During the first day of the WingsIndia 2024 air show on January 18, Akasa Air stole the show by announcing 150 Boeing 737 Max orders. The latest order, comprising of 737 MAX 10 and 737 MAX 8-200 jets will provide the airline a steady aircraft delivery stream through 2032, the airline said in a statement. … Read more
A passenger on an IndiGo flight recently assaulted co-captain Anup Kumar who was making an announcement regarding a delay in takeoff at the Delhi airport. A video was shared on microblogging site X, where a man in yellow hoodie abruptly ran up from the last row and hit the new pilot. Now, a co-passenger has … Read more
The Union ministry of heavy industries, which implements the government’s production-linked incentive (PLI) scheme for advanced automotive technologies, is aiming for all the 85 applicants to receive the approval certification against the scheme’s domestic value-addition (DVA) criteria by July 2024, its secretary Kamran Rizvi said. “We are confident our PLI scheme will clear any audit … Read more
Almost a year after finance minister Nirmala Sitharaman took up the issue, MCA21 – the corporate filing portal – is still bogged down with multiple glitches, making life tough for compliance teams in companies and limited liability partnership firms. Data discrepancy is seen to be the biggest problem afflicting the portal. For instance, there are … Read more
Khanij Bidesh India Ltd (KABIL), a joint venture of state-run miners, has inked India’s first overseas lithium exploration and mining deal involving five blocks in Argentina, setting off New Delhi’s overseas hunt for the critical mineral to loosen China’s stranglehold on a key element of energy transition. “The deal will help India strengthen lithium supplies, … Read more
The Reserve Bank of India (RBI) on Monday took another step to harmonize regulations applicable to mortgage financiers and other non-bank lenders, proposing higher liquid assets to back deposits at housing finance companies, smaller aggregate deposits as a proportion of their own capital, and allowing them to issue co-branded credit cards. These are part of … Read more
While industrial output growth fell to an eight-month low of 2.4% in November, consumer price index (CPI)-based inflation rose 5.69%, its fastest pace in four months in December, the statistics ministry said. Though factory output points to a slowdown in manufacturing growth momentum in November, in the April-November period of this fiscal, it expanded 6.4%, … Read more
The targeted strikes by the US and the UK on Houthi militia have increased the worry for policymakers as the disruption around Red Sea has now begun to impact supply chains apart from making shipping schedules erratic. While the commerce department is working on an inter-ministerial consultation next week to address some of the concerns … Read more
Reliance Industries is preparing to commission the Dhirubhai Ambani Green Energy Giga Complex, a 5,000-acre manufacturing facility for renewable energy-related products, in Jamnagar in the second half of 2024, its chairman and managing director Mukesh Ambani said on Wednesday. Addressing the Vibrant Gujarat Summit, the western state’s flagship investment conclave, in Gandhinagar, Ambani said that … Read more