NEW DELHI: The Adani Group has further expanded its presence in the maintenance repair overhaul (MRO) space. After acquiring Air Works, it has now tied up with another major MRO in Nagpur.Adani Defence Systems and Technologies Ltd (ADSTL), through its venture Horizon Aero Solutions Limited, in partnership with Prime Aero Services LLP, has signed a…
Nvidia and AMD have agreed to hand over 15% of their revenues from chip sales to China to the US government, a senior US official confirmed, according to the Associated Press. The arrangement is part of a deal allowing the companies to resume sales of specific artificial intelligence chips to the Chinese market.The revenue-sharing terms…
US stocks were little changed on Monday, staying close to record levels as investors awaited key inflation data due Tuesday. The S&P 500 was virtually flat, hovering near its all-time high from two weeks ago. The Dow Jones Industrial Average added 77 points, or 0.2%, while the Nasdaq Composite slipped 0.2% in early trading, according…
The initial public offering (IPO) of BlueStone Jewellery and Lifestyle Ltd, which sells contemporary jewellery under its flagship brand ‘BlueStone’, was subscribed 39% on the first day of bidding on Monday.According to NSE data, the three-day issue received bids for 63,89,570 shares against 1,65,14,421 shares on offer, reported PTI. The quota for qualified institutional buyers…
NEW DELHI: Air India will from Sept 1, 2025, suspend its nonstop between Delhi and Washington due to a shortage of wide body planes caused by the revamping of the Maharaj’s legacy fleet. The five times weekly flight is mostly operated on the Boeing 787 due to relatively low passenger numbers compared to AI’s all…
The implementation of a 50% tariff on Indian goods by Donald Trump has strained diplomatic relations between New Delhi and Washington. Major American brands in India, including McDonald’s, Coca-Cola, Amazon and Apple, are faced with boycott demands as corporate leaders and supporters of Prime Minister Narendra Modi respond to US tariffs. India’s vast population makes…
Indian refiners have the technical capability to operate without Russian crude, but such a move would come with significant economic and strategic consequences, energy analytics firm Kpler has warned. Russian oil currently makes up nearly 38 per cent of India’s refinery feedstock, prized for its high diesel and jet fuel yields, competitive pricing, and reliable…
Elon Musk-owned vehicle manufacturer Tesla inaugurated its second showroom in India at Delhi’s Aerocity, expanding its presence in the country.The American automaker giant is further set to expand its supercharging network across key Indian metropolitan regions ahead of its September delivery commencement, according to a senior company representative on Monday, quoted by ET.At the inauguration…
The Income-Tax Bill, 2025 was designed to update and simplify India’s taxation system. New Income Tax Bill 2025: Finance Minister Nirmala Sitharaman has introduced modified New Income Tax Bill 2025 in Parliament on Monday. The government had officially withdrawn the Income-Tax Bill, 2025 on Friday, which had been presented in the Lok Sabha on February…
The relationship with China presents greater complexity due to its wide-ranging implications beyond the Russian context. (AI image) Will US President Donald Trump impose additional tariffs on China for its procurement of crude oil from Russia? That’s a question that is being repeatedly asked of the US government since it announced a 25% additional tariff…
