Airbus Helicopters conduct electric chopper's demonstrator flight

New Delhi (IANS) Airbus Helicopters has conducted its full-scale demonstrator flight of its electric helicopter.

The chopper is fully electric with a distributed drive system.

It took off at 2,310 kg - the highest take-off weight of…

Alliance Air to operate Kolkata-Bhubaneswar flights via Ranchi

New Delhi (IANS) Air India's regional subsidiary Alliance Air will operate Kolkata-Bhubaneswar flights via Ranchi from August 11.

Accordingly, the airline has deployed a 70 seater aircraft to connect these cities.

"The flight will…

Tata Sons arm to acquire majority stake in Tejas Networks

Bengaluru (IANS) Panatone Finvest Limited, a subsidiary of Tata Sons Private Ltd plans to acquire controlling stake in telecom equipment maker Tejas Networks.

Panatone Finvest will buy a 43.3 per cent stake in Tejas Networks for Rs 1,850 crore…

Sensex loses 400 points, Nifty below 15,650

Mumbai (IANS) The Indian stock market traded in the red on Wednesday morning tracking weakness in global markets.

The BSE Sensex lost over 400 points, while the Nifty50 on the National Stock Exchange was trading below the 15,650-mark.

The…

If Tesla joins 'Make in India', govt will lower import duty, offers sops

New Delhi (IANS) Government may consider lowering import duty along with offering other sops to Tesla, but for that, the electric vehicle major would have to invest in setting up manufacturing facility in the country.

Tesla had urged the Centre…

Capital markets to play bigger role in funding economic growth: SEBI chief

New Delhi (IANS) Markets regulator Securities and Exchange Board of India's (SEBI) Chairman Ajay Tyagi on Wednesday said that a large part of the non-banking financial intermediation is happening through the capital markets, and going ahead, they…

FMCG revenue growth seen doubling to 10-12% this fiscal: Crisil

New Delhi (IANS) Revenue growth of the fast-moving consumer goods (FMCG) sector will double from 5-6 per cent reported for last fiscal to 10-12 per cent in 2021-22, said Crisil Ratings.

Accordingly, the trend is expected to be driven by price…

Flipkart Pay Later targeting 2X growth over next six months

Bengaluru (IANS) Homegrown e-commerce marketplace Flipkart India plans major expansion of its Flipkart Pay Later credit offering, riding on the phenomenal growth of micro credit services in the country brought about by a fintech revolution.

The…

Sensex inches higher to reclaim 53,000-mark amid choppy trade

Mumbai (IANS) The Indian stock market traded on a choppy note on Monday morning with the BSE Sensex reclaiming the 53,000-mark.

Healthy buying was witnessed in healthcare and IT stocks.

Around 10.20 a.m., Sensex was at 53,007.05, higher…

BYJU's acquires Singapore-based Great Learning for $600M

New Delhi (IANS) BYJU'S has acquired professional and higher educational startup, Great Learning for $600 million.

The partnership marks BYJU'S' entry into the professional and higher education segment with a $1 billion commitment.