Latest news with #PunitGoenka
Economic Times
4 days ago
- Economic Times
Mumbai-bound Ethiopian Airlines' Dreamliner makes emergency landing after mid-air depressurisation; 7 fall ill
Getty Images Representative Image. In what was another scare in the skies for the passengers, an Ethiopian Airlines flight headed to Mumbai from Addis Ababa was forced to make an emergency landing in the city at 1:42 am on Friday after a cabin depressurisation incident occurred mid-air, The Times of India reported incident took place aboard flight ET640, operated by a Boeing 787 Dreamliner (registration ET-AXS), while cruising at 33,000 feet over the Arabian Sea. The aircraft experienced a loss of cabin pressure, prompting the pilots to execute a rapid descent to a safer altitude, according to data from Flightradar24. "On landing, seven passengers were attended to by the airport medical team for decompression-related symptoms, out of which one required hospitalisation," a source told TOI. This is the second such incident reported in less than a week. On June 23, eleven people, including six crew members, felt unwell on board an Air India Boeing 777 flying from London Heathrow to Mumbai. The airline has launched a probe into that depressurisation refers to the loss of air pressure inside the aircraft cabin. Commercial aircraft fly at altitudes where natural oxygen levels are too low for humans to survive. To ensure safety, the cabin is sealed and pressurised using air from the engines, which is cooled and mixed with fresh oxygen to maintain breathable conditions. If this system fails due to a technical fault or structural issue, the air pressure inside the cabin drops suddenly, leading to potential symptoms such as dizziness, nausea, shortness of breath, or loss of consciousness. In such events, oxygen masks automatically deploy from overhead compartments to help passengers breathe until the aircraft descends to a safer altitude. The latest emergency also comes at a time when India's aviation sector is already on alert following a fatal crash earlier this month involving an Air India Dreamliner aircraft. The Directorate General of Civil Aviation (DGCA) has since intensified safety audits and unplanned inspections across airline fleets and airports. (With inputs from TOI) (Join our ETNRI WhatsApp channel for all the latest updates) Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. The bike taxi dreams of Rapido, Uber, and Ola just got a jolt. But they're winning public favour Second only to L&T, but controversies may weaken this infra powerhouse's growth story Punit Goenka reloads Zee with Bullet and OTT focus. Can he beat mighty rivals? 3 critical hurdles in India's quest for rare earth independence HDB Financial may be cheaper than Bajaj Fin, but what about returns? Why Sebi must give up veto power over market infra institutions These large- and mid-cap stocks can give more than 23% return in 1 year, according to analysts Are short-term headwinds from China an opportunity? 8 auto stocks: Time to be contrarian? Buy, Sell or Hold: Motilal Oswal initiates coverage on Supreme Industries; UBS initiates coverage on PNB Housing
Economic Times
5 days ago
- Business
- Economic Times
OpenAI turns to Google's AI chips to power its products: The Information
Reuters OpenAI has recently begun renting Google's artificial intelligence chips to power ChatGPT and other products, The Information reported on Friday, citing a person involved in the arrangement. The move, which marks the first time OpenAI has used non-Nvidia chips in a meaningful way, shows the Sam Altman-led company's shift away from relying on backer Microsoft's data centres, potentially boosting Google's tensor processing units (TPUs) as a cheaper alternative to Nvidia's graphics processing units (GPUs), the report said. As one of the largest purchasers of Nvidia's GPUs, OpenAI uses AI chips to train models and also for inference computing, a process in which an AI model uses its trained knowledge to make predictions or decisions based on new information. OpenAI hopes the TPUs, which it rents through Google Cloud, will help lower the cost of inference, according to the report. However, Google, an OpenAI competitor in the AI race, is not renting its most powerful TPUs to its rival, The Information said, citing a Google Cloud employee. Both OpenAI and Google did not immediately respond to Reuters requests for comment. OpenAI planned to add Google Cloud service to meet its growing needs for computing capacity, Reuters had exclusively reported earlier this month, marking a surprising collaboration between two prominent competitors in the AI sector. For Google, the deal comes as it is expanding external availability of its in-house TPUs, which were historically reserved for internal use. That helped Google win customers including Big Tech player Apple as well as startups like Anthropic and Safe Superintelligence, two OpenAI competitors launched by former OpenAI leaders. Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. The bike taxi dreams of Rapido, Uber, and Ola just got a jolt. But they're winning public favour Second only to L&T, but controversies may weaken this infra powerhouse's growth story Punit Goenka reloads Zee with Bullet and OTT focus. Can he beat mighty rivals? 3 critical hurdles in India's quest for rare earth independence HDB Financial may be cheaper than Bajaj Fin, but what about returns? Why Sebi must give up veto power over market infra institutions These large- and mid-cap stocks can give more than 23% return in 1 year, according to analysts Are short-term headwinds from China an opportunity? 8 auto stocks: Time to be contrarian? Buy, Sell or Hold: Motilal Oswal initiates coverage on Supreme Industries; UBS initiates coverage on PNB Housing
Time of India
5 days ago
- Business
- Time of India
Punit Goenka reloads Zee with Bullet and OTT focus. Can he beat mighty rivals?
