The government on Monday announced the implementation of a 5 per cent uniform IGST rate on all aircraft and aircraft engine parts to boost the industry. The decision, which comes into force with immediate effect, marks a significant milestone for the domestic Maintenance, Repair, and Overhaul (MRO) industry, aimed at making India a global aviation hub, an official release said. Earlier, IGST rates on all aircraft and engine parts were ranging from 5 per cent to 28 per cent.
Max Verstappen held off a late charge by McLaren's Lando Norris to win the Emilia Romagna Grand Prix
Analysts are expecting pharmaceutical companies to post sales growth of 10-11 per cent in the second quarter this financial year while the Ebitda (earnings before interest, tax, depreciation, and amortisation) margins are anticipated to improve by about 110 basis points. Ebitda improvement will be led by lower input costs because prices of active pharmaceutical ingredients (APIs) are 5-15 per cent lower year-on-year (Y-o-Y). Axis Capital said sales growth would be around 10 per cent, of which growth in the India market would be 11 per cent or so.
The star-studded TPL auction saw the presence of the tennis icons Leander Paes, Mahesh Bhupathi and Sania Mirza, who gathered together after many years to promote the sport, along with Bollywood celebs Rakul Preet Singh and Sonali Bendre.
Mexican team mate Sergio Perez qualified second fastest in a front row lockout for Red Bull, 15 years after the team took their first win at the Shanghai International Circuit with Sebastian Vettel.
Railtel has entered into an agreement with US-based Pronto Services, which will create facilities at 50 railway stations through Wi-Max technology.
The pole was the 26th of Charles Leclerc's career, and third of the season.
Teledata Informatics Ltd said on Friday it has acquired over 80 per cent stake in London-based I-MAX Networks Ltd through its subsidiary.
Max Verstappen gave himself a perfect 20th birthday present by winning the last Malaysian Grand Prix on Sunday, while Lewis Hamilton stretched his Formula One world championship lead to 34 points.
Lando Norris roared to his second successive pole position, and third in four races, in a McLaren front row sweep with team mate Oscar Piastri
Rohit Sharma closes in on Babar Azam at the top of the ODI rankings for batters
The government on Thursday rolled out the internship programme on a pilot basis that will provide a total annual financial assistance of Rs 66,000 to those in the age group of 21-24 years, and aim to cover one crore youth over five years.
SpiceJet has been most affected by the grounding of 737 Max 8 aircraft as it has 12 of them in its fleet.
The company has entered into a marketing tie-up with the Mumbai-based fashion label Kimaya.
World champion Max Verstappen got back to winning ways on Sunday with a third straight pole-to-flag victory at the Japanese Formula One Grand Prix, leading teammate Sergio Perez across the line for a Red Bull 1-2 at Suzuka.
WiMax Forum, the representative body of WiMax operators, alleged that BSNL had deployed its WiMax services on the frequency division duplex-based spectrum band, which does not conform to international standards for WiMax technology. The forum also sought easier rollout obligations for the successful bidders of BWA spectrum.
In the largest foreign investment in life insurance after the Reliance-Nippon deal last year, Japan's Mitsui Sumitomo (a unit of MS&AD Insurance Group Holdings) will buy 26 per cent stake in Max New York Life (MYNL) for Rs 2,731 crore (Rs 27.31 billion).
Though a formal purchase agreement with Boeing is yet to be signed, SpiceJet's order size could be of 40-50 planes, a source familiar with the development said. At list price, a 737 Max aircraft is valued at about $100 million (Rs 620 crore).
Red Bull's Formula One World champion Max Verstappen took pole position for the Australian Grand Prix on Saturday with Carlos Sainz qualifying alongside on the front row for Ferrari two weeks after undergoing surgery for appendicitis.
Two-wheeler maker TVS Motor Company on Friday said it plans to replace the two-stroke motorcycle Max with a four-stroke entry-level motorcycle within six months to arrest the erosion in sales.
Warburg Pincus group and associates are making an open offer to the shareholders of Max India Ltd to acquire additional 20 per cent stake in the company for Rs 200 per share payable in cash.
