Air India Express, the low-cost carrier of the Tata Group, plans to increase its fleet size from the current 64 aircraft to 180 by the end of 2028, the company’s managing director Aloke Singh said. “Air India Express will take delivery of three new aircraft every month and one additional aircraft every other month in...
More than 25 crore Indians have been pulled out from poverty during the nine and half years of the BJP-led NDA government under the leadership of Prime Minister Narendra Modi, said Union Minister Sarbananda Sonowal. Speaking at a public gathering in Kendrapara district on Friday, the Union Minister of Ports, Shipping and Waterways and Ayush...
Plastic products maker Supreme Industries Ltd on Friday reported an increase of 22 per cent in its consolidated net profit to Rs 256.17 crore in the third quarter ended December 2023. The company had posted a net profit of Rs 210.03 crore in the October-December period a year ago, according to a regulatory filing. Its...
About Rs 1,515 crore was disbursed in FY24 till October, while it was Rs 2,900 crore in 2022-23, when payments under the scheme commenced. The government in 2021 announced PLI schemes for 14 sectors with an outlay of Rs 1.97 lakh crore. “Incentive amount of around Rs 4,415 crore disbursed under PLI Schemes for eight...
Adani Group announced its commitment to provide new 350 sq ft flats to eligible residents of the Dharavi slum clusters. Engaged in the redevelopment of Dharavi slums in partnership with the Maharashtra government, the Adani Group emphasized that the size of these flats is “17 per cent more” than those typically offered in slum redevelopment...
The Indian stock market on Monday hit its lifetime high as IT stocks continued to rally till markets closed. With better than expected results of HCL Technologies and Wipro on Friday, Sensex crossed the 73,300 point mark for the first time. The NSE Nifty 50 index added 0.93% to 22,097.45 points, while the S&P BSE...
State-owned Oil and Natural Gas Corporation (ONGC) has made two significant back-to-back natural gas discoveries in a Mahanadi basin deepwater block in the Bay of Bengal as its calculated game plan of venturing into high-risk deep water exploration starts yielding results. The firm made the discoveries in the block MN-DWHP-2018/1, which it had won in...
India’s blue-chip indexes, Nifty and Sensex hit fresh all-time highs today, led by gains in IT services firms after their results and commentary exceeded expectations, alleviating concerns about weak demand. The NSE Nifty 50 added 1.22 per cent to 21,911 points, while the S&P BSE Sensex climbed 1.31 per cent to 72,661, as of 12.36...
Elon Musk’s SpaceX isn’t in violation of workplace rules on alcohol and drugs that could jeopardize the rocket launch and satellite service provider’s government contracts as far as NASA is aware, according to the space agency. “The agency does not have evidence of non-compliance from SpaceX on how the company addresses the drug- and alcohol-free workforce regulations,”...
The Income Tax department has detected “unaccounted cash sales” of about Rs 1,000 crore after it recently raided the Polycab group, a prominent wires, cables and electrical items manufacturer, the CBDT and official sources said on Wednesday. Unaccounted cash of more than Rs 4 crore was seized and more than 25 bank lockers were put on restraint...