Germany's Lufthansa Group on Friday finalised its acquisition of Italian airline ITA Airways, closing a long period of uncertainty for Italy's former flagship carrier.
Under the 325-million-euro (USD 350 million) deal, Lufthansa takes an initial 41 per cent stake in ITA, formerly Alitalia, from the Italian government, gaining full control by 2033 with a total investment of 829 million euros.
The remaining 59 per cent will initially continue to be held by the Italian Treasury.
This deal was originally announced in May 2023 and was approved by the European Commission following a year-long investigation and with conditions to protect competition. The commission noted that Lufthansa, ITA and its partners, for example, control most routes from Rome and Milan to North America.
Under the deal, the merged company must make it possible for rival airlines to launch non-stop flights between Rome or Milan and central European airports, where competition is limited; make room for rivals on ...

Lufthansa (Photo: Unsplash)

Uttar Pradesh Chief Minister Yogi Adityanath on Friday said that his government has written to the Sardar Vallabhbhai Patel National Police Academy to send officers at the Maha Kumbh in Prayagraj "to study crowd management and other varied aspects" of their duties.
"The one thing that has stood out this time is police behaviour. We deployed young police officers for Maha Kumbh duty after training them. We have also written to the Sardar Vallabhbhai Patel National Police Academy to send young officers here to study crowd management and other varied aspects associated with a mega arrangement of this kind," Adityanath told senior journalists at his 5, Kalidas Marg residence here this evening.
"Where else would they (young officers) get an opportunity of this nature to study so much, learn so much directly on the spot?" he asked.
Adityanath also said most leading global institutions are currently conducting studies and research on various aspects of the Maha Kumbh, which began  in ...

Yogi Adityanath, yogi, UP CM

Delhi weather: Cold wave continues to grip Delhi-NCR, accompanied by icy winds from northern snow-covered regions

Fog, New Delhi Fog, Winter, Delhi Fog

The Government of Odisha's Electronics and IT Department and Singapore's Global Finance  &  Technology Network (GFTN) signed an MoU to establish a Global Competency Centre in Bhubaneshwar to foster FinTech collaboration, with a focus on developing an inclusive and sustainable InsureTech and related areas.The MoU was signed during the official visit of Singapore President Tharman Shanmugaratnam to Odisha on Friday, according to a press release by GFTN. Tharman is on the State Visit to India from January 14 to 18. The initiative marks another positive step commemorating the 60th anniversary of diplomatic relations between India and Singapore in 2025.Commenting on the MoU, Chief Minister Mohan Charan Majhi said, Odisha aims to leverage GFTN's global expertise and resources to drive innovation and create tailored Fintech solutions in the state."Odisha has emerged as a leader in India's IT sector and now aims to diversify its services sector. The state is fostering innovation and ...

Odisha, Singapore MoU event, Odisha CM, Singapore President Tharman, Dharmendra Pradhan

The Federal Trade Commission sued PepsiCo on Friday, alleging that it has engaged in illegal price discrimination by giving unfair price advantages to one big-box retailer at the expense of other vendors and consumers.
The benefiting customer wasn't named in an FTC statement about the lawsuit. But a source familiar with the case, who asked not to be named because they were not authorised to it, said the retailer was Walmart.
PepsiCo said the lawsuit is wrong on the facts and the law and misunderstands the way consumer product companies help retailers provide lower prices.
PepsiCo strongly disputes the FTC's allegations, and the partisan manner in which the suit was filed. We will vigorously present our case in court, the company said in a statement.
The FTC said PepsiCo's practices included making promotional payments to Walmart but not to large grocery chains or independent convenience stores. The FTC said that allows Walmart to lower its prices, but forces Americans to pay inflat

Pepsi

Saif Ali Khan sustained six stab wounds during the assault, which occurred at his Mumbai residence.

