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NEW DELHI (Reuters) -IndiGo operator InterGlobe Aviation said on Wednesday it is working with Pratt & Whitney to assess any potential impact on its fleet, after a warning from the U.S. engine maker spooked global airlines.

New Delhi: The National Coal Index (NCI) fell a significant 33.8% year-on-year to 157.7 points in May, in an indication that supplies in the country remain sufficient. “The National Coal Index (NCI) has shown a significant decline of 33.8% in May 2023 at 157.7 points compared to May 2022, where it was at 238.3 points, which indicates a strong supply of coal in the market, with sufficient availability to meet the growing demands," the coal ministry said in a statement. Similarly, NCI for non-coking coal declined 34.3% on year to 147.5 points in May.

New Delhi: The Indian civil aviation regulator Directorate General of Civil Aviation has suspended the pilots involved in a tail strike incident at Ahmedabad airport on 15 June. While the pilot-in-command has been suspended for three months, the co-pilot has been suspended for a month. “On 15.06.2023, an Airbus 321 aircraft was involved in a tail strike while landing at Ahmedabad.

National Security Adviser Ajit Doval met with China’s top foreign policy official Wang Yi on the sidelines of the BRICS NSAs’ Meeting in South Africa on Monday. Wang Yi, who serves as Director of the CPC Foreign Affairs Commission, is China’s seniormost diplomat. “During the meeting, NSA conveyed that the situation along the LAC in the Western Sector of the India-China boundary since 2020 had eroded strategic trust and the public and political basis of the relationship.

NEW DELHI : Tata Motors Ltd swung to a consolidated net profit in the June quarter from a year-earlier loss lifted by robust sales of luxury vehicles by its British unit, Jaguar Land Rover, and an improved operating performance of its commercial vehicle business in India. The Mumbai-based automaker also announced that it will consolidate its capital base , converting all of its 508.5 million differential voting rights (DVR) shares to ordinary shares at a rate of seven ordinary shares for every 10 DVR shares held, resulting in a net reduction of 4.2% in its equity base.

NEW DELHI : T.V. Narendran, who will start his new term as Tata Steel Ltd’s chief executive and managing director, highlighted the challenges the company faces in Europe, even as he emphasized that the Indian operations remain “structurally the strongest part" of the steelmaker’s portfolio. “The first five years were all problems, the second was more inorganic growth, and these five years, hopefully, will be more organic growth," he said.

NEW DELHI, BENGALURU : More than half of the institutional investors of Adani Group cement companies—ACC Ltd and Ambuja Cement Ltd—voted against adopting the financial statements for the year ended 31 March 2023 after the firms’ statutory auditors raised concerns about certain developments, and at least one proxy advisory firm recommended voting against the resolution. Sixty-three per cent of large investors voted against ACC’s adoption of financial statements at its annual general meeting on 20 July, according to voting records published on BSE on Tuesday.

NEW DELHI : The India-Australia interim free trade agreement (FTA), in place for six months, has led to a 15% narrowing of India’s trade deficit with Australia on increased exports of drugs, electrical machinery, and iron and steel articles, along with a significant decline in coal imports due to a milder Indian summer. India’s exports to Australia fell by over 32% in the five months to May compared to the year-ago period, while imports shrank by 25%, resulting in a narrowed trade gap of $3.87 billion, representing a 15% decline from the previous year, according to official data.

NEW DELHI : The government’s plan to implement a GPS-based tolling system on highways to ensure smooth payments and vehicle movement on national highways has triggered privacy concerns, delaying its launch. Officials at the ministry of road transport and highways (MoRTH) are discussing ways to tackle privacy concerns surrounding the proposed tolling system and are seeking legal advice on potential amendments to existing legislation, including the Motor Vehicles Act, to enable technology-based tolling, two people aware of the development said.

NEW DELHI : The International Monetary Fund (IMF) on Tuesday revised India’s GDP growth forecast to 6.1% for 2023, up from 5.9% projected by the financial institution earlier this year as a result of stronger domestic investment. “Growth in India is projected at 6.1% in 2023, a 0.2 percentage point upward revision compared with the April projection, reflecting momentum from stronger-than-expected growth in the fourth quarter of 2022 as a result of stronger domestic investment," IMF said in a report.

