Flights of the only state-owned fixed wing aircraft airline — Alliance Air (AA) — were disrupted on Monday with a large number of pilots reporting sick. The cash-strapped regional airline, which is going to be sold off soon, has been facing pilot discontent as they allege not being paid as per agreement.

"Almost 100 pilots, representing over 80% of Alliance AI’s total pilot strength, have reported sick. Over 60% departures have been cancelled," said sources. The airline did not say how many pilots reported sick Monday.

An AA spokesperson admitted the airline on Monday witnessed "certain disruption of flights due to operational reasons. The unforeseen disruption in logistic chain is directly impacting timely availability of spares restricting the airline to fly aircraft due to safety reasons combined with a section of dissatisfied pilots who en masse reported sick without giving any prior intimation… resulted in cancellation of flight operation on 24 routes."

willingness to co-develop a new engine that will not be based on the Eurojet EJ200, a low-bypass turbofan used as the powerplant of the Eurofighter Typhoon. The EJ200 was developed by four companies under a multi-national engine manufacturing consortium.

Even though the EJ200 engine can be used to create an engine in the 110-120kN class to power India’s 5th Gen AMCA (Advanced Medium Combat Aircraft) programme, EuroJet Turbo GmbH is the owner of the Intellectual Property (IP) rights to this engine.

Layoffs 2023: Amplitude, an American public company that develops digital analytics software, has laid off 99 employees, which accounts for 13 per cent of its workforce, amid tough macroeconomic environment.

Amplitude co-founders Spenser Skates, Curtis Liu, and Jeffrey Wang sent an email announcing the decision to reduce the company’s global team by 13 per cent on the morning of April 5.

Repo rate remains unchanged at 6.5%-Decision to pause rate hikes is for this meeting only 3 FY24 GDP growth estimate at 6.5%-Inflation has softened, but remains above tolerance level-Headline inflation expected to moderate in 2023-24

Repo rate remains unchanged at 6.5%

Decision to pause rate hikes is for this meeting only 3 FY24 GDP growth estimate at 6.5%

The Monetary Policy Committee (MPC) of the Reserve Bank of India will on April 6 make its first announcement of FY24. Market expectations are for a 25 basis increase in the repo rate, the rate at which RBI lends to the commercial banks. One basis point is one-hundredth of a percentage

The MPC, in the current rate hike cycle starting in May 2022, has hiked the repo rate by 250 basis points, taking the policy rate to 6.5 percent.

A majority of MPC members, in the last 4-5 meetings, agreed on the rate raises to keep inflation under check. Jayanth Varma is the sole member who voted for a rate pause in the last couple of meetings.