The regulator did not name the aircraft type but referenced the registration code of an Airbus A320 (VT TQN), implying that it was a single-aisle (narrow body) jet. Air India, admitting the lapse, ordered an internal inquiry into the matter and suspended eight staffers. Mint breaks down the process of getting airworthiness certificates, how the…
For years, India has been hailed as the world’s most credible challenger to China’s command over the solar supply chain. Backed by government incentives and trade protections, Indian solar equipment makers such as Adani Enterprises, Tata Power, Renew Photovoltaics, Waaree Energies and Premier Energies have raced to expand solar module capacity to help meet the…
NEW DELHI: The heavy industries ministry has proposed new localization rules for e-ambulances under the ₹10,900 crore PM E-drive scheme, allowing manufacturers to import traction motors fitted with rare earth magnets till 3 March 2026, the ministry said in response to Mint’s email query. The draft phased manufacturing programme (PMP) for e-ambulances, a copy of…
Why does the Centre want to make Sanchar Sathi app mandatory? Launched in May 2023, Sanchar Saathi, developed and maintained by DoT, is a platform that allows users to voluntarily report loss or theft of mobile phones and duplication of SIM cards. In March last year, the ministry of communications expanded its usage through ‘Chakshu’,…
Bank Holiday Today, 3 December: Banks in Goa will be closed on Wednesday, 3 December, according to the RBI Bank holiday calendar. The bank holiday in Goa has been implemented to observe the feast of St. Francis Xavier. Bank Holiday on feast of St. Francis Xavier Banks in Goa will remain shut on 3 December…
In a meeting with RBI officials about 10 days ago, ahead of the monetary policy outcome on 5 December, multiple state-owned bank chiefs raised concerns that the dominance of external benchmark-linked loans has ensured instant repricing of assets whenever the repo rate moves, said the three people cited earlier. In contrast, only fresh deposits are…
The issues are happening despite bilateral relations between India and China having eased in the past few months. India had stopped approving visas for Chinese nationals after the 2020 Galwan clashes, but began issuing short-term visas in August 2024 under the production-linked incentive (PLI) schemes. The first person cited above said on condition of anonymity…
Global rating agency Moody’s Ratings has reaffirmed ICICI Bank Limited’s Baa3 long-term deposit ratings, maintaining a stable outlook, the bank said in a stock exchange filing on Tuesday. The reaffirmation, according to the Moody’s, reflects the bank’s “robust financial position,” which is underpinned by a diversified loan portfolio and above-industry-average profitability. These factors are expected…
NEW DELHI: Union minister for New and Renewable Energy Pralhad Joshi on Tuesday told Parliament that domestic renewable energy implementation agencies (REIAs) have bid out a total of 67.5 GW of renewable energy (RE) capacity since April 2023, and no bids have been cancelled so far. He was responding to a question in the Rajya…
Deferred bonuses, joining incentives, and clawbacks are now embedded in the high compensation offered at the Indian Institutes of Technology (IITs), reflecting a fiercely competitive job market and concerns over talent attrition. Mint examines whether these measures will actually help companies hold on to their hires. What are companies offering? High-frequency trading (HFT) firms such…