NEW DELHI : New Delhi is exploring the possibility of trilateral cooperation with France and Australia in the strategic Pacific Islands, according to persons aware of the matter. While France and Australia have been key players in the Pacific Islands for some time, India has stepped up its outreach to these small island countries over the last decade. The three countries launched their trilateral partnership forum in 2021, focused on the Indo-Pacific, with a focus on maritime development and connectivity.

New Delhi: The Union agriculture ministry is in talks with the food processing industries ministry to take over a scheme aimed for the integrated development of the tomato, onion and potato (TOP) value chain, a government official aware of the matter said. The TOP scheme is part of Operation Greens, announced for 22 crops in the FY19 Union Budget. If finalized, the agriculture ministry will be able to support growers by purchasing these three perishable crops when their prices crash.

Goods and Services Tax, for unnecessarily delaying a case, terming their conduct as «highly improper.” While imposing a cost of Rs 5,000 on the authority for causing harassment to Jupiter Exports for issuing a tax demand notice without granting a personal hearing, a bench comprising justices Amit Mahajan and Vibhu Bakhru said that the revenue authorities had wasted two years of judicial time by just seeking adjournments on the pretext of filing a counter affidavit. “The order be also sent to the Commissioner of GST, Department of Trade and Taxes, Vyapar Bhawan, IP Estate, New Delhi, for necessary information and compliance and if it is found that there is dereliction of duties on the part of the concerned officer, appropriate action for recovery of the amount from the salary of the officer be taken, the order stated.

New Delhi: Astus Limited, a media trading company, has set up an independent office in India which will be headed by Sparsh Ganguli, who was the former business head for Matrix Publicities and Media India Pvt Ltd. He has also worked for other agencies and media houses like Star, Sony, BAG Films.

New Delhi: Union minister of home and cooperation Amit Shah on Tuesday said the government has completed the first phase of mapping a database of 2.64 lakh primary cooperative societies engaged in credit, dairy and fisheries. “Mapping of about 2.64 lakh primary cooperative societies of three sectors i.e.

New Delhi: India’s plan to use the rupee for trade transactions with the UAE could unlock major trade opportunities and reduce conversion costs for small businesses, according to commerce and industry minister Piyush Goyal on Tuesday. “By implementing the Rupee currency in UAE trade, we aim to open vast trade opportunities while addressing the 5-6% costs incurred otherwise in currency conversion, impacting MSMEs significantly," said Goyal, highlighting the strategic importance of this decision.

New Delhi: Extremely heavy rainfall will likely continue over Telangana and Andhra Pradesh till Thursday as a well-marked low-pressure area over westcentral and adjoining northwest Bay of Bengal off north Andhra Pradesh-south Odisha coasts is likely to concentrate into a depression in the next 24 hours, India Meteorological Department (IMD) said. As the depression is expected to move slowly northwestwards across north Andhra Pradesh-south Odisha coasts and the western end of the monsoon trough may shift further northwards over the next two-three days, very heavy rainfall is seen in Rayalaseema, Kerala and Mahe of Puducherry tonight and over Karnataka until Friday.

Lok Sabha elections, Deve Gowda said, "JDS will never sink...We will fight for parliament elections independently and will not take any help from any party. Let me be very clear.

New Delhi: White Label ATMs (WLAs) are expected to drive ATM spread across India with a greater focus on tier III to VI centres, said Union Minister of State for Finance, Bhagwat Kisanrao Karad, in a written reply in Rajya Sabha on Tuesday. To expand ATM access in the country, the Reserve Bank of India (RBI) has granted permission to non-bank entities to establish, own, and operate White Label ATMs (WLAs) nationwide.

New Delhi: India reported a modest 21 fresh covid-19 cases in the last 24 hours, continuing the trend of declining numbers observed for several months, according to Tuesday’s data from the union health ministry. The active caseload currently stands at 1,449. The country’s total caseload has touched over 4.5 crore so far and since its outbreak in early 2020, the virus has taken a toll of approximately 531,915 lives in India.

New Delhi: India may need a minimum of 1.32 million charging stations by 2030 to facilitate the rapid adoption of electric vehicles (EVs), according to a report released by the Confederation of Indian Industry (CII) on ‘Charging Infrastructure for Electric Vehicle’. The report said the fervent support for electric vehicles from both the central and state governments has led to increased consumer options and awareness, contributing to an exponential surge in EV uptake during 2022, showing a remarkable threefold increase compared to the preceding year.