India Financial News

Odisha government has decided to set up a Rs 562-crore aviation training centre to meet future demand for pilots and skilled personnel in the sector, a minister said. A proposal to set up Biju Patnaik Aviation Centre (BPAC) at Birasal airstrip in Dhenkanal district was approved at a cabinet meeting chaired by Chief Minister Naveen Patnaik on Saturday. The proposed centre will provide training for pilots, simulators and cabin crew, Revenue Minister Sudam Marndi told reporters after the cabinet meeting. The training centre will be established in accordance with the Civil Aviation Policy-2022 of the state government, he said.

Congress party expressed concern over the resignation of Election Commissioner Arun Goel, warning against the «systematic decimation» of independent institutions that could lead to the erosion of democracy. Goel resigned just ahead of the anticipated announcement of the schedule for the 2024 Lok Sabha elections. Congress President Mallikarjun Kharge questioned the circumstances surrounding Goel's resignation, emphasizing the reduction of the Election Commission to only one Commissioner while crucial elections loom. He warned that if the trend of weakening independent institutions persists, democracy in India may give way to dictatorship.

corporate actions scheduled for this week. SBI Life Insurance Company, IIFL Securities, and Kirloskar Ferrous Industries will trade ex-dividend, while Waaree Renewable Technologies will trade ex-split this week. On Thursday, 14 March, Data Infrastructure Trust and Wonder Electricals (Re 1/share) will trade ex-dividend.

Rohit Sharma opened up on his retirement plans following India's series win against England. The series against England saw Rohit's leadership credentials come to the fore after India lost the opening Test, as he had to shepherd a side shorn of some big names and bring the best out of a young and inexperienced squad. Not burdened by leadership, he also shone with the bat aggregating over 400 runs in the series.

medical entrance examination scheduled for May 5, a significant number of students continued to register, prompting some to request an extension due to challenges related to Aadhaar card and mobile link issues. Parijat Mishra, a career counseling expert at Allen Career Institute, told TOI, that many students faced difficulties in registering due to issues with Aadhaar card verification and mobile OTPs. The demand for an extension arose as some students could not apply within the given timeframe.

Indian Oil Corporation (IOC) has now set sight on the Grand Prix and will in next three months start producing fuel used in adrenaline-pumping Formula One or F1, motor racing. The firm's refinery at Paradip in Odisha will in three months produce the petrol used in F1 car racing, its chairman Shrikant Madhav Vaidya said. IOC, the country's largest oil firm controlling roughly 40 per cent of fuel market share, will be the first Indian company and only a handful globally that will produce fuel used in F1 racing. Vaidya said the company expects to get its Formula 1 fuel certified in around three months, after which it will start competing with other global majors like Shell to supply it to the F1 teams.

Prasar Bharati and Khadi Village and Industries Commission (KVIC), celebrated a momentous occasion on Saturday as they came together to strengthen the spirit of 'Khadi for Nation and Khadi for Fashion' at the Prasar Bharati Secretariat in New Delhi. The event was attended by Manoj Kumar, Chairman KVIC, Gaurav Dwivedi, Chief Executive Officer Prasar Bharati, Priya Kumar, Director General, Doordarshan News (DD News), among other distinguished guests, and saw the launch of a new Khadi wardrobe for the news anchors of the Hindi news channel DD News and the English news channel DD India. India's Public Service Broadcaster, Prasar Bharati and Khadi India signed a Memorandum of Understanding (MOU) in September 2023, under which the anchors of DD News and DD India will now actively contribute to carrying forward India's rich heritage and modernity by wearing clothes made of Khadi.

Kiran Rao, experienced a surge in its box office earnings domestically on its second Saturday as the film has amassed close to ₹8 crore in India thus far. Moreover, “Laapataa Ladies" recorded a Hindi occupancy of 29.40% on Saturday, according to Sacnilk. Directed by Kiran Rao and produced by Aamir Khan Productions and Jio Studios, the film features Nitanshi Goel, Pratibha Ranta, Sparsh Shrivastava, Ravi Kishan, and Chhaya Kadam in prominent roles.

Further, macroeconomic data such as consumer price inflation and industrial production will also be tracked by investors.

The study uses a Mental Health Quotient (MHQ) to assess various aspects of mental health. Participants are categorized based on their scores, ranging from «thriving» to «distressed.» In the rankings for 2023, the Dominican Republic topped the list with the highest average MHQ (91), followed by Sri Lanka (89) and Tanzania (88). Conversely, Uzbekistan had the lowest average MHQ (48), with the UK following closely at 49.

weather office stated that isolated light rainfall to snowfall over Arunachal Pradesh during 9th-13th March and scattered light rainfall or snowfall on 14th and 15th March. It has also predicted widespread light to moderate rainfall or snowfall on 13th March with isolated thunderstorm and lightning likely over the region on 12th and 13th March.

