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INDUSTRY

INDUSTRY

The global space industry is expected to reach over $1 trillion by 2040, according to Morgan Stanley.

Amazon Web Services to invest in Indian Space start ups, help ISRO in space data management

Dec 03, 2022

At AWS re:Invent 2022, AWS announced that it successfully ran a suite of AWS compute and machine learning (ML) software on an orbiting satellite, in a first-of-its-kind space experiment.

SBI raises Rs 10,000 cr through its maiden infra bond issuance (Photo: Reuters)

SBI raises Rs 10,000 cr through its maiden infra bond issuance at coupon rate of 7.5%

Dec 02, 2022

The issue attracted overwhelming response from investors with bids of Rs 16,366 crore and was oversubscribed by about 3.27 times against the base issue

To him, India offers a huge opportunity with Hong Kong being a highly attractive destination.

India is a very crucial market for Cathay Pacific, says company's new incoming boss

Dec 02, 2022

Ronald Lam, the CEO, is very optimistic about what lies ahead.

Carlyle, Advent get conditional nod from RBI to own 9.99% in Yes Bank

Carlyle, Advent get conditional nod from RBI to own 9.99% in Yes Bank

Dec 01, 2022

Yes Bank had to be bailed out by fellow lenders in a RBI-led scheme in 2020, after alleged malfeasance by its founders led to a huge chunk of loans turning sour.

Essar Group plans Rs 40,000-cr petrochemical complex in Odisha

Essar Group plans Rs 40,000-cr petrochemical complex in Odisha

Dec 01, 2022

The group also plans to set up a 14 million tonne a year export-oriented pelletizing complex in Odisha, at an investment of Rs 12,000 crore

Digi Yatra Foundation, a not-for-profit company, is the nodal body for DigiYatra.

DigiYatra App Launch: Facial recognition installed at these three airports today

Dec 01, 2022

"DigiYatra, a biometric enabled seamless travel experience based on facial recognition technology aims to provide a new digital experience for air travellers in India," the Ministry of Civil Aviation, Government of India, tweeted.

RBI first announced the digital lending rules in August this year, followed by more detailed guidelines next month in September.

Digital lending rules: RBI to introduce updated digital lending rules from today. Key points here

Dec 01, 2022

New digital lending rules: The revised digital lending guidelines aim to smoothen the digital lending process and also protect consumers from unusually high-interest rates of lenders.

Industry players have also suggested Sebi to abolish the categories laid down within the merchant banking regulations as they feel those are no longer relevant in today's times.

Sebi mulls overhaul of 20-year-old rules governing merchant bankers

Dec 01, 2022

The Securities and Exchange Board of India (Sebi) has already sought feedback and suggestions from investment bankers; net worth and registration criteria among other requirements likely to be enhanced as per current market dynamics.

Kirit Parikh panel submits gas report, suggests pricing freedom beginning Jan 2026 (Photo: AP)

Kirit Parikh panel submits gas report, suggests pricing freedom beginning Jan 2026

Nov 30, 2022

The panel also suggested including natural gas in the one-nation-one-tax regime of GST by subsuming excise duty charged by the central government and varying rates of VAT levied by state governments.

Meanwhile, written comments on the issues raised in the consultation paper are invited from the stakeholders by December 27, 2022 and counter-comments by January 10, 2023.

TRAI releases consultation paper on display of caller name on mobile phones

Nov 30, 2022

A consultation paper seeking inputs from the stakeholders has been placed on TRAI’s website.

Vistara merger: The integration will be complete by 2024 and Singapore Airlines will be investing Rs 2,059 crore in Air India.

Vistara merger just another step by Air India to reclaim glory through Vihaan.AI programme

Nov 30, 2022

Vistara-Air India merger: The coming together of Vistara and Air Asia into Air India might have cleared the path towards their rapid integration under the brand Air India, but will the airline CEO Campbell Wilson be able to capitalise on the opportunity as a duopoly emerges in Indian skies? My story in Business Today...

Air India is India’s national carrier and is wholly owned by Tata Sons. Tata Sons won the government bid and paid Rs 18,000 crore to take over the ailing airlines last October.

Over 15k staff, 218 planes! Tatas to soar high on Indian skies with Air India-Vistara merger

Nov 29, 2022

India’s largest conglomerate Tata Sons at present owns four airlines, Air India and its subsidiary Air India Express, along with a majority share in Vistara and AirAsia India.

COAI added that the government must provide a legal framework to enable the service providers to charge any user that uses their services.

COAI says OTT platforms must pay telecom firms for using their network: Report

Nov 29, 2022

The body has suggested levying a "usage charge" for actual traffic carried by OTT on telecom networks

Bank holidays in December 2022: Full list of days when banks will be shut

Bank holidays in December 2022: Full list of days when banks will be shut

Nov 29, 2022

Bank holidays in December 2022: According to the Reserve Bank of India, all these holidays are under the Negotiable Instruments Act. The bank holidays can be divided into three different categories- state-wise holidays, religious holidays and festivals.

as prices are revised twice a year and are based on rough estimate from the weighted average prices of four global benchmarks

Kirit Parikh Committee report on gas prices. What can be expected

Nov 29, 2022

The Kirit Parikh panel was set up this September to review the gas pricing formula for gas produced in the country with the aim to ensure a fair price even as global prices for gas remained high.

Jet's takeoff now dependent on NCLT hearing amid reports of bickering between lenders, owners (Photo: Reuters)

Jet's takeoff now dependent on NCLT hearing amid reports of bickering between lenders, owners

Nov 28, 2022

The sale of 11 aircraft by lenders may not be an option as the resolution plan clearly states that any decision on asset sale needs to be vetted by the monitoring committee comprising representatives of the Jalan-Kalrock Consortium and lenders

Jet Airways' resolution plan totters due to disagreement with creditors: Report (Photo: Reuters)

Jet Airways' resolution plan totters due to disagreement with creditors: Report

Nov 28, 2022

The resolution plan is binding upon all involved parties and was approved by the bankruptcy court, a spokesperson for Jet's new owners said in a statement.

Simplilearn acquires US-based Fullstack Academy amid edtech industry’s growing struggles

Simplilearn acquires US-based Fullstack Academy amid edtech industry’s growing struggles

Nov 28, 2022

As per Simplilearn’s website, online bootcamps are accelerated, intensive study programs that enable students to learn the in-demand tech skills sought by recruiters.

Analysts say aerospace is grappling with a series of concurrent problems with multiple knock-on effects.

Airbus may delay some 2023 jet deliveries: Report

Nov 28, 2022

The twin-speed approach comes as uncertainty remains over supplies of engines for new plane production as well as other parts and labour, they added, asking not to be named.

The IDFC First bank sticker debit card comes with a complimentary personal accidental cover and 24/7 concierge services with a host of RuPay offers.

IDFC First Bank launches sticker-based debit card, FIRSTAP

Nov 24, 2022

The sticker-based debit card is one third the size of a regular debit card, thus making the sticker applicable on a wide range of devices and objects, and significantly enhancing customer convenience, the company said.

Air India issues new grooming guidelines

Male crew with bald patches, receding hairline must shave head: Air India’s new grooming guidelines

Nov 24, 2022

The airline has asked male crew with balding patches or deep receding hairline to sport a clean shaved/bald look. It said that a crew cut is not permitted and the head must be shaved daily.