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Air India Express will take delivery of several narrow-body planes during the year, allowing it to capture strong growth opportunities in the latter half of the year on domestic and short-haul international routes. «Well, our operating fleet is going to be pretty flat this year (FY26), in part because of delays to delivery, but also because we're taking aircraft out of service to do the refit, the Boeing B787s and the B777s in particular. And so, it means that we're actually not able to grow. But it's an investment for a good purpose,» said Wilson. Air India currently has a fleet of 198 planes including 70 inherited from Vistara-the erstwhile full-service joint venture between Tata Sons and Singapore Airlines. Separately, Air India Express operates 103 aircraft-36 Airbus and 67 Boeing-including 38 new Boeing jetliners from an October 2023 order. Nine more narrow-bodies are slated to join by this June.

SAIL shares may gain investor attention on Monday, March 24, after the company is likely to operationalise its 4 million tonnes per annum (MTPA) capacity Tasra coking coal mines, which may increase its crude steel production capacity to 35.65 MTPA by 2031. The company’s production stood at 19.10 MTPA in FY24. The said facility is located in Jharkhand and aims to start operations by the second half of 2026.

Subscribe to enjoy similar stories. SINGAPORE—China is pushing its commercial space industry to grow in a bid to spur greater innovation and close the gap with Elon Musk’s SpaceX. At least six Chinese rockets designed with reusability in mind are planned to have their maiden flights this year.

Mutual Fund (MF), ICICI Prudential MF, and Nippon India MF on Friday acquired a 4.12 percent stake in travel distribution firm TBO Tek for Rs 537 crore through open market transactions. TBO Tek is a technology platform engaged in the business of providing services related to tours and travel. A total of 44.72 lakh shares, or 4.12 per cent stake, in TBO Tek were acquired by the three mutual fund houses in three separate transactions on the BSE.

TBO Tek shares will remain in focus on Friday as a Rs 400 crore block deal in the travel distribution firm has been launched, with Augusta TBO Singapore Pte Ltd and TBO Korea Holdings Ltd looking to offload up to a 3.1% stake, sources told CNBC-TV18. The offer floor price has been set at Rs 1,180 per share, reflecting a 7% discount to the current market price (CMP), according to multiple sources familiar with the development.

Delhi High Court has held. The high court said qualified wives, having an earning capacity but desirous of remaining idle, should not set up a claim for interim maintenance. «Section 125 (order for maintenance of wives, children and parents) of the CrPC carries the legislative intent to maintain equality among the spouses, provide protection to the wives, children and parents, and not promote idleness» Justice Chandra Dhari Singh said in an order on Wednesday. The court passed the order while dismissing a woman's plea challenging a trial court's order denying her interim maintenance from her estranged husband. The court, however, encouraged the woman to actively look for a job to become self-sufficient as she already got wide exposure and is aware of the worldly affairs unlike other women who are not educated and completely dependent upon their spouses for basic sustenance. The couple got married in December 2019 and left for Singapore. It was alleged by the woman that owing to the cruelties done to her by her husband and his family, she returned to India in February 2021.

Oracle said on Wednesday it would provide Singapore's defense technology arm with «isolated» cloud computing and AI services, in the company's first such deal in Southeast Asia. Southeast Asian governments are frequent targets of cyber espionage campaigns and are facing escalating supply chain attacks, according to security researchers. Under the deal, the US firm will provide Singapore's armed forces and defense ministry with an «air-gapped» isolated cloud computing infrastructure — meaning that it will be cut off from the internet and connected instead to classified networks via encrypted devices.

Subscribe to enjoy similar stories. UBS said it will start the most complex part of its Credit Suisse integration in the coming months, as the banking giant deals with uncertainty amid global trade tensions and Swiss proposals to tighten capital rules. The Swiss banking group will begin the migration of former Credit Suisse client accounts in Switzerland to the UBS platform in the second quarter, it said in its annual report published Monday.

The projects include data centres from China's Beijing Haoyang Cloud&Data Technology, Singapore-based Empyrion Digital, and Thai company, GSA Data Center 02, it said. Beijing Haoyang's plan in Thailand includes a 300 megawatt data centre, valued at 72.7 billion baht, while the Thai firm has proposed a 13.5 billion baht investment for a 35 MW data centre.

Subscribe to enjoy similar stories. SINGAPORE—In 2002, with China’s shipyards producing just 8% of global commercial tonnage, then-Premier Zhu Rongji challenged his nation. “China," he said, “can hope to become the world’s No.

Subscribe to enjoy similar stories. At its best, Haldiram Snack Food Pvt. Ltd is a great example of a successful Indian family business.

Trust Company — a regulated digital asset custodian and infrastructure provider — to improve security of funds on its platform and rebuild user trust. In July 2024, WazirX parent firm Zettai Pte suffered a theft in which over USD 230 million was stolen from its platform. This incident left many users, known as creditors, with substantial financial losses. The collaboration aims to highlight the measures being taken to restore user trust, a company statement said.

