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SpiceJet has been ordered by a Mumbai consumer commission to compensate a senior citizen with Rs 25,000 for mental distress and Rs 5,000 for legal costs, due to an incorrectly issued ticket during a rerouted journey in December 2020. Despite acknowledging the airline's efforts to reroute after a flight cancellation, the commission cited “deficient service and negligent behaviour.
India's top companies experienced a significant market valuation surge last week, with Bharti Airtel and Reliance Industries leading the gains, contributing to a collective increase of Rs 1,62,288.06 crore. This positive trend aligned with a broader market rally, as the BSE Sensex climbed substantially.
Geopolitical unrest, particularly in the Middle East, is significantly impacting the Indian workplace. A recent survey reveals that over 63% of companies have frozen hiring or initiated downsizing. Consequently, many employees are experiencing affected appraisals and are actively seeking new skills or alternative job options amidst rising anxiety about their future.
India's power capacity hits 476 GW, with 49% from non-fossil fuels, mainly renewables at 226.9 GW, according to a government report. Solar energy has surged, but coal still dominates at 50.52%. The nation ranks high globally in renewable energy capacity.
A new report by GTRI reveals concerns that proposed relaxations in local content rules for the telecom sector could disadvantage Indian manufacturers. The Department of Telecommunications' potential amendments to the Public Procurement Order may favor multinational corporations like Cisco and Ericsson. This shift could undermine domestic innovation and investments in R&D, potentially increasing reliance on foreign technologies.
China's restrictions on rare earth metal exports threaten over 21,000 Indian audio electronics jobs. Elcina reports disruptions to supply chains, impacting hearables and wearables. Manufacturers are importing finished goods. They are moving away from local component production. Elcina urges government intervention through talks with China. They also want to boost domestic manufacturing.
2025/07/04 09:31:26
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