Meet Campbell Wilson: From management trainee to top boss of Air India

Air India’s new owner, Tata Sons, said on Thursday it would appoint Campbell Wilson as its chief executive officer (CEO) of the airline. The appointment is subject to regulatory approval. The appointment of a foreign national as CEO of an airline in India requires government clearance before it can proceed. Tata…

Income Tax rules: PAN mandatory for withdrawing Rs 20 lakh, opening current account

From May 26 onwards, anyone depositing or withdrawing Rs 20 lakh or more from one or more bank accounts in a financial year will have to quote the Permanent Account Number (PAN) at the time of withdrawal. With a view to curb evasion of taxes through the use of cash, the Central Board of Indirect Taxes (CBDT) has…

Seeking jobs? Hiring trend, expected salary, skills in demand

As the situation gradually starts to normalise, job opportunities will play a pivotal role in the post-pandemic world. More and more job seekers across India are curious to know the hiring trends, expected salaries and the sectors that are offering maximum opportunities and an attractive pay scale. Raj Das, Global…

Food prices to remain high? How climate change, war are biting us badly

Food prices around the world, including in India, skyrocketed this year after Russia’s invasion of Ukraine. The ongoing Russia-Ukraine war has a detrimental impact on key exports of wheat and fertiliser from those countries. At the same time, droughts, floods and heat fuelled by climate change have affected…

Share market crashes: Sensex, Nifty register worst week since November

Share market equity indexes Sensex and Nifty closed over 1 per cent lower on Friday and registered their worst week since November, as investors fretted that fast-paced interest rate hikes to fight surging inflation would slow global economic growth. The S&P BSE Sensex fell 1.56 per cent or 866.65 points to…

Group of Ministers to meet on May 2 to discuss GST related to casinos, online gaming

The Group of Ministers (GoM) set up by the Union Ministry of Finance to look into matters related to GST regime covering casinos, race courses and online gaming will hold a crucial meet on May 2 in Delhi. Meghalaya Chief Minister Conrad Sangma is the convenor of the GoM. He replaced Gujarat Finance Minister Nitin…

Gold, silver prices today: Precious metals witness dip on MCX| Check latest rates here

Both gold and silver are trading on the lower side of the Multi Commodity Exchange (MCX) on Thursday, April 28, 2022. Witnessing a marginal drop of Rs 242 or 0.47 per cent, gold futures maturing on June 3, 2022, are retailing at Rs 51,089 per 10 grams on the MCX. Meanwhile, the rate of silver futures, maturing on…

Mukesh Ambani’s Reliance becomes 1st Indian firm to hit Rs 19 lakh crore market cap | Check share price

Mukesh Ambani’s Reliance Industries (RIL) has hit a market capitalization (m-cap) of Rs 19 lakh crore, the first-ever Indian company to achieve the feat. Shares of the conglomerate scaled a record high on Wednesday. While the share market was down on Wednesday. However, bucking the trend, Reliance Industries…

Air India seeks Competition Commission’s nod to acquire 100% stake in AirAsia

Air India has proposed to acquire a 100 per cent equity of AirAsia (India) Private Limited. Air India made the proposal in a petition moved before the Competition Commission of India (CCI). Air India Private Limited was formally acquired by Tata Sons Private Limited through a wholly-owned subsidiary company, Talace…