BUSINESS
Apple-backed Globalstar signs $64 mn launch pact with SpaceX
Apple is reimbursing Globalstar for 95 per cent of the capital expenditures related to the satellites, including the launch costs, reports TechCrunch, citing regulatory filings. The tech giant would use 85 per cent of Globalstar’s network capacity to provide emergency satellite connectivity for iPhones outside of cellular networks.
PM Modi congratulates RBI Governor for receiving A+ rating in Global Finance Central Banker Report Cards 2023
He was responding to a tweet by RBI, which read, "We are happy to announce that Governor Shri Shaktikanta Das has been rated “A+” in the Global Finance Central Banker Report Cards 2023. Shri Das has been placed at the top of the list of three central bank governors who have been rated A+."
ED arrests Jet Airways founder Naresh Goyal in money laundering case
The sources said that Goyal was arrested at around 10 p.m. on Friday after a marathon interrogation in connection with causing Rs 538 crore loss to Canara Bank. He will be produced before a PMLA court in Mumbai on Saturday. The ED case is based on an FIR registered by the Central Bureau of Investigation (CBI) in May this year.
Air India has recruited more than 650 pilots since April 1, says CEO Campbell Wilson
His message comes days after the Directorate General of Civil Aviation (DGCA) had suspended simulators training for A320 pilots at Air India's Hyderabad facility and Boeing pilots at the Tata Group-owned airline's Mumbai facility.
Adani Group market cap jumps by Rs 12,675 crore
The total market capitalisation of the 10 listed Adani Group companies touched Rs 10.62 trillion, up from Rs 10.49 trillion in the previous closing.
Mirae Asset looking to acquire India’s 9th largest brokerage Sharekhan
Bidders for Sharekhan have recently been shortlisted and Mirae Asset is one of them, people familiar with the matter said on Thursday.
CCI grants approval for merger of Vistara and Air India
This significant development opens the door for Air India to potentially become India's largest international carrier and the second-largest domestic carrier, trailing only IndiGo.
2,000 denomination notes worth Rs 3.32 lakh crore received back till Aug 31
Consequently, Rs 2,000 banknotes in circulation at the close of business on August 31 stood at Rs 0.24 lakh crore in terms of value.
Nifty makes significant gains on positive PMI, GDP data
This robust economic outlook propelled the key manufacturing sectors to lead the rally, while strong sales figures generated increased interest in auto stocks. The positive opening in global markets provided additional momentum for investor sentiment, particularly as US PCE inflation aligned with expectations, Nair said.
Current 14.5 crore air passengers projected to rise to 42.5 crore by 2035: Scindia
"This growth potential presents an opportunity for international players to engage in India's aviation market,” he said at the International Aerospace Conference, organised by the CII, here.
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