Day: June 5, 2024

Indian Airlines Braced for Mounting Losses Despite Soaring Demand and Ticket Prices

Manish Kumar

Top aviation consultancy CAPA India has forecasted a significant industry-wide loss for Indian airlines in fiscal 2025. Despite witnessing a surge in demand and an escalation in ticket prices, airlines are poised to grapple with escalating costs, leading to anticipated losses ranging between $400 million to $600 million. With overall airline costs expected to escalate by 3.8% in fiscal year 2025, the sector faces a daunting uphill battle against rising operational expenses. IndiGo maintains its dominance in India’s skies, commanding a significant 60% market share, while the Air India group,…

Swearing In On June 8 As JDU, TDP Affirm Support NDA 3.0: PM Modi Resigns;

Manish Kumar

A day after the Lok Sabha election results were announced, Prime Minister Narendra Modi, along with his council of ministers, tendered his resignation to President Droupadi Murmu and recommended the dissolution of the 17th Lok Sabha. The Bharatiya Janata Party-led NDA has won 292 seats while the Congress-led INDIA bloc bagged 234 seats. The BJP emerged as the single-largest party bagging 240 seats while the Congress won 99 seats, significantly improving its tally compared to 2019. The President accepted the resignation and requested PM Modi and the Council of Ministers…

Israel Accused of Employing White Phosphorus in Lebanese Residential Zones

Manish Kumar

A prominent human rights organization has thrust Israel into the spotlight, alleging the use of white phosphorus incendiary shells on residential buildings across multiple towns and villages. Despite the absence of direct evidence linking white phosphorus to burn injuries in Lebanon, the report underscores reports of possible respiratory ailments among affected individuals. The usage of such munitions in densely populated areas has drawn sharp criticism, with rights advocates deeming it a violation of international legal norms. The Lebanese Health Ministry’s documentation of medical care requirements for at least 173 individuals…

IIT Bombay, IIT Delhi Shine in QS World University Rankings 2025

Manish Kumar

The release of the latest QS World University Rankings edition brings promising news for India’s higher education sector, with significant strides made by several Indian universities. 61 percent of Indian universities have improved their rankings IIT Bombay and IIT Delhi are both in top 150 list in the QS World University Rankings 2025 IIT Kharagpur secured the fourth position among Indian institutes, surging from 271st to 222nd in the global rankings. Similarly, IIT Madras witnessed a remarkable leap from 285th to 227th, ascending by 58 ranks. Noteworthy progress was also…

LG ELECTRONICS CELEBRATES GLOBAL VOLUNTEER DAY ON WORLD ENVIRONMENT DAY WITH SUSTAINABILITY INITIATIVES

Manish Kumar

NEW DELHI –World Environment Day 2024 (June 5) – with the slogan “Our land. Our future. We are #GenerationRestoration.” – is focused on the importance of land restoration, combating desertification, and enhancing resilience against droughts. To successfully confront and overcome such immense environmental challenges, it is vital for companies, especially those with a global presence, to step up and lead the way. As an organization that is concerned with the wellbeing of people and the planet, LG proactively integrates responsible practices and technologies into its operations worldwide. The company also supports a better future by developing…

Global Leaders Extend Congratulations to PM Modi on Historic Third Term Victory

Manish Kumar

In the wake of the historic electoral triumph, world leaders from across the globe have showered PM Modi with heartfelt congratulations, commemorating his unprecedented third term victory. From the scenic Maldives to the industrious corridors of China, nations far and wide have extended their warm wishes. China conveyed its felicitations to PM Modi and the BJP-led NDA coalition, affirming its commitment to fostering robust bilateral ties. Ukraine’s President Volodymyr Zelenskyy, hailed India’s monumental electoral exercise, extending his warmest wishes to PM Modi and the BJP-led NDA on their resounding victory.…

Market Rebounds: Sensex Surges 1,600 Points, Nifty Powers Up; Adani, Ambani Witness Billions in Losses Post Worst Market Crash

Manish Kumar

Stock markets rebound, surge over 2% Market rebounds after worst crash in four years FMCG, auto stocks lead gains; banks, IT contribute Gautam Adani, Mukesh Ambani net worths drop after market crash Gautam Adani’s net worth drops by $24.9 billion to $97.5 billion Mukesh Ambani’s net worth falls by $9 billion to $106 billion In a seismic shift of market dynamics, the benchmark stock indices orchestrated a formidable rally during intraday trading on Wednesday, staging an emphatic comeback from the depths of Monday’s harrowing market plunge. The S&P BSE Sensex…

T20 WC: INDIA TO TAKE ON IRELAND IN NEW YORK TODAY

Manish Kumar

In cricket, India will take on Ireland in their first group-stage match of the ICC Men’s T20 World Cup at the Nassau County International Cricket Stadium in New York this evening. The match will start at 8 PM Indian time. Team India is coming on the back of a 60-run win over Bangladesh in their only warm-up game at the same venue on Saturday. India have not won the T20 World Cup since the inaugural edition in 2007. India’s second gourp-stage clash will be against Pakistan on 9th of this…

Naidu and Nitish Firm: ‘We Stand with NDA’ Amidst Shared Flight Drama with Tejashwi Yadav

Manish Kumar

In the post-2024 Lok Sabha polls aftermath, where the BJP-led NDA fell tantalizingly short of an absolute majority, the political arena is charged with anticipation and uncertainty. The BJP-led NDA clinched 294 seats in the 543-member Parliament, a notable victory yet still 22 seats shy of the requisite 272 for an outright majority. NDA allies like  Naidu and  Nitish find themselves in positions of considerable influence, their decisions poised to shape the trajectory of Indian politics in the coming days. Despite swirling rumors and conjectures, Nitish’s close aide firmly asserts…

BJP’s Historic Victory in Odisha: Laxman Bag Emerges as Giant Killer, Defeating CM Naveen Patnaik

Manish Kumar

The Bharatiya Janata Party (BJP) has scripted history in Odisha, poised to form the government single-handedly for the first time. The saffron surge saw the BJP capturing a remarkable 78 Assembly seats alongside a near-sweep in the Lok Sabha elections with 20 out of 21 seats secured. A defining moment unfolded in Kantabanji as BJP’s Laxman Bag emerged as the giant killer, dethroning Odisha Chief Minister Naveen Patnaik. The electoral landscape witnessed significant upsets, with BJD heavyweight Pranab Prakash Das losing to Union Minister Dharmendra Pradhan in Sambalpur. BJP state…