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IndiaTV Business: Google News Feed: Digest for June 22, 2023

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Vikas Ecotech, a leading provider of high-end specialty chemicals, is riding high post-raising funds via Qualified Institutional Placement (QIP) route and FIIs liquidity. The stock has made its investors wealthier by a whopping 76 percent in a year, according to BSE data.

Rs 2,000 note withdrawal can boost GDP growth: Report

Monday 19 June 2023 01:36 PM UTC+00
The Rs 2,000 note withdrawal decision and response to it so far suggest that the move can help boost FY24 GDP growth to beyond 6.5 per cent estimated by the RBI, a report said on Monday.
Bombay High Court on RBI Circular: The Bombay High Court on Monday granted an interim stay on the Reserve Bank of India's master circulars' effect which allowed the banks to declare any account as a fraud account without conducting a hearing.

IndiGo to buy 500 airbus planes in biggest aviation deal

Monday 19 June 2023 02:01 PM UTC+00
IndiGo placed an order for 500 Airbus A320 Family aircraft, the airline company said.
Adani Transmission has received the nod of shareholders to raise Rs 8,500 crore through the issuance of equity shares on a qualified institutional placement basis. According to the company's BSE filing, 98.64 per cent of shareholders voted in favour of the resolution and allowed it to raise the funds.
HMA Agro Industries IPO: The initial public offering (IPO) of HMA Agro Industries will open for subscription on Tuesday (June 20). The three-day subscription window will conclude on June 23.
Tata Power has planned to double its capital expenditure to Rs 12,000 crore in the current fiscal, with a focus on renewables, distribution, transmission and solar equipment manufacturing capacity. "To meet the growth targets, your company (Tata Power) plans to invest about Rs 12,000 crore, which is double the capex spent in FY23," Tata Power Chairman Natarajan Chandrasekaran said while addressing the 104th annual general meeting on Monday.
The Directorate General of Civil Aviation (DGCA) has given its nod to full-service carrier Vistara and no-frills IndiGo to operate new international flights from August. According to a senior official said, Vistara had sought the regulator's permission to launch its flight services to Bali in Indonesia from New Delhi while Vistara had proposed to launch air connectivity to Georgia's capital Tbilisi from New Delhi.
Edtech major BYJU's has laid off close to 1,000 employees across departments as part of its restructuring process, sources aware of the development said on Monday. The fresh round of firing comes at a time when the company has entered into a legal battle with lenders in the US for USD 1 billion term loan B.
The current Managing Director of the State Bank of India (SBI) Swaminathan Janakiraman has been appointed as the Deputy Governor of the Reserve Bank of India by the government on Tuesday.  
Vikas Ecotech, a leading provider of high-end specialty chemicals, is riding high post-raising funds via Qualified Institutional Placement (QIP) route and FIIs liquidity. The stock has made its investors wealthier by a whopping 76 percent in a year, according to BSE data.

Rs 2,000 note withdrawal can boost GDP growth: Report

Monday 19 June 2023 01:36 PM UTC+00
The Rs 2,000 note withdrawal decision and response to it so far suggest that the move can help boost FY24 GDP growth to beyond 6.5 per cent estimated by the RBI, a report said on Monday.
Bombay High Court on RBI Circular: The Bombay High Court on Monday granted an interim stay on the Reserve Bank of India's master circulars' effect which allowed the banks to declare any account as a fraud account without conducting a hearing.

