BUSINESS
Tata-Airbus Aircraft Manufacturing Facility Puts India on the Global Aerospace Map, PM Modi
PM Modi inaugurated the Tata Aircraft Complex at Tata Advanced Systems Limited in the presence of Spanish Prime Minister Pedro Sanchez. According to him, this facility is going to be a hub for the civil aircraft designs and manufacture capabilities of the country along with making Vadodara one of the largest aviation centers in the nation.
Indian Real Estate Developers Raise ₹12,801 Crore Through QIP in January-September 2024
Real estate came in the second highest among sectors to raise funds through QIP so far this year after renewable energy.
Tata-Airbus C-295 Facility in Gujarat Represents a New Work Culture for New India, PM Modi
It is my always emphasis that not a delay take place in the planning stage itself and implementation thereafter, said the PM.
Watch | PM Modi and Spanish President Inaugurate Tata-Airbus C295 Facility, Boosting 'Make in India' in Aviation
Part of the C295 programme includes a total of 56 aircraft, which will be built, with 16 of them being delivered straight from Airbus in Spain. The remaining 40 aircraft are to be built in the Tata Aircraft Complex inside the Tata Advanced Systems Limited (TASL) campus in Vadodara. It is the first FAL for military aircraft by private sector in India.
India Records 74% Drop in Income Disparity Since AY15; Direct Tax Collection Hits 14-Year High
Economic department of State Bank of India in a comparison of disparity in income during AY15 and AY24 pointed out that there is clear rightward shift in income distribution curve in India. This implies that people belonging to lower income brackets are increasing their income to converge toward their share in population.
India's Manufacturing Industry Regains Growth Momentum as Hiring Increases in Services Sector
Employment in the services sector increased more rapidly. The gain in jobs was the largest since April 2005 and the most rapid in 18-and-a-half years. Yet employment continued to grow at a positive rate in the manufacturing sector and allowed the composite payroll counts to continue rising at the sharpest rate since February 2006.
Finance Minister Sitharaman Voices Frustration Over Slow FDI Inflow
"Going by the textbook, where economic activities are good and robust and dynamic, money flows, that's is the normal textbook assumption. I want to ask, Where are the investable funds? Where are the investors? What are they looking at? What's holding them back?" The Union Finance Minister went on to temper her frustration adding, "India has received quite an appreciable number of FDI. So that's not to say nothing comes to India. Yes, it is coming. I still think there's more opportunity."
IndiGo Reports Significant ₹986 Crore Loss in Q2
Higher fuel costs and peak number of groundings, which have now begun to reduce according to parent InterGlobe Aviation Ltd, drove the loss.
India's Foreign Exchange Reserves Reach $688 Billion as Gold Reserves Increase
In addition, gold now serves as a safe haven against US economic sanctions. Historically, gold is a safe haven asset and has served as a hedge against inflation. And yet, gold has risen to unprecedented levels even though inflation continues to be subdued.
Jobs are the Most Pressing Global Issue During US Visit, FM Sitharaman
Speaking to the plenary lunch of the International Monetary Fund and the World Bank annual meetings in Washington, DC, she said that the World Bank had undertaken several studies on sectoral trends and their probable impacts on employment over time-things like 'green jobs,' jobs after AI, and changes in employment due to demographic shifts.
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