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Soon, Air India may conduct random drug test on pilots, other crew members

Soon, Air India may conduct random drug test on pilots, other crew members

In a first for Indian carriers, Air India is likely to start random drug tests on its pilots and cabin crew. Crew members who are found to have a drug abuse problem could be barred from operating flights till they completely give the same up for good. "There is no specific regulation monitoring drug testing… It is recommended that (AI’s) medical department is asked to devise a process for doing random testing for drugs as a safety initiative…”

BHEL bags three orders worth Rs 520 cr to set up solar plants in Maha, Guj

BHEL bags three orders worth Rs 520 cr to set up solar plants in Maha, Guj

State-run Bharat Heavy Electricals Ltd (BHEL) Monday said it has won three orders worth Rs 520 crore for setting up solar photovoltaic (SPV) power plants with a combined capacity of 135 mega watt (MW) in Maharashtra and Gujarat.

"Cumulatively valued at Rs 520 crore, the orders have been secured from Maharashtra State Power Generation Company, (MAHAGENCO), Gujarat State Electricity Corporation (GSECL) and Gujarat Narmada Valley Fertilizers and Chemicals, (GNFC)," BHEL said in a statement.

Bajaj Auto, TVS say switching to EV by 2025 may derail auto manufacturing

Bajaj Auto, TVS say switching to EV by 2025 may derail auto manufacturing

Leading two-wheeler makers Bajaj Auto and TVS Motor Company said Monday that any plan to ban internal combustion engine three-wheelers and two-wheelers to adopt electric ones by 2025 would be "unrealistic" and "ill-timed" and derail auto manufacturing in the country.

The comments come in response to some media reports that the government was considering a proposal to ban sale of internal combustion engine (ICE) three-wheelers by 2023 and less than 150 cc two-wheelers by 2025.

YES Bank falls 13% in three days; hits over 3-year low on BSE

YES Bank falls 13% in three days; hits over 3-year low on BSE

Shares of YES Bank were trading lower for the third straight session in the afternoon trade on Monday. The stock was down 5 per cent at Rs 133 per share, on concerns of eroding balance sheet strength, rising non-performing assets (NPAs), capital raising concerns and weak visibility of profits.

Rupee rises 8 paise to 69.38 vs $ in early trade

Rupee rises 8 paise to 69.38 vs $ in early trade

The rupee appreciated by 8 paise to 69.38 against the US dollar in opening trade Monday, driven higher opening in domestic equities.

Forex dealers said, the local currency also gained strength amid weakening of the greenback in overseas markets.

Sensex rallies over 350 points; Nifty above 11,900

Sensex rallies over 350 points; Nifty above 11,900

The benchmark BSE Sensex rallied over 350 points and the NSE Nifty reclaimed the 11,900 level in early trade Monday driven by gains in IT and banking stocks amid positive global and domestic cues.

After hitting a peak of 39,979.48, the 30-share index was trading 272.07 points, or 0.69 %, higher at 39,887.97. Similarly, the broader NSE Nifty spurted 76.25 points, or 0.64 %, to 11,946.90.

How NHAI hopes to garner Rs 9,000 crore under TOT model in FY20

How NHAI hopes to garner Rs 9,000 crore under TOT model in FY20

Even as it had to abort the second round of auction under the toll-operate-transfer (TOT) model due to lack of investor interest, the National Highways Authority of India (NHAI) is not going slow on its plan to monetise its operational projects. According to official sources, the authority, which is in need of funds to repay debt and build new highways, will soon invite requests for proposal (RFPs) for two TOT tranches, measuring a total of 970 km, hoping to garner at least Rs 9,000 crore through this model in FY20.

Adopt 'significant economic presence' concept to tax digital companies: India at G20 meet

Adopt 'significant economic presence' concept to tax digital companies: India at G20 meet

India has made a strong case for adoption of "significant economic presence" concept for taxing global digital companies and close cooperation among the G-20 member nations to deal with fugitive economic offenders who flee their countries to escape consequences of the law.

Microsoft unveils Project Scarlett, the next-gen Xbox: All you need to know

Microsoft unveils Project Scarlett, the next-gen Xbox: All you need to know

Microsoft Corp unveiled on Sunday its next-generation Xbox console, known as "Project Scarlett," which is set to hit store shelves during the 2020 holiday season.

The device will be four times more powerful than the Xbox One X console and be powered by an Advanced Micro Devices chip, the company said during its Xbox E3 conference in Los Angeles.

Google top spender on lobbying in US, spent $21.7 million in 2018

Google top spender on lobbying in US, spent $21.7 million in 2018

Tech giant Google spent $21.7 million on lobbying efforts last year to influence lawmakers as the government and regulators sought great scrutiny from tech companies related to users' privacy and unfair market practices.

According to a CNBC report on Sunday, Google has been the top spender on lobbying for two consecutive years.

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