India Financial News

IndiGo on Thursday said it has partnered with Garuda Aviation Academy to train fresh pilots as future junior first officers, under the airline's Cadet Pilot Program. The 21-month course includes a three-month ground schooling at Garuda Aviation Academy training centre in Gurugram, followed by 12 months of training at 43 Air School in South Africa, which has a track record of training over 6,000 ab-initio pilots over the years, IndiGo said. Over the last 13 years, the airline said, it has formed eight such partnerships and inducted over 1,000 pilots through these full training programmes, including commercial pilot licence and A320 type rating, the airline said. These courses start right from cadet selection to induction into the airline as a pilot, according to the airline.

Visuals from the scene shared on social media showed students allegedly being dragged and shoved into buses by the police for detention. Police denied they manhandled anyone.

CBI registered case against 'unknown accused persons' on the basis of complaint by Secretary of Education Departement. «It has been alleged in the complaint that on 19.06.2024 University Grants Commission (UGC) recieved inputs from National Cyber Crime Threat Analysis Unit of Indian Cyber Crime Co-ordination Centre(I4C) under Union Ministry of Home Affairs that integrity of UGC Net -2024 Examination, conducted by National Testing Agency(NTA) in two shifts across different cities in the country, may have been compromised,» said CBI's statement. The Education Ministry on Wednesday ordered the cancellations of UGC-NET conducted by the National Testing Agency following inputs that the integrity of the examination may have been compromised and the matter has been handed over to the CBI for a thorough investigation, officials said. The decision by the Ministry comes amid a massive row on the medical entrance exam NEET over alleged irregularities, with the issue now before the Supreme Court.

Lt Gen NS Raja Subramani is set to be the next Vice Chief of Army Staff with the government clearing his appointment to the post, official sources said on Thursday. The officer, who is presently helming the Army's Central Command, will succeed Lt Gen Upendra Dwivedi. Lt Gen Dwivedi, currently serving as the Vice Chief, will be the next Chief of the Army Staff when incumbent Gen Manoj Pande retires on June 30. Lt Gen Subramani has been appointed as the next Vice Chief, military sources said.

Sarbananda Sonowal arrived in Dibrugarh on Thursday, first time after Prime Minister Narendra Modi reappointed him in the Union Cabinet recently. Thousands of people from Sonowal’s home constituency, which he won convincingly in the recent Lok Sabha elections, thronged the Dibrugarh airport to welcome the beloved leader. Sonowal was warmly greeted by people from various castes, tribes, and areas with enthusiastic cheers. Sonowal also attended a reception party organized at the India Club in the city by MLA of Dibrugarh, Prashanta Phukan where leading citizens of the city along with people from all walks of life extended their greetings to Sarbananda Sonowal. Expressing his deep gratitude, Sarbananda Sonowal said, «I am truly overwhelmed by the unprecedented love and support from the people of the Dibrugarh Lok Sabha constituency that helped me win. I will never forget this affection. Dibrugarh is my birthplace and my place of work. I am determined to continue working diligently as both a native and an MP from Dibrugarh.”

₹4,250 crore, directly or indirectly," Indus Towers' chief financial officer Vikas Poddar told analysts at JP Morgan prior to the stake sale. The comments were shared by the brokerage to clients in a note.On Wednesday, UK-based Vodafone Group Plc sold 18% stake sale in India's largest telecom tower provider for ₹15,300 crore.

Overseas Indians parked $ one billion in various NRI deposit schemes in April reflecting a strong faith in India's growth story because these deposits witnessed outflows of $150 million in the same period a year ago. Outstanding non-resident Indian (NRI)deposits touched $ 153 billion as of end April on account of the $1.08 billion, the latest data released by the Reserve Bank indicated. Three schemes under which there are inflows include foreign currency non-resident (Banks) or FCNR(B) where the foreign exchange risk is borne by the deposit accepting bank, non resident external rupee account or NRE(RA) where the currency risk is borne by the depositor. While the former is attractive when the rupee is depreciating against the dollar, the latter is attractive when the rupee is appreciating.

Against this backdrop, World Trade Center Mumbai and the All India Association of Industries are set to host the 9th edition of their flagship event, the Global Economic Summit, themed ‘FinTech: Accelerating the Digital Revolution,’ from August 8-10, 2024. The summit will discuss pathways and strategies to meet the unmet credit needs of micro, small and medium enterprises (MSMEs), women entrepreneurs, and underserved communities through digital solutions such as paperless credit, account aggregator framework, cash-flow-based funding, alternative credit scoring methods, and so on. Moreover, central banks are encouraging their traditional banks to deploy technologies to promote digital supply chain financing for MSMEs and digital payments.