IndiGo to buy 500 airbus planes in biggest aviation deal

Monday 19 June 2023 02:01 PM UTC+00
IndiGo placed an order for 500 Airbus A320 Family aircraft, the airline company said.
Adani Transmission has received the nod of shareholders to raise Rs 8,500 crore through the issuance of equity shares on a qualified institutional placement basis. According to the company's BSE filing, 98.64 per cent of shareholders voted in favour of the resolution and allowed it to raise the funds.
HMA Agro Industries IPO: The initial public offering (IPO) of HMA Agro Industries will open for subscription on Tuesday (June 20). The three-day subscription window will conclude on June 23.
Tata Power has planned to double its capital expenditure to Rs 12,000 crore in the current fiscal, with a focus on renewables, distribution, transmission and solar equipment manufacturing capacity. "To meet the growth targets, your company (Tata Power) plans to invest about Rs 12,000 crore, which is double the capex spent in FY23," Tata Power Chairman Natarajan Chandrasekaran said while addressing the 104th annual general meeting on Monday.
The Directorate General of Civil Aviation (DGCA) has given its nod to full-service carrier Vistara and no-frills IndiGo to operate new international flights from August. According to a senior official said, Vistara had sought the regulator's permission to launch its flight services to Bali in Indonesia from New Delhi while Vistara had proposed to launch air connectivity to Georgia's capital Tbilisi from New Delhi.
Edtech major BYJU's has laid off close to 1,000 employees across departments as part of its restructuring process, sources aware of the development said on Monday. The fresh round of firing comes at a time when the company has entered into a legal battle with lenders in the US for USD 1 billion term loan B.
The current Managing Director of the State Bank of India (SBI) Swaminathan Janakiraman has been appointed as the Deputy Governor of the Reserve Bank of India by the government on Tuesday.  
Bombay High Court on RBI Circular: The Bombay High Court on Monday granted an interim stay on the Reserve Bank of India's master circulars' effect which allowed the banks to declare any account as a fraud account without conducting a hearing.

IndiGo to buy 500 airbus planes in biggest aviation deal

Monday 19 June 2023 02:01 PM UTC+00
IndiGo placed an order for 500 Airbus A320 Family aircraft, the airline company said.
Adani Transmission has received the nod of shareholders to raise Rs 8,500 crore through the issuance of equity shares on a qualified institutional placement basis. According to the company's BSE filing, 98.64 per cent of shareholders voted in favour of the resolution and allowed it to raise the funds.
HMA Agro Industries IPO: The initial public offering (IPO) of HMA Agro Industries will open for subscription on Tuesday (June 20). The three-day subscription window will conclude on June 23.
Tata Power has planned to double its capital expenditure to Rs 12,000 crore in the current fiscal, with a focus on renewables, distribution, transmission and solar equipment manufacturing capacity. "To meet the growth targets, your company (Tata Power) plans to invest about Rs 12,000 crore, which is double the capex spent in FY23," Tata Power Chairman Natarajan Chandrasekaran said while addressing the 104th annual general meeting on Monday.
The Directorate General of Civil Aviation (DGCA) has given its nod to full-service carrier Vistara and no-frills IndiGo to operate new international flights from August. According to a senior official said, Vistara had sought the regulator's permission to launch its flight services to Bali in Indonesia from New Delhi while Vistara had proposed to launch air connectivity to Georgia's capital Tbilisi from New Delhi.
Edtech major BYJU's has laid off close to 1,000 employees across departments as part of its restructuring process, sources aware of the development said on Monday. The fresh round of firing comes at a time when the company has entered into a legal battle with lenders in the US for USD 1 billion term loan B.
The current Managing Director of the State Bank of India (SBI) Swaminathan Janakiraman has been appointed as the Deputy Governor of the Reserve Bank of India by the government on Tuesday.  
Air India on Tuesday signed agreements with Airbus and Boeing for acquiring 470 planes for an estimated USD 70 billion at list prices.     The Tata Group-owned airline announced that it will buy 470 aircraft, including wide-body planes, in February this year.     The "firm orders include 34 A350-1000, 6 A350-900, 20 Boeing 787 Dreamliners and 10 Boeing 777X widebody aircraft, as well as 140 Airbus A320neo, 70 Airbus A321neo, and 190 Boeing 737MAX narrow-body aircraft," the airline said in a release.     The purchase agreements were signed on the sidelines of the ongoing Paris Air Show.     Air India said the agreements go "one step further in its USD 70 billion (based on list prices) fleet expansion program that it announced in February this year".     The Airbus A350 will lead the deliveries of the new aircraft later this year, with the bulk of the order to arrive from mid-2025 onwards, it said.     N Chandrasekaran, Chairman of Tata Sons and Air India, said the landmark step further positions Air India for long-term growth and success that, "we have every hope, will come together to represent the best of modern aviation to the world".      Air India has already started taking delivery of 11 leased B777 and 25 A320 aircraft to accelerate its fleet and network expansion.     Campbell Wilson, Air India CEO, and MD said its ambitious fleet renewal and expansion programme will see the airline operate the most advanced and fuel-efficient aircraft across its route network within five years.     Satair, an Airbus company, and Boeing Global Services will support Air India with a broad range of solutions, including parts and maintenance provisioning, digital applications, and modification services.
Benchmark indices climbed in early trade on Wednesday, with the BSE Sensex hitting its lifetime high of 63,588.31, amid buying in index majors HDFC twins and Reliance Industries.
Bombay High Court on RBI Circular: The Bombay High Court on Monday granted an interim stay on the Reserve Bank of India's master circulars' effect which allowed the banks to declare any account as a fraud account without conducting a hearing.

