NEW DELHI: DIAL, the Delhi airport operator, has divested its complete 50 per cent ownership in Delhi Aviation Services Pvt Ltd (DASPL) to Bird Flight Services (India) Pvt Ltd for nearly 13 crore. DASPL held the concession for operating bridge-mounted equipment at Terminal 3 of Indira Gandhi International Airport (IGIA), including ground power units, pre-conditioned…
NEW DELHI: India’s pharmaceutical industry continues its rapid ascent on the global stage, driven by affordability, innovation, and inclusivity. Thesector recorded a 7.8 per cent year-on-year growth in April 2025, according to India Ratings, part of the Fitch Group, as quoted by Press Information Bureau (PIB) on Sunday.This growth reflects continued strong domestic demand and…
AI-generated image (Made from Bing image creator) NEW DELHI: Stock markets are expected to be primarily influenced by corporate quarterly reports, foreign fund activity and worldwide market trends this week. Global trade agreements and their market impact will also be under close observation.Last week, the BSE benchmark index increased by 2,876.12 points or 3.61 per…
Adani Defence & Aerospace partners with Sparton (Image credit: Adani Defence X handle) NEW DELHI: Adani Defence & Aerospace has entered into a binding collaboration agreement with Sparton (DeLeon Springs LLC), a subsidiary of Elbit Systems specialising in advanced Anti-submarine warfare systems.The Adani Group company on Sunday announced that this alliance represents a crucial move…
NEW DELHI: India’s trade in apparel and home textiles with the United Kingdom is set for significant growth, with volumes expected to double over the next five to six years, according to a report by credit rating agency ICRA.The projected surge is attributed to the recently concluded Free Trade Agreement (FTA) between the two countries,…
India’s coal imports in FY25, saw a modest decline of 1.7%, with total shipments falling to 263.56 million tonnes (MT) from 268.24 MT the previous year, according to data compiled by mjunction services ltd.Non-coking coal imports over the period stood at 167.10 MT in FY25 against the 175.96 MT in 2023-24. Coking coal imports also…
United States is India’s primary export destination for mangoes. (AI image) US authorities have rejected no fewer than 15 mango shipments from India at various airports, including Los Angeles, San Francisco, and Atlanta, due to documentation irregularities.The exporters faced the choice of either destroying the fruit in the US or sending it back to India….
Gold price outlook: Axis Securities has observed that gold prices are exhibiting pressure amid significant macro changes. (AI image) Gold price outlook: Gold prices have experienced substantial decline, dropping approximately 7% from their highest point of Rs 99,358/10 grams recorded on April 22 on the MCX. The precious metal is currently at risk of ending…
The Department for Promotion of Industry and Internal Trade (DPIIT) has signed a Memorandum of Understanding (MoU) with the Global Energy Alliance for People and Planet (GEAPP) to support early-stage climate-tech startups in India.The partnership aims to provide these startups with access to funding, mentorship, and growth opportunities.Under the agreement, GEAPP will launch the Energy…
Days after the resignation of Gensol Engineering‘s promoters, Chief Financial Officer (CFO) Jabirmahendi Mohammedraza Aga has stepped down from his position with immediate effect, adding to the turmoil at the crisis-hit company.In his resignation letter, disclosed through stock exchange filings, Aga pointed to the severe challenges currently facing the company. He noted that multiple regulatory…