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India's SpiceJet to give hiring preference to employees of Jet Airways, says chairman

NEW DELHI, April 19 ― India's SpiceJet Ltd said today it will prioritise hiring employees of Jet Airways Ltd who are losing their jobs after the crisis-hit Indian airline halted all flight operations indefinitely this week. “We have already…


Jet shares nosedive after flights grounded, lenders ‘hopeful’

MUMBAI, April 18 — Jet Airways shares plunged more than 32 per cent today, hours after the Indian carrier’s final flight landed following a decision to ground its entire fleet. The Mumbai-based carrier is on the edge of bankruptcy and has failed…


Reports: Reliance Industries in talks to buy British toymaker Hamleys

LONDON, April 17 — Reliance Industries Ltd is in talks to buy British toy store chain Hamleys, business news website Moneycontrol reported today citing multiple sources, as the Indian conglomerate seeks to expand its footprint in the consumer…


Palm drops on weaker soyoil, slower demand growth

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KUALA LUMPUR (April 16): Malaysian palm oil futures fell to a two-week low on Tuesday, in line for a second session of declines, tracking weaker soyoil on the US Chicago Board of Trade amid slower-than-expected demand growth. The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange fell 0.5% to RM2,151 (US$522.98) a tonne at the midday break. It had earlier fallen to RM2,139, its weakest level since April 2. “The market today is down as we are still lacking strong demand. It’s not there, buyersRead More


India’s Jet extends cancellations after lenders fail to release funds

MUMBAI, April 16 — India’s stricken Jet Airways appeared to be edging closer to collapse yesterday after lenders failed to take a decision on whether to release crucial funds to keep the debt-laden carrier flying. Thousands of passengers have…


Scrapping India’s trade privileges could hit US consumers, senators say

NEW DELHI, April 13 — A US plan to end preferential duty-free imports of up to USD$5.6 billion (RM23 billion) from India could raise costs for American consumers, two US senators have told their country’s trade office, urging a delay in adopting…


Indian IT giants Infosys, TCS see profits soar

MUMBAI, April 12 — India’s biggest software exporters reported a surge in net profits today  thanks to strong revenue growth and a slew of big new deals. Tata Consultancy Services (TCS), India’s largest IT outsourcing firm, said profits…


Indian govt to probe Jet Airways as airline teeters

MUMBAI, April 12 — India's government said today it would investigate Jet Airways' ability to keep flying as the debt-stricken carrier fights for survival. The announcement came after Jet cancelled most of its international flights yesterday and…


Auto tariff war would hurt more than US-China fight, says IMF chief economist

WASHINGTON, April 11 — A new trade war sparked by US automotive tariffs has the potential to do much more damage to global economic growth than the US-China trade conflict has done, International Monetary Fund chief economist Gita Gopinath said…


S&P 500 ends flat as investors await bank earnings

NEW YORK, April 12 — The S&P 500 ended little changed yesterday as growing anxiety over a global economic slowdown offset upbeat data and investors waited for earnings season to kick into high gear. In choppy trading, the Nasdaq and the Dow…