IndiGo to buy 500 airbus planes in biggest aviation deal

Monday 19 June 2023 02:01 PM UTC+00
IndiGo placed an order for 500 Airbus A320 Family aircraft, the airline company said.
Adani Transmission has received the nod of shareholders to raise Rs 8,500 crore through the issuance of equity shares on a qualified institutional placement basis. According to the company's BSE filing, 98.64 per cent of shareholders voted in favour of the resolution and allowed it to raise the funds.
HMA Agro Industries IPO: The initial public offering (IPO) of HMA Agro Industries will open for subscription on Tuesday (June 20). The three-day subscription window will conclude on June 23.
Tata Power has planned to double its capital expenditure to Rs 12,000 crore in the current fiscal, with a focus on renewables, distribution, transmission and solar equipment manufacturing capacity. "To meet the growth targets, your company (Tata Power) plans to invest about Rs 12,000 crore, which is double the capex spent in FY23," Tata Power Chairman Natarajan Chandrasekaran said while addressing the 104th annual general meeting on Monday.
The Directorate General of Civil Aviation (DGCA) has given its nod to full-service carrier Vistara and no-frills IndiGo to operate new international flights from August. According to a senior official said, Vistara had sought the regulator's permission to launch its flight services to Bali in Indonesia from New Delhi while Vistara had proposed to launch air connectivity to Georgia's capital Tbilisi from New Delhi.
Edtech major BYJU's has laid off close to 1,000 employees across departments as part of its restructuring process, sources aware of the development said on Monday. The fresh round of firing comes at a time when the company has entered into a legal battle with lenders in the US for USD 1 billion term loan B.
The current Managing Director of the State Bank of India (SBI) Swaminathan Janakiraman has been appointed as the Deputy Governor of the Reserve Bank of India by the government on Tuesday.  
Air India on Tuesday signed agreements with Airbus and Boeing for acquiring 470 planes for an estimated USD 70 billion at list prices.     The Tata Group-owned airline announced that it will buy 470 aircraft, including wide-body planes, in February this year.     The "firm orders include 34 A350-1000, 6 A350-900, 20 Boeing 787 Dreamliners and 10 Boeing 777X widebody aircraft, as well as 140 Airbus A320neo, 70 Airbus A321neo, and 190 Boeing 737MAX narrow-body aircraft," the airline said in a release.     The purchase agreements were signed on the sidelines of the ongoing Paris Air Show.     Air India said the agreements go "one step further in its USD 70 billion (based on list prices) fleet expansion program that it announced in February this year".     The Airbus A350 will lead the deliveries of the new aircraft later this year, with the bulk of the order to arrive from mid-2025 onwards, it said.     N Chandrasekaran, Chairman of Tata Sons and Air India, said the landmark step further positions Air India for long-term growth and success that, "we have every hope, will come together to represent the best of modern aviation to the world".      Air India has already started taking delivery of 11 leased B777 and 25 A320 aircraft to accelerate its fleet and network expansion.     Campbell Wilson, Air India CEO, and MD said its ambitious fleet renewal and expansion programme will see the airline operate the most advanced and fuel-efficient aircraft across its route network within five years.     Satair, an Airbus company, and Boeing Global Services will support Air India with a broad range of solutions, including parts and maintenance provisioning, digital applications, and modification services.
Benchmark indices climbed in early trade on Wednesday, with the BSE Sensex hitting its lifetime high of 63,588.31, amid buying in index majors HDFC twins and Reliance Industries.
Adani Transmission has received the nod of shareholders to raise Rs 8,500 crore through the issuance of equity shares on a qualified institutional placement basis. According to the company's BSE filing, 98.64 per cent of shareholders voted in favour of the resolution and allowed it to raise the funds.
