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Airlines scour globe for capacity as aircraft shortage takes toll
GAIL infuses Rs 2,100 crore in insolvent chemical firm JBF Petrochemicals
JMM to support AAP in opposing Central ordinance, says Arvind Kejriwal
Global food costs at two-year low in May but grocery bills stay high
Australia raises minimum wage by 5.75% amid inflation effective from July 1
Couple spends 301 days in jail on suspicion of being Bangladeshi immigrants
Mixed trend in demand for different categories of tea during Sale-22: CTTA
Mixed trend in demand for different categories of tea was observed during Sale-22, a Calcutta Tea Traders' Association (CTTA) official said here on Friday.
The demand for CTC leaf and Darjeeling tea increased while Orthodox leaf and Dust tea marked a weaker trend, he said.
The total demand reduced by 3.05 per cent along with reduced offered quantity during the auction as compared to last week, the official said.
The auction (Sale-22) was held on May 30 and 31.
According to CTTA data, the total offerings amounted to 98,644 packages (28,32,493 kg) comprising 36,056 packages of CTC leaf, 45,103 packages of orthodox, 4,441 packages of Darjeeling leaf and 13,044 packages of dust tea.
CTC leaf met good demand and a total of 8,03,325 kg of different categories was sold at an average price of Rs 198.97 per kg.
Around 37.92 per cent of the total demand was witnessed for CTC leaf at below Rs 150 per kg level while 26.18 per cent was marked above Rs 250 per kg.
Western India operated on be..
A safe home: How to prevent injurious falls, manage risks
ONGC to maintain financial flexibility as earnings steady, says S&P
Want justice for wrestlers, but after due process of law: Anurag Thakur
Japan's birth rate falls to record low as population crisis deepens
Swaraj Tractors launches compact tractors; starts from Rs 5.35 lakh
Swaraj Tractors on Friday launched a new range of compact lightweight tractors with price starting from Rs 5.35 lakh (ex-showroom).
The company said it will roll out two models -- Target 630 and Target 625 -- in 20-30 HP category under the new Target range.
The Swaraj Target 630 model will first be available through its dealer network in Maharashtra and Karnataka, at price starting from Rs 5.35 lakh (ex-showroom), it said.
The second model Target 625 will be introduced in due course, Swaraj Tractors, which is a part of the Mahindra Group, said.
The Group had last week announced its plans to launch a new tractor platform.
The new Swaraj Target range seamlessly combines power and advanced technology features, providing exceptional efficiency in spraying and various other applications, it said.
"Introduction of Swaraj Target opens a new segment for growth of Swaraj Tractors and facilitates horticulture mechanisation, a fast-growing segment in Indian agriculture," said Hemant Sikka,..
Apollo Hospitals hits 52-wk high on talks to raise $200 mn; up 8% in 2 days
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Tata Motors total sales decline YoY, electric cars give firm a boost
Hundreds of Amazon employees stage walkout of HQ over return to work policy
IndiGo to start direct flights to six destinations in Africa, Central Asia
The country's largest airline IndiGo will start direct flights to six new destinations in Africa and Central Asia, including to Nairobi, Tbilisi and Tashkent, this year.
Embarking on "massive" international expansion plans, the carrier will connect Nairobi in Kenya and Jakarta in Indonesia, with direct flights from Mumbai in late July or early August.
"Delhi will get connected in August to Tbilisi, Georgia & Baku, Azerbaijan and in September to Tashkent, Uzbekistan, and Almaty, Kazakhstan," IndiGo said in a release on Friday.
Once these routes are operational, the budget airline will be connecting a total of 32 international destinations compared to 26 currently.
While noting that it is taking a "massive step in its international expansion strategy," IndiGo said it will be adding an "impressive 174 new weekly international flights between June and September 2023, including new destinations, routes, and frequencies".
IndiGo said it will also be resuming daily services from Delhi to..
ICICI Bank will give Rs 1,200 cr to build 3 Tata Memorial Centre for cancer
ICICI Bank on Friday committed Rs 1,200 crore to help Tata Memorial Centre (TMC) to expand its cancer treating facilities.
As part of the commitment from ICICI Foundation, three new facilities will be built in Navi Mumbai's Kharghar on the outskirts of the financial capital, Mullanpur in Punjab and Visakhapatnam in Andhra Pradesh.
Girish Chandra Chaturvedi, the chairman of the second largest private sector lender, said the three facilities will be fully functional by 2027 and will enable TMC to handle 25,000 more cancer patients per year.
"This is a step towards resolving a problem which we are foreseeing to aggravate, especially as urbanisation increases," he told reporters at TMC's flagship hospital here after signing three Memorandums of Understanding for the centre.
