Air India-Indian Employees To Get Employee Stock Options

The Air India-IndianAir India amalgamation, blustered as the major conjoining in the Indian skies. It may bring a windfall to more than 32,000 workforces of both the companies. Post-merger, the administration is planning to give out employee stock options (Esops) to their employees.
A government official stated that the newly engaged company is named as ‘National Aviation Company,’ which owns up 7.32 crore shares, and a paid-up capital of Rs 73.25 crore.
The total number of shares has been attained after arrogating an exchange proportion of 8:1 that entails eight shares of the blending groups equivalent one share of the new entity.

Microsoft Bandages Ani Vulnerability

The Tuesdays’ Microsoft Corp.Microsoft "critical" out-of cycle security update release has fi

Rupee Surges to 8-Years High against Dollar

The Indian Rupee, on Wednesday, surged to its highest level in nearly 8 years. The Rupee traded 43 to a dollar as banks sold the US unit to raise funds to meet statutory reserve requirements.
According to reports, ending at 43.065/075 on Tuesday, the rupee was at 42.925/935 per dollar at 10:15 am on Wednesday, off an early high of 42.84, it’s strongest since June 1, 1999, when it traded at 42.83.
The Rupee has gained about 9.5 % since hitting a 3-year low last July, and the central bank is thought to be uneasy with the rupee's pace of appreciation.

Indian Hotels All Set To Buy US Hotel

According to BSE reports, the Tata Group Company, Indian Hotels, through its 100% subsidiary company, is all set to take over San Francisco based Hotel Campton Place in a deal of expected value $60

Cement Shares Drop Precipitously

Cement Shares Drop Precipitously

The shares in cement firms dropped precipitously on Wednesday, after the government’s trashing some duties to help imports and rein in domestic prices.

Sony Drops PSP Prices

Sony Computer Sony Computer EntertainmentEntertainment America (SCEA

Pages

News in Focus

U.S. and European politicians are afraid of Chinese EVs: BYD

Amidst the world’s accelerating shift from conventional gas-powered vehicles to electric powertrains, Chinese automakers continue to make momentous inroads into global markets, stirring concerns am

Lease prices for Chevy Blazer EV now almost equal to gas-powered models

For those who might be considering the shift to electric mobility, the new fully-electric Chevy Blazer EV offers a compelling reason.

Rivian’s 2025 R1S & R1T to come with significant advancements under the hood

Rivian, an American electric automotive technology company headquartered in Irvine, is set to revolutionize the EV landscape once again with its 2025 R1S e-SUV and R1T e-pickup truck, which boast s

Majority of Americans still prefer ICEs to EVs: Survey

While the US government and automakers are pushing towards electrification of vehicles, a fresh survey has revealed a notable gap between expectations and reality in terms of adoption of EVs.

Einride to add 150 Peterbilt 579EV electric semi-trucks to its U.S. fleet

Marking a significant move for sustainable logistics, Swedish transport company Einride AB has placed an order for 150 of Peterbilt’s battery-powered 579EV semi-trucks.

Hyundai’s U.S. electric car sales surge 42% in May 2024

Hyundai Motor America, a subsidiary of South Korea-based Hyundai Motor Company responsible for operations in North America, enjoyed an impressive surge of 42 per cent in its all-electric vehicle sa