HMA Agro Industries IPO: The initial public offering (IPO) of HMA Agro Industries will open for subscription on Tuesday (June 20). The three-day subscription window will conclude on June 23.
Tata Power has planned to double its capital expenditure to Rs 12,000 crore in the current fiscal, with a focus on renewables, distribution, transmission and solar equipment manufacturing capacity. "To meet the growth targets, your company (Tata Power) plans to invest about Rs 12,000 crore, which is double the capex spent in FY23," Tata Power Chairman Natarajan Chandrasekaran said while addressing the 104th annual general meeting on Monday.
The Directorate General of Civil Aviation (DGCA) has given its nod to full-service carrier Vistara and no-frills IndiGo to operate new international flights from August. According to a senior official said, Vistara had sought the regulator's permission to launch its flight services to Bali in Indonesia from New Delhi while Vistara had proposed to launch air connectivity to Georgia's capital Tbilisi from New Delhi.
Edtech major BYJU's has laid off close to 1,000 employees across departments as part of its restructuring process, sources aware of the development said on Monday. The fresh round of firing comes at a time when the company has entered into a legal battle with lenders in the US for USD 1 billion term loan B.
The current Managing Director of the State Bank of India (SBI) Swaminathan Janakiraman has been appointed as the Deputy Governor of the Reserve Bank of India by the government on Tuesday.  
Air India on Tuesday signed agreements with Airbus and Boeing for acquiring 470 planes for an estimated USD 70 billion at list prices.     The Tata Group-owned airline announced that it will buy 470 aircraft, including wide-body planes, in February this year.     The "firm orders include 34 A350-1000, 6 A350-900, 20 Boeing 787 Dreamliners and 10 Boeing 777X widebody aircraft, as well as 140 Airbus A320neo, 70 Airbus A321neo, and 190 Boeing 737MAX narrow-body aircraft," the airline said in a release.     The purchase agreements were signed on the sidelines of the ongoing Paris Air Show.     Air India said the agreements go "one step further in its USD 70 billion (based on list prices) fleet expansion program that it announced in February this year".     The Airbus A350 will lead the deliveries of the new aircraft later this year, with the bulk of the order to arrive from mid-2025 onwards, it said.     N Chandrasekaran, Chairman of Tata Sons and Air India, said the landmark step further positions Air India for long-term growth and success that, "we have every hope, will come together to represent the best of modern aviation to the world".      Air India has already started taking delivery of 11 leased B777 and 25 A320 aircraft to accelerate its fleet and network expansion.     Campbell Wilson, Air India CEO, and MD said its ambitious fleet renewal and expansion programme will see the airline operate the most advanced and fuel-efficient aircraft across its route network within five years.     Satair, an Airbus company, and Boeing Global Services will support Air India with a broad range of solutions, including parts and maintenance provisioning, digital applications, and modification services.
Benchmark indices climbed in early trade on Wednesday, with the BSE Sensex hitting its lifetime high of 63,588.31, amid buying in index majors HDFC twins and Reliance Industries.
Prime Minister Narendra Modi has met leading American economist Prof Paul Romer, investor and co-founder of the hedge fund, Bridgewater Associates Ray Dalio, and other eminent thought leaders and exchanged views and briefed them about the reform trajectory of his government to foster economic growth.
As part of its expansion plans, Akasa Air said on Wednesday that it would acquire four additional Boeing 737 Max aircraft and would announce a "three-digit" aircraft order later this year. In addition to the initial order book of 72 Boeing 737 Max aircraft, these four aircraft will be delivered.
