CONSTRAINT
Commercial opening of Noida airport delayed
The construction of the second airport in Delhi-NCR by Noida International Airport Limited (NIAL) owned by Zurich Airport faces delays impacting Indian airlines with capacity constraints. The project aims to bring relief to airlines amidst record aircraft orders and includes a concession agreement with Yamuna Expressway Industrial Development Authority (YEIDA). The project involves key figures like chief minister Rajnath Singh, Durga Shanker Mishra, and approvals from the Directorate General of Civil Aviation (DGCA).
Indian CEOs hold AI governance crucial for AI adoption, innovation: IBM study
The global study of 3,000 CEOs across 30 countries and 26 industries highlighted the significance of AI governance for Indian business leaders. The study shows, 7 out of 10 Indian CEOs surveyed said tat trusted AI is only possible when you have effective AI governance in organisations. The study revealed that 49% of Indian CEO said they are hiring for Gen AI roles that did not exist till last year.
Delhi-SFO flight delay: Air India apologises, offers USD 350 travel voucher to passengers
Air India has apologised and offered a travel voucher of USD 350 each to the passengers of the San Francisco flight that took off from the national capital after a delay of more than 30 hours. There were 199 passengers in the flight, according to a source.
Max Healthcare net profit growth down due to higher taxes: Abhay Soi
Abhay Soi, MD & CEO of Max Healthcare, discusses the impact of higher taxes on profitability, emphasizing the shift from EBITDA to free cash flow. He highlights the growth in revenues and EBITDA but a decline in net profit, attributing it to increased tax payments.
Government cancels FCRA licences of 6 NGOs over 'violations'
The NGOs include the Diocesan Society Church of North, Jesus and Mary Delhi Educational Society, Delhi Diocese Overseas Grant Fund, Institute of Economic Growth (IEG), Samuel Foundation Charitable India Trust and Hemophilia Federation of India (HFI). Earlier this month, the home ministry had revoked the FCRA licences of five leading NGOs on charges of violations.
IBM falls 9% as enterprise-spending constraints choke consulting demand
Shares of International Business Machines fell more than 9% on Thursday, as its consulting business faces pressure from enterprises tightening their budgets to cope with an uncertain economy and high interest rates.
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JEE Main 2024 topper: How hard work and passion helped a farmer's son clear one of the toughest exams in India
This year, a record 56 candidates, including two females, have achieved 100 NTA score in JEE-Main exam, which is conducted every year to select students for the 23 Indian Institutes of Technology (IITs) institutes spread across India. Nilkrishna's journey so far is a tale of hardship and indomitable courage, as he faced many challenges and financial constraints but never gave up and achieved a perfect score of 300 out of 300 in the JEE Main exam.
Capital availability, charging infra & batteries still huge constraints for Vertelo platform: Abhishek Poddar
We will be partnering with various folks to enable the right availability of the batteries. And constraints are in terms of technology, obsolescence risk and what happens to the residual value. So we are working with our partners.
Don’t foresee absolute power supply constraint current year: CARE Ratings
Sabyasachi Majumdar of CARE Ratings anticipates that there will be ample electricity available from various sources. The distribution companies' cooperation is crucial. Despite high costs, gas-based generation remains open for the peak season. Short-term tariffs are expected to stay elevated for now, driven by the robust PLFs and an election-year dynamics.
Are asset quality bombs lurking for NBFCs at the end of the cycle? Karan Gupta answers
Karan Gupta of India Ratings & Research expects a growth slowdown in the unsecured lending sector in FY25, particularly on the personal loan side, due to funding constraints. The MFI sector's rating outlook remains stable, reflecting the impact of deregulation on yields and risk-based pricing. Gupta says "the tightness for deposit accruals is more structural in nature and that is something that will continue."
MFs cut AT-1 bond holdings by over 90% in 3 years, banks face funding constraint
Mutual funds' investment value in these perpetual bonds was at ₹2,123 crore in December 2023, down from ₹25,057 crore in January 2020, three months before Yes Bank collapsed, data provided to ET by CRISIL Market Intelligence and Analytics showed.
Boeing 737 MAX lands in China, ending import freeze on order backlog
The 737 MAX 8 left Seattle Boeing field in Washington state on Wednesday after being handed over to China Southern Airlines , stopping in Hawaii and the Northern Mariana Islands before its final leg to Guangzhou in southern China, tracking data from FlightRadar24 shows. China, which was the first country to ground MAX jets after two MAX 8 accidents in 2018 and 2019 that killed nearly 350 people, gave Boeing permission last month to resume deliveries of its 737 MAX 8 to local customers.
Over 30% of blockchain games discontinued in 2023: Report
According to data compiled by BlockchainGamer.biz, out of the total of 1,318 blockchain games that have been announced since 2021 -- 31% or 407 games -- are now discontinued or canned.
