Low-cost airline SpiceJet on Monday announced that it has raised Rs 3,000 crore through a Qualified Institutional Placement (QIP) from global investors and mutual funds, as the firm said it wants to restore its reputation for “efficiency and reliability”.

The airline also said it will receive an additional Rs 736 crore from a previous funding round with a view to improve its financial stability and support growth plans.

The US and India reached an agreement to work together on setting up a semiconductor fabrication plant in the South Asian nation, giving a boost to Prime Minister Narendra Modi’s efforts to bolster manufacturing in the country.

The proposed plant will make infrared, gallium nitride and silicon-carbide semiconductors, according to a White House readout that followed a meeting between the US President Joe Biden and Modi in Delaware on Saturday.

AAP leader Atishi, who took the oath of office on Saturday, took charge as the eighth chief minister of Delhi on Monday.

The Delhi Assembly's session will be held on September 26 and 27.

Atishi has retained the 13 portfolios she held in the Kejriwal government, including those of education, revenue, finance, power and PWD.

BHEL shares rise:Shares of nuclear power company Bharat Heavy Electricals Limited (BHEL) surged as much as 3.02 per cent to hit an intraday high of Rs 274.20 per share on Monday, September 23, 2024.

The uptick in BHEL share price came after the company announced that it has secured an order worth Rs 6,100 crore from NTPC.

Vodafone Idea share price gained 8.3 per cent intraday, registering the day's high of Rs 11.35 per share, on the BSE on Monday. The buying interest in the telecom company stock came after it finalised a deal worth Rs 30,000 crore with Nokia, Ericsson, and Samsung.

At around 9:18 AM, shares of Vodafone Idea were up 6.3 per cent at Rs 11.14 per share on the BSE. By comparison, the BSE Sensex traded 247.37 points higher at 84,791.68 around the same time.

Air Marshal Amar Preet Singh, who has more than 5,000 hours of flying experience, will be the next chief of the Indian Air Force, succeeding Air Chief Marshal Vivek Ram Chaudhari.

Singh, currently serving as the Vice Chief of Air Staff, will take charge of the force on the afternoon of September 30, the defence ministry said.

Goa Chief Minister Pramod Sawant has termed as "historic" the Union cabinet's approval of the 'one nation, one election' proposal, and claimed that the move will be cost-effective and governance-friendly. The Union cabinet on Wednesday accepted the recommendations of a high-level committee headed by former president Ram Nath Kovind for holding simultaneous polls for the Lok Sabha, state assemblies and local bodies in a phased manner after a countrywide consensus-building exercise.

IPO-bound travel tech platform OYO on Saturday announced it has agreed to acquire iconic American budget hotel chain Motel 6 and Studio 6 brands from Blackstone Real Estate for $525 million in an all-cash transaction, as the Indian unicorn eyes expansion in the US.

Oravel Stays, the parent company of OYO stated that it has agreed to acquire G6 Hospitality, the leading economy lodging franchisor and parent company of Motel 6 and the chain's offshoot hotel brand, Studio 6.

Air India has hired 9,000 employees, including 5,000 crew members, in the last two years to meet the workforce requirement for its expanding fleet and network, the airline's chief Campbell Wilson said on Friday.

In a message to staff, he said the airline's domestic market share rose from 24 per cent in FY23 to 27 per cent in FY24 and the international market share climbed from 21 per cent to 24 per cent during the same period, on the back of network expansion and service improvements.

Polls opened on Saturday in Sri Lanka's crucial presidential election -- the island nation's first major electoral exercise since its worst economic meltdown in 2022.

Some 17 million people are eligible to vote at over 13,400 polling stations.

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