HMA Agro Industries IPO: The initial public offering (IPO) of HMA Agro Industries will open for subscription on Tuesday (June 20). The three-day subscription window will conclude on June 23.
Tata Power has planned to double its capital expenditure to Rs 12,000 crore in the current fiscal, with a focus on renewables, distribution, transmission and solar equipment manufacturing capacity. "To meet the growth targets, your company (Tata Power) plans to invest about Rs 12,000 crore, which is double the capex spent in FY23," Tata Power Chairman Natarajan Chandrasekaran said while addressing the 104th annual general meeting on Monday.
The Directorate General of Civil Aviation (DGCA) has given its nod to full-service carrier Vistara and no-frills IndiGo to operate new international flights from August. According to a senior official said, Vistara had sought the regulator's permission to launch its flight services to Bali in Indonesia from New Delhi while Vistara had proposed to launch air connectivity to Georgia's capital Tbilisi from New Delhi.
Edtech major BYJU's has laid off close to 1,000 employees across departments as part of its restructuring process, sources aware of the development said on Monday. The fresh round of firing comes at a time when the company has entered into a legal battle with lenders in the US for USD 1 billion term loan B.
The current Managing Director of the State Bank of India (SBI) Swaminathan Janakiraman has been appointed as the Deputy Governor of the Reserve Bank of India by the government on Tuesday.  
Air India on Tuesday signed agreements with Airbus and Boeing for acquiring 470 planes for an estimated USD 70 billion at list prices.     The Tata Group-owned airline announced that it will buy 470 aircraft, including wide-body planes, in February this year.     The "firm orders include 34 A350-1000, 6 A350-900, 20 Boeing 787 Dreamliners and 10 Boeing 777X widebody aircraft, as well as 140 Airbus A320neo, 70 Airbus A321neo, and 190 Boeing 737MAX narrow-body aircraft," the airline said in a release.     The purchase agreements were signed on the sidelines of the ongoing Paris Air Show.     Air India said the agreements go "one step further in its USD 70 billion (based on list prices) fleet expansion program that it announced in February this year".     The Airbus A350 will lead the deliveries of the new aircraft later this year, with the bulk of the order to arrive from mid-2025 onwards, it said.     N Chandrasekaran, Chairman of Tata Sons and Air India, said the landmark step further positions Air India for long-term growth and success that, "we have every hope, will come together to represent the best of modern aviation to the world".      Air India has already started taking delivery of 11 leased B777 and 25 A320 aircraft to accelerate its fleet and network expansion.     Campbell Wilson, Air India CEO, and MD said its ambitious fleet renewal and expansion programme will see the airline operate the most advanced and fuel-efficient aircraft across its route network within five years.     Satair, an Airbus company, and Boeing Global Services will support Air India with a broad range of solutions, including parts and maintenance provisioning, digital applications, and modification services.
Benchmark indices climbed in early trade on Wednesday, with the BSE Sensex hitting its lifetime high of 63,588.31, amid buying in index majors HDFC twins and Reliance Industries.
Prime Minister Narendra Modi has met leading American economist Prof Paul Romer, investor and co-founder of the hedge fund, Bridgewater Associates Ray Dalio, and other eminent thought leaders and exchanged views and briefed them about the reform trajectory of his government to foster economic growth.
As part of its expansion plans, Akasa Air said on Wednesday that it would acquire four additional Boeing 737 Max aircraft and would announce a "three-digit" aircraft order later this year. In addition to the initial order book of 72 Boeing 737 Max aircraft, these four aircraft will be delivered.
Sylvester daCunha, the creater of Amul's 'Utterly butterly' campaign has passed away. He was in his 80s.
