http://im.rediff.com/money/2023/jul/20uv.jpg
The flight, carrying 216 passengers and 16 crew, landed safely, the Tata Group-owned private carrier said in a statement Tuesday evening.
Congress leader Rahul Gandhi on Wednesday dubbed the electoral bonds as the 'world's biggest extortion scheme' and alleged that Prime Minister Narendra Modi is the 'champion of corruption'.
Investors shunned shares of Bajaj Finance on Friday, a day after the non-banking financial company (NBFC) reported a sharp contraction in its net interest margin (NIM) for the March quarter of the financial year 2023-24 (Q4FY24). The losses accounted for a fifth of the benchmark S&P BSE Sensex's 609-point loss. Most brokerages have tamed their earnings expectations for the next couple of quarters, after the management said it expected the pressure on NIMs to continue in the near term.
Given the 2024 general elections, it is unlikely that the allegations around electoral bonds, raised by the Opposition, will disappear easily or with a shrug of the BJP's shoulders and fabled 56-inch chest, argues Shyam G Menon.
Indian airline industry is expecting to prune its net losses to Rs 3,000-5,000 crore in this fiscal from an estimated Rs 17,000-17,500 crore in FY2023 on the back of improved yields and stable cost environment, credit ratings agency ICRA said on Tuesday. At the same time, ICRA also estimated that domestic air passenger traffic will expand by 8-13 per cent each in FY2024 and FY2025. The rating agency has also maintained its stable outlook on the industry in view of healthy passenger traffic growth, improved yields and a stable cost environment.
From April 1, when we buy insurance for a car or take out a health cover, insurance companies can offer a product totally customised for us.
'India's specific concerns about whether Russia will be a reliable defense supplier and diplomatic partner in the event of heightened hostilities with China has undoubtedly accelerated the process of US-India defense and intelligence cooperation intended to support Indian military positions along the Line of Actual Control.'
Prime Minister Narendra Modi made a pitch for electing a strong and stable government in an uncertain world beset by geopolitical tensions as the Bharatiya Janata Party on Sunday released its manifesto, prioritising development and welfare while shunning populist measures and contentious issues like the National Register of Citizens (NRC).
'The Congress is trying to reinvent itself -- the caste census demand, OBC emphasis, the anti-corporate thrust, especially on Adani etc -- all this is not standard Congress strategy.'
The July-September quarter results of software companies in the engineering research and development (ER&D) segment were broadly in line with expectations, though there have been cuts in revenue growth guidance. While results were a mixed bag, and there are cautionary views on the near-term outlook, brokerages and global consulting firms highlight the strong growth trajectory for the sector. They expect this segment of the software sector to grow by 8-12 per cent going forward.
The rover will carry out in-situ chemical analysis of the lunar surface during the course of its mobility.
A remarkable story which helped in transforming a bureaucratic organization, to a customer centric organization. This experience may inspire several government / private organizations to modify or adopt digitisation to transform their business, notes Professor N Ravichandran (retd).
In a major clampdown for non-compliance of Listing Agreement, top exchanges BSE and NSE announced suspension of trading in shares of Kingfisher Airlines and another group firm, UB Engineering, from next month.
'The vision now is not just to look at national highways as a number of kilometres, but quality as well.'
At a time when consumers increasingly embrace green mobility solutions, it is not electric cars but hybrids that are taking the lead, as automotive sales data indicate. Since January, 64,097 electric cars have been sold compared to 266,465 hybrids, according to data from the Ministry of Road Transport and Highways' Vahan dashboard. Hybrid car sales have surged from 4.42 per cent of the 4.1 million cars sold in calendar year 2022 to 7.2 per cent this year.
Air India is set to increase capacity on domestic and international routes over the next few months as it overhauls its grounded aircraft. Air India has the approval to operate 2,456 flights per week in the summer schedule. This is more than a 16 per cent increase over 2020. But its international schedule has declined 41 per cent (compared to winter 2019) to 361 weekly departures.
