Celebi provides passenger and cargo ground handling services to major foreign airlines at nine airports in the country, including its busiest – Delhi, Mumbai, Bengaluru, Hyderabad among others. | Photo Credit: SAMPATH KUMAR GP The Bureau of Civil Aviation Security has revoked security clearance of Turkish ground handling company Celebi citing national security concerns. The … Read more
IFFCO, FDRVC inks pact to empower FPOs | Photo Credit: NAGARA GOPAL Indian Farmers Fertiliser Cooperative Limited (IFFCO) has entered into a memorandum of understanding (MoU) with the Foundation for Development of Rural Value Chains (FDRVC), a joint initiative of the Ministry of Rural Development set up as a not-for-profit company to support the promotion … Read more
Billionaire Mukesh Ambani-owned Reliance Industries has obtained a dual-currency borrowing of $2.9 billion-equivalent, according to people familiar with the matter, the largest offshore Indian loan in over a year. About 55 lenders joined the facility, the people said, who asked not to be identified discussing private matters, in what is the largest bank group for … Read more
It posted a standalone net profit of ₹49.5 crore in Q4 up 93 per cent Jubilant Foodworks Ltd’s (JFL) consolidated net profit in Q4FY25 was down 76.3 per cent year-on-year ₹49.3 crore; consolidated revenues grew 33.64 per cent to ₹2,103.18 crore. It posted a standalone net profit of ₹49.5 crore in Q4FY25 up 93 per … Read more
The Indian automobile industry is seeing a rising demand for SUVs. The desire to own bigger cars has caught on in rural areas as well. This has resulted in a slew of SUV launches. Kia India, which boasts 10-12 per cent of its sales from the rural markets is expanding its reach among rural customers. … Read more
Fitch-rated Indian power generation companies’ (Gencos) credit profiles should be resilient to moderately weaker demand, | Photo Credit: Angel Garcia India’s power demand is expected to grow at 4-5 per cent per annum over the medium term aided by rising economic activity and higher demand for cooling with summers marked by higher number of heat … Read more
Hindustan Aeronautics Ltd has recorded a 7 per cent dip in net profit at ₹3,958 crore in the fourth quarter of FY25, as compared to ₹4,292.04 crore in Q4FY24. Revenue was at ₹13,699.87 crore in Q4, down by 7 per cent y-o-y, from ₹14,768.78 crore in the corresponding period in the last year. Published on … Read more
India’s central bank is scrutinizing some digital wallets associated with electric-vehicle players after the sudden collapse of the country’s largest all-EV taxi service left users unable to access money tied to their accounts, people familiar with the matter said. The review of payment tools used in India’s fledgling EV ecosystem is a result of troubles … Read more
U.S. President Donald Trump reacts next to Saudi Crown Prince Mohammed Bin Salman during the Saudi-U.S. Investment Forum, in Riyadh, Saudi Arabia, May 13, 2025. | Photo Credit: REUTERS/Brian Snyder U.S. President Donald Trump secured a $600 billion commitment from Saudi Arabia on Tuesday to invest in the United States after the oil power accorded … Read more
In a tit-for-tat response, Pakistan’s Foreign Office expelled an Indian diplomat from its mission in Islamabad on similar charges, asking him and his family to leave within 24 hours. India on Tuesday expelled a Pakistani official working at the Pakistan High Commission for allegedly indulging in espionage. The Ministry of External Affairs (MEA) said the … Read more