New Delhi, Dec 09 (ANI): Full-service carrier Vistara signed a codeshare agreement with Lufthansa to strengthening their existing interline partnership. The two airlines are planning to soon expand the scope of the agreement, enabling frequent fliers of both airlines to earn miles and points when travelling on each other's networks. As part of the agreement, Lufthansa will add its 'LH' designator code to nearly 18 Vistara-operated flights every day covering 10 Indian cities New Delhi, Ahmedabad, Bengaluru, Chennai, Goa, Hyderabad, Kolkata, Kochi, Mumbai and Pune. Both airlines have an interline and through check-in agreement under which customers can seamlessly connect from Vistara-operated domestic flights in India to Lufthansa-operated flights to both of its hubs in Frankfurt, Munich and beyond. Using the through check-in facility, customers get their boarding passes at the first point of departure for all the travel sectors, both domestic and international, with their baggage checke

Vistara, Lufthansa sign codeshare pact to cement interline agreement

The two-wheeler giant had only 14 per cent of the electric two-wheeler market in May this year, but its 26.8 per cent in December

The Competition Commission of India (CCI) has approved Murugappa family affiliate Mavco Investments and Avenue Capital Group's proposal to acquire Germany-based MHM Holding.
MHM Holding is the parent company of Hubergroup, a global player in the printing ink and chemicals industry. It has global footprint in growth markets such as Asia and India.
The New York-headquartered Avenue Capital Group through its arm, Avenue India Emergence Pte, while Mavco Investments, a private investment vehicle belonging to select members of the Murugappa family, is acquiring a stake in MHM Holding.
"Pursuant to the share purchase agreement (SPA) executed between MHM Beteiligungsgesellschaft mbH and MHM Vermogensverwaltungs GmbH (the sellers), Avenue and Mavco had agreed to be severally responsible to acquire 100 per cent of the shares in MHM Holding GmbH (target) from the sellers," a notice submitted with the CCI said.
Subsequently, Avenue and Mavco would incorporate a joint venture company (to be ...

MHM Holding is the parent company of Hubergroup, a global player in the printing ink and chemicals industry. It has global footprint in growth markets such as Asia and India

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The Reserve Bank on Thursday announced the setting up of an eight-member committee to develop a framework for responsible and ethical enablement of artificial intelligence (FREE-AI) in the financial sector.
Headed by IIT Bombay professor Pushpak Bhattacharyya (Department of Computer Science and Engineering), the panel will assess the current level of adoption of AI in financial services, globally as well as in India.
It will also review regulatory and supervisory approaches on AI with focus on the financial sector globally.
The panel will also identify potential risks associated with AI, if any, and recommend an evaluation, mitigation and monitoring framework and consequent compliance requirements for financial institutions, including banks, NBFCs, FinTechs, PSOs, etc.
The committee will recommend a framework including governance aspects for responsible, ethical adoption of AI models / applications in the Indian financial sector, the RBI said.
The other members of the panel are: .

The committee will recommend a framework including governance aspects for responsible, ethical adoption of AI models / applications in the Indian financial sector

Senior bureaucrat Arunish Chawla on Thursday took charge as the Secretary, Department of Revenue.
A 1992-batch Indian Administrative Service (IAS) officer of the Bihar cadre, Chawla served as the Secretary in the Department of Pharmaceuticals in the Ministry of Chemicals and Fertilisers since November 1, 2023.
On Wednesday, the Appointments Committee of the Cabinet appointed Chawla as the Revenue Secretary.
A doctorate in Economics from the London School of Economics, Chawla served as the Managing Director of the Metro Rail Project Patna; and on Foreign Assignment through Department of Economic Affairs as the Senior Economist, International Monetary Fund; Minister (Economic), Embassy of India in Washington DC; and also as Joint Secretary in the Department of Expenditure, Ministry of Finance, the finance ministry statement said.

A 1992-batch Indian Administrative Service (IAS) officer of the Bihar cadre, Chawla served as the Secretary in the Department of Pharmaceuticals in the Ministry of Chemicals and Fertilisers

A PIL filed in the Supreme Court on Thursday sought to scrap the TDS system calling it "arbitrary and irrational" and violative of various fundamental rights, including equality.
The PIL challenged the tax deducted at source or TDS framework under the Income Tax Act, which mandates the deduction of tax at the time of payment by the payer and its deposit with the income tax department. The deducted amount is adjusted against the payee's tax liability.
The plea filed by lawyer Ashwini Upadhyay through advocate Ashwani Dubey, made the Centre, ministry of law and justice, law commission, and NITI Aayog as parties.
It sought a direction to "declare the TDS system manifestly arbitrary, irrational and against Articles 14 (right to equality), 19 (right to practice profession) and 21 (right to life and personal liberty) of the Constitution, hence void and inoperative".
The plea further sought directions to the NITI Ayog to consider contentions raised in the plea and suggest necessary change

The PIL challenged the tax deducted at source or TDS framework under the Income Tax Act, which mandates the deduction of tax at the time of payment by the payer

The move could benefit tens of millions of taxpayers, especially city dwellers burdened by high living costs, if they opt for a 2020 tax system that strips exemptions like housing rentals

The steel ministry believes that a higher import duty, if implemented, could mitigate the adverse effects of a rise in cheaper imports of finished steel, particularly from China

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Blend launches Blend Studio: AI tool for ecommerce photography

New Delhi [India], March 16 (ANI/PNN): Blend, an AI-powered design and photography application for DTC brands and ecommerce sellers, recently launched Blend Studio - the Chat GPT for product photos.

Celebrity and Travel Photographer Rahul Lokare from Flamingo Productions creates waves of change in the world of photography.

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Vistara, Lufthansa sign codeshare pact to cement interline agreement

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