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Emirates to deploy A380 on Delhi route from October; expands Premium Economy to 6 Indian cities
Emirates will introduce its A380 aircraft on the Dubai-Delhi route starting October 25. This move expands the airline's double-decker service to a third Indian city. Premium Economy will also become available on six Indian destinations by month's end. The airline cites strong demand as a reason for these network enhancements. Emirates is also opening new retail travel stores and a call centre in India.
BLS E-Services acquires Atyati Technologies for Rs 157 crore
BLS E-Services has acquired Bengaluru-based Atyati Technologies for approximately Rs 157 crore in an all-cash deal. This strategic move aims to bolster BLS E-Services' reach and impact in underserved communities by integrating Atyati's AI-powered banking solutions and extensive network of customer service points. The acquisition is anticipated to drive significant synergies, including network expansion and cost efficiencies, contributing to long-term growth.
PNB to focus on Retail, Agriculture, MSME advances, CASA deposits to boost profitability: MD Ashok Chandra
Punjab National Bank is set to prioritize retail, agriculture, and MSME lending, alongside boosting low-cost deposits to fuel growth. MD and CEO Ashok Chandra highlighted the bank's strong financial position and commitment to digital expansion and customer service. PNB aims to contribute to India's 'Viksit Bharat' vision by 2047, integrating ESG principles for responsible and sustainable development.
Civil Aviation Minister inaugurates first hub-and-spoke flight from Varanasi via Delhi
Civil Aviation Minister K Ram Mohan Naidu launched Air India's 'Easy Connect' initiative in Varanasi, establishing the first hub-and-spoke flight to connect the city globally via New Delhi. This model aims to boost international connectivity from smaller cities. Six destinations will soon adopt this model, with Varanasi set to receive airport upgrades within 13 months. Air India plans to expand this service to several other Indian cities.
BFSI firms set to see AI-led decision making & real-time fraud detection
Indian banks and financial firms are increasingly using AI for critical tasks like fraud prevention and decision-making. While early adopters are seeing success, many companies still face hurdles in infrastructure and governance. AI is now integral to core operations, not just customer service. Future plans focus on boosting productivity and customer growth through AI.
DMRC launches hydrogen-fueled shuttle buses in Central Vista
Delhi Metro Rail Corporation has introduced a new hydrogen-powered shuttle bus service in Central Vista. Indian Oil Corporation Limited is providing two advanced buses for this initiative. The service aims to offer eco-friendly last-mile connectivity. It will operate on working days during peak office hours, connecting metro stations and government offices. This move supports sustainable transportation in the capital.
CMS Info Systems wins ₹400 crore order from HDFC Bank for ATM services; Stock may react
The order is valued at ₹400 crore across 6,000 ATMs. CMS said as per of the five-year contract, it will manage the service solutions including currency forecast and logistics and its Vision AI solution - HAWKAI.
Global business consulting firm EisnerAmper India appoints Radhika Harivanam as managing director
EisnerAmper India proudly announces the appointment of Radhika Harivanam as its new managing director. With an impressive 20-year track record in the industry, Harivanam is set to enhance client services across all of EisnerAmper's branches in India. Her vision focuses on nurturing client partnerships and optimizing service delivery.
Slow motion: US companies cautious amid India's mega M&E Boom
American media giants are rethinking their India strategy. Recent years saw major players like Disney and Paramount adjust their stakes or exit operations. Lionsgate sold its streaming service. These moves reflect the challenges of India's competitive media landscape. Companies are now focusing more on content licensing rather than direct investment in local platforms.