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SpiceJet jumped nearly 8% to hit a fresh 52-week high of Rs 69.20 on Tuesday after the budget carrier expressed its interest to acquire Go First. The company plans to submit its offer after carrying out due diligence on the bankrupt carrier. Go First, which stopped flying on May 3 amid financial woes mainly triggered by Pratt & Whitney engine issues, is undergoing an insolvency resolution process, PTI reported. In a regulatory filing, SpiceJet said it «has expressed interest with the resolution professional of Go First and wish to submit an offer post diligence, with a view to creating a strong and viable airline in a possible combination with SpiceJet». The stock has been rallying on multiple triggers including the company's plans to consider fundraising options and also getting the stock listed on NSE. The no-frills airline, which is grappling with financial headwinds, last week announced raising around USD 270 million from various investors.

sugar output this crop year, hit by weak rains, is set to lag consumption for the first time in seven years, according to traders and a survey of farmers, and lower plantings may even force the world's No.2 producer to import in the following year. Driven by falling yields in two key producing states, Maharashtra and Karnataka, the sluggish outlook for the crop year that began in October reinforces expectations India will ban sugar exports in 2024. Sugar output could be even lower in the next crop year, which runs to September 2025. Low reservoir levels in Maharashtra and Karnataka, which together produce nearly half of India's sugar, are prompting many farmers to plant crops that need less water and mature faster than cane, such as sorghum and chickpeas, Reuters found in a survey of over 200 farmers. Reuters' calculations based on the survey showed output could fall this crop year and next, in line with traders' internal forecasts. Consumption is expected to rise over the same period. While the survey covers a small sample of farmers in key areas, it shows growing pressures that could force India, which supplies 12% of globally traded sugar, to become a net importer from as early as the first half of 2025, industry insiders told Reuters, in what would be a major reversal. The prospect of this year's crop falling short of forecasts and India being forced to import sugar for the first time since 2017 threatens to drive up global prices, which already hit multi-year highs last month.

Madhya Pradesh, stone balls revered by locals for generations have been identified as fossilised dinosaur eggs by experts from Lucknow's Birbal Sahni Institute of Palaeosciences, according to a TOI report. Dhar district's Padlya village resident Vesta Mandaloi has worshipped these palm-sized balls as "Kakar Bhairav '' or the lord of the land, following a family tradition. Many families in the village also worshipped these 'balls,' believed to protect farmland and cattle. Recently, experts from the Birbal Sahni Institute of Palaeosciences visited the area and determined that these stone balls were actually fossilised eggs of dinosaurs, specifically belonging to the Titanosaurus species. Scientists suggest that millions of years ago, the Narmada Valley in Madhya Pradesh served as a dinosaur hatchery zone.

Tata Power Company Ltd. slipped 0.66 per cent to Rs 334.75 in Tuesday's trade as of 12:23PM (IST). The stock hit a high price of Rs 338.85 and low of Rs 330.55 during the session.

sugarcane to produce ethanol could increase the closing stocks of sugar from the multi-year low of the previous season, leading to some moderation in the soaring sugar prices, say experts and industry stakeholders. Industry observers say as the government has a focus on the ethanol blending programme, more relaxation is likely if sugar surplus is in line with the estimates after the crushing season ends in the first quarter of FY25. Khushbu Lakhotia, Director, India Ratings & Research, says: “While the government has now allowed ethanol production through both cane juice and B- heavy (a category based on sucrose content) molasses, the sugar diversion has been capped at 1.7 million tonnes (MT), which is around 60% lower than the last season and similar to the diversion without cane juice under the order passed on December 7. Even under the revised order, India’s sugar production could increase by 2-2.5 MT to around 31 MT.

Max Healthcare Institute on its plea for stopping the sale of Care Hospitals to the Blackstone Group. Justice Manish Pitale in an oral order, upheld a July 19 order passed by the arbitrator by which he refused to grant urgent interim relief to the listed hospital chain and also refused to grant status quo as regards third-party rights.

hiring numbers in calendar year 2024 compared to the previous year, with manufacturing, automotive and BFSI leading hiring. According to the Taggd India Decoding Jobs 2024 report released on Tuesday, 60% companies plan to hire for hybrid roles in 2024 compared to 56% in 2023. Devashish Sharma, CEO of digital recruitment platform Taggd said, “Positive trends in hiring, especially in sectors like automotive, manufacturing, and BFSI, indicate a dynamic recovery.

