BUSINESS
Adani Group prepays debt worth Rs 7,374 crore
The group said with the repayment to various international banks and Indian financial institutions, the following Adani listed company shares shall be released - 155 million shares of Adani Ports & Special Economic Zone Ltd, representing 11.8 per cent of the promoters' holding, 31 million shares of Adani Enterprises Ltd (4 per cent of promoters' holding), 36 million shares of Adani Transmission Ltd (4.5 per cent of promoters' holding), and 11 million shares of Adani Green Energy Ltd (1.2 per cent of promoters' holding.
IATA aviation safety report shows reduction in number of fatal accidents, fatality risk
In 2022, there were five fatal accidents involving loss of life to passengers and crew. This came down from seven in 2021 and an improvement on the five year average (2018-2022) which was also seven. The fatal accident rate improved to 0.16 per million sectors for 2022, from 0.27 per million sectors in 2021, and also was ahead of the five year fatal accident rate of 0.20, it said.
'Don't deliver bhaang', Zomato tells user; Delhi Police joins in
Twitter user Shubham had been repeatedly enquiring if the platform delivers "bhaang ki goli". In response, Zomato said: "Someone please tell Shubham from Gurgaon we don't deliver bhaang ki goli. He has asked us 14 times". Delhi Police also joined the conversation, posting: "If anyone meets Shubham.... tell him not to drive if he consumes Bhaang".
Relief for home buyers as NCLT approves Suraksha group's bid for Jaypee Infratech
A two-member principal bench of the NCLT, headed by President Ramalingam Sudhkar, approved the resolution plan. The Suraksha group had proposed to complete around 20,000 flats in Noida and Greater Noida, which came as a relief to home buyers who have been waiting for their homes for more than 10 years.
Three women pilot global aircraft engine maker Pratt & Whitney in India
The two are Dr. Dheepa Srinivasan, Chief Engineer, Pratt & Whitney R&D Centre and Rema Ravindran, General Manager - India Engineering Centre, Pratt & Whitney. Srinivasan is one of the convenors of the programme "Celebration of Women in Science, Technology, Engineering, Mathematics, Medicine, Education, Entrepreneurship" to be held at the IISc and Ravindran is one of the Speakers.
Data of 6 lakh HDFC Bank customers' exposed, bank denies
According to Privacy Affairs website, the HDFC Bank customers' samples were posted on the hacker forum and "the posted data appears to be genuine". HDFC Bank Cares Twitter handle on Tuesday posted that "there is no data leak at HDFC Bank and our systems have not been breached or accessed in any unauthorised manner".
India's economic growth in 4th quarter 2022 to be temporary: Moody's Analytics
According to Moody's Analytics, the country's economic slowdown late last year will be temporary and even salutary, helping to wring some of the demand-side pressures out of the economy without stopping it wholesale. "On the external front, better growth in the US and Europe's incipient recovery will propel India at the midyear mark. The US and Europe are India's largest trade partners and are important destinations for exports of business services," Moody's Analytics said.
Budget lays roadmap of inclusive financial sector, says PM Modi
Addressing a post-budget webinar titled 'Enhancing Efficiency of the Financial Services for Creating Growth Opportunities', Modi said, "Trust and expectations have replaced question marks in every discussion of Indian economy. India is being called the bright spot of the global economy." "Today you have a government that is taking policy decisions with courage, clarity and confidence, you too will have to step up," he added.
'Indian aviation industry gradually moving out of turbulent phase'
Moreover, the industry has witnessed improved pricing power, as reflected in the healthier yields and thus the revenue per available seat km - cost per available seat kilometre (RASK-CASK) spread of the airlines. The same is expected to continue, given the sequential decline in aviation turbine fuel (ATF) prices from the peak of June 2022 and the anticipation of relatively.
US Commerce Secretary Gina Raimondo reaching India for 4-day visit
She will be visiting India between March 7-10 on the invitation of her Indian counterpart Piyush Goyal. During the visit, the India-USA Commercial Dialogue and CEO Forum will be held on March 10 to discuss cooperation in various sectors that could unlock new trade and investment opportunities between the two countries.
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