Haldiram Snacks Food, India's biggest maker of bhujia and other ethnic snacks, Singaporean private equity firm Temasek signed a definitive agreement to buy 10% in the company at a valuation of $10 billion on Tuesday night, ET has reported based on information from executives directly aware of the developments. To command such a high valuation, Haldiram promoters, the Agarwal family, had been sprucing up its operations. The two business branches of the Haldiram group, Delhi and Nagpur, are being merged through a plan approved by the National Company Law Tribunal (NCLT). The promoter family also roped in a professional CEO in May 2023, a first for the company. Yet, the $10 billion ask by the promoters was not found convincing by several interested parties even though the iconic brand that started in 1937 with a tiny shop in the city of Bikaner in Rajasthan has grown into a mega business sprawling across products as well as territories, commanding leadership in a highly fragmented sector of ethnic savouries and snacks.

Elon Musk has once again drawn attention to South Korea’s falling birth rates, calling the situation a “catastrophic population collapse.” The billionaire entrepreneur made the statement in response to a post on X (formerly Twitter) that included a stark visualisation of the country’s demographic crisis. The highlighted portion of the post read: “In South Korea, where the total fertility rate is the lowest in the world at 0.68, every 200 fertile-age adults can expect to give life to 68 children; those children will produce 23 grandchildren, who will result in only eight great-grandchildren. That’s a 96 percent population decline over the course of three generations, and that’s if fertility stops decreasing and finally holds steady.” A user reacted to the alarming statistics by stating, “This is such an insane thing to visualise.” Musk replied with a brief but pointed response: “Catastrophic population collapse.”

Lip-Bu Tan may be one of the most powerful technology executives you've never heard of. As he steps into one of the highest-profile jobs on the planet, CEO of troubled, storied chipmaker Intel, his performance will be on full display. Tan, named Intel CEO on Wednesday, faces an enormous challenge in turning around the operations of a company that put the «silicon» in Silicon Valley. While little known to the public, his advantage is that virtually every one of Intel's former and potential customers knows him and has done business with him, either buying one of the many startups he backed or using software from a company he ran.

recession this year and a risk of lasting damage to the country's standing as an investment destination if the administration undermines trust in U.S. governance, according to J.P. Morgan's chief economist. «Where we stand now is with a heightened concern about the U.S. economy,» Bruce Kasman, the U.S. investment bank's chief global economist, told reporters in Singapore on Wednesday. He said he has not yet revised any forecasts, but put a roughly 40% recession risk into the outlook — up from about a 30% chance he had reckoned on at the start of the year. J.P. Morgan's current forecast is for 2% U.S. GDP growth this year. U.S. stocks have suffered their sharpest selloff in months over recent days as investors have grown nervous that President Donald Trump will slow the economy with import duties. Ninety-five percent of economists polled by Reuters last week across Canada, Mexico and the U.S. said recession risks in their economies had increased as a result of Trump's tariffs.

Singapore Exchange (SGX) plans to list Bitcoin perpetual futures as traditional exchanges push deeper into crypto derivative markets. Singapore's largest exchange group intends to launch the contracts in the second half of 2025, a spokesperson said in an emailed statement. The company will strictly target institutional clients and professional investors, with retail customers barred from trading the instruments.

Bharti Telecom Ltd (BTL) — the main promoter-level controlling company that owns 40.47% in Bharti Airtel — needs a much higher dividend payout from the Sunil Mittal-led telco from FY25 onwards to service its hefty interest costs, analysts said. This is since BTL’s estimated annualised finance cost at Rs 3,183.2 crore is sharply higher than the modest Rs 600.6 crore and Rs 876.9 crore in dividend income it received from Airtel in FY23 and FY24 respectively. According to analysts, BTL’s surging interest costs have been driven by its mounting debt — now at almost Rs 38,000 crore — as it has been regularly buying shares held by Airtel’s promoters — Singapore Telecommunications (Singtel) and the Mittal family.

Juniper Green Energy on Monday announced the commissioning of a 100-MW solar power project to supply electricity to Bhutan. The project facilitates an important cross-border agreement, aiming to provide 50 per cent of the power generated to Bhutan during winter months, the company said in a statement. This agreement enables Bhutan to directly import power from an Indian generator under a bilateral trade framework, it said. Naresh Mansukhani, CEO of Juniper Green Energy, said in the statement, «Our first cross-border energy trademarks an important achievement in energy integration. This initiative facilitates regional energy security by providing power to key sectors.»

Lenskart cofounder and CEO Peyush Bansal has stood out for building an omni-channel retail business in a competitive eyewear sector. The Gurgaon-based company managed to balance rapid scale with operational performance, growing to more than 2,500 stores in India and Southeast Asia, while keeping losses in check. “Businesses need to be built around a purpose and a mission, and sitting with India Inc’s top bosses, my belief has been further reinstated today,” said Bansal, who was adjudged the Entrepreneur of the Year at the ET Awards. “We are driven by the purpose of giving vision to people and I believe if you stay close to those values, rest everything will fall in place,” Bansal said, adding that the recognition takes the expectations from the company higher.

office and retail spaces in Gurugram to tap demand for top-quality green commercial properties. DLF Cyber City Developers Ltd (DCCDL) is a joint venture between DLF and Singapore's sovereign wealth fund GIC. DLF holds nearly 67 per cent stake in the JV firm. In its latest investors presentation for the third quarter of this fiscal, DLF informed that its rental arm DCCDL has commenced construction of 5.5 million (55 lakh) square feet of Grade A plus office spaces in the new phase of its ultra-premium commercial project 'DLF Downtown, Gurugram'.