Air India Express operates as a Tata Group-controlled subsidiary of Air India. (AI image) The Directorate General of Civil Aviation had in March expressed disapproval against Air India Express for failing to replace engine components of an Airbus A320 as stipulated by the European Union Aviation Safety Agency. Not only that, the airline also submitted…
Tata Steel has received a demand notice of Rs 1,902 crore from the Deputy Director of Mines, Jajpur, for an alleged shortfall in mineral dispatch from its Sukinda Chromite Block in Odisha. The company disclosed the development in a stock exchange filing on Friday and said it would pursue legal remedies.The demand, issued on July…
India’s foreign exchange reserves surged by $4.84 billion to reach $702.78 billion for the week ended June 27, inching closer to their record peak, according to data released by the Reserve Bank of India (RBI) on Friday.This rise follows a dip of $1.01 billion in the previous week, when reserves had stood at $697.93 billion….
Union minister G Kishan Reddy on Friday unveiled the government’s Copper Vision Document, a blueprint aimed at preparing India’s copper ecosystem to meet the expected surge in domestic demand over the next two decades.The roadmap projects that India’s copper demand will rise sixfold by 2047 and sets a target of adding 5 million tonnes per…
China targets involution’ in EV market (Image credits: AP) China’s government is stepping in to cool down the fierce price war in its electric vehicle (EV) market, as concerns over oversupply, shrinking margins, and industry instability grow.After years of aggressive industrial policy driving EV adoption, China’s electric vehicle market has become the largest in the…
Gautam Adani (AP file photo) Billionaire Gautam Adani-led Adani Group has reportedly emerged as the highest bidder in the race to acquire Jaiprakash Associates. The list of potential buyers who submitted bids included Adani Group, Vedanta, JSPL (Naveen Jindal), Suraksha Group, Dalmia Bharat, and PNC Infratech.Jaiprakash Associates Ltd (JAL), a financially stressed infrastructure and real…
Nuvama expressed its concerns about the potential slowdown in Trent’s growth. (AI image) Trent Ltd, a Tata Group company, saw a significant share price decline of 8.7% to Rs 5,652 on the National Stock Exchange on Friday. This drop followed the company’s AGM announcement regarding slower revenue growth, leading Nuvama brokerage to revise its rating…
Edelweiss Mutual Funds CEO and MD Radhika Gupta Italian luxury fashion house Prada has been facing severe online backlash after its latest collection showcased men’s sandals resembling India’s traditional Kolhapuri chappals. Edelweiss Mutual Funds CEO and MD Radhika Gupta weighed in on the ongoing controversy, highlighting the importance of acknowledging original creators and preserving India’s…
SEBI’s probe against Jane Street uncovered systematic market manipulation aimed at profiting from substantial index options positions. (AI image) US trading powerhouse Jane Street has been allegedly found guilty by India’s market regulator, the Securities and Exchange Board of India (SEBI), of market manipulation. The global trading giant’s massive options profits of Rs 43,289 crore,…
MUMBAI: India is increasingly becoming central to the global investment landscape as mega forces that reshape economies and markets, like demographic change, digitalisation, energy transition and global supply chain realignment combine to bring in long-term changes for the high growth economy, a report by BlackRock Investment Institute has said. The authors of the report said…