Sunday, December 22

Tag: disruptions

Worst is behind us, we have stabilised operations: Vistara CEO
11Apr By adminNo Comments
Business

Worst is behind us, we have stabilised operations: Vistara CEO

NEW DELHI: "The worst is behind us and we have stabilised our operations," Vistara CEO Vinod Kannan said Thursday. The airline had seen severe flight disruptions at the start of the month due to reasons like inhumane rostering that pilots protested by reporting sick en masse. In an internal communication to employees, Kannan said: "(Reasons for disruptions seen recently included) ATC delays, bird hits, and maintenance activities...We were stretched in our pilot rosters and there was not enough resilience to withstand injects that we would otherwise have weathered. We could and should have planned better. This has been a learning experience for us..." Unlike the merger of AIX Connect (erstwhile AirAsia India) with Air India Express, which has been smooth as the former's employees realise t...
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New Yelp Has Earned Its Extra Stars
22Dec By adminNo Comments
Money

New Yelp Has Earned Its Extra Stars

Buying growth is rarely a cheap concept, especially for small tech companies that lack the pocketbooks of their much larger peers. Yelp knows this well. Founded 19 years ago as a pioneer in the field of online reviews for local businesses, Yelp has established an Internet advertising business now generating more than $1.2 billion a year in revenue. That is a 10-fold increase from when the company went public in 2012—and about what Google generates in ad revenue every two days. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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For Warner-Paramount, Streaming Consolidation Is Easier Said Than Done
21Dec By adminNo Comments
Money

For Warner-Paramount, Streaming Consolidation Is Easier Said Than Done

Dec. 21, 2023 11:23 am ETIn the current Hollywood rumor mill, one thing remains certain: Streaming consolidation will be a lot easier said than done. Warner Bros. Discovery combining with Paramount Global is the latest pitch. The Wall Street Journal and other media outlets reported late Wednesday that Warner Chief Executive David Zaslav met with Paramount Chief Bob Bakish earlier this week to discuss a possible deal. No formal talks are yet under way, and the news comes just a couple of weeks after reports that Paramount’s controlling shareholder, Shari Redstone, was talking about a potential deal with an investor group led by Skydance Media. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Vodafone Shares Rise After Iliad Group Proposes Merger of Italian Operations
18Dec By adminNo Comments
World

Vodafone Shares Rise After Iliad Group Proposes Merger of Italian Operations

Updated Dec. 18, 2023 3:59 am ETShares of Vodafone Group rose 4.6% after Iliad Group said that it has put forward a proposal to the company to merge their Italian businesses in a deal that values Vodafone Italia at 10.45 billion euros ($11.38 billion).The European telecom company said Monday that it is planning to create a new company jointly owned with Vodafone that will combine their Italian businesses.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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SenseTime Shares Fall on News of Death of Billionaire Founder
18Dec By adminNo Comments
World

SenseTime Shares Fall on News of Death of Billionaire Founder

Dec. 17, 2023 10:05 pm ETSenseTime Group’s shares fell sharply on news of the death of its founder and controlling shareholder.Shares of the artificial intelligence software company dropped 11% to 1.11 Hong Kong dollars (14 U.S. cents) early Monday, on track for its largest daily drop since early July and taking their year-to-date loss to 49%.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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