CATEGORIES

Air India says low engine oil pressure caused diversion to Russia

Pilots on the Air India plane that was stranded in Russia had received an indication of low oil pressure in one engine, forcing them to land at a nearby airport, the airline said on Thursday.

Vedanta Resources net profit falls 67%

Rising raw material cost has pushed the profit of Anil Agarwal-promoted Vedanta Resources Ltd down by a massive 67% during the fiscal year that ended on 31 March.

Vistara to add 10 planes, 1,000 staff

Full-service carrier Vistara expects to add a total of 10 planes as well as hire more than 1,000 people in the current financial year and has shelved plans to fly to the US, according to a top executive.

China plans spy setup in Cuba

China is to pay Cuba \"several billion dollars\" to allow the eavesdropping station, according to a report by WSJ

From TV to theatres, Japanese anime takes root in India

Japanese animation film Suzume, which surpassed ₹10 crore in Indian box office sales since its release in Indian theatres a few weeks ago, is building on the popularity of anime on television screens.

OTT players, lobby groups to address anti-tobacco rules

Reeling under pressure from the government to include anti-tobacco disclaimers across their content, the video streaming platforms are working with industry lobby groups to find amicable solutions to navigate the challenging guidelines.

PharmEasy appoints Avendus to help raise $100 mn capital

E-pharmacy major PharmEasy has appointed investment bank Avendus Capital to tap external capital, even as its existing investors are planning a fund infusion to bolster the company’s equity, three people with knowledge of the development said.

Hero-badged Harley on way

Hero MotoCorp will bring in a 400cc motorcycle based on a newly-developed Harley Davidson platform for India, badged as a Hero product in a bid to build a portfolio of premium brands in the country, persons in the know told Mint on condition of anonymity.

At TCS, a fifth of staff has stayed for 10 yrs

The metric underscores why TCS has been able to do better than its peers

Half of all ₹2k notes returned

Indians have so far returned around half of the ₹2,000 notes in circulation, with 85% deposited in banks and the remainder exchanged by customers, Reserve Bank of India (RBI) governor Shaktikanta Das said on Thursday.

RBI allows lenders to tap loss default cover, imposes riders

Lenders can only enter into agreements with approved service providers for loan guarantees

Markets slip as monetary policy stays cautious over inflation

The markets slipped by half a per cent on Thursday, despite the Reserve Bank of India (RBI) maintaining a status quo on policy rates.

China says opening its financial sector

China will continue to open up its $60 trillion financial market to foreign banks and investment firms, while sticking to the bottom line of preventing systemic risks, the nation's new top regulator said.

System liquidity appears to be skewed in favour of some banks'

Systemic liquidity in the Indian banking system appears to be skewed in favour of some banks as opposed to others, according to RBI governor Shaktikanta Das.

R Systems to buy Velotio Tech

About a month after a failed attempt by US buyout firm Blackstone to take it private, R Systems International Ltd has agreed to acquire Pune-based Velotio Technologies Pvt. Ltd.

TVS Capital appoints Unni from McKinsey as managing partner

Domestic private equity firm TVS Capital Funds on Thursday named former McKinsey executive Naveen Unni as managing partner, as it prepares to launch its fourth fund.

Bain Capital buys Porus Labs to bolster specialty chem biz

PE firm has plans to create a platform for contract manufacturing of specialty chemicals

IBBI seeks changes to empower investors

The Insolvency and Bankruptcy Board of India (IBBI) has proposed a series of changes to its regulations, including an important new voting method on bids from investors for bankrupt companies which would allow creditors to rank their preferences rather than merely vote in favour or against bids.

Most train accidents due to human error, not sabotage

Rail staff, equipment failures caused 164 and 15 accidents, respectively, from 2017-18 to 2021-22

Monsoon sets over mainland; IMD sees advance over 48 hrs

Kerala welcomed the first showers of the southwest monsoon on Thursday, a week behind schedule, with its predicted advance raising overall confidence about rural incomes and economic growth.

Adani To Go Slow On Acquisitions, Focus On Existing Projects This Yr

India's ports-to-power giant Adani Group will go slower on acquisitions this year as cost of capital has risen globally, the company said, signaling reduced dealmaking at the conglomerate which has rapidly grown by acquiring assets.

BSNL To Get ₹89k Cr, This Time For 4G/5G

CCEA grants 3rd package to BSNL; also hikes kharif crop MSPs

Byju's Brings In Al In Learning Modules

Edtech major Byju's on Wednesday said it has introduced generative artificial intelligence in its learning modules with an avowal that the technology will not replace teachers.

Indian-origin Prof Joyeeta Gupta Wins 'Dutch Nobel Prize'

Indian-origin professor Joyeeta Gupta is among the two scientists who have been named for the prestigious Spinoza Prize, also known as the 'Dutch Nobel Prize', it was announced on Wednesday.

Thyssenkrupp, Mazagon sign MoU

Germany's Thyssenkrupp and Mazagon Dock Shipbuilders have signed an agreement to participate in a submarine tender by the Indian Navy that sources said has a value of around $5.2 billion.

MS Empress reaches Hambantota port

The inaugural cruise for Indian tourists from Chennai arrived at Sri Lanka's southern port of Hambantota on Wednesday.

MRPL to focus on petrochemicals biz

Mangalore Refinery and Petrochemicals Ltd (MRPL) shelved a planned refinery expansion to focus on boosting its petrochemical production capacity, which may cost as much as ₹47,000 crore.

Petronas to pick 49% in ReNew project

ReNew Energy Global PLC on Wednesday said it has entered into a partnership with Petroliam Nasional Bhd, Malaysia’s state-run oil and gas company.

Thar rival Jimny heats up lifestyle SUV space

Maruti sets ambitious targets for Jimny in domestic, export markets

Ferro Scrap sale likely to conclude in second quarter

Strategic disinvestment of Ferro Scrap Nigam Ltd— a 100% subsidiary of MSTC Ltd—has “entered the last leg\" with the finalisation of the draft share purchase agreement based on the recommendations of an inter-ministerial group, according to two officials aware of the development.