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SpiceJet settles with Boeing 737 Max aircraft lessor Avolon
MUMBAI: No-frills carrier SpiceJet on Thursday said it has entered into a "settlement" with a lessor of Boeing 737 Max planes -- Avolon.
The Gurugram-based airline, in a statement, said it hopes to see these MAX aircraft flying again soon.…
India offers huge opportunities for vehicle manufacturers: Nissan COO
NEW DELHI: India offers huge opportunities for vehicle manufacturers and electrification is the pillar that could transform the country's automotive industry, Nissan Motor Corporation COO Ashwani Gupta said on Thursday.
Speaking at the…
Markets eke out slim gains; Nifty scales fresh peak
NEW DELHI: Equity benchmarks Sensex and Nifty ended on a flat note on Thursday as monthly derivatives expired amid a weak trend in global markets and sustained foreign fund outflows.
After trading range-bound through the session, the…
India’s wearable market logs over 118 per cent growth to 11.2 million units in Q2: IDC
NEW DELHI: India's wearables market grew 118.2 per cent year-on-year in the June 2021 quarter at 11.2 million units with strong shipments from homegrown brands in earwear and watches fuelling this growth, according to research firm IDC.…
When Should You Replace the PCV Valve?
The positive crankcase ventilation, or PCV, system was one of the earliest emission-control devices used in vehicles. The PCV system draws leftover combustion gases from the crankcase (the oil pan and bottom of the engine) and routes them…
Vice President visits HAL, calls for developing Indigenous cutting-edge technologies
New Delhi/Bengaluru: The Vice President of India Venkaiah Naidu paid his maiden visit to Hindustan Aeronautics Limited (HAL) facilities accompanied by Thaawarchand Gehlot, Governor of Karnataka on Friday. “I am assured of our nation’s…
Arun Kumar Garg (IDSE) appointed as Deputy Secretary in Power Ministry
New Delhi: Arun Kumar Garg (IDSE) has been selected for the appointment as Deputy Secretary in the Ministry of Power, Delhi. According to an order from the Department of Personnel & Training (DoPT), he has been selected for the…
Rajnath Singh gives go-ahead to publish relevant details of planned procurement on website
New Delhi: The Defence Industry has regularly pitched for providing greater access to the details of procurements planned by the Ministry of Defence (MoD) especially with regard to cost, quantity, offsets, trials, transfer of technology etc…
Words alone won’t help auto industry; concrete actions are required: Maruti Suzuki India…
NEW DELHI: Maruti Suzuki India Chairman RC Bhargava on Wednesday said that while a lot of statements were made by government officials supporting the automobile industry, but when it comes to taking actual steps nothing has really happened.…
Can’t say there is no demand for credit; banks to do loan outreach from October: FM
MUMBAI: Union Finance Minister Nirmala Sitharaman on Wednesday said it is too early to say if there is a lack of demand for credit and announced a district-wise outreach to be undertaken by banks to help credit growth from October.
A…
Edible oil, pulses main contributors to inflation; price rise to slow once crops come: Government
MUMBAI: Major contributors to inflation are edible oil and pulses, and to boost their availability in the market, the supply side has been addressed through duty cuts, a senior finance ministry official said on Wednesday.
On the issue of…
Tata Consultancy Services’ market valuation crosses Rs 13.5 lakh crore
NEW DELHI: The market capitalisation of Tata Consultancy Services (TCS) on Wednesday breached the Rs 13.5 lakh crore mark -- the second company after Reliance Industries Ltd to achieve the feat.
At close of trade, the market valuation of…
Belstar Microfinance subsidiary of Muthoot Finance to raise Rs 350 crore via equity
Kolkata, Aug 25 (UNI) Belstar Microfinance Limited, a subsidiary of Muthoot Finance Limited (Muthoot Group), has signed definitive agreements to raise primary equity of Rs. 350 crore from new investor Affirma Capital and existing…
PS Bank Employees Family Pension to be increased to 30 per cent of last Pay
Mumbai, Aug 25 (UNI) In a bid to provide relief to families of bank employees, the Government has approved the Indian Banks' Association’s (IBA) proposal to increase the family pension to 30% of last salary drawn.
This move would make…
Why Are My Brakes Squealing?
If you’re lucky, the squealing or squeaking noise that your brakes make when you first drive your car in the morning, particularly after rain or snow, is just surface rust being scraped off the rotors by the brake pads the first few times…
Is the IPO market losing its sheen?
NEW DELHI: After a fabulous run, it seems investors are shying away from IPOs (Initial Public Offerings). Not only is there a fall in the subscription rate of recent IPOs, but the stocks are also debuting on the bourses at a discount and…
Infosys becomes fourth Indian company to touch USD 100 billion market cap
NEW DELHI: Infosys Ltd on Tuesday became the fourth Indian company to touch a market valuation of USD 100 billion.
The IT services major has joined the league of TCS, Reliance Industries and HDFC Bank for crossing the USD 100 billion-mark…
India pips US to rank 2nd in list of most attractive manufacturing hub globally; China 1st
NEW DELHI: India has overtaken the United States (US) to become the second-most sought-after manufacturing destination globally, driven mainly by cost competitiveness, according to real estate consultant Cushman & Wakefield.
China…
Global investors wary about India, intrigued by retail buying: UBS
MUMBAI: Global investors are cautious on India because of expensive valuations, but intrigued by domestic households buying stocks, Swiss brokerage UBS said on Tuesday.
They are also questioning the near-term sustainability of the bets…
Another Bank registers case against Karvy Group Chairman for Rs 563 cr fraud
Hyderabad, Aug 24 (UNI) : Few days after the arrest of the scam-hit Karvy Stock Broking Ltd (KSBL) Chairman C Parthasarathy by the city police based on a loan default complaint by IndusInd Bank, another similar case was registered against…