Chaturvedi said right now, the bank has Rs 500 crore of Corporate Social Responsibility (CSR) corpus ready for the three facilities, and will be adding to the corpus as the years go.
The bank feels by the end of th..
Rooftop solar capacity increased 6.35% to 485 MW in Jan-Mar: Mercom
The rooftop solar capacity in India increased by 6.35 per cent to 485 megawatt (MW) in the January-March quarter of this year, according to Mercom India.
In the January-March period of calendar year 2022, the rooftop solar installation capacity in the country was at 456 MW, the research firm said on Friday.
India's cumulative rooftop solar capacity was approximately 9.3 gigawatts (GW) at the end of Q1 2023.
On a quarter-on-quarter basis, at 485 MW, rooftop solar capacity addition was marginally up by 0.4 per cent compared to 483 MW in Q4 2022, Mercom India said.
According to its 'Q1 2023 Mercom India Rooftop Solar Market Report', nearly 58 per cent of capacity was added by residential consumers in Q1 2023, while industrial and commercial consumers accounted for 28 per cent and 14 per cent, respectively.
In Q1 2023, rooftop solar accounted for 26 per cent of total solar installations.
"After ups and downs in 2022, we are beginning to see steady growth in rooftop solar driven by so..
Maha SSC results declared; overall pass percentage at 93.83, dips 3% YoY
The Maharashtra State Board of Secondary and Higher Secondary Education on Friday declared Class 10, or SSC, results that saw a pass percentage of 93.83, a drop of nearly 3 points from last year, board officials said.
The overall pass percentage stood at 96.94 last year.
Maintaining the trend, girls yet again outshone boys, posting an overall pass percentage of 95.87. The pass percentage for boys stood at 92.05.
The Kokan division topped the list with 98.11 per cent of students clearing the board exam, while the Nagpur division was at the bottom with a pass percentage of 92.05, said board chairperson Sharad Gosavi.
Of the other divisions, Kolhapur posted a pass percentage of 96.73, followed by Pune (95.64), Mumbai (93.66), Aurangabad (93.23), Amaravati (93.22), Latur (92.67), and Nashik (92.22).
A total of 15,29,096 students registered for the SSC exam that was held in March-April this year and 14,34,898 students cleared it, they said...
Sebi lists new norms for high-risk FPIs: What it means for investments
Indian-origin Dev Shah wins US spelling bee with the word 'Psammophile'
E-commerce platform Meesho crosses 500 mn downloads on iOS, Android
E-commerce platform Meesho has become the world's "fastest shopping app" to cross 500 million cumulative downloads across Google Play and iOS App Store, mobile data analytics provider has said.
The company has achieved the 500 million download milestone in six years, data.ai, formerly known as App Annie, said in a statement.
According to data.ai, over half of Meesho app downloads (274 million) came in 2022.
"Indian e-commerce platform Meesho has emerged as the world's fastest shopping app to cross 500 million cumulative downloads across Google Play and iOS App Store combined, reaching this milestone in six years," data.ai said.
According to data.ai, with just 13.6 MB size, Meesho's android app is the lightest e-commerce app in India on Play Store, which makes it compatible with low-end smartphones.
"We are delighted to partner with them and provide them with the insights they need to continue to grow their business," data.ai, Head of Insights, Lexi Sydow said.
Meesho, CXO for use..
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Active Covid-19 cases in country drop to 3,736, total death toll 531,874
India has logged 267 new coronavirus infections while the active cases have decreased to 3,736 from 3,925, according to the Union health ministry data updated on Friday.
The death toll has increased to 5,31,874 with two more fatalities, the data updated at 8 am stated.
The Covid case tally was recorded at 4.49 crore (4,49,91,143), it said.
The active cases now comprises 0.01 per cent of the total infections, while the national COVID-19 recovery rate has been recorded at 98.81 per cent, according to the health ministry website.
The number of people who have recuperated from the disease surged to 4,44,55,533, while the case fatality rate was recorded at 1.18 per cent.
According to the ministry's website, 220.66 crore doses of Covid vaccines have been administered in the country so far under the nationwide COVID-19 vaccination drive...
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President Droupadi Murmu extends greetings on Telangana Formation Day
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Terrorist killed in encounter with forces in Jammu and Kashmir's Rajouri
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English learning programme launched in 36 childcare centres in TN
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Desilting of drains be completed by June 15: Delhi Mayor to officials
Delhi Mayor Shelly Oberoi on Thursday instructed officials that desilting work of drains in the city should be done by June 15.
Oberoi held a review meeting with officials of several departments, besides the PWD, the DDA, and irrigation and flood control, on plans to prevent waterlogging during the monsoon season.
