Air India is set to add over 500 new flight crew members into service in each of the coming months, the airline’s chief executive officer and managing director Campbell Wilson said in a message to employees.

Wilson said that the airline was investing in a “leading-edge software,”expected to be completely operational by early 2024, to enable the flight crew to be quickly reassigned and passengers immediately rebooked if the airline faced a disruption. Business Standard had reported the same in June.

Amid increasing cooperation in the defence sector between the two nations, India is setting up a technical office of the DRDO (Defence Research and Development Organisation) at its embassy in Paris, according to the India-France joint statement on Friday.

France is one of India's most important allies in building a self-sufficient defence industrial and technological foundation, the statement informed, adding that the co-development and co-production of cutting-edge defence technologies for the benefit of third nations is a joint commitment of India and France.

West Bengal's ruling Trinamool Congress has dubbed Union Home Minister Amit Shah's remarks on violence in the state's panchayat polls as "distasteful and insensitive", and wondered about the role of his ministry in restoring peace in strife-torn Manipur.

TMC national spokesperson and Rajya Sabha leader Derek O'Brien said instead of showing compassion to grieving families of those who died in the violence, the BJP leader is gloating over vote percentage.

Tata Group is understood to be in advanced stages to acquire the Karnataka manufacturing unit of Taiwan-based Wistron, a contract manufacturer for Apple, to become the first Indian iPhone maker, sources said.

The acquisition will be carried out through Tata Electronics, a wholly-owned subsidiary of Tata Sons, the promoter holding firm of salt-to-software conglomerate Tata Group, they added.

The Indian government on Friday raised the windfall tax on petroleum crude to 1,600 Indian rupees ($19.49) per metric ton from zero, according to a government notification.

The changes will take place from Saturday, the country's Ministry of Finance said in a notification, adding that the government has left the windfall tax on diesel, petrol and aviation turbine fuel unchanged at zero.

The urban and rural parts of Noida are currently at a standstill due to the Yamuna's extraordinary surge in water level. Thousands of people were forced to seek refuge on the road as the river at the Okhla Barrage crossed the danger level of 200.60 m, with their houses, farms, and possessions in the flood.

“It feels like we will never have a permanent home in the city. We are the first victims of the flood, but the last beneficiary of the river,” Dharmendra Singh (45), who works in a nursery and whose family members were trapped on Pushta road, Nangla-Nangli village in Noida Sector-134 stated.

Shares of JBM Auto hit a new high of Rs 1,548.35, as they surged 18 per cent on the BSE in Friday’s intra-day trade after the company won orders for 5,000 electric buses from the State Transport Undertakings (STUs).

In past two months, the stock price of the company has zoomed 100 per cent. Thus far in the calendar year, it skyrocketed 200 per cent, as compared to 7.5 per cent rise in the S&P BSE Sensex.

India has grand plans to become an electronics manufacturing hub. Given that level of ambition, we need to be prepared for setbacks — such as the news this week that Taiwan-based Foxconn would not, in the end, build a semiconductor factory in the western Indian state of Gujarat.

This was a huge disappointment. Getting some semiconductor fabrication to happen onshore was a crucial part of India’s plans to create a homegrown, end-to-end electronics manufacturing supply chain.

HDFC Bank – the country’s largest private sector lender –to implement interoperability between United Payment Interface and Central Bank Digital Currency, effective Thursday.

“HDFC Bank today announced the launch of UPI QR code interoperable with India's sovereign digital currency, Central Bank Digital Currency (CBDC). With this, HDFC Bank becomes one of the first banks in the country to complete the integration process,” the bank said in a statement.

IT major Wipro Ltd, on Thursday, reported a 11.9 per cent rise in its net profit to Rs 2,870.1 crore in the quarter that ended on June 30 as compared to Rs 2,563.6 crore in the same quarter in the previous year.

In a regulatory filing, the company said, “It registered a growth of 6 per cent year-on-year (YoY) in its gross revenue to Rs 22,830 crore for the first quarter of the current financial year (Q1FY24). The net income of the company for Q1FY24 came at Rs 2,870 crore, up 12 per cent YoY.

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