With the growing order book of aircraft original equipment manufacturers, Boeing has said India may need more than 31,000 pilots and some 26,000 mechanics in the next 20 years. Salil Gupte, President of Boeing India, said that the South Asian region will continue to grow the fastest in the next 20 years on the sidelines […]
An extensive search has been launched for Amritpal Singh, a controversial self-styled preacher who has been on the run since Saturday. Since the search began, internet and messaging services have been suspended, and security has been tightened. He supports the Khalistan movement for a separate Sikh homeland. So far, several of his aides have been […]
The Adani Group has taken action to suspend work on a Rs 34,900 crore petrochemical project at Mundra in Gujarat. Sources reported that this move is to focus resources to consolidate operations and address investor concerns stemming from a damning report by a US-based short seller. Earlier this year, the group’s main company Adani Enterprises […]
Prime Minister Narendra Modi and Prime Minister of Bangladesh Sheikh Hasina may inaugurate the India-Bangladesh Friendship Pipeline on 18 March via video conference. This is the first cross-border energy pipeline between India and Bangladesh, built at an estimated cost of INR 377 crore, of which the Bangladesh portion of the pipeline built at a cost […]
According to preliminary surveys by the Atomic Minerals Directorate for Exploration and Research (AMD) on the limited surface of the Marlagalla-Allapatna area in Mandya district in Karnataka, there are 1,600 tonnes of lithium resources present in the pegmatites. As per the sources, AMD is also exploring lithium in potential geological areas of the Yadgir district […]
New Delhi, February 21, 2023: It is not at all inconceivable for India to achieve an economy of $47 trillion by 2047, given the continuance of good governance that the country has seen over the past eight-nine years, its immense talent pool, and diasporic support the nation commands. Shri Piyush Goyal, Union Minister of Commerce […]
There was a big movement for Paytm shareholders on Thursday as a block deal took place where 2,59,930 shares were sold at Rs 535.90 worth Rs 13.93 crore. Multiple sources confirmed that Chinese group Alibaba is behind the deal, selling up to 3.1 percent of its total equity of about 6 percent. Alibaba seems to […]
In the last two years, TCS, Infosys, and Wipro have been profitable and their salaries are increasing. But now their margins are at risk because of a potential economic slowdown in the US. The recession could prolong wage costs and reduce attrition from job seekers who are considering new jobs in the IT sectors. The […]
We have in this study examined financial performance of 3180 companies (excluding financial companies) and noted the trend in interest coverage ratio defined as Operating profit to Interest. This indicator reflects the comfort level of companies in debt servicing. Some interesting results: In response to falling interest rate cycle, interest coverage ratio of companies has […]
In Finance Minister Nirmala Seetharaman’s words, India stands on the threshold of Amrit Kaal, or the ‘Era of Elixir’. Regarding the country’s real estate sector, we can be a little more restrained with such definitions. Still, there is little doubt that the industry has made remarkable progress since it attained independence 75 years ago. Real […]