The National Company Law Appellate Tribunal on Friday issued notices to Zee Entertainment Enterprise Ltd (ZEEL) over the petitions filed by IDBI Bank and AXIS Finance against an NCLT order that approved the media company's merger with Culver Max Entertainment. However, a two-member NCLAT bench comprising chairman Justice Ashok Bhushan and Member Arun Baroka declined to grant any stay over the merger process during the pendency of the hearing. The appellate tribunal (NCLAT) has directed to list both petitions on January 8 for hearing, directing Zee Entertainment Enterprise Ltd to file a reply.
Angry young men (and old) dominate the OTT this week. Take your pick.
David Miller (59 not out off 51) rose to the occasion as South Africa survived some anxious moments before getting the better of the Dutch by four wickets in the ongoing T20 World Cup.
The company, which recently approved a plan to invest an additional Rs 26 billion to take its total investment to Rs 36 billion by 2011-12, had deferred its target for breakeven for faster growth. Max New York Life Managing Director Rajesh Sud said the company would look at sum assured rather than the first year premium and added that "we are very comfortable being the number fifth or sixth on first year premium, provided we are retaining our clients."
The fate of the $10 billion merger between Zee Entertainment Enterprises and Culver Max Entertainment, formerly Sony Pictures Networks India, is hanging by a thread, with the two parties unable to finalise an agreement as the end of the one-month grace period looms. The two parties are yet to come to an agreement over Zee Entertainment Enterprises Ltd (ZEEL) MD and CEO Punit Goenka leading the merged entity after Sony expressed concerns after market regulator Sebi barred him from holding managerial posts in Zee and any of the entities in a fund-diversion case.
A quick look at the Oscar 2016 nominations.
England will be looking to bounce back from a rain-affected opening match and solidify their T20 World Cup campaign
The three-member panel in its report said that no ECG tracings were done to check if the child was alive. The body was handed over without written instructions.
The Dutchman's run of nine successive wins was snapped as he broke down on lap four with a brake problem.
This would be company's second acquisition in the WiMax space. In February, the company had acquired a significant stake in a French WiMax chip manufacturer Sequans Communications. The financial details of the acquisition were not disclosed. Further, RCom will expand its reach across countries in the Saarc region, Mediterranean and other South African nations. RCom intends to provide high-speed broadband services, voice, video and data suite and 4G services.
Max Verstappen won the first sprint race of the Formula One season at the Chinese Grand Prix on Saturday.
Zee Entertainment Enterprises Ltd on Wednesday said Culver Max Entertainment, formerly known as Sony Pictures Networks India, has agreed to discuss extending the date required to make their merger scheme effective, a day ahead of the deadline. A day after Sony Pictures Networks India (SPNI) stated that it has not yet agreed to a deadline extension requested by Zee Entertainment Enterprises Ltd (ZEEL) for their proposed $10-billion merger, the Subhash Chandra family-promoted media firm said it has received a communication from Sony group for discussing an extension of the deal which was announced almost two years ago.
Around 12.30 am, the elevated platform collapsed as it could not bear the weight of the people sitting on it and fell on those seated below, the DCP said.
Holland will begin their T20 World Cup campaign on June 4 against Nepal at Dallas and four days later will face formidable South Africa in New York.
It is recommended to get rid of gallstones as they are always a nuisance with an attack of gallbladder inflammation waiting to happen, says rediffGURU Dr Hemalata Arora.
Security agencies searched over 100 hospitals and malls in the national capital after they received bomb threat emails on Tuesday. However, it turned out to be a hoax as nothing suspicious was found, officials said.
Mercedes driver George Russell has been disqualified and lost his Belgium Grand Prix win on Sunday, after his car was found to be underweight, and his teammate Lewis Hamilton was promoted to first place.
V1Max runs Vivo's FunTouch 2.1 operating system, which is based on Android 5.0 Lollipop.
Jefferies has identified 11 stocks set to benefit from long-term macro trends like capital expenditures, government manufacturing initiatives, and financialisation.