Saif ali khan attacker

From Donald Trump's inauguration on Monday to FII selling here are a few reasons that Indian equities are down today

Stock Market, Market, Crash, Funds, up, Stock, Gain, Lost, decline, statistic, Crisis, Capital, BSE, NSE

Revenue for the March quarter was marginally up by 0.5 per cent from the year-ago period to Rs 22,320 crore

Wipro

This figure, accounting for 6.9% of all international students tracked by IRCC, has raised concerns about the effectiveness of Canada's compliance system for international students

Canada

Bajaj Healthcare shares hit a record high of Rs 655 and rallied 17% on the BSE in Friday's intraday trade after it received an exclusive right to make and market Magtein in India, from Threotech

A Teflon resilience in markets that won’t let declines stick

A Teflon resilience in markets that won't let declines stick

Delhi-NCR remains gripped by a severe cold wave, with dense fog reducing visibility to near zero in various parts of the capital

Fog, Winter, Dehradun Fog, Uttarakhand Winter, Uttarakhand Fog

Millions of people across Southern California faced new wildfire warnings on Tuesday, and tens of thousands saw their power shut off as strong winds blew across the parched landscape around Los Angeles where two massive blazes have been burning for a week.
Santa Ana winds that began gusting over the mountains before sunrise were forecast to continue with enough force to carry fire-sparking embers for miles and stoke new outbreaks across a region where at least 24 people have already been killed.
"Life threatening and destructive and widespread winds are already here," LA city Fire Chief Kristin Crowley told a news conference.
Much of Southern California was under an elevated fire risk, with crews on high alert across a 482-kilometre stretch from San Diego to far north of Los Angeles. Facing the greatest risk were inland areas north of LA, including densely populated Thousand Oaks, Northridge and Simi Valley, home to more than 3,00,000 people, forecasters said.
Nearly 90,000 househo

wildfire

South Korea's impeached President Yoon Suk Yeol was detained in a massive law enforcement operation at the presidential compound on Wednesday morning, saying he complied with the warrant after weeks of defiance over attempts to question him in the investigation over his imposition of martial law last month.
In a video message recorded before he was escorted to the headquarters of the anti-corruption agency, Yoon lamented that the "rule of law has completely collapsed in this country". Yoon's lawyers tried to persuade investigators not to execute the detention warrant, saying the president would voluntarily appear for questioning but the agency declined.
The Corruption Investigation Office for High-Ranking Officials said Yoon was brought into custody about three hours after hundreds of law enforcement officers entered the residential compound in the agency's second attempt to detain him, this time without encountering meaningful resistance. A series of black SUVs, some equipped with .

Yoon Suk Yeol, Yoon Suk, South Korea President

Round two of men's and women's singles events will commence on Wednesday

Australian Open 2025 January 15 matches

US officials on Tuesday announced the latest border data, and it suggests the Biden administration is poised to end its term without an expected bump in illegal border crossings.
In December, Customs and Border Protection reported 47,300 illegal border crossings -- a slight elevation from November, when it reported 46,612, approaching the lowest level since July 2020. The first two weeks of January also indicate activity has dropped, with about 45 per cent fewer crossings than in December, according to senior CBP officials who spoke with reporters during a virtual press conference.
Border crossing activity peaked in South Texas, doubling from about 5,000 in November to slightly above 10,000 arrests in December across the Rio Grande Valley region, despite Republican-led efforts to heighten border security through Operation Lonestar.
The number of border arrests in December exceeded the number of people processed for asylum at ports of entry through the CBP One app, which allows ...

infiltration, cross-border infiltration

Dinesh Kumar Saraogi offers expert advisory services to optimize steel projects, enhancing profitability, efficiency, and sustainability using 43 years' experience.

Dinesh Kumar Saraogi

Prime Minister Narendra Modi's "Make in India" campaign has also got lost somewhere in the labyrinths of this bureaucratic maze

chart

l The CMIE data also points to a worrying 57.1 per cent year-on-year decline in the value of government projects completed and a 40 per cent decline in that of the private sector

Budget

Let us look at the data. We find out technically that there was a regime shift in terms of movements in the value of the rupee when it crossed 80 to the dollar in August 2022

Pinarayi Vijayan

Pinarayi Vijayan

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German Lufthansa seals deal to get 41% of ITA Airways, full control by 2033

Send officers to Prayagraj 'to study crowd management': UP govt asks NPA

Frigid winds intensify cold wave in Delhi, dense fog reduces visibility

Odisha, Singapore sign MoU to establish FinTech hub in Bhubaneswar

US lawsuit accuses Pepsi of favouring Walmart over smaller stores

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