Friday, March 13
Singapore Airlines (SIA) shares dipped on the Singapore Exchange following the Air India flight crash in Ahmedabad, where SIA holds a 25.1% stake. The stock fell 1.7% amidst broader market concerns, as the Straits Times Index also registered a decrease due to geopolitical tensions.
Paytm's stock price plummeted by 10% following the finance ministry's denial of plans to introduce Merchant Discount Rate (MDR) on UPI transactions, contradicting earlier media reports. The clarification triggered investor concerns, leading to Paytm's steepest single-day drop since February 2024. Payments Council of India had previously advocated for MDR to sustain digital payments infrastructure.
Air India's Boeing 787-8 Dreamliner, operating as Flight AI171 from Ahmedabad to London, crashed shortly after takeoff on June 12, 2025, prompting a 5% plunge in Boeing's stock in opening trade.
Air India's Boeing 787-8 Dreamliner, operating as Flight AI171 from Ahmedabad to London, crashed shortly after takeoff on June 12, 2025, prompting a more than 8% plunge in Boeing's stock in pre-market trading.
Indian boardrooms are increasingly prioritizing talent management, dedicating significant time to talent strategies beyond CEO succession. An Egon Zehnder survey reveals that boards spend over three hours quarterly on talent development, focusing on succession planning for multiple leadership roles. While boards are setting expectations for workforce planning and skill development, many CHROs still view them primarily as governance bodies.
Flight operations at Ahmedabad Airport were suspended after an Air India plane crashed shortly after takeoff on Thursday. IndiGo and SpiceJet have issued travel advisories, offering rebooking or refunds. According to the latest update, limited flight operations have now resumed at the airport.
A major incident occurred in Ahmedabad. An Air India flight AI171, bound for London, crashed after takeoff. The Boeing 787 Dreamliner went down in the Meghaninagar area. Airport operations were suspended. Emergency services responded quickly.
India's retail inflation hit a multi-year low of 2.82% in May 2025, according to the NSO data. This decline, the lowest since February 2019, was primarily driven by a significant decrease in food prices, with the Consumer Food Price Index dropping to 0.99%. Both rural and urban areas experienced a moderation in inflation rates during the same period.
Stock market crash today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, tanked in trade on Thursday. While Nifty50 went below 24,900, BSE Sensex crashed 900 points.
Zara's India operations experienced marginal revenue growth of 0.5% in FY25, reaching Rs 2,782.06 crore, while net profit surged by 23% to Rs 299.47 crore. Meanwhile, Massimo Dutti's India revenue saw a slight decrease of 0.7% to Rs 100.37 crore. Trent Ltd. reduced its stake in both joint ventures during the fiscal year, impacting shareholding percentages.
