Financial troubles deepen! Air India lobbies government for airspace access in China’s Xinjiang as Pakistan airspace closure hikes costs: Report

Air India has approached the Indian government to request access to restricted military airspace in China’s Xinjiang region to shorten international flight paths, according to a Reuters report quoting an internal company document. The move comes as the airline struggles with higher operational costs following Pakistan’s closure of its airspace to Indian carriers.The appeal, submitted…

Read More

India-Germany trade: PM Modi, German chancellor Merz meet CEOs; aim to boost India-Germany economic ties

PM Modi on Monday hailed the growing strength of India-Germany ties, highlighting that bilateral trade between the two countries had crossed the 50 billion dollar mark. “Our bilateral trade has reached its highest level ever, surpassing the 50 billion dollar mark. More than 2,000 German companies have a long-standing presence in India. This reflects their…

Read More

Blackstone stake sale natural cycle: Mphasis

BENGALURU: Mphasis CEO Nitin Rakesh said Blackstone’s stake sale reflects a natural phase in the private equity firm’s investment lifecycle and does not indicate any loss of confidence in the company’s performance. Blackstone acquired a 60.5% stake in Mphasis for $1.1 billion in 2016 and has been invested in the company for over nine years….

Read More

Trump’s US Tech Force needs no degree, offers up to $200,000 to rebuild federal technology

For years, federal hiring followed a rigid formula. Degrees acted as gatekeepers. Experience defined eligibility. Salaries rarely compete with the private sector. Technology talent, in particular, remained scarce inside government systems built for another era.The Trump administration has now chosen to disrupt that structure. With the launch of the U.S. Tech Force, the federal government…

Read More