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Air India CEO: Will spend $400 mn in upgrading seats, in-flight entertainment that’s as old as the 1st iPhone

It has been more than a year since Air India returned to be under the Tata Sons wing. Over this timeline, the airline set itself on a five-year transformative plan called ‘Vihaan.AI’ and made the second largest order in the history of commercial aviation of 470 aircraft.

It also recently received a nod from the Competition Commission of India (CCI) for the Air India-Vistara merger. Similarly, earlier this year Air India received the competition watchdog’s nod to merge the low cost airlines Air Asia India with Air India Express. While the first phase of its transformative journey ‘taxi’ is done and dusted, the airline is now in its second phase, the ‘take-off’.

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A $15 billion stock with positive annual returns every year since listing has more fizz left, says this analyst

Brokerage firm BoFA Securities has maintained its buy recommendation on Varun Beverages and raised its price target to Rs 1,030 per share. This is the highest price target for the second-largest bottling company in the world for PepsiCo.

BoFA is also the only brokerage which expects Varun Beverages shares to cross the mark of Rs 1,000 apiece over the next 12 months.

The revised price target of BoFA Securities implies a potential upside of another 11 percent from Varun Beverages' closing price on Monday. Shares of Varun Beverages have already risen 40 percent so far in 2023.

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India and America are best friends in changing times, says JPMorgan Chase CEO Jamie Dimon

India and the United States are solidifying their partnership as global dynamics undergo significant changes, according to Jamie Dimon, Chairman & CEO of JPMorgan Chase. Speaking to CNBC-TV18 right after his first visit to India since the pandemic, Dimon highlighted the growing optimism surrounding India's economic potential and commended Prime Minister Narendra Modi's initiatives aimed at simplifying the country's economic landscape.

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Dimon pointed out that India and the United States are emerging as natural partners amidst the global changes. He noted that the two countries share a unique bond and should seize the opportunity to strengthen their economic ties further.

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