Sunil Singhania on Thursday said India offers a lot of opportunities for equity investing, backed by robust fundamentals. These fundamentals are being driven by 4 'Ds', according to the Abakkus founder, which are amplified as Democracy, Demographics, Domestic Consumption and Digital leeway.

rich plan to migrate to another country, most of them choose the United Arab Emirates and particularly Dubai, which is one of the Emirates. A report by Henley & Partners, an international investment migration advisory firm, says approximately 4,300 millionaires are projected to leave India this year. And most of them are headed to the UAE. However, it's not that India's rich are in a hurry to leave the country. It's only a small number of rich Indians. «India continues to lose large numbers of millionaires, especially to the UAE. However, in our view these outflows are not particularly concerning as India continues to produce far more new HNWIs than it loses to emigration. Furthermore, the bulk of the millionaires who leave India tend to retain business interests and second homes in the country, which is a positive sign,» says the report. Why the UAE has such a pull for rich Indians The UAE is a bigger attraction for India's rich than other popular destinations for migration, such as Australia, Singapore, Israel, Switzerland, the US, Canada, New Zealand and the UK.

National Highways Authority of India (NHAI) has entered into an memorandum of understanding with the Indraprastha Institute of Information Technology (IIIT, Delhi) to leverage artificial intelligence (AI) based solutions for improvement in the availability of road signs on national highways, a move aimed at enhancing road safety. The tentative length to be covered under this project shall be around 25,000 km, the ministry of road transport and highways said in a statement issued on Thursday. As per the agreement, IIIT Delhi will conduct surveys for collecting imagery and other data related to availability and condition of road signages on selected national highways stretches.

Indian stock market: The domestic benchmark equity indices, Sensex and Nifty 50, closed Thursday's session higher despite encountering volatility throughout the trading day. The 30-share BSE Sensex concluded the session with a gain of 141.34 points, or 0.18 per cent, closing at the level of 77,478.93. Meanwhile, the Nifty 50 finished at 23,567.00, up by 51.00 points, or 0.22 per cent.“Nifty index opened positive and remained choppy in a range of 180 points throughout the day.

Wifi penetration in India continues to lag behind despite several efforts by the government and telecom operators, a top official of the Department of Science and Technology said on Thursday. While speaking at a Broadband India Forum (BIF) event on World Wifi day, the Department of Science and Technology (DST) Secretary Abhay Karandikar said the absence of an ubiquitous backend telecom infrastructure is restricting the growth of wifi penetration in India despite advancement in the technology and availability of spectrum. «Wifi is a key to providing affordable connectivity and in India we still continue to lag behind in public wifi penetration in a significant manner despite several efforts made by the government and the operators,» he said.

Daibiru Corporation, a subsidiary of the Japanese business conglomerate Mitsui O.S.K. Lines has invested Rs 1,000 crore in an under-construction office complex in Gurgaon, being developed by DLF in a joint venture with the global investment and development firm Hines, according to three persons familiar with the deal. Hines, which holds a 33% stake in the joint venture, facilitated the exit of the Abu Dhabi Investment Authority (ADIA) by bringing in Daibiru as an investor. Both companies have created Daibiru Hines Trust at GIFT City, Gujarat, and plan to invest in more commercial assets across the country.

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EKA Mobility, which received a tranche of Rs 200 crore from Japan’s Mitsui & Company, is looking at commissioning a third manufacturing facility for rolling out electric buses and light commercial vehicles in the country the next 12-18 months. This strategic infusion of capital will be deployed to meet capital expenditures and working capital needs, supporting EKA Mobility’s expansion in the fast-evolving electric vehicle space in the country, Sudhir Mehta, Founder and Chairman, EKA Mobility told ET. EKA (Pinnacle Mobility Solutions) Mobility — one of the commercial vehicle manufacturers approved under the Champion OEM (Original Equipment Manufacturer) Scheme & EV component manufacturing scheme of the Rs 25,938 crore auto PLI policy — has a strategic partnership with Japan’s Mitsui and Netherlands-based VDL Groep to manufacture electric buses and light commercial vehicles.

Stock market today: Domestic equity benchmarks Sensex and Nifty 50 settled higher on Thursday, June 20 driven by private banks, after struggling through some volatility during the trade in the absence of fresh triggers. Metals, real estate, fertiliser stocks drove indices, despite a lack of strong global indications.

exchange-traded fund (ETF) specialising in electric vehicles (EVs) and the emerging automotive sector, named the ‘Mirae Asset Nifty EV and New Age Automotive ETF’. This open-ended scheme is crafted to harness the sector’s promising long-term growth potential.

Mint. The growing popularity of equated monthly instalments (EMIs), or the fixed sum that a borrower must pay every month towards a loan, has further dented the prospects of rental companies. “Today, we have affordable EMIs to buy furniture across all price points," he said.

ALSO READ: India vs Afghanistan Live Score UpdatesHowever, the Kensington Oval's pitch at Barbados is known to test both batters and bowlers. It is not like the pitch in the USA, as it has bounce, swing and the grounds are quick.Apart from this, Afghanistan are renowned to run tables in big tournaments.