BCCI announces Test Cricket incentive of up to ₹45 lakh per match for India men after 4-1 win against England Asked if he was looking at a staggered retirement, meaning he would retire from ODIs and T20s to concentrate on Test cricket, or if he would quit cricket altogether after his retirement, Rohit said, "I think if one day if I wake up and feel I'm not good enough, I'm not feeling good enough to play the sport. I'll just talk it out and let them know about it. But honestly, I feel in the last two or three years my cricket has actually gone up and I'm playing the best cricket," “I'm not too much of a stat person who looks into numbers and all of that.

Sudip Bandyopadhyay, Group Chairman, Inditrade Capital, says «there is a strong speculation that Tata Sons will get listed in the near future and the best way to play that will be probably through Tata Chemicals; that is the conventional thinking in the market and that led to this kind of massive rise in the share price of Tata Chemicals.» One cannot take eyes off the Tata Group names! With all the talk around Tata Sons, look at the move on Tata Power, Tata Chemicals, Tata Steel. All group companies are holding up.

India has close and longstanding relations with Mauritius, an island nation in the Western Indian Ocean, anchored in shared history, demography, culture and strategic partnership. A key reason for the special ties is the fact that Indian origin people comprise nearly 70% of the island’s population of 1.2 million. The relationship has been characterized by a high level of trust and mutual understanding at the leadership level and continued high-level political engagement. These special ties have resulted in uniquely close cooperation in maritime security, development partnership, capacity-building, cooperation in international fora, technical assistance through deputation of Indian experts to GOM, vibrant cultural exchanges and close people-to-people ties, officials explained. In this backdrop President Droupadi Murmu, will undertake a State Visit to Mauritius from 11th to 13th March, to attend the National Day celebrations of Mauritius on 12th March as the Chief Guest. A contingent of the Indian Navy will participate in the celebrations along with two Ships of the Indian Navy's First Training Squadron — INS Tir and CGS Sarathi.

Government Medical College for treatment. Thankfully, none of the injuries are reported to be critical, though a 14-year-old girl remains under observation. Authorities revealed that the floating bridge is typically closed to the public during high tides caused by adverse weather conditions.

₹18.25 crore in India, Sacnilk.com reported. With this, the total collection now stands at ₹33 crore in India net. As per the report, the film had an overall occupancy of 33.65 percent in Hindi.

Test Cricket Incentive Scheme' - starting from the 2022-23 season - cricketers who play 75 per cent or more of scheduled Test matches will receive an additional incentive of ₹45 lakh per match. The scheme was announced by BCCI secretary Jay Shah in a post on X (formerly Twitter), where he informed that the latest measure is aimed at providing financial growth and stability to the country's 'esteemed sportsmen'.

India typically begins upon the sighting of the crescent moon marking the start of Ramadan. In Saudi Arabia, if the Ramadan crescent moon is sighted on Sunday evening, fasting will commence on Monday, March 11.

Kazakhstan with its hackers penetrating the telecom sector of the region’s biggest country. Kazakhstan’s National Computer Emergency Response Team (Cert.kz), has recently alleged that a group of Chinese hackers had access to the infrastructure of Kazakhstani telecommunication operators for two years, according to persons familiar with the development. Kazakhstan’s Ministry of Defence and the country’s national airline may have been one of the targets. At least one Chinese hacker group had full access to the critical infrastructure of Kazakhstani telecommunication operators in the past two years. The Kazakh Digital Development, Innovation and Aerospace Industry Ministry said in a statement on 20 February 2024 that it has, together with the National Security Committee, (KNB), begun analyzing the leaked information to learn more.

Arun Goel before the Lok Sabha elections, emphasizing the widespread concern across the nation regarding the upcoming Lok Sabha polls. Congress General Secretary KC Venugopal also slammed the Centre and said that the government is uninterested in ensuring a transparent and impartial electoral process. Also Read: Lok Sabha polls LIVE The resignation of Election Commissioner Arun Goel was announced on Saturday and subsequently accepted by the President.

generative artificial intelligence (Gen AI) courses has surged about threefold in the past one year with working professionals rushing to make themselves adept in the new technology, said industry executives. The trend is being driven by professionals seeking to stay competitive in a fast-evolving job market and to safeguard themselves against layoffs by futureproofing their careers through upskilling, said executives of edtech companies such as Upgrad, Great Learning, Simplilearn and Coursera.