Air India Chief Executive Officer Campbell Wilson has resigned, people familiar with the matter said, as the Tata Group -owned carrier confronts record losses and operational setbacks. Wilson, whose contract runs until mid-2027, will remain in place during the transition period, the people said, asking not to be identified discussing information that is private. Tata Sons Pvt. , the group’s main h...
Air India Chief Executive Officer Campbell Wilson has resigned, people familiar with the matter said, as the Tata Group -owned carrier confronts record losses and operational setbacks. Wilson, whose contract runs until mid-2027, will remain in place during the transition period, the people said, asking not to be identified discussing information that is private. Tata Sons Pvt. , the group’s main holding company, will be discussing potential CEO candidates on April 16 and expected to finalize the next leader at the Air India board meeting in May, they added. Air India and Tata Sons did not immediately respond to requests for comment. “It is not appropriate for me to comment on this speculation,” Wilson said in an email response to Bloomberg News. His resignation was first reported by the Mint newspaper on Monday night. Wilson’s exit comes at a critical financial juncture. Air India is expected to post its largest-ever annual loss , dragged down by integration expenses from the Vistara merger and persistent reliability issues. Despite ambitious fleet expansion plans, the airline has struggled to lift yields and improve service to desired levels. The carrier is also under pressure from external shocks: a deadly crash last year, rising costs from Pakistan’s ban on Indian carriers using its airspace, and surging jet fuel prices. Longer routes and higher costs have eroded competitiveness, while rivals face similar turbulence. Air India continues to struggle due to conflict in the Middle East that has made flying routes to Europe and the US even longer. Aviation Strain IndiGo’s CEO Pieter Elbers resigned last month, underscoring the strain across India’s aviation sector. The Tata Group had started scouting for a new Air India CEO, with Chandrasekaran holding initial discussions with potential candidates as the conglomerate grew impatient with the carrier’s slow recovery, Bloomberg News reported in January. Read More: Air India Kicks Off Search to Replace CEO Amid Persisten...
Nigeria doubled crude supply to Dangote Refinery in March as Africa’s top oil producer moved to shore up fuel availability after the Iran war disrupted Middle East shipments. The refinery received up to 10 cargoes of crude from the state-owned Nigerian National Petroleum Co., Aliko Dangote , who controls the continent’s largest crude processing plant, told reporters at a briefing on Monday. “Last ...
Nigeria doubled crude supply to Dangote Refinery in March as Africa’s top oil producer moved to shore up fuel availability after the Iran war disrupted Middle East shipments. The refinery received up to 10 cargoes of crude from the state-owned Nigerian National Petroleum Co., Aliko Dangote , who controls the continent’s largest crude processing plant, told reporters at a briefing on Monday. “Last month, they gave us six cargoes for naira and four cargoes for dollars,” Dangote said. The increased supply underscores Nigeria’s push to secure domestic fuel availability after the US-Israel attack on Iran disrupted global supply chains. At full capacity, the Dangote refinery can meet domestic demand and have enough to export. The facility had been receiving an average of five cargoes a month since October 2024, when the NNPC and Dangote signed a deal in which the state energy firm agreed to supply crude to the plant to be paid for in naira. Still, the March shipments fall short of the 19 cargoes that Dangote Refinery says it needs to operate at full capacity. The company supplements the shortfall with imports of crude from the US and other African countries. Iran War Fuel-Price Shock Is Catching Up With African Nations Dangote Faces Demand Surge as War Hinders Africa Fuel Supply The Billionaire Who Won Nigeria’s Battle for Fuel: Next Africa While supply from the NNPC has improved, Dangote said that volumes from international oil companies operating in Nigeria have not increased. The overseas firms prefer selling crude to traders, Dangote said, which leads to the refinery repurchasing supplies from them at a higher cost. “The higher we pay, the higher the cost of petroleum products will be, because we have to pass on the cost,” he said. Many Africa nations have come to rely on the refinery for their petroleum products since the start of conflict in the Persian Gulf, Dangote said. In March, the refinery shipped about 17 cargoes to other African countries, he said. The compa...
(RTTNews) - Mitsubishi Heavy Industries, Ltd. (7011.T), a diversified industrial group, on Tuesday announced that its U.S. subsidiary, Crystal Mover Services, Inc., has secured a contract to renovate and upgrade the ATL SkyTrain automated people mover system at Hartsfield-Jackson
(RTTNews) - Mitsubishi Heavy Industries, Ltd. (7011.T), a diversified industrial group, on Tuesday announced that its U.S. subsidiary, Crystal Mover Services, Inc., has secured a contract to renovate and upgrade the ATL SkyTrain automated people mover system at Hartsfield-Jackson
All_About_Najmi/iStock via Getty Images As the Centers for Medicare & Medicaid Services announced that the average Medicare Advantage payments will be boosted by 2.48% in 2027 , major healthcare insurers sharply moved higher in after-hours trading on Monday. The CMS payment rate is closely watched by the market and dictates how much insurers can charge for monthly premiums and benefits, directly i...
