Pakistan’s decision to close its airspace to Indian-based airlines is expected to deal a financial as well as operational blow to the sector. The development assumes significance as Pakistan’s airspace is a vital corridor for Indian airlines, especially for westbound flights from northern cities like Delhi to Europe, the Middle East, Central Asia, and even … Read more
The financial years FY19 and FY24 are significant as they preceded the Lok Sabha elections Data from the Election Commission of India show that out of the 15 biggest States by their GSDP, 13 States have seen growth in their political donations to parties from FY19 to FY24. Donations from Delhi, Gujarat, and Maharashtra were … Read more
India introduces policy reforms to promote sustainable underground coal mining, reducing financial barriers and encouraging advanced technologies for productivity. | Photo Credit: REUTERS In a bid to speed up the operationalisation of underground coal blocks, the government on Thursday announced new incentives like waiving off the upfront payment. The push for underground coal mining aligns with … Read more
Infosys has incorporated a step-down wholly-owned subsidiary IInfosys Australia Technology Services Pty Ltd in Australia. The newly incorporated entity’s 100% shareholding is held by Singapore Pte. Ltd, a wholly owned subsidiary of Infosys Limited. The board of Biocon has approved raising up to Rs 4,500 crore through issue of securities. The company’s board has approved to raise … Read more
India on Wednesday suspended the Indus Water Treaty and announced downgrading diplomatic ties with Pakistan including expulsion of its military attaches in view of cross-border links to the Pahalgam terror attack. The Cabinet Committee on Security (CCS) met this evening under the chairmanship of Prime Minister Narendra Modi and firmed up the responses to the … Read more
Discussions are in early stages, and no timeline has been finalised | Photo Credit: DANISH SIDDIQUI Mining mogul Anil Agarwal’s Vedanta Resources could look at a possible US public listing for its Zambian unit, Konkola Copper Mines (KCM), among “other financing options”, as it looks to raise approximately $1 billion for mine development. Talks are … Read more
Rajiv Mehra,President, IATO | Photo Credit: KAMAL NARANG Travel agents associations are seeking enhanced protection and swift action against terrorism in order to restore confidence among travellers visiting Jammu & Kashmir. This appeal comes as tourists scramble to return home following the terrible terror attack in Pahalgam on Tuesday. There are deferrals and trip cancellations … Read more
Electric cab service BluSmart has appointed Grant Thornton for a forensic audit after a regulatory investigation found its co-founder allegedly diverted and misused funds which were meant to buy cars, two people with direct knowledge said. A rival to Uber and India’s Ola, BluSmart became hugely popular with its all-electric fleet of more than 8,000 … Read more
Domestic markets are expected to sustain the rally on Wednesday thanks to positive global cues. The US stocks overnight jumped over 2.5 per cent after the US President Donald Trump said he had no plans to dismiss the head of the Federal Reserve Jerome Powell, which had badly shaken investor confidence in US assets. Further boosting investors’ … Read more
Laurens van den Acker, Chief Design Officer, Renault Group and M Venkatram, Country CEO and MD, Renault India at the unveiling of a sculpture model designed by the Renault Design team, at the Renault Nissan Technology & Business Centre at Mahindra City, near Chennai | Photo Credit: BIJOY GHOSH French automaker Renault has unveiled what … Read more