Spirit Airlines layoffs in motion: US airline operator to furlough 365 pilots; move to cut $100 million in pilot costs

Spirit Airlines announced on Thursday its decision to furlough 365 pilots and downgrade the status of up to 170 pilots in the first quarter of 2026, as part of a broader workforce reduction strategy amid ongoing restructuring efforts.The ultra-low-cost carrier, which filed for bankruptcy for the second time in a year this past August, informed…

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Gold rates hit record highs! Prices hit $4,379.93 per ounce; US credit worries, China tensions fuel safe-haven rush

Gold soared to record levels as renewed concerns over US credit quality and escalating US-China tensions drove investors toward safe-haven assets.Gold surged 1.2 per cent to $4,379.93 per ounce on Friday, heading for its biggest weekly gain since 2008 and extending a rally that began in August. The surge was underpinned by expectations of steep…

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RBI moves lift Re by 26p to 87.82 vs $

MUMBAI: The rupee gained 26 paise to close at 87.82 against the dollar — a month’s high — on Thursday. The domestic currency opened at 87.90, rose to a high of 87.70, and hit an intraday low of 87.93.The local unit has strengthened as strong central bank intervention in the previous session and renewed optimism…

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Mixed bag: Infosys revenue up 3% in Q2, Wipro’s declines 3%

Bengaluru: Infosys and Wipro’s Sept quarter performance reflects a subdued demand environment, ongoing tariff uncertainties, and cautious discretionary spending by clients, with vendor consolidation and cost efficiency continuing as dominant themes.Infosys’ revenue grew 2.2% sequentially and 2.9% year-on-year in constant currency, while Wipro’s revenue increased 0.3% sequentially but declined 2.6% year-on-year.In dollar terms, Infosys posted…

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US markets today: Stocks rise led by Nvidia and AI gains; volatility keeps investors cautious

US stocks ticked higher on Thursday as technology shares rallied following signs of strong demand in the artificial-intelligence (AI) sector. The S&P 500 rose 0.3%, the Dow Jones Industrial Average added 116 points or 0.3%, and the Nasdaq gained 0.5%, though markets remained choppy throughout the week, AP reported.Tech stocks led gains after Taiwan Semiconductor…

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India drives 85% of transactions through UPI; DPPs boost financial inclusion: RBI Governor

India processes around 85 per cent of its digital payments via the Unified Payments Interface (UPI), making the country a leading example of inclusive, secure, and scalable Digital Public Platforms (DPPs), Reserve Bank Governor Sanjay Malhotra said.Speaking at the “High-Level Dialogue on Forging Economic Resilience through Digital Public Platforms” organised by the RBI on the…

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