Air India reduces cabin baggage allowance to 15 kg for lowest fare segment

Loss-making Air India has reduced the free cabin baggage allowance to 15 kilogram from 20 kilogram for the lowest economy fare segment on domestic flights. The changes have been made in the menu-based pricing model fare families that were introduced by the Tata Group-owned Air India last August, with the airline saying that a one-size-fits-all […]

Indian EV startup extends offer to Tesla interns spurned by Elon Musk

Bengaluru-based electric vehicle startup Pravaig Dynamics has made offers to Tesla interns, who saw their offers getting revoked weeks before their start date, inviting them to join the Silicon Valley of India that will recognize and appreciate their talents. Tech billionaire Elon Musk’s latest cost-cutting victims are summer interns with his flagship Tesla Inc, rescinding […]

US approves Exxon-Pioneer deal, alleges shale founder colluded with Opec

U.S. regulators gave the go-ahead on Thursday to Exxon Mobil’s $60 billion purchase of Pioneer Natural Resources, but barred Pioneer’s former CEO from Exxon’s board on allegations he attempted to collude with OPEC to raise oil prices. Former Pioneer CEO Scott Sheffield coordinated efforts with U.S. shale oil producers to constrain their output and raise […]

Adani Group faces Sebi scrutiny; show-cause notices issued to 6 firms

Six Adani Group firms have come under the Securities and Exchange Board of India (Sebi) lens and have received show-cause notices for alleged breaches in related party transactions and non-compliance with listing regulations, said the companies in their regulatory filings to the stock exchanges. Among these, Adani Enterprises, the flagship of Gautam Adani’s business empire, […]