India requires 2,210 aircraft over next 20 years, says Airbus

Hyderabad (IANS) Aircraft maker Airbus has forecast that India will require 2,210 new aircraft over the next 20 years when the country's air passenger traffic is expected to grow at 6.2 per cent per annum, the highest in the world.

The…

Flybig to acquire 10 Twin Otter aircraft

Hyderabad (IANS) Flybig, India's newest scheduled commuter airline, on Thursday announced that it will acquire 10 Twin Otter Series 400 aircraft from De Havilland Canada.

The airline signed a Letter of Intent with De Havilland on the sidelines…

I-T team conducts search operation on premises of Hero Motocorp

New Delhi (IANS) The Income Tax Department is conducting a search operation on the premises of Hero Motocorp in Gurugram and Delhi in connection with alleged tax evasion.

The search operation started this morning.

On Tuesday, the IT…

New record high: India achieves $400 bn merchandise exports target

New Delhi (IANS) India has achieved the $400 billion merchandise exports target well before the set deadline, said Union Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles Piyush Goyal on Wednesday.

Inflationary Blow: Petrol, diesel prices raised after over 4 months

New Delhi (IANS) State-owned oil marketing companies (OMC) on Tuesday raised petrol and diesel prices after more than four months of stable rates.

Accordingly, the increase in selling price, which includes state levies, central excise and cess…

'Will list it early': SC on Amazon's plea against transfer of Future Retail assets

New Delhi (IANS) The Supreme Court on Tuesday said that e-commerce major Amazon's interim plea seeking preservation of Future Retail's assets will be listed for hearing as early as possible.

A bench headed by Chief Justice N.V. Ramana…

In touch with Tatas for providing new aircraft for Air India: Airbus India

New Delhi (IANS) Global aerospace major Airbus India on Monday said that it is in touch with Tata Group for providing its new aircraft A350 for Air India.

Speaking at a company event here to showcase the new generation aircraft A350, Airbus…

Suzuki Motor to invest $1.3 bn for EV production in India: Report

New Delhi (IANS) As Elon Musk refuses to listen to Indias demand to manufacture Tesla cars in the country, Japanese automaker Suzuki Motor is set to invest about 150 billion yen ($1.26 billion) to produce electric vehicles (EVs) and batteries in India,…

Investors bag Rs 19 lakh crore as Sensex up 5,000 pts in 8 sessions

New Delhi (IANS) After a sharp decline after the war broke out between Russia and Ukraine, the Indian equity benchmark Sensex has risen over 5,000 points in the past eight trading sessions - since March 8.

During the same time period, Nifty…

Indian fintech payment firms have no data advantage over banks: Moody's

New Delhi (IANS) As the Reserve Bank of India (RBI) barred Paytm from taking on new customers for its Payments Bank, a new report on Thursday said that fintech platforms' dominance in digital payments may not result in a significant data advantage…