HMA Agro Industries IPO: The initial public offering (IPO) of HMA Agro Industries will open for subscription on Tuesday (June 20). The three-day subscription window will conclude on June 23.
Tata Power has planned to double its capital expenditure to Rs 12,000 crore in the current fiscal, with a focus on renewables, distribution, transmission and solar equipment manufacturing capacity. "To meet the growth targets, your company (Tata Power) plans to invest about Rs 12,000 crore, which is double the capex spent in FY23," Tata Power Chairman Natarajan Chandrasekaran said while addressing the 104th annual general meeting on Monday.
The Directorate General of Civil Aviation (DGCA) has given its nod to full-service carrier Vistara and no-frills IndiGo to operate new international flights from August. According to a senior official said, Vistara had sought the regulator's permission to launch its flight services to Bali in Indonesia from New Delhi while Vistara had proposed to launch air connectivity to Georgia's capital Tbilisi from New Delhi.
Edtech major BYJU's has laid off close to 1,000 employees across departments as part of its restructuring process, sources aware of the development said on Monday. The fresh round of firing comes at a time when the company has entered into a legal battle with lenders in the US for USD 1 billion term loan B.
The current Managing Director of the State Bank of India (SBI) Swaminathan Janakiraman has been appointed as the Deputy Governor of the Reserve Bank of India by the government on Tuesday.  
Air India on Tuesday signed agreements with Airbus and Boeing for acquiring 470 planes for an estimated USD 70 billion at list prices.     The Tata Group-owned airline announced that it will buy 470 aircraft, including wide-body planes, in February this year.     The "firm orders include 34 A350-1000, 6 A350-900, 20 Boeing 787 Dreamliners and 10 Boeing 777X widebody aircraft, as well as 140 Airbus A320neo, 70 Airbus A321neo, and 190 Boeing 737MAX narrow-body aircraft," the airline said in a release.     The purchase agreements were signed on the sidelines of the ongoing Paris Air Show.     Air India said the agreements go "one step further in its USD 70 billion (based on list prices) fleet expansion program that it announced in February this year".     The Airbus A350 will lead the deliveries of the new aircraft later this year, with the bulk of the order to arrive from mid-2025 onwards, it said.     N Chandrasekaran, Chairman of Tata Sons and Air India, said the landmark step further positions Air India for long-term growth and success that, "we have every hope, will come together to represent the best of modern aviation to the world".      Air India has already started taking delivery of 11 leased B777 and 25 A320 aircraft to accelerate its fleet and network expansion.     Campbell Wilson, Air India CEO, and MD said its ambitious fleet renewal and expansion programme will see the airline operate the most advanced and fuel-efficient aircraft across its route network within five years.     Satair, an Airbus company, and Boeing Global Services will support Air India with a broad range of solutions, including parts and maintenance provisioning, digital applications, and modification services.
Benchmark indices climbed in early trade on Wednesday, with the BSE Sensex hitting its lifetime high of 63,588.31, amid buying in index majors HDFC twins and Reliance Industries.
Prime Minister Narendra Modi has met leading American economist Prof Paul Romer, investor and co-founder of the hedge fund, Bridgewater Associates Ray Dalio, and other eminent thought leaders and exchanged views and briefed them about the reform trajectory of his government to foster economic growth.
As part of its expansion plans, Akasa Air said on Wednesday that it would acquire four additional Boeing 737 Max aircraft and would announce a "three-digit" aircraft order later this year. In addition to the initial order book of 72 Boeing 737 Max aircraft, these four aircraft will be delivered.
Sylvester daCunha, the creater of Amul's 'Utterly butterly' campaign has passed away. He was in his 80s.
