Civil Aviation Minister Jyotiraditya Scindia on Monday said it is time for India to look at manufacturing of aerospace products as he highlighted the growth potential of the country’s aviation sector. He also said domestic airlines are together projected to have a fleet of around 2,000 planes in the next five to seven years. It Read More…
Air India will reduce the frequency of flights on certain US routes due to crew shortage issues for a temporary period, its chief Campbell Wilson said on Monday. He also said the airline will have 100 pilots for Boeing 777 planes in three months as they are being “activated” and around 1,400 cabin crew are Read More…
Benchmark stock indices Sensex and Nifty declined by nearly 1 per cent in opening trade on Monday following selling in IT banking and auto stocks triggered by weak global trends. The 30-share BSE Sensex fell 474.96 points or 0.82 per cent to 57,514.94 as 28 of its constituents traded in the red in early session. Read More…
The rupee continued its upward trend and rose 11 paise to 82.48 against the US dollar in early trade on Monday, tracking fall in crude oil prices and firm Asian currencies. Traders said, strong dollar and negative sentiments across the global as well as domestic equity markets capped the gain in the rupee. At the Read More…
Union Cooperation Minister Amit Shah on Saturday said that India should set a target to contribute 330 million metric tonnes (MMT), or 33 per cent of global milk production by 2033-34, stressing the need to also produce milk by the masses. Prime Minister Narendra Modi’s government is working for the 360-degree growth of the dairy Read More…
The first Central Public Sector Venture in Kerala is closing. The Hill India Limited branch in Kerala (Kalamasery), the state’s first Central Public Sector Enterprise, would be shut down, according to the central government. Parliamentary enquiry from Suresh MP received a written response from Minister Bhagwant Khuba. This is a result of rising production and Read More…
The governor of the Central Bank of Sri Lanka Nandalal Weerasinghe has cited the lack of independence of the apex bank in determining the monetary policy as a reason for the country’s unprecedented economic crisis. The Sri Lankan government in May last year declared a debt default on over USD 51 billion in foreign loans Read More…
The National Stock Exchange (NSE) and the BSE has announced that three Adani group companies — Adani Enterprises, Adani Power and Adani Wilmar — will move out of the short-term additional surveillance measure (ASM). The stocks will be excluded from the short-term ASM framework with effect from March 17, according to separate circulars available on Read More…
The Congress on Thursday alleged that the Adani Group has had a “track record” of share manipulation and asked how the entire range of regulators and investigation agencies failed to investigate such “unnatural share price volatility” of its companies. The Congress has been persistent on its attack on the government weeks after Adani Group stocks Read More…
Amid promoters’ shares being frozen by stock exchanges for not complying with minimum public shareholding (MPS) standards, Patanjali Foods’ stock dropped more than 5 per cent during trading on Thursday. Patanjali Foods’ scrip was under selling pressure in the morning even though the company’s promoters expressed optimism in meeting MPS criteria over the next three Read More…