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Airport in Karnataka is set to commence operations on August 31, with the first domestic flight arriving in this central Karnataka town, HT reported. The airport, named after renowned Kannada poet Kuvempu, was inaugurated on February 27 by Prime Minister Narendra Modi. Also read: PM Modi inaugurates Shivamogga airport in Karnataka The inaugural Indigo flight will depart from Bengaluru's Kempe Gowda International Airport at 9:50 am and land at Shivamogga Airport at 11:05 am, reported HT.

LTIMindtree Ltd. rose 0.96 per cent to Rs 5188.55 in Wednesday's trade as of 12:54PM (IST) even as the benchmark Nifty ruled at 19434.0, up 91.35 points. The scrip had closed at Rs 5138.95 in the previous session.

«In fact, August numbers in the industry predicted to be just around the 355,000 mark which could make it the highest ever month also. Last was September 2022, which was 3,55,400 odd vehicles. So, yes, it has been a great run so far,» says Shashank Srivastava, Maruti Suzuki India.Industry channel checks have been indicating that in the month of August, the passenger vehicle demand was actually up 9% and Maruti sales were higher than the industries. What has been your analysis, whether this is a trend which is here to stay?So far this year has gone very well for the auto industry. So, we have seen a record April, highest ever April, the highest ever May, highest ever June, highest ever July, looks like the highest ever August. In fact, August numbers in the industry predicted to be just around the 355,000 mark which could make it the highest ever month also. Last was September 2022, which was 3,55,400 odd vehicles. So, yes, it has been a great run so far. And now we are into the festive season, the beginning in Onam festival in Kerala, that is where the festive season starts, has been pretty good, almost a 25% jump in retails. So, I think so far going is good. We have those couple of question marks though going forward. But yes, it has been good so far for the auto industry this year.

Also Read: Raksha Bandhan 2023: Rakhi wishes, auspicious time to celebrate and more As per media reports, Bhardwaj revealed that he has enlisted the services of an agency to carry out this undertaking. More than 10 skilled craftsmen are currently involved in the creation of the rakhi, utilizing materials such as fabric, cardboard, thermocol sheets, and wood.

Adani group companies' shares. A TOI report on Wednesday showed that the central investigative agency has shared its intelligence related to these 16 entities, which includes foreign portfolio investors (FPIs) with Securities and Exchange Board of India (Sebi).

booking flight tickets. “For searches with reliable trend data, you’ll now see when prices have typically been lowest to book your chosen dates and destination," Google said in the blog post. The new insights could tell you that the cheapest time to book similar trips is usually two months before departure, and currently, you are in that sweet spot.

Suzlon Energy hit a 5% upper circuit at Rs 26 in Wednesday's trade on BSE, taking their winning run to the fourth straight session as sentiment for the stock ran high. Meanwhile, in the last four trading sessions, Suzlon Energy shares have surged over 20%. Suzlon Energy also delivered multibagger returns to its investors, as the stock has rallied over 140% year-to-date. It has also jumped over 200% in the last six months and gained over 350% in the past two years. Earlier last week, the firm announced a significantly large new order acquisition for its 3 MW series of wind turbines from Teq Green Power XI Private Limited, part of O2 Power Private Limited. Suzlon will install 64 of its largest wind turbine generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower and a rated capacity of 3.15 MW each for the 201.6 MW wind power project, the company said in an exchange filing. Suzlon will supply the wind turbines (equipment supply) and execute the project including erection and commissioning.

