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Venture capitalist Tim Draper-backed deep tech startup Bon V Aero on Monday announced the launch of a fully autonomous logistics drone Air Orca to cater to the requirements across sectors such as healthcare, ecommerce, military logistics and disaster management on a global scale. With advanced autonomous capabilities and fully designed, developed and manufactured in India by Bon V Aero, the drone is engineered to tackle diverse logistical challenges, particularly in regions where traditional transportation methods are impractical, the company said. This launch underlines the growing role of Odisha-based companies in India's technology ecosystem and demonstrates how localised innovation is gaining national and international recognition, Bon V Aero said.

India’s IP (intellectual property) office is the second highest globally in trademarks, with 3.2 million registrations in 2023 and the country’s Patent-to-GDP ratio surged to 381 from 144 over the past decade. “A global leader in innovation. India has exhibited a remarkable growth in the patents, designs & trademarks filings according to @WIPO Indicators 2024 report,” commerce and industry minister Piyush Goyal said in a post on X.

IndiGo is working with the civil aviation ministry to explore the possibility of extending the wet lease of wide-body Boeing 777 planes from Turkish Airlines as the existing lease period is ending this week. Currently, IndiGo is operating two wet-leased Boeing 777 planes for flights from Delhi and Mumbai to Istanbul. These are also the only two wide-body aircraft that are in the fleet of the airline, which is India's largest carrier with a domestic market share of over 62 per cent. These aircraft were wet-leased to cater to the rising demand for international travel from India. IndiGo started operating its first wide-body Boeing 777 aircraft on the Delhi- Istanbul route from February 1, 2023, and began operating the Boeing 777 plane on the Mumbai-Istanbul route from May 17, 2023.

Sanjiv Khanna heard 45 cases on his first day as the 51st Chief Justice of India (CJI), and thanked lawyers and bar leaders for wishing him well. CJI Khanna entered the hallowed CJI's courtroom around noon after being sworn by President Droupadi Murmu in a brief ceremony at the Rashtrapati Bhavan. He received a rousing welcome by the bar leaders, lawyers including former attorney general and senior advocate Mukul Rohatgi. «I wish you a fruitful tenure as the CJI,» wished Rohatgi.

Subscribe to enjoy similar stories. ITC Foods has entered into a five-year partnership with the All India Pickleball Association (AIPA) to promote pickleball in India. As part of the deal, the fast moving consumer goods major’s popular snacking brand Bingo! will be featured across the front of the Indian team’s jersey.

direct tax collection grew 15.4 per cent year on year to Rs 12.1 lakh crore during the period April 1-November 10. Direct taxes include corporate and personal tax. It grew over 21 per cent to Rs 15 lakh crore on a gross basis during the period, a statement issued by the income tax department said. The government said it had issued tax refunds of Rs 2.9 lakh crore.

Nava Ltd on Monday announced that it would consider splitting the stock from a face value of Rs 2 per share in its upcoming board meeting, which is due to be held on November 14. “In continuation to our letter (vide ref.no. NAVA/SECTL/335/2024-25) dated November 04, 2024 under Regulation 29 of SEBI (LODR) Regulations, 2015, we hereby inform that the Board of Directors at its meeting scheduled to be held on Thursday, November 14, 2024, will also consider the proposal of alteration in share capital of the Company by sub-division/ split of existing equity shares having face value of Rs. 2/- each, fully paid up, subject to approval of the shareholders of the Company,” said the company in a filing tot he exchange.

Indian Tea Association at the annual general meeting of the association. The tea industry in Assam and Bengal, as of September 2024, has experienced a notable crop decline of 63 million kilograms as per available Tea Board data. This situation has neutralized the marginal gains in the domestic prices. Bangur, highlighted the change in the production structure, with small tea growers and the organized sector coexisting in a competitive landscape. He emphasized the importance of creating a level playing field, advocating for the organized sector to be relieved of certain welfare obligations.

S Jaishankar on Monday called for «urgent» measures to address the issue of widening trade deficit between India and Russia. While India's exports to Russia stood at only USD 2.24 billion in April-August this fiscal, imports soared to USD 27.35 billion during the period. The trade deficit is aggregated at USD 25.11 billion. The high trade deficit is mainly on account crude imports. Russia emerged as India's biggest supplier of crude oil, which is converted into fuels like petrol and diesel in refineries, after Russian oil was available on discount following some European nations shunning purchases from Moscow over its invasion of Ukraine in February 2022.

quarter of FY 25. The revenues of the company went down by 10 per cent to Rs 627 crore in Q2FY25 as compared to Rs 696 crore in Q2FY24. The net profit of the company, however, went up by 16 per cent to 61 crore in Q2 FY25 from 53 crore in FY24. Rajesh Aggarwal, managing director of the company said «During the quarter, we observed firming up of raw material prices although excessive and continued rainfall resulted in lower pest infestation. The farmers delayed their spraying schedule, which adversely impacted revenue growth for the Company. The monsoon has been marking India's Wettest monsoon in four years, with rainfall exceeding 100% of the long-term average, increasing sowing for Kharif crop and a promising outlook for Rabi season.»

