A month after the horrific crash of an Air India Dreamliner at Ahmedabad, the AAIB (Aircraft Accident Investigation Bureau) has released its preliminary report to the public. While analysts have been vocal about the preliminary report, the report only dwells over the fact and in most cases does not point to the WHY and HOW…
Bank holiday today: Banks across India are set to remain closed on Saturday, July 12, as per the RBI bank holiday list. The bank holiday on July 12 is in place as it is the second Saturday of the month. According to the Reserve Bank of India bank holiday calendar (RBI), banks are closed on…
The Aircraft Accident Investigation Bureau (AAIB) released the preliminary report exactly a month after the AI-171 Boeing Dreamliner aircraft crashed in Ahmedabad. In the preliminary report, AAIB highlighted that both engines were shut down mid-air within seconds after take off. The aircraft started to lose altitude before crossing the airport perimeter wall. “The aircraft achieved…
New Delhi: A new rule centralizing the approval process for drug exports through a web portal could squeeze shipments by nearly 45%, an exports promotion body said, seeking time to shift to the new system. A certificate of pharmaceutical product (COPP) is mandatory to ship drugs to a foreign country. It certifies that the product…
New Delhi: The government has extended the anti-dumping duty on imports of clear float glass from Malaysia by another 18 months, keeping the protection in place for domestic manufacturers amid concerns of continued dumping. The levy, which was set to expire in November this year, will now remain in force till 10 February 2026, unless…
Kolkata, Jul 11 (PTI) West Bengal is set to join India’s rare earth mining map with the Geological Survey of India (GSI) conducting advanced exploration in Purulia district, a senior official said on Friday. Although the rare earth deposit in Purulia is relatively small, the development is significant as India looks to reduce dependence on…
Most transactions for crude oil supplies are executed via West Asia-based traders rather than through a direct bilateral payment system between Indian and Russian entities, according to two people familiar with the matter, who spoke on the condition of anonymity. “There was a payment issue, which has been sorted out now. Payments have been happening…
IndusInd Bank has mandated headhunters to shortlist over a dozen candidates for mid- to senior-level roles, three people aware of the matter said, after the derivatives crisis triggered the exit of several top-level officials. These include roles like the chief financial officer, leaders for retail and corporate loan verticals, and executives in the risk and…
New Delhi: The finance ministry has notified bonds issued by Indian Renewable Energy Development Agency Ltd (Ireda) as ‘long-term specified asset’ under section 54EC of the Income-tax Act, 1961. The notification came into effect from 9 July, the ministry of new and renewable energy said on Thursday. Bonds redeemable after five years and issued by…
New Delhi: The Union government has doubled down on attempts to enforce quality at government-run health facilities after a recent review meeting heard that state governments were supplying “missing, inconsistent and outdated” data, holding back the Centre’s efforts. Accurate data is needed for the Center to roll out National Quality Assurance Standards (NQAS) certification, a…