HMA Agro Industries IPO: The initial public offering (IPO) of HMA Agro Industries will open for subscription on Tuesday (June 20). The three-day subscription window will conclude on June 23.
Tata Power has planned to double its capital expenditure to Rs 12,000 crore in the current fiscal, with a focus on renewables, distribution, transmission and solar equipment manufacturing capacity. "To meet the growth targets, your company (Tata Power) plans to invest about Rs 12,000 crore, which is double the capex spent in FY23," Tata Power Chairman Natarajan Chandrasekaran said while addressing the 104th annual general meeting on Monday.
The Directorate General of Civil Aviation (DGCA) has given its nod to full-service carrier Vistara and no-frills IndiGo to operate new international flights from August. According to a senior official said, Vistara had sought the regulator's permission to launch its flight services to Bali in Indonesia from New Delhi while Vistara had proposed to launch air connectivity to Georgia's capital Tbilisi from New Delhi.
Edtech major BYJU's has laid off close to 1,000 employees across departments as part of its restructuring process, sources aware of the development said on Monday. The fresh round of firing comes at a time when the company has entered into a legal battle with lenders in the US for USD 1 billion term loan B.
The current Managing Director of the State Bank of India (SBI) Swaminathan Janakiraman has been appointed as the Deputy Governor of the Reserve Bank of India by the government on Tuesday.  
Air India on Tuesday signed agreements with Airbus and Boeing for acquiring 470 planes for an estimated USD 70 billion at list prices.     The Tata Group-owned airline announced that it will buy 470 aircraft, including wide-body planes, in February this year.     The "firm orders include 34 A350-1000, 6 A350-900, 20 Boeing 787 Dreamliners and 10 Boeing 777X widebody aircraft, as well as 140 Airbus A320neo, 70 Airbus A321neo, and 190 Boeing 737MAX narrow-body aircraft," the airline said in a release.     The purchase agreements were signed on the sidelines of the ongoing Paris Air Show.     Air India said the agreements go "one step further in its USD 70 billion (based on list prices) fleet expansion program that it announced in February this year".     The Airbus A350 will lead the deliveries of the new aircraft later this year, with the bulk of the order to arrive from mid-2025 onwards, it said.     N Chandrasekaran, Chairman of Tata Sons and Air India, said the landmark step further positions Air India for long-term growth and success that, "we have every hope, will come together to represent the best of modern aviation to the world".      Air India has already started taking delivery of 11 leased B777 and 25 A320 aircraft to accelerate its fleet and network expansion.     Campbell Wilson, Air India CEO, and MD said its ambitious fleet renewal and expansion programme will see the airline operate the most advanced and fuel-efficient aircraft across its route network within five years.     Satair, an Airbus company, and Boeing Global Services will support Air India with a broad range of solutions, including parts and maintenance provisioning, digital applications, and modification services.
Benchmark indices climbed in early trade on Wednesday, with the BSE Sensex hitting its lifetime high of 63,588.31, amid buying in index majors HDFC twins and Reliance Industries.
Prime Minister Narendra Modi has met leading American economist Prof Paul Romer, investor and co-founder of the hedge fund, Bridgewater Associates Ray Dalio, and other eminent thought leaders and exchanged views and briefed them about the reform trajectory of his government to foster economic growth.
As part of its expansion plans, Akasa Air said on Wednesday that it would acquire four additional Boeing 737 Max aircraft and would announce a "three-digit" aircraft order later this year. In addition to the initial order book of 72 Boeing 737 Max aircraft, these four aircraft will be delivered.
Sylvester daCunha, the creater of Amul's 'Utterly butterly' campaign has passed away. He was in his 80s.
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