theory: The BitMEX Research ResponseDorsey’s Busy Timeline: Another Contradiction?Is Jack Dorsey Really Satoshi Nakamoto?The Evidence: Does It Really Add Up?1. Dorsey’s Background in Cryptography & Cypherpunk CultureAccording to Sean Murray, Dorsey was...

LIC Launches Smart Pension Plan with Multiple Annuity Options

19Feb

By AkshatNo Comments

Business & Finance, News

LIC Launches Smart Pension Plan with Multiple Annuity Options

The Life Insurance Corporation of India (LIC) has unveiled a single-premium Smart Pension Plan designed to provide financial security post-retirement. The new non-participating, non-linked annuity plan offers multiple annuity options for both single-life and joint-life annuities, catering to the diverse needs of policyholders.The plan was officially launched by Financial Services Secretary M Nagaraju and LIC Chairman and MD Siddhartha Mohanty in the presence of senior finance ministry officials.Key Highlights:Understanding LIC Smart Pension Plan’s Features:Why Choose LIC Smart Pension Plan?Understanding LIC Smart Pension Plan’s Features:1. Multiple Annuity Options for Financial Security:The LIC Smart Pension Plan allows policyholders to choose from various a...