Indians are now considering gold loans as smart loans due to their faster processing and flexible repayment options, says George Alexander Muthoot, MD, Muthoot Finance. The NBFC, which has received permission from the RBI to open 114 new branches, is optimistic about growing its gold loan book by 10-15% in FY24. Edited excerpts from an interview:Your loan AUM rose 21% YoY to Rs 76,799 crore in Q1. What is the guidance ahead of the festive season?We are delighted to report strong growth in an otherwise challenging macro environment. In Q1FY24, we reported the highest-ever quarterly gold loan disbursement of Rs 53,612 crore and achieved an all-time high gold loan portfolio growth for any Q1. Our consolidated loan AUM grew 21% YoY to Rs 76,799 crore and consolidated profit after tax grew 27% YoY at Rs 1,045 crore. Over the past several years, we have observed a paradigm shift in the perception of gold loans. More customers now consider gold loans as smart loans due to their faster processing and flexible repayment options.

flights more convinient, Google Flights has unveiled a new feature known as "Insights," designed to assist travelers in making informed decisions about when to book their flight tickets for the best prices. Building upon its existing offerings such as price tracking and comparison tools, this feature utilizes historical flight data to recommend the optimal time to secure flight bookings at the most affordable rates.Google Insights Functionality: The newly launched Insights feature serves as a guide for users, leveraging historical flight data to identify patterns in ticket pricing.

Trump mocking the former US President's latest arrest in an alleged racketeering case to overturn the outcome of Georgia's vote count in the 2020 presidential election, has landed a No. 2 spot on the iTunes chart. 'First Day Out' by artist Hi-Rez, who masquerades as «Trump the Don», has skyrocketed to the top of the iTunes Hip-Hop charts since it was released last week as the former President was taking his infamous mug shot inside a Georgia jail, reports The New York Post.

International Cricket Council (ICC) and the Board of Control for Cricket in India (BCCI) collaborated with Mastercard, reserving a portion of the ODI World Cup tickets for India matches to be accessible to Mastercard holders starting August 29. However, the designated ticketing partner, BookMyShow, encountered a few hurdles, prompting a wave of disappointment among fans who eagerly anticipated snagging their seats via the platform. “What a scam!! Such a pathetic ticket booking system for ICC Cricket World Cup.

Shibani Sircar Kurian, Senior EVP, Fund Manager & Head -Equity Research, Kotak Mahindra Asset Management, says “our valuations are slightly above long term averages. We do expect to contend with some degree of volatility in the near term. Of course, if there is any correction in the market, as long as earnings delivery continues, that would possibly be an opportunity. But at this point in time, we believe that given that valuations are somewhat elevated, markets could see some degree of volatility.”What is your take on a very boring market? Is it the time to consolidate and look at the bets that you want to add in your portfolio? If you look at it in two parts, we have nothing to complain about the terms of the fundamentals and the delivery on the earnings side. Even in the earning season gone by, the overall earnings trajectory for the broader market was largely in line with estimates and there have been no major earnings downgrades for both FY24 and FY25. So the earnings trajectory remains fairly healthy. However, we have to contend that today in the markets valuations are not cheap and are above long term averages. Whether you look at price to earnings, you look at price to book, you look at yield gap, or market cap to GDP, on every parameter, the market is telling you that valuations today vis-à-vis long term averages are above the mean level.

Deven Choksey, MD, KRChoksey Holdings Pvt. Ltd, says “somewhere in 2024, at the end of the first quarter or in the beginning of the second quarter, I would like to book profits into some of these companies which are rallying faster compared to their earnings that could be the opportunity at that point of time. As of now, it makes sense to stay invested into these companies, given the kind of swing that we are experiencing in the business condition that these companies are at this point of time.”What do you make of the possible turnaround stories like Indiabulls Housing? They have already repaid over Rs 2,200 crore as of last week. They have cleared all $3 billion of ECBs as well. They are not just looking at a name change, but they have also applied to the regulator to become an NBFC. Do you think this is a case that one could look at?Honestly, the kind of restructuring moves that they have taken are suggesting that they are in for some serious business turnaround. However, how much impact it will bring in the near to long term, is not very clear at this point of time. Maybe furthermore, deep research into the subject will be required before we can comment on this issue.