While the battle for eyeballs is intensifying, Zee is playing the long game — and for now, investors are watching with renewed interest. (Originally published on Jun 26, 2025, 05:00 AM IST ) For much of the past decade, Zee Entertainment was a horror show for investors – a failed merger, sliding profitability, challenges from evolving technology and intense competition. When many had thrown in the towel, Punit Goenka from the founding family is back, not promising the moon, but a win in the competitive arena. The stock surged nearly 10% on Monday, hitting INR146.80 — a rare high point for CEO and promoter Goenka, who's been under
Economic Times
6 days ago
- Business
- Economic Times
Europe trips could burn a bigger hole in your pocket as rupee near all‑time low against the euro
Agencies The rupee has fallen to its lowest level ever against the euro, making trips to Europe more expensive for Indian travellers, adding to rising costs for accommodation, meals and transport. Higher airfares and longer flight times caused by airspace restrictions because of the Israel‑Iran conflict has also made travel more challenging and costly as carriers adjust to new flight paths and fuel trend comes at a time when more Indians are choosing Europe for summer and year‑end trips. The rupee hit a record low of Rs 100.48 per euro on June 25, 2025. The rate dipped slightly to Rs 100.32 on June 26, but remains near its highest level ever, making accommodation, meals, sightseeing and transport costlier across Europe. The rupee has weakened sharply over the past decade. In 2015, one euro was Rs 72.12. By 2020, it rose to Rs 84.64, and by 2023, Rs 89.20. In 2024, it crossed Rs 90.55, and in June 2025, it surged past Rs 100 for the first time. The trend has been sharp in recent weeks. In the last week of April, one euro cost Rs 95.48. By early June, it rose to Rs 97.75. On June 23, 2025, the rupee crossed the Rs 100 mark against the euro for the first time, hitting an all‑time low. On June 25, it peaked at Rs 100.48. The rate was Rs 100.32 a day later, reflecting slight easing. More Indians travel despite rising costs Even as the euro becomes more expensive, more Indians are visiting Europe. According to Schengen visa data, over 1.3 million visa applications came from India in 2023, making it one of the top three source countries. Travel agents say growing income levels and interest in international holidays are keeping demand strong despite the rising conversion rate. 'People are still making trips despite the higher rate. They're choosing shorter trips or selecting more affordable accommodation, but Europe remains popular,' said a Mumbai‑based travel operator. Overtourism adds pressure The rise in visitor numbers has led to overtourism concerns across Europe. Cities like Venice, Barcelona and Amsterdam have introduced tourist taxes and tighter regulations. Venice now charges an entry fee for day‑trippers, and Barcelona has restricted short‑term rentals in certain Spain, rising tourist numbers have sparked protests in popular cities and islands. Residents in Barcelona, Mallorca and the Canary Islands have held rallies and put up signs complaining about overtourism, rising rents and pressure on local infrastructure. They have called for stricter rules, tourist caps and higher taxes to balance the benefits of tourism with the needs of local communities. With the rupee at its weakest point and popular destinations imposing new restrictions, trips to Europe are expected to remain challenging and costly for Indian travelers throughout the year. (Join our ETNRI WhatsApp channel for all the latest updates) Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. Punit Goenka reloads Zee with Bullet and OTT focus. Can he beat mighty rivals? 3 critical hurdles in India's quest for rare earth independence HDB Financial may be cheaper than Bajaj Fin, but what about returns? INR1,300 crore loans for INR100? Stamp duty notice to ArcelorMittal, banks. Stock Radar: Titan Company breaks out from 3-month consolidation; check target & stop loss for long positions For risk-takers: More than bullish, be selective; 5 mid-cap stocks from different sectors with an upside potential of up to 38% Multibagger or IBC - Part 12: If transition is successful then there is no limit. But there is a big 'IF' These mid-cap stocks with 'Strong Buy' & 'Buy' recos can rally over 25%, according to analysts
Economic Times
7 days ago
- Business
- Economic Times
Pine Labs files for Rs 2,600 crore IPO; Peak XV, PayPal to pare holdings
Agencies Pine Labs has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi), marking its intent to go public with a Rs 2,600 crore fresh issue and an offer for sale (OFS) of up to 147.8 million shares. The Noida-based merchant commerce firm is backed by some of the biggest names in global fintech investing. Peak XV Partners (formerly Sequoia India), Temasek's Macritchie Investments, PayPal, Mastercard, Invesco, Actis, and Madison India are among the investors looking to partially exit through the OFS. Cofounder Lokvir Kapoor is also offloading a portion of his stake. ET had reported on June 11 that Pine Labs was preparing to file its DRHP by the end of the month. Peak XV will sell the largest chunk at nearly 39 million shares. PayPal is selling over 11.5 million shares, while Mastercard and Temasek are trimming about 10 million shares and 14.8 million shares, Labs has also enabled a pre-IPO placement of up to Rs 520 crore, which, if executed, will reduce the fresh issue company recently merged its Singapore entity into the Indian arm ahead of the IPO. It plans to list on the BSE and NSE. Axis, Morgan Stanley, Citi, JP Morgan, and Jefferies are the lead managers to the offer. Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. Punit Goenka reloads Zee with Bullet and OTT focus. Can he beat mighty rivals? 3 critical hurdles in India's quest for rare earth independence HDB Financial may be cheaper than Bajaj Fin, but what about returns? INR1,300 crore loans for INR100? Stamp duty notice to ArcelorMittal, banks. Stock Radar: Titan Company breaks out from 3-month consolidation; check target & stop loss for long positions For risk-takers: More than bullish, be selective; 5 mid-cap stocks from different sectors with an upside potential of up to 38% Multibagger or IBC - Part 12: If transition is successful then there is no limit. But there is a big 'IF' These mid-cap stocks with 'Strong Buy' & 'Buy' recos can rally over 25%, according to analysts
