Air India on 3 May announced that it will start a non-stop service between Delhi and Zurich starting 16 June 2024, marking the airline’s entry in Switzerland and taking the total number of cities served by Air India in mainland Europe to seven. Air India currently operates a total of 60 weekly flights to and from six cities in mainland Europe.
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Foreign funds dumped the most amount of Indian bonds in April since the Covid pandemic as concern on higher-for-longer Federal Reserve interest rates prompted traders to dial down their fervor over inclusion of the debt in global indexes. They sold nearly $2 billion of Indian sovereign and corporate bonds in April, a pace unmatched since May 2020.
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Tyre maker Ceat on Thursday reported a 23 per cent decline in its consolidated net profit to ₹102 crore for the fourth quarter ended March 2024.The company had posted a net profit of ₹132 crore in the January-March quarter of 2022-23.Its revenue from operations rose to ₹2,992 crore in the period under review from ₹2,875 crore in the fourth quarter of FY23.
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