Capex: Current level of capex sustainable, says financial secretary
NEW DELHI: Indicating a continued push for public spending, finance secretary T V Somanathan on Thursday said current level of capital expenditure was “highly sustainable” and asserted that the Centre was on course to meet the spending and fiscal deficit…
Market Research: Rupee closes at a record low of 83.39 against dollar
MUMBAI: The rupee closed at a record low of 83.39 against the dollar, though the decline was only three paise from its previous close and 10 paise over a month. Forex dealers attributed the weakening to demand from importers. While…
Valentino strengthens its in-house tailoring school
Training, skills transfer and the circular economy. It’s a stimulating project that Valentino, which has just published its very first sustainability report, has set up through “La Bottega dell’arte”. This in-house training programme dedicated to couture, financed by the resale…
OPEC+ Output Cut: Deeper OPEC+ output cut could hit fuel retailers, stoke inflation fears
NEW DELHI: The OPEC+ grouping’s decision on Thursday to cut production further could end up resuming pressure on the profitability of state-run fuel retailers, delay possible cuts in interest rates and test the government’s inflation management in the run-up to…
Digital Economy: Dubai Chamber of Digital Economy discusses priorities, initiatives for 2024
DUBAI: Dubai Chamber of Digital Economy, one of the three chambers operating under the umbrella of Dubai Chambers, has successfully hosted the 2023 annual meeting of the chamber’s Board of Directors and Advisory Council members.Saeed Al Gergawi, Vice President of…
The average long-term US mortgage rate falls to 7.22%, sliding to lowest level since late September
LOS ANGELES: The average long-term US mortgage rate fell for the fifth week in a row, more good news for prospective homebuyers grappling with an increasingly unaffordable housing market. The latest decline brought the average rate on a 30-year mortgage…
Hi Fly Expands Fleet with Two Widebody Aircraft
Dark/Light Mode (28/11/23) Hi Fly, a global wet lease specialist and charter airline, has expanded its fleet with the addition of two Airbus A330-200 aircraft. Registered as 9H-HFJ and 9H-HFK, the two aircraft share identical features, offering a seating capacity…
Reliance Brands: French company SMCP to enter India in partnership with Reliance Brands
New Delhi: French company SMCP which owns fashion brands like Sandro, Maje, Claudie Pierlot and Fursac is foraying into India in partnership with Reliance Brands. Under the terms of the deal, Reliance Brands will become the exclusive distributor for Sandro…
Plaza Premium Opening Three Lounges at Chongqing Jiangbei Airport in China
Dark/Light Mode (28/11/23) Plaza Premium is set to expand its portfolio of airport lounges in China over the coming weeks, with three sites at Chongqing Jiangbei International Airport (CKG). The three new Plaza Premium Lounges, set to open in stages…
Kalyan Jewellers opens new store in Uttarakhand with Aditya Roy Kapoor
Fine jewellery brand Kalyan Jewellers has opened a new store in the state of Uttarakhand in Kashipur. The exclusive brand outlet was inaugurated by Bollywood celebrity Aditya Roy Kapoor and brings the brand’s state-wide store total to five. Lotus inspired jewellery…