She directed the officials that desilting work of all MCD drains should be completed by June 15, according a statement issued by her office.
The mayor said that permanent and temporary water pumps should be installed at places prone to waterlogging, and sensitive places should be monitored through CCTV cameras.
To prevent waterlogging, the officials should submit progress reports on a weekly basis, she said.
The objective of the meeting was to review the progress of desilting work in various areas of Delhi and to discuss the necessary steps to prevent waterlogging.
Oberoi said pursuant to this, she will do a surprise inspection of the drains, so that the ground reality..
GST collection to car sales: May data paints healthy picture of economy
Russia says US accessed thousands of Apple's phones in a spy plot
ChatGPT maker OpenAI nears record 1 bn unique users monthly: Report
IL&FS pays Rs 28.8k cr debt by FY23; debt resolution target at Rs 61K cr
Crisis-hit infrastructure finance firm IL&FS has paid a total debt of Rs 28,848 crore as of March 31, 2023, according to the latest affidavit filed before the insolvency appellate tribunal NCLAT earlier this week.
The group has resolved debts through monetisation and termination/settlement of payments by its group entities from the concessioning authorities and counter-party to the relevant contract.
"As on March 31, 2023, the debt resolved through such monetisation and termination measures aggregates to Rs 17,894 crores," said the status update report filed before the National Company Law Appellate Tribunal (NCLAT) by the company.
Besides, it has discharged Rs 4,958 crore from the cancellation of the non-fund-based limits availed by its group entities and Rs 5,996 crore through interim distribution.
By the end of FY23, "total debt discharged to creditors of the Respondent No 1 (IL&FS) Group aggregates to Rs 28,848 crore," the affidavit said.
Moreover, the cash balances across..
Average daily domestic passenger traffic in May not hit by Go First's exit
Amid surge in airfares, govt analyses routes impacted by Go First crisis
Govt in talks with US-based Micron Technology for semiconductor fab factory
Rupee appreciates by 33 paise to close at 82.42 against US dollar
The rupee appreciated by 33 paise to close at 82.42 (provisional) against the US dollar on Thursday, as positive macroeconomic data strengthened investor sentiments.
At the interbank foreign exchange market, the local unit opened at 82.54 against the US dollar and settled at 82.42 (provisional), up 33 paise over its previous close amid sustained foreign fund inflows.
During the day, the domestic unit witnessed an intra-day high of 82.36 and a low of 82.54.
On Wednesday, the rupee closed at 82.75 against the US currency.
The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.20 per cent to 104.12.
Global oil benchmark Brent crude futures advanced 0.17 per cent to USD 72.72 per barrel.
"The Indian rupee strengthened amid stellar economic data and foreign fund inflows. It has clocked the best single-day gain in almost two months following dollar inflows and lower commodity prices," Dilip Parmar, Research Analyst, HDFC Securities said.
For..
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Atishi gets public relations dept, total portfolios under her rise to 9
Delhi Lt Governor V K Saxena in consultation with Chief Minister Arvind Kejriwal has allocated the public relations department to Cabinet minister Atishi, officials said on Thursday.
A notification issued by the General Administration Department (GAD) said, "In exercise of powers conferred under Rule 3 of the GNCTD (Allocation of Business) Rules 1993, the Lieutenant Governor, in consultation with the chief minister, is pleased to allocate portfolio of Public Relations Department to Atishi Marlena, minister in
addition to the portfolios she is presently holding."
It also said that the move is "subject to the Government of National Capital Territory of Delhi (Amendment) Ordinance, 2023 promulgated on May 19".
Atishi had been holding the portfolios of power, education, art, culture and language, tourism, higher education, training and technical education. The latest addition will raise the number of portfolios held by her to nine...
Coordinating in the battlefield
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G20: The third meeting of the Startup20 to take place in Goa on June 3-4
The third meeting of the Startup20 Engagement Group, part of India's G20 presidency, will take place in Goa on June 3-4, an official said on Thursday.
Startup20 serves as a prime opportunity to foster collaboration, exchange ideas, and shape the future of start ups and entrepreneurship on a global scale, he said.
"The meeting, which will embrace the spirit of 'Sankalpana', a Sanskrit term for collective resolve, brings together international delegates and experienced members of the Indian start up ecosystem. The focal point of the meeting will be to build consensus on the Draft Policy Communique, which the Startup20 recently published asking public for feedback," he added.
"The meeting will feature a start up showcase, talks as part of the Startup20 series, cultural experiences and discussions on the implementation and benefits of the ideas outlined in the document," the official said.
The Goa Sankalpana event will offer various stimulating sessions, including presentations by task..
