India News
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Air India will deploy additional cabin crew members on its narrow body aircraft, which are operating on international routes and domestic metro-to-metro routes, to provide better service to passengers, its Chief Executive Officer and Managing Director Campbell Wilson said on Friday.
"On the cabin crew front, our recruitment and training teams have done a great job in recent months of onboarding new colleagues. Thanks to their efforts, and notwithstanding our ongoing growth, we'll be restoring a full service-based complement of cabin crew on our narrowbody international and domestic metro-to-metro flights from September 1," he told employees in a message that has been reviewed by Business Standard.
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Removal of Jio Financial Services (Jio Fin) from the benchmark Nifty50 and the Sensex was deferred by three more days on Friday. The decision was taken by stock exchanges after the firm’s stock hit the lower limit in the preceding two trading sessions.
However, the shares of the financial unit spun off from Reliance Industries Ltd (RIL) showed signs of stabilising. Jio Fin ended at Rs 221.6, up 3.8 per cent on the NSE, where Rs 5,848 crore worth of shares changed hands. Another Rs 740.52 crore worth of shares changed hands on the BSE, where the stock ended at Rs 212, down 1.7 per cent.
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Prime Minister Narendra Modi flew down to Bengaluru on Saturday directly from the Greek capital of Athens to interact with ISRO scientists on the successful Chandrayaan-3 mission and announced the decision to name the place where lander 'Vikram' touched down on the lunar surface as "Shiva Shakti Point".
Terming the success of Chandrayaan-3 mission as an 'extraordinary moment' in the history of India's India's space programme, he said the place where the Chandrayaan-2 lander crash-landed on the Moon's surface in 2019 would be known as "Tiranga Point".
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India's market regulator has completed its probe into whether billionaire Gautam Adani's conglomerate violated securities laws and action has been recommended in some cases for passing orders, it said in a filing to the country's Supreme Court on Friday.
The Securities and Exchange Board of India (SEBI) said it has investigated 24 transactions involving the Adani group's listed companies of which 22 are final in nature.
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Shares of Vodafone Idea, the debt-laden telecom services provider, jumped 6 per cent to Rs 8.43 apiece on the BSE in Friday's intraday trade, in an otherwise weak market.
Including today's gains, the stock has rallied 11.5 per cent so far this week. By comparison, the benchmark S&P BSE Sensex has slipped 0.6 per cent during this period.
At 10:20 AM, the stock the telecom company was up 5.3 per cent as against 0.56 per cent dip in the Sensex index.
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Shares of One97 Communications-owned Paytm hit a 18-month high at Rs 939, as they rallied 4 per cent on the BSE in Friday’s intra-day trade after nearly 23 million equity shares of the fintech company changed hands via block deals. Paytm is India's leading mobile payments and financial services distribution company. The stock hit its highest level since February 2022.
At 09:15 AM; around 22.75 million equity shares representing 3.6 per cent of total equity of Paytm changed hands through block deals on the BSE, the exchange data shows. The names of the buyers and sellers were not ascertained immediately.
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Reliance Retail Ventures Ltd (RRVL) may sell another 8-10 per cent of its stake to fund expansion and prepare for the initial public offering (IPO), The Economic Times (ET) reported on Friday, citing executives aware of the plan.
The process is likely to happen in the next 12 to 15 months.
The report further said that the sale of more stakes is necessary because the current valuation of $100 billion may be unsustainable and difficult for the markets to absorb.
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After concluding his two-nation visit today, from Greece Prime Minister Narendra Modi will head straight to Bengaluru, Karnataka on a pre-scheduled visit. He will meet scientists of the ISRO team involved in the Chandrayaan-3 Mission.
After a 40-day journey into space, the Chandrayaan-3 lander, 'Vikram', touched down on the uncharted lunar South Pole on Wednesday evening, making India the first country to do so.
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Months after a US short seller shook markets with a damning report on the Adani group, the Organised Crime and Corruption Reporting Project (OCCRP) - an organisation funded by likes of George Soros and Rockefeller Brothers Fund - is said to be planning another 'expose' on certain corporate houses in India, sources said.
OCCRP, which calls itself "an investigative reporting platform formed by 24 nonprofit investigative centres... spread across Europe, Africa, Asia and Latin America, may publish a report or a series of articles, three sources with knowledge of the matter said.
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Shares of D B Realty surged 6 per cent to hit an over 10-year high of Rs 156.90 on the BSE in Thursday’s intra-day trade. In the past one month, the stock price of the real estate company has more than doubled or zoomed 108 per cent. In comparison, the S&P BSE Sensex was down 1.5 per cent and S&P BSE Smallcap index gained 6 per cent in one month.
The stock had hit an all-time low of Rs 3.65 on April 22, 2020.
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