Sensex and Nifty closed higher on Tuesday, marking their second straight day of gains amid buoyancy of the global market in anticipation of no further Fed rate hikes. Stocks that were in focus included names like RCF, which rose 2.58%, SJVN, which gained 1.23%, and Piramal Enterprises, whose shares declined 4.30% on Tuesday. Here's what Viral Chheda, Sr Technical Analyst at SSJ Finance & Securities, recommends investors should do with these stocks when the market resumes trading today:RCF — BuyIn the daily chart price has witnessed an upside rally from low of 89.50 to a high of 119 odd levels. During the upside rally price has made the higher top higher bottom pattern as bulls were having upper hand on bears. At higher level price gave some correction till 105 to take the support of previous bottom and after consolidating around lower level price gave sharp upside rally to make new highs of 128 odd levels. Volumes were on rise as buyers were in full control to take the price away from sellers.

This will also mean the loss of opportunity to widen their customer base with a number of foreign nationals visiting India, said representatives of multiple retailers' associations.SOTC and MakeMyTrip are, however, seeing a rise in business thanks to those choosing to skip out of the NCR during that period shooting up in the last few days. Schools, colleges and some private offices are shut and the rest will turn to remote working, executives told ET. «Given that schools will be closed, also certain corporates, businesses, we are witnessing an unusual surge in travel,» said Indiver Rastogi, president and group head, global business travel, Thomas Cook (India) and SOTC. Rajesh Magow, cofounder and group CEO, MakeMyTrip, said, «The government's official holiday announcement over the G20 meet days has triggered an increase in searches for cities within drivable distance from Delhi.»Security measure MakeMyTrip has seen a surge in searches for accommodation bookings in destinations such as Sawai Madhopur, Manesar, Amritsar, Vrindavan, Agra, Udaipur, Jaipur etc.

A team investigating sexual assault allegations against the late founder of a talent agency for boy bands says it has found the charges credible and is calling for financial compensation for the victims

stocks are at yearly or historical highs following the recent run-up in the market. But there is still scope for some of them to move up further from the current levels. Analysts have raised the price targets of some of the stocks since the beginning of August.

Qantas says getting money back to customers “is an expensive task” but that it is “not shy” about doing so, although it refused to commit to sending physical mail to people in credit for flights not taken.

Karnam Sekar, the chairman of the much-hyped 'bad bank', has resigned amid growing differences over the unique structure and functioning of the institution that was set up a year ago to acquire the sticky loans of high-street banks. Sekar put in his papers on August 19, close on the heels of a proposal to merge National Asset Reconstruction Company of India (NARCL) — the bad bank — with India Debt Resolution Company Ltd (IDRCL) which acted as an 'agent' to NARCL, two persons aware of the developments told ET. The merger proposal emanated from IDRCL which is headed by Diwakar Gupta, former managing director of State Bank of India (SBI).The public sector NARCL and the private sector IDRCL were set up as twin organisations — with the former positioned as the 'principal' entity functioning as an asset reconstruction company while the latter operating as a resolution 'agent'. Sekar, former deputy MD of SBI, stepped down after this arrangement under the dual framework came under question. Responding to queries from ET, NARCL managing director N Sunder said, «While it is true that Karnam Sekar has resigned from the board of NARCL, those were for strictly personal reasons only.

₹1.2-1.3 trillion. Ajay Piramal, chairman and executive director, Piramal Enterprises, said if the Reserve Bank of India (RBI) allows certain non-banking financial companies (NBFCs) to accept public deposits, it will lessen their dependence on bank funding. Edited excerpts: Earlier, NBFCs used to have some advantage; there was a little more loosening in terms of RBI control compared to banks.

World Cup clash between India and Pakistan in Ahmedabad on October 14 has been sold out within an hour after ICC's ticketing partner 'Book My Show' opened its exclusive pre-sale window. While there will be another round of general sale for the India-Pakistan match on September 3, there is a chance that there would be a complete sell-out within hours, like it happened on Tuesday for all the Mastercard holders. It couldn't be confirmed as to how many tickets were put online during the pre-sale window for all India matches and the warm-up games but it has been learnt that, after the sales opened at 6 pm IST, within an hour, all tickets on the day were exhausted. The 'Book My Show' website put a 'Sold Out' caption on the Pakistan game, which wasn't the case for the other eight India games. «Today it was only for those who owned a Mastercard (credit or debit, India and international).