Meesho aims to achieve profitability in FY24, looks to grow revenue
E-commerce platform Meesho is aiming to achieve profitability in FY24 as it looks to increase revenue and optimise costs, according to a senior company official.
Backed by SoftBank, the company also plans to surpass a revenue of Rs 10,000 crore by FY25. While the possibility of an IPO in FY24 is being considered, it will only happen if the company becomes profitable.
The comments hold significance after Fidelity Investments, one of Meesho's investors, reduced the company's valuation by 10 per cent to USD 4.4 billion.
"Our expectation is to achieve profitability within the current fiscal year, FY24. In FY23, we experienced a 50 per cent increase in revenues and reduced losses by two-thirds through cost optimisation measures. Cash burn has also decreased by 90 per cent," Meesho CFO Dhiresh Bansal said.
Bansal mentioned that it is difficult to share specific numbers as the audit for the current fiscal has not yet concluded. However, the revenue run rate for Q4 FY23 was USD 800 million..
SFC carries out successful training launch of Agni-1 ballistic missile
India on Thursday carried out a successful training launch of the Agni-1 ballistic missile that validated all operational and technical parameters of the strategic weapon.
The defence ministry said the Strategic Forces Command (SFC) carried out the missile launch from APJ Abdul Kalam Island in Odisha.
"A successful training launch of a medium-range ballistic missile, Agni-1, was carried out by the Strategic Forces Command from APJ Abdul Kalam Island, Odisha, on June 1," it said in a statement.
"The missile is a proven system, capable of striking targets with a very high degree of precision. The user training launch successfully validated all operational and technical parameters of the missile," it said.
In the last two decades, India has been focusing on enhancing its strategic deterrent capability by developing various ballistic missiles, precision-guided munitions and related platforms.
India has developed various variants of the Agni series of missiles.
In December last, India..
Govt agrees to power transmission from Nepal to Bangladesh through India
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TVS Motor posts 9% YoY growth in wholesales at 330,609 units in May
TVS Motor Company on Thursday reported a 9 per cent growth in wholesales at 3,30,609 units in May 2023.
The company's wholesales stood at 3,02,982 units in the same month last year.
Total two-wheelers sales grew 11 per cent last month to 3,19,295 units, as compared with 2,87,058 units in May 2022, TVS Motor Company said in a statement.
In May 2023, domestic two-wheeler sales were at 2,52,690 units as against 1,91,482 units in the year-ago period, up 32 per cent, it added.
Three-wheeler sales were down at 11,314 units during the month under review from 15,924 units in May 2022.
Total exports were also lower at 76,607 units last month over 1,10,245 units in May 2022...
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Aditya Birla Group to invest Rs 1,250 crore into its financial services arm
Aditya Birla Group is set to pump in Rs 1,250 crore into its financial services arm Aditya Birla Capital Ltd.
The board of Aditya Birla Capital Ltd (ABCL), which is into lending, asset management and insurance, on Thursday approved a preferential issuance of Rs 1,250 crore to its promoter and promoter group entity, according to a statement on Thursday.
Recently, ABCL announced its intent to raise Rs 3,000 crore, and its chief executive and managing director Vishakha Mulye had told reporters that any of the businesses needing capital will get capital to fuel its growth.
ABCL said the preferential issuance will be undertaken at a price of Rs. 165.1 per equity share and is subject to shareholders' approval.
Shares of the company closed 0.91 per cent up at Rs 171.70 a piece on the BSE on Thursday.
Group flagship Grasim Industries also will invest Rs 1,000 crore while Surya Kiran Investments, another group entity, will invest Rs 250 crore in the preferential issue, the statement said...
TCS denies strict warning to employees in return-to-office policy
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Food Corporation of India to conclude recruitment process of 5,159 posts
State-owned Food Corporation of India (FCI) will soon conclude the recruitment process of 5,159 posts of category II and III that were advertised last year.
In an official statement, the food ministry said that the FCI "has been one of the leading recruiters in recent years, recruiting a large number of youth every year."
The recruitment process of FCI is conducted only through an online mode of examination and is widely advertised in the Employment News as well as leading national/local newspapers.
The selection is done through open competition and is on a purely merit basis.
"Posts under various categories (Category I, II, III, and IV) are being regularly advertised. FCI has successfully recruited 3,687 Category III officials during the year 2020, 307 Category II and 87 Category I officers during the year 2021," the statement said.
FCI advertised 5,159 posts of Category II & III in the year 2022.
"11.70 lakh candidates have participated in the recruitment process. The online ....
Govt provided 'Suvidha, Suraksha, Samman' to women in last 9 yrs: Minister
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