Indian Bank with a target price of Rs 525. The current market price of Indian Bank is Rs 448.15. Indian Bank, incorporated in the year 1907, is a banking company (having a market cap of Rs 55621.40 Crore).

Delhi High Court has fixed January 4 for hearing on a plea moved by Trinamool Congress (TMC) leader Mahua Moitra seeking the quashing of notice issued by the Directorate of Estate cancelling her government allocated accommodation in Delhi. The Trinamool Congress leader had approached the court challenging cancellation of her govt accommodation. It may be noted here that she had been asked to vacate her official residence by January 7. Motra's petition had urged that the «Directorate of Estates' December 11 order be set aside or, in the alternative, Moitra be allowed to retain possession of the accommodation till the results of the 2024 Lok Sabha elections are declared.» In her plea before the court, Moitra said the Directorate of Estates' order has been issued following her expulsion from the Lok Sabha. According to the petition, «The impugned order is premature as the validity of the petitioner's expulsion is pending adjudication before the Supreme Court of India.» «In such circumstances — where whether the petitioner is an 'unauthorised occupant' at all is under adjudication before the highest constitutional court of the land — the respondent no.

Sales of construction equipment — a barometer of economic activity — is expected to grow in strong double-digits for the second straight year to a record this financial year spurred by increased government spending on infrastructure development, ahead of general elections next year, said three of the country's leading construction equipment makers. Sales of construction equipment have risen by nearly a fifth since April and are likely to close the year at 125,000-130,000 units, breaching the previous peak of 107,779 units in FY23, said Dimitrov Krishnan, head of Volvo CE India. Prior to this, construction equipment makers had reported record sales of 98,000 units in the pre-pandemic year of FY19. «Among major markets (for construction equipment), while North America is still growing, China is a big problem with sales declining 50% this year.

Federal Reserve could move. While a few Fed officials have pushed back against surging market expectations of rate cuts, markets are still pricing in about a 69% chance of a Fed rate cut in March, according to the CME FedWatch tool, Reuters reported.

DLF Ltd. traded 0.3 per cent up at Rs 699.6 at around 11:42AM (IST) on Tuesday. The stock had closed at Rs 697.45 in the previous session.

Zee Entertainment Enterprises lost nearly 5 percent in intraday trading on Tuesday following a report by Mint indicating that Sony Pictures is unlikely to extend the timeline for the $10 billion merger of its India Business with Zee. The development puts the country's largest-ever entertainment deal on the brink of collapse after enduring months of discussions, particularly concerning the appointment of a CEO for the combined entity. The uncertainty surrounding the merger's fate has added to the ongoing challenges and debates within the companies involved.

Dunki Advance Booking: Shah Rukh Khan’s next movie Dunki, directed by Rajkumar Hirani, has witnessed a spectacular start with its advance bookings. For Day 1, it has signalled a strong performance at the Indian Box Office. The movie will be released on December 21.

winter session, saying that the mother of democracy has orphaned it. He urged citizens to take the onus of ensuring the 'survival of democracy'. In a post on X (formerly Twitter), Sibal wrote, “Mother of Democracy.

To mark China’s National Day on October 1st the Communist Youth League sent a message to its nearly 18m followers on Weibo, a microblog platform. “Today, as protagonists of this era, we will write new legends on this sacred land!" it proclaimed. Attached was a music video, its lyrics suffused with patriotic rhetoric and interspersed with clips of speeches by Mao Zedong and the country’s current leader, Xi Jinping.

The Globe and Mail first published those allegations, which stemmed from a resignation letter from Dr. Braden Manns, who was an interim VP at AHS.In the letter verified by Global News, Manns said he was resigning because the premier “was reaching down four levels into AHS” to instruct that Hinshaw’s contract be pulled.“Well, I can tell you that I put Dr.

romance scam, including a man claiming to be a U.S. sergeant, who contacted her mom online.Throughout two-and-a-half years, the man allegedly told Jarmila Westguard he loved her.He also said if she helped him “escape” — they could be together.That’s when she said, the asks for money started pouring in.“My mom was the type of woman that if you were good to her — she opened up her heart,” Westguard said.“This person convinced her to sell her home. She then started wire transferring him significant amounts of money.

The leaders of Italy and the U.K. have agreed to tackle irregular migration to Europe

A member of Britain’s House of Lords has acknowledged that she repeatedly lied about her links to a company that was awarded lucrative contracts to supply protective equipment during the coronavirus pandemic

Russian state new agencies have reported that delegates from Russia's ruling party have unanimously backed President Vladimir Putin's bid for reelection at a party conference in Moscow