Page 287 - Bloomberg

IndiGo exploring purchase of widebody aircraft to counter Air India

IndiGo has repeatedly toyed with the idea of introducing long-haul services to tap the growing pool of affluent Indians flying further afield to places such as the UK and Europe

Boeing's directors plan to meet top airline chiefs without CEO Dave Calhoun

The CEOs of multiple prominent airlines have aired frustration with the state of Boeing's operations since the January accident

Apple loses $113 billion in value as European, US regulators close in

Once the world's most valuable firm at more than $3 trillion, Apple has underperformed both the Nasdaq 100 and the S&P 500 in 2024

Indian Premier League's return to kickstart two-month spending boom

The IPL ecosystem was valued at Rs 92,500 crore ($11 billion) in 2023, including the value of media rights and sponsorships, according to Indian valuation consulting firm D&P Advisory

FedEx plans $5 bn buyback as CEO's cost-cutting measures yield results

The shares rose as much as 13% after regular trading in New York, while competitor United Parcel Service Inc. advanced 3.4%

Microsoft to pay Inflection AI $650 mn after scooping up most of staff

As part of the deal, Microsoft will pay $620 million to license Inflection's AI models and around $30 million for waiving any legal rights related to the mass hiring

Meta, Microsoft, X join forces against Apple's App Store payment plans

The filing marks the latest volley in the back-and-forth over Apple's tight control over its app marketplace, which is one of the world's two dominant stores alongside Alphabet Inc.'s Google Play

Switzerland unexpectedly cut key interest rate by 25 basis points to 1.5%

Officials in Zurich lowered their benchmark to 1.5%, the first such reduction for one of the world's 10 most-traded currencies since the pandemic abated

Musk's Neuralink shows 1st patient playing chess, video game using his mind

Neuralink is not the only company working on brain devices that connect with computers. Modern demonstrations of cursor control by using thoughts have taken place in other humans

UBS Group plans to shut thousands of smaller Credit Suisse accounts in Asia

The lender is reviewing the accounts with a balance of around $2 million or less, said the people, who asked not to be identified discussing private information

Barclays to cut hundreds of jobs in investment banking to trim costs

The cuts are expected to take place in the coming months and are part of the firm's annual cutting of low performers, the people said.

Jindal Steel & Power takes on ops at Venezuela's largest iron-ore mill

Jindal officials are carrying out inspections at iron-ore plants of CVG Ferrominera Orinoco, according to two people familiar with the process, who asked not to be named as information isn't public

Google researchers use AI to forecast floods with small data sets

Google's AI model now operational in 80 countries, provides more accurate predictions of river flooding than the previous dominant system, according to a paper published Wednesday in Nature

Shapoorji Pallonji Group seeks up to $2.4 bn from lenders to refinance debt

The group, controlled by Indian billionaire Shapoor Mistry, has reached out to Power Finance for up to Rs 15,000 crore, the largest chunk in the planned fundraising, the people said

India block trades raise $7.1 billion, headed toward best qtr in 14 yrs

India's equity capital markets have been running hot for the past year as its stocks climb to record highs and foreign investors pile in amid a rotation away from China

India's probe finds rogue officials involved in Pannun's murder plot in US

At least one person directly involved in the alleged attempted assassination is no longer working for India's main spy agency, the Research and Analysis Wing, the officials said,

Lok Sabha polls: In Hindi heartland, farmer distress isn't holding BJP back

Crossing some of India's most destitute districts, it's apparent that the reasons for Modi's success are varied. Many appreciate the ruling party's income support schemes

US President Biden hails $20 bn for Intel, says Trump lost jobs to China

"Unlike my predecessor, I was determined to turn things around, to invest in America, all of America, all Americans. And that's what we've been doing," Biden said

US Justice Dept to sue Apple today over violations of antitrust laws

The coming case will mark the third time that the Justice Department has sued Apple for antitrust violations in the past 14 years, but it is the first case accusing the iPhone maker

Hinduja human trafficking trial set for June as family's arguments rejected

"The charges of usury and human-trafficking were sufficiently well-described by the Prosecutor's Office and don't need to be sent back for restating," Judge Mascotto said