During crash investigations, the black boxes provide vital information. (AI image) Air India Ahmedabad plane crash: India plans to send the severely damaged black box from the Air India Boeing 787 crash to the United States for detailed analysis. Due to extensive fire damage after the plane crash, data extraction in India has proven unfeasible.The…
Gold price prediction: For those considering a long position, entering near ₹98,700 with a target of ₹1,01,000 offers a favourable risk-to-reward ratio. (AI image) Gold and silver price prediction: Gold and silver price directions will continue to be influenced by global factors – US Federal Reserve’s stance, ongoing Iran-Israel conflict, and US President Donald Trump’s…
MUMBAI: Nithin Kamath, the billionaire founder of India’s largest brokerage Zerodha, found himself on the wrong side of an algorithm. Despite a net worth of over Rs 40,000 crore, Kamath’s credit score of 747, falls short of the 750 required by lenders to provide their best home loan rates.Kamath shared his credit score on social…
NEW DELHI: French aerospace major Dassault Aviation has tied up with Anil Ambani‘s Reliance Aerostructure to manufacture Falcon 2000 business executive jets in India for global markets. India will soon join the club of countries that make business jets which includes the US, France, Canada and Brazil. Also this is the first time Dassault, in…
MUMBAI: HDFC Bank informed stock exchanges that its chief human resource officer Vinay Razdan has resigned, effective June 18. However, the bank did not disclose any reason, which is mandated by Sebi norms. Razdan joined the bank in 2018 and was CHRO at Idea earlier. In his June 2 resignation letter, Razdan said that he…
NEW DELHI: India’s defence manufacturing sector is expected to witness 15–17% revenue growth in FY2025–26, driven by a strong execution pipeline, robust order book position, and sustained government focus on domestic procurement, according to a report released by Icra on Tuesday.The industry’s order book to operating income (OB/OI) ratio stood at 4.4 times as of…
The Securities and Exchange Board of India (Sebi) on Wednesday proposed two key regulatory reforms aimed at expanding the investor accreditation framework and accelerating onboarding processes for Alternative Investment Funds (AIFs). The regulator has invited public feedback on these proposals by July 8.Under the suggested changes, all KYC Registration Agencies (KRAs) would become eligible to…
The rupee depreciated 13 paise to close at 86.47 against the US dollar on Wednesday, hurt by persistent risk-off sentiment, elevated crude oil prices, and geopolitical tensions in the Middle East.The local currency opened at 86.42 at the interbank foreign exchange and saw high intraday volatility, touching a high of 86.25 and a low of…
The Ministry of Finance issued a notification in January, introducing UPS as an alternative under NPS. (AI image) Cheer for UPS subscribers: Central government employees opting for the Unified Pension Scheme or UPS will now be entitled to retirement and death gratuity benefits that were previously available under the Old Pension Scheme (OPS).Union Minister of…
India’s current account deficit (CAD) faces upward pressure in FY25 amid rising global crude prices, with every $10 per barrel increase in oil potentially worsening the annual CAD by $15 billion, according to a report by Union Bank of India (UBI).The bank has retained its CAD forecast at 0.9% of GDP for FY25, but cautioned…