Bloomberg Pursuits' Hannah Elliott discusses Mercedes-Benz pulling out of New York Fashion Week. She speaks with Bloomberg's Betty Liu on "Bloomberg Markets."

Is New York Fashion Week going out of style?

Air India Express' inaugural four-hour flight from Surat in Gujarat to Thailand capital Bangkok saw good sales of liquor onboard, with some passengers claiming the stock ran out.
The flight, operated with a Boeing 737-8 aircraft on Friday, had 175 passengers and six crew members onboard. The passenger capacity of the plane is 176.
Liquor consumption is prohibited in Gujarat.
Officials of the budget airline on Sunday said there were brisk sales of alcohol on the flight from Surat to Bangkok and the stock was not exhausted, as claimed by some on social media.
Some passengers had taken to social media, saying the airline ran out of liquor.
There was sufficient stock of liquor as well as food onboard, the officials added.
There was no official statement from the Tata Group-owned Air India Express.
According to the officials, generally, a passenger is not served more than 100 ml of liquor during a flight.
The airline offers five types of liquor onboard.
A 50 ml of Chivas Regal is p

The flight, operated with a Boeing 737-8 aircraft on Friday, had 175 passengers and six crew members onboard

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A group of people claiming to be members of Osmania University Joint Action Committee on Sunday vandalised flower pots and other items at the residence of top Telugu actor Allu Arjun here, demanding justice to the woman who died in 'Pushpa-2' screening stampede.
Chief Minister A Revanth Reddy condemned attack and directed the state Director General of Police and the city police commissioner to be tough in maintaining law and order.
Police in a release said that one of the protesters who arrived at Allu Arjun's house, mounted the compound wall and started throwing tomatoes.
When the security staff objected and persuaded them to get down from the wall, they manhandled the security staff and damaged some flower pots, the release said.
The protesters raised slogans for a while and spoke to the media waiting at the gate, it said.
When they were informed, Jubilee Hills Police reached the place and took six people into custody.
A case has been registered against the six and a few others

A case has been registered against the six and a few others who were involved in the vandalism

The CII pointed out that despite being successful, the PSL framework required recalibration to stay relevant

The GST Council, in its meeting on Saturday, is likely to decide on reducing tax rates on life and health insurance premiums, but a decision on big-ticket rate rationalisation, including a higher tax on sin goods, may be deferred.
The GoM on GST rate rationalisation had proposed rate rejigs in 148 items in its recommendations, but sources said that consensus is needed to be built on some of the tax changes that the panel has suggested and some more time may be needed for that.
The 55th meeting of the GST Council, chaired by Union Finance Minister Nirmala Sitharaman and comprising state counterparts, is also likely to deliberate on bringing Aviation Turbine Fuel (ATF), a major component for airline industry's operation cost, in the Goods and Services Tax (GST) fold.
The GST rate is also proposed to be cut on food delivery platforms like Swiggy and Zomato, to 5 per cent (without input tax credit), from the current 18 per cent (with ITC).
However, the Fitment Committee (comprising tax

Also, the Group of Ministers (GoM) on GST compensation cess is likely to get a six month extension till June, 2025, to submit its report. The compensation cess regime comes to an end in March, 2026

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Is New York Fashion Week going out of style?

Bloomberg Pursuits' Hannah Elliott discusses Mercedes-Benz pulling out of New York Fashion Week. She speaks with Bloomberg's Betty Liu on "Bloomberg Markets."

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