Planemaker Boeing Co. has been granted approval from the US Federal Aviation Administration (FAA) on Friday to increase its 737 MAX production rate. The FAA eased an unprecedented cap, allowing the planemaker to raise output to 42 planes per month, up from the 38-plane restriction imposed in January last year. This move is seen as…
This is likely to make 2025 the best festive period for consumer electronics retailers since 2021, marking a 5-7% increase in sales by volume and more than 10% by net value over last year, they estimated. Festive sales, which kick off from the last week of September, have an outsized impact on the electronics industry’s…
Finance minister Nirmala Sitharaman has asked rural banks to leverage the consumption boost from lower goods and services tax rates to boost credit in semi-urban and rural areas. The rationalisation of GST rates has opened new opportunities in rural areas due to an increase in consumption, an indication of more bank funding, Sitharaman said, while…
Bank holiday today: Banks in Guwahati, Assam will be closed today on account of Kati Bihu. Further, while it is not a declared bank holiday, today, October 18 (Saturday), is Dhanteras. Overall, October 2025 has 21 official bank holidays, including religious and regional festivities of Diwali, Maha Ashtami, Dussehra, Durga Puja and Chhat Puja; and…
Bank holiday on Diwali: Banks across several parts of the country will be closed on certain days of the upcoming week for Diwali and related festivities, according to the state-wise holiday calendar of the Reserve Bank of India (RBI). Are banks closed for Dhanteras 2025? Banks across the country are not scheduled to remain closed…
IPO-bound Jio Platforms on Friday reported a steady growth in the July–September quarter, powered by a growing user base, strong demand for home broadband, and a shift toward higher-value customers. Jio Platforms, which houses Reliance Industries Ltd’s telecom and digital services business, reported a 3.7% sequential and 12.8% YoY (year-on-year) growth in net profit to…
The move directly addresses a surge in delayed payments, primarily from key growth markets in Africa and Latin America. It also aims to curb cases such as that of Indian exporter Pharmaken, whose payment for an active pharmaceutical ingredient (API) shipment to Pakistan was stuck for months around the time of Operation Sindoor in May….
US regulators have given the green signal to a new, tech and crypto-friendly bank to operate in the country. Called Erebor Bank, the lender is backed by a group of high-profile tech billionaires with ties to the Donald Trump administration and received conditional approval from the Office of the Comptroller of the Currency to operate…
Fintech startups such as Snapmint and Kiwi are seeing a rush of young shoppers avail low-interest consumer loans for their festive season purchases. Snapmint, a Mumbai-based non-banking financial company, facilitates sales of multiple brands on its platform via interest-free loans that can be repaid in equated monthly installments (EMIs). In September, Snapmint saw its total…
NEW DELHI : Movie theatres are expecting increased footfalls and business from entertainment avenues, including cinemas allowed to remain open 24 hours following a Maharashtra government order in late September. This could help attract more working professionals to late-night shows and pave the way for similar strategies in other metros, benefiting cinema earnings by 25-30%…