The Central Public Works Department, a prime construction agency of the central government, said the bullet-proof window system of the selected bidder will be sent for testing at the forensic science lab in Gujarat's Gandhinagar.
This measure will ensure that the price of a scrip cannot move upward or downward beyond a limit set for the day.
The defence ministry billed the 615-acre factory as India's largest helicopter-manufacturing facility and it has been planned as a one-stop solution for the country's chopper requirements.
The external environment has worsened further. While the Finnish economy entered into a recession, Swedish economic growth also dipped. The Finnish gross domestic product (GDP) dropped 0.6 per cent in October-December, 2022. It was the second quarter of negative growth, which is a technical definition of recession.
With land acquisition completed and infrastructure work streamlined, India's bullet train dreams are slowly, but finally, inching closer to reality.
The reigning world champion duo of Chen Meng and Wang Yidi gasped in surprise seeing the backhand return of Ayhika Mukherjee, who, in part, engineered India's biggest triumph of the Asian Games thus far.
In Phase 6, indications are that the BJP, which is defending 40 seats, will lose in double digits and gain in single digits. Not good, if you are the ruling party scrambling to earn a working majority, with just one phase left to go, argues Prem Panicker.
The Lok Sabha contest in Thiruvananthapuram is shaping up to be a significant battle involving key candidates like Shashi Tharoor, Rajeev Chandrasekhar, and Panniyan Ravindran. This three-cornered fight highlights the political dynamics in Kerala's capital city, with each candidate bringing their own vision and promises for the region's development, notes Rajeev Srinivasan.
Pirojsha Godrej, 43, patriarch Adi Godrej's son, is set to take over as chairman of the Godrej Industries Group from 2026 whol Nyrika Holkar, Smita Godrej Crishna's 42-year-old daughter, has emerged as the face of the Godrej Enterprises Group.
Despite multiple headwinds at the start of 2023, the Indian markets delivered a strong performance, posting 19-20 per cent growth for the year. Even as new records were set, investor sentiment remains strong going into 2024, given the lower inflation, expectations of steady to lower interest rates, higher economic growth, and strong inflows. However, the overriding concern for most brokerages is valuations.
India's historical focus on its continental borders has overshadowed its maritime ambitions, but that is changing quickly, notes Ajai Shukla.
Prime Minister Narendra Modi will visit Assam and West Bengal to lay the foundation stones of several projects.
Billionaires are not only eyeing a profit as they push mankind out into the stars.
It appears India will be among those nations consigned to being among the watchers and not participants of this crucial phase, observes Aakar Patel.
The 42-day break would give Kohli the time to introspect, and rejuvenate his cluttered mind.
Ultimately quotas kill talent and true meritocracy, argues R Jagannathan.
'Kargil was Pakistan's strategic blunder. India must remain on guard against such sinister operations being launched in future by Pakistan's vengeful and devious military leadership that continues to have a hate-India mindset and the mentality of primitive warlords,' says Brigadier Gurmeet Kanwal (retd).
Cummins India Limited will be investing an estimated $29 million in its plants in Pune to enhance capacity in the mid-range horse power engines to include electronically
In the first dedicated mission of its commercial arm New Space India Limited (NSIL), the Indian Space Research Organisation on Sunday successfully launched Brazil's earth observation satellite Amazonia-1 and 18 other co-passengers, including five built by students, onboard a Polar rocket from the spaceport in Sriharikota.
Around 23 minutes after lift-off, the primary satellite got separated and it was followed by six other co-passenger satellites, which were deployed into the intended orbits sequentially, ISRO said.
Builders in the city must engage only the vehicles fitted with a tracking system for the transportation of construction materials, the guidelines said.
In line with the government's vision of 'Aatmanirbhar Bharat', the ministry of defence on Thursday signed contracts with Indian shipyards for the acquisition of 11 next generation offshore patrol vessels and six next generation missile vessels at a cost of nearly Rs 19,600 crore, officials said.
Public sector giants ONGC, BHEL and GAIL are among the companies short-listed for bidding for majority 51 per cent control of Engineers India Limited, Rajya Sabha was informed on Thursday.