An 82-year-old woman was injured at Delhi Airport after Air India allegedly failed to provide a pre-booked wheelchair, leading to her collapse and subsequent hospitalization. The family has filed complaints with DGCA and Air India, while the airline claims the passenger arrived late and refused additional medical attention.
India's GDP growth rebounded to 6.2% in Q3 FY25, driven by improved rural demand, increased government spending, and a revival in consumer-centric sectors. Despite the positive growth, the figure remains lower than the previous year, and the government projects a full-year growth of 6.5%, the lowest in four years.
The Bombay High Court criticized banks' "cut, copy, paste" approach to labeling accounts as "fraud" or "defaulter," urging them to apply their minds and follow RBI guidelines. The court directed industrialist Anil Ambani to file a complaint with the RBI regarding Union Bank of India's decision to label his loan account as "fraud.
Tuhin Kanta Pandey has been appointed as the new chairman of SEBI, taking over from Madhabi Puri Buch whose term ends on March 1, 2025. Pandey, a seasoned IAS officer with expertise in economics and public administration, faces the challenge of stabilizing the Indian markets amidst bearish trends and substantial FII withdrawals.
Despite Starbucks' extensive expansion in India, the global coffee chain struggles to achieve profitability due to high real estate costs and differences in consumer behavior. Industry experts suggest that Starbucks needs to focus on differentiation and address consumer habits to succeed in the Indian context.