The searches led to the recovery of incriminating documents showing detailed banking transactions, digital devices including mobile phones, and other evidence related to terror funding activities, the statement issued by the NIA said. As per NIA investigations, the suspects whose premises were raided are sympathisers of a Bangladesh-based Al-Qaida network.

Trump 2.0 regime, said a SBI research report, even as the local currency hit its all-time low on Monday. The report, titled US Presidential Election 2024: How Trump 2.0 Impacts India's and Global Economy, emphasised that the rupee can have a brief spell of depreciation against the US dollar, followed by appreciation. Donald J Trump's historical comeback as the 47th President of the United States adds a morphine shot to the markets and select asset classes even as the focus is now shifting to wider economic ramifications and supply chain realignments, the report said.

Mallikarjun Kharge on Monday accused him of oppressing the opposition, toppling elected governments and purchasing legislators «like goats to feed and feast on them later». He also charged Modi and Union Home Minister Amit Shah of running the central government with «Adani and Ambani». Kharge attacked Uttar Pradesh Chief Minister Yogi Adityanath alleging that he believes in 'Mukh me Ram, bagal me chhuri' (A wolf in lamb's clothing). «Modi-ji believes in toppling governments. He purchases MLA. Unka kaam MLAs ko bakri ke jaise apne pas rakh lena, palna aur fir baad me kaat kar khana hai...(Modi keeps MLAs like goats, feeds them and later feasts on them). This is Modi,» Kharge alleged.

Dharmendra Pradhan on Monday said the National Education Policy 2020 has emphasised Indians becoming global citizens by adopting good values, being future-oriented, and at the same time remaining connected to their roots. Addressing the 15th convocation ceremony of Jain Vishwa Bharati, Pradhan said the life philosophy propagated by India centuries ago that non-violence, balanced life, self-contentment, and right conduct are the essence of right knowledge is what the world needs today. «It has been said in the new National Education Policy that we have to become global citizens by adopting good values. We have to remain connected to our roots and be future-oriented,» he said. Jain Vishwa Bharati (JVB) is an institute with an emphasis on Jain studies and the Prakrit language, as well as Ahimsa (non-violence), Jeevan Vigyan (science of living) and Preksha Dhyan (Preksha meditation).

Reserve Bank of India (RBI), which was set up in 1935, completed 90 years in April this year. Star India Private Limited, Viacom 18, Zee Entertainment Network Limited and Discovery Communications India were in the fray for «Production and distribution of Web Series Commemorating 90 years of RBI» after the central bank floated a Request for Proposal (RFP) in July. While Zee Entertainment Network and Discovery Communications India did not qualify beyond the technical evaluation round, Star India Pvt Ltd and Viacom 18 made it to the final round.

KKV Agro Powers Ltd.(up 5.00%), GE Vernova T&D India Ltd.(up 5.00%), Energy Development Company Ltd.(up 4.98%), Neueon Towers Ltd.(up 4.93%), Power Grid Corporation of India Ltd.(up 4.29%), JSW Energy Ltd.(up 3.82%), CESC Ltd.(up 0.70%), India Power Corporation Ltd.(up 0.62%), GE Power India Ltd.(up 0.53%) and Orient Green Power Company Ltd.(up 0.43%) stood among the top gainers.

As India marches toward its ambitious 2070 Net-Zero goals, a transformation in infrastructure is not just necessary but urgent. With a rapidly growing population and increasing urbanization, the strain on India’s centralized energy grid is apparent. Traditional infrastructure, heavily reliant on coal, oil, and gas, struggles to meet the surging demand, leading to frequent outages, high energy costs, and increased greenhouse gas emissions.

Subscribe to enjoy similar stories. The US has been the largest market for India’s IT services industry for decades, with companies like HCL, Infosys and TCS providing outsourced services to American firms across sectors. About 55% of India’s IT sector revenues come from that region.

Subscribe to enjoy similar stories. Page Industries Ltd’s investors seem confident after its September quarter (Q2FY25) results beat expectations on key parameters. The stock hit a new 52-week high of ₹48,393.70 on Monday and has been up about 5% since the results were announced on 7 November.

Subscribe to enjoy similar stories. On our last trip from Mexico, we brought back chillies instead of clothes," laughs Ricardo Vargas. A steady supply of dry chillies is a must, among other Mexican spices and seasonings, for the Dehradun-based Vargas who is co-founder of México Lindo – a Mexican restaurant that opened in the Uttarakhand capital three months earlier.

Trump's decisive election victory last week and his impending return to the White House next month has raised significant uncertainty for investors.