Don't let bad climate rain on the economy
India in 2023 saw many natural calamities with the last one in Tamil Nadu in December. Observing the weather conditions, the shift towards low-carbon development pathways is critical. India is poised to invest $143 trillion in infrastructure from FY2024 to FY2030, presenting a golden opportunity to foster sustainable development.
Noida Metro extension delayed due to 'constraint of seamless connectivity' with Blue Line: NMRC
NMRC Managing Director Lokesh M said in the current detailed project report (DPR) of extension of Noida- Greater Noida metro service, "there is constraint of seamless connectivity" between Sector-51 station of Aqua Line and Sector-52 station of Blue Line of Delhi Metro.
India can be goods supplier for global south, says Harvard University's Ricardo Hausmann
Hausmann, who is also Rafik Hariri professor of the practice of international political economy at Harvard Kennedy School, said India provided opportunity for companies to set up operations in the country, as it had a huge domestic market with a large supply of labour, especially engineers, at a time when the world needed both. He said India is better integrated than some of the Southeast Asian economies.
Karnataka orders beer makers to halt third shift of operations
The decision could lead to a significant disruption in brewing products in India's second largest beer consuming state. However, the notice has not been issued to spirits manufacturers for their distilleries, and beer makers fear demand could shift towards hard liquor if there are supply constraints for their brands. Companies including United Breweries, AB InBev, Bira and Carlsberg together own seven breweries in Karnataka, all operating in three shifts and are among their largest in the country.
The Birth of a Product: Initiation and Conceptualization in the Life Cycle
The initiation and conceptualization phase is crucial in the product development lifecycle as it sets the foundation for success. It involves generating and screening ideas, conducting feasibility analysis, market research, defining objectives, and involving cross-functional teams.
No constraint of funds for MGNREGA, payment to Bengal stopped due to non-compliance: Centre
The Union Rural Development Ministry stated that there is no lack of funds for the rural job scheme MGNREGA, and the funds for West Bengal were withheld due to non-compliance with central directives. The ministry emphasized that funds have been released for the scheme, with Rs 56,105.69 crore out of the Rs 60,000 crore budget already disbursed.
Pakistan's imports of Russian crude face port, refinery, currency constraints
Pakistan is struggling to achieve its target of having two-thirds of its crude oil imports come from Russia, due to constraints such as a shortage of foreign currency. Although Russia has been offering attractive prices for oil, the benefits are being offset by higher shipping costs and lower quality refined products compared to what Pakistan receives from its current main suppliers, Saudi Arabia and the United Arab Emirates.
Cannot provide funds for development this year, says DK Shivakumar
Shivakumar, who is also the state Congress President, said efforts will be made to ensure that the party legislators, who have huge expectations, understand the situation and remain patient. Some Congress MLAs are said to be miffed and have complained to Chief Minister Siddaramaiah and the party leadership that they have not been able to get work done in their constituencies, and that transfers (of government servants) as requested has not happened.
Vodafone Idea fails to renew bank guarantees amid financial constraints, seeks time
The telco said that it has been unable to renew additional BGs as this requires 100% cash margin to be provided to the banks. According to a banker, the decision to ask for a 100% cash margin reflects that banks are extremely averse to lending to Vi, even if the BG sums are tiny.
Twitter team doing best it can under constraints: Jack Dorsey after Elon Musk sets limits on usage
Dorsey said while it is easy to critique from afar, the ultimate goal is for Twitter to thrive.
Boeing CEO says fixing supply chain constraints is 'frustratingly slow'
Last month, Boeing CEO said it could take until the end of 2024 to iron out supply chain constraints.
Boeing CEO warns supply-chain constraints could last ‘Very Long Time'
Aircraft manufacturers have struggled to increase production at a time when airlines are clamouring for new jets to meet the surge in travel demand.
‘Inflation vanquished’, long-term fundraise faces no constraints
In the near term, however, the yield movement reflects consensus expectations of slower growth in 2023-24 relative to a year ago. The central bank expects real GDP growth to moderate to 6.5% in 2023-24 from 7% in 2022-23.
Funding constraints may hamper NBFCs' loan growth this fiscal: Report
The rising share of bank funding has helped NBFCs offset the sluggishness in capital markets, which remained lukewarm during the pandemic and pricey during the first nine months of FY23.
India may consider dairy products' import on tight supply amid stagnant milk output: Government
Addressing a press conference, Animal Husbandry and Dairy Secretary Rajesh Kumar Singh said the country's milk production remained stagnant in the 2022-23 fiscal due to lumpy skin disease in cattle, while the domestic demand grew by 8-10 per cent in the same period because of a rebound in the post-pandemic demand.
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