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Viasat to lay off 800 employees post Inmarsat acquisition

Nov 5, 2023

San Francisco, Nov 5 (IANS) Global communications company Viasat is laying off 800 employees, about 10 per cent of its workforce, and the impact will spread across the business in terms of geographies and divisions.The layoffs came as the company is integrating the Inmarsat business post-acquisition, reports Satellite Today. Viasat closed the…

Negative tribunal order, negative indices to overshadow WB biz summit

Nov 5, 2023

Kolkata, Nov 5 (IANS) The Bengal Global Business Summit, the annual event held by the West Bengal Government to showcase the state as an ideal investment destination will be held this year under the twin shadows of the negative order…

Business

Democrats oppose IRS cuts in Israel funding bill, hope to block it in Senate

Nov 5, 2023

Washington, Nov 5 (IANS) The battle lines are drawn as the Democrats will take on the Republicans in the Senate on Monday for excluding Ukraine in the legislation the House of Representatives passed on Thursday to provide $14.3 billion in…

Business

SBI sets aside Rs 8,900cr for pay and pension hike to staff

Nov 5, 2023

Mumbai, Nov 4 (IANS) SBI Chairman Dinesh Khara on Saturday said the country's largest bank said that a surge in provision for the likely salary and pension hike of its employees had impacted the net profit for the second quarter.The bank…

Business

DGCA draft proposes reduced night work hours and increased pilot rest to address fatigue complaints

Nov 5, 2023

New Delhi, Nov 4 (IANS) The aviation watchdog, Directorate General of Civil Aviation (DGCA) has invited comments till December 4 on its recently prepared draft which proposes reducing night work hours and increasing pilot and crew members…

Business

Vedanta plunges into Rs 1,783cr loss in July-Sep quarter

Nov 4, 2023

Mumbai, Nov 4 (IANS) Billionaire Anil Agarwal-controlled Vedanta Resources has piled up a consolidated net loss of Rs 1,783 crore for the July-September quarter of the current financial year, the company reported in an exchange filing on…

Business

Air India inks deal with Alaska Airlines on 32 destinations in US, Mexico, Canada

Nov 4, 2023

New Delhi, Nov 4 (IANS) Tata owned Air India has entered an interline partnership with Alaska Airlines which will allow Air India guests to avail seamless connections from New York JFK, Newark- New Jersey, Washington DC, Chicago, San…

Business

Petroleum, coal, chemicals, infra sector pulled down credit growth in Sep’23: Bank of Baroda

Nov 4, 2023

Chennai, Nov 4 (IANS) Lower credit offtake by petroleum, coal, chemicals, infrastructure has resulted in the moderate growth in credit in September 2023 as compared to corresponding period of the previous year, said a report by Bank of…

Business

SBI clocks Rs 14,330 crore net profit in Q2

Nov 4, 2023

Mumbai, Nov 4 (IANS) The State Bank of India (SBI), the country’s largest bank, on Saturday reported an 8 per cent increase in net profit to Rs 14,330 crore for the July-September quarter of the current financial year. The bank had made a…

Business

Our learnings can help India’s mission to create responsible AI: SAP’s global AI head

Nov 4, 2023

New Delhi, Nov 4 (IANS) As India prepares to organise its first-ever global artificial intelligence (AI) summit in December, Walter Sun, Global Head of AI at cloud software major SAP, has said that the government and other stakeholders can…

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