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Last updated on 27 Mar,2024 10:10 AM Refresh
- SpiceJet reaches settlement with Canada's EDC to resolve liabilities worth Rs 755 cr SpiceJet announces a settlement agreement with Export Development Canada (EDC) to resolve liabilities amounting to Rs 755 crore, resulting in savings of Rs 567 crore. Under the deal, SpiceJet will acquire 13 EDC-financed A400 aircraft, leading to a comprehensive revitalization of its balance sheet. SpiceJet's shares surged 3.3% to Rs 60.7 per share following the announcement.
- Mumbai beats Beijing to emerge as the new billionaire hub of Asia, Hurun Research's list shows Mumbai has become Asia's leading billionaire hub, surpassing Beijing for the first time, according to Hurun Research's 2024 Global Rich List. The financial capital of India now has 92 billionaires, edging past Beijing's 91. This places Mumbai third globally in terms of billionaires, with New York leading with 119 and London with 97.
- Raghuram Rajan thinks India making a big mistake believing ‘hype’ about its growth India's former central bank Governor Raghuram Rajan warned that India's strong economic growth is overshadowed by structural challenges like poor education and skills. Rajan said there is urgent need for workforce improvement to harness the potential of the young population.
- India plans to shift from minimum wage to living wage by 2025 Living wages – a minimum income necessary for a worker to meet their basic needs, factoring in key social expenditure by an individual such as housing, food, healthcare, education and clothing – were endorsed by the ILO earlier this month. These would be higher than basic minimum wages. “We could go beyond minimum wages in a year,” a senior govt official told ET.
- Canada moves up a crucial deadline for international students looking for work permits after graduation The Canadian government will enforce a new rule for international students ahead of schedule. Starting May, graduates of certain college programs will no longer qualify for post-graduation work permits. Other changes to the PGWP program aim to streamline processes and address housing shortages caused by a surge in international student permits.
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Holi 2024: How to protect your phone and gadgets from colours and water while playing Holi
Get ready for Holi celebrations while safeguarding your gadgets! As the festival approaches, ensure your smartphones and earphones stay safe from water and color damage with these simple tips: use waterproof bags, seal openings with tape, set up pattern locks, shield screens, invest in nano-coating protectors and waterproof covers, explore smart skins, silica pouches, and apply glycerin to earphones.
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