All_About_Najmi/iStock via Getty Images As the Centers for Medicare & Medicaid Services announced that the average Medicare Advantage payments will be boosted by 2.48% in 2027 , major healthcare insurers sharply moved higher in after-hours trading on Monday. The CMS payment rate is closely watched by the market and dictates how much insurers can charge for monthly premiums and benefits, directly influencing their profitability. Previously in January, the administration had proposed a much smaller 0.09% hike, which had pressured insurers’ stocks. With a shift in sentiment translating to stock levels, Quant ratings provide a snapshot of which insurance provider names are screening strongest. Here is the list: HealthEquity ( HQY ), Quant Rating: 3.57 Centene Corporation ( CNC ), Quant Rating: 3.38 (up 4.3% after-hours on Monday) Alignment Healthcare ( ALHC ), Quant Rating: 3.30 (up 12.5% after-hours on Monday) UnitedHealth Group ( UNH ) , Quant Rating: 3.32 (up 7.8% after-hours on Monday) Progyny ( PGNY ), Quant Rating: 3.08 (up 1.1% after-hours on Monday) Elevance Health ( ELV ), Quant Rating: 2.97 (up 6.7% after-hours on Monday) Humana ( HUM ), Quant Rating: 2.78 (up 11% after-hours on Monday) Molina Healthcare ( MOH ), Quant Rating: 2.61 (up 3.8% after-hours on Monday) ETFs to track: ( IXJ ), ( VHT ), ( XBI ), ( XLV ), ( RSPH ) ( KIE ), ( IAK ). More on insurers UnitedHealth: Why It's Still Not Too Late To Buy The Turnaround The Quiet Turnaround In UnitedHealth AGI Bust, AI Boom: Why AI's Winners And Losers Aren't Who You Think Insurance stocks jump on Medicare Advantage rate boost: Humana, UnitedHealth, lead gains Insurers to receive extra $18B as Medicare overhauls Star Ratings system
Vietnam’s Communist Party boss To Lam was elected president by the National Assembly on Tuesday, capping his bid to centralise authority in a nation where senior cadres have traditionally governed collectively. In less than two years as party chief, the 68-year-old has swept aside rivals and transformed the country through an aggressive reform drive – literally redrawing the map as he combined pro...
Vietnam’s Communist Party boss To Lam was elected president by the National Assembly on Tuesday, capping his bid to centralise authority in a nation where senior cadres have traditionally governed collectively. In less than two years as party chief, the 68-year-old has swept aside rivals and transformed the country through an aggressive reform drive – literally redrawing the map as he combined provinces and slashed bureaucracy. Lam has set an ambitious target of 10 per cent annual growth for the...
IMF head warns Middle East war will lead to higher inflation and slower global growth Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. Oil prices continued to climb on Tuesday above $110 a barrel amid a deadline imposed by Donald Trump for Iran to open the strait of Hormuz or be “taken out,” with the US president threatening to order attac...
IMF head warns Middle East war will lead to higher inflation and slower global growth Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. Oil prices continued to climb on Tuesday above $110 a barrel amid a deadline imposed by Donald Trump for Iran to open the strait of Hormuz or be “taken out,” with the US president threatening to order attacks on Iranian power plants and bridges. The markets are back on a Trump-imposed countdown clock. To use a sporting analogy, it’s red time, and the result could go either way. Like a fortnight ago when the first threats from the Trump administration to attack Iranian power plants and other infrastructure were made, the markets are plonked at a crossroad, facing a binary outcome, at least in the short term. Either the attacks happen, marking a possibly catastrophic escalation where regional energy assets and civilian infrastructure across the Gulf is considered fair game. In such an instance, the energy complex jumps, pushing the US Dollar and global yields higher, and equities and non-yielders like gold lower. Or there’s a backdown, even better, a ceasefire, and the markets stage an epic relief rally, where a plunge in oil takes yields and the US Dollar with it, and equities and gold rip. 8.45am-9am BST: Italy, France, Germany, eurozone S&P Global PMIs (final) for March 9am BST: UK new car sales for March 9.30am BST: UK S&P Global PMI for March 1.30pm BST: US durable goods for February Continue reading...