Where do we get captains from?’ AI, IndiGo locked in dogfight for pilots amid FDTL fallout; joining bonus up to Rs 50 lakh

Representative image (ANI) NEW DELHI: Call it the IndiGo schedule collapse and its fallout impact. A clamour has broken out between the budget airline and Air India group over having adequate captains to avoid a repeat of what happened under the new safety-enhancing flight duty time limitation (FDTL) rules.IndiGo has had to commit to DGCA…

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Oswal’s Axis takes Guinea to World Bank, seeks $29bn

Bengaluru: Axis International, controlled by Indian-origin billionaire Pankaj Oswal, has initiated an arbitration seeking at least $28.9 billion in compensation against the Republic of Guinea at the World Bank. The company has alleged unlawful revocation of its mining rights at one of the country’s largest bauxite operations.The United Arab Emirates-based firm filed the claim on…

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Arvind Fashions to buy Flipkart’s stake in youth brands arm for Rs 135cr

BENGALURU: Arvind Fashions said on Monday it will acquire Flipkart Group’s stake in Arvind Youth Brands Pvt Ltd for Rs 135 crore, making the entity a wholly owned subsidiary of the company.Arvind Youth Brands houses Flying Machine, the company’s youth-focused denim and casual wear brand. Arvind Fashions said Flying Machine has re-established itself over the…

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All exports to get duty-free access to Australia from Jan 1: Piyush Goyal

NEW DELHI: Starting Thursday, Australia is set to provide duty-free access to all Indian exports under the India-Australia Economic Cooperation and Trade Agreement (ECTA), commerce and industry minister Piyush Goyal said Monday.“From Jan 1, 2026, 100% of Australian tariff lines will be zero-duty for Indian exports, unlocking fresh opportunities for labour-intensive sectors,” Goyal posted on…

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India has narrowed the AI gap with Silicon Valley, says Elevation’s Krishna Mehra

SAN FRANCISCO: India is no longer a decade behind Silicon Valley in building with artificial intelligence, Elevation Capital’s AI partner Krishna Mehra said, arguing that founders in Bengaluru and other Indian hubs are now closer to the global frontier and should aim to build category-leading companies rather than “number two or three” players.“In the SaaS…

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Despite third-largest reserves, India trails in rare earth production; gap due to processing, regulatory hurdles: Report

India holds the world’s third-largest reserves of rare earths at 6.9 million tonnes, yet its contribution is not even 1 per cent of the global production. A new report from Amicus Growth, cited by ANI, underlined this gap between resource potential and actual production on the part of India, while China leads in the global…

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