BUSINESS
Air India signs purchase agreements for 470 aircraft in Paris Air Show
The purchase agreements were signed on the sidelines of the ongoing Paris Air Show. Air India's orders include 34 A350-1000, six A350-900, 20 Boeing 787 Dreamliners and 10 Boeing 777X widebody aircraft, as well as 140 Airbus A320neo, 70 Airbus A321neo and 190 Boeing 737MAX narrowbody aircraft.
I'm a fan of Modi, plan to visit India next year: Elon Musk
Musk, who is yet to bring his electric car-maker Tesla to India, said the country is great for solar energy investment. "I am a fan of Modi. India is great for solar energy investment. We are also hoping to bring Starlink internet to India," the outgoing Twitter CEO told reporters here late on Tuesday.
Reliance Industries is India's most valuable company
Axis Bank's Burgundy Private and Hurun India released an update on the list of 500 most valuable private sector companies in India which was launched in December 2022. This is a six-month update (from October 30, 2022- April 30, 2023) on the 2022 Burgundy Private-Hurun India 500, the list of 500 most valuable non-state-owned companies in India.
'Compromise settlement' provides ways to lenders to recover lost money: RBI
The RBI made the remarks while issuing a set issued a set of frequently asked questions (FAQs) on Framework for Compromise Settlements and Technical Write-offs. "The primary regulatory objective is to enable multiple avenues for lenders to recover the money in default without much delay," the RBI noted.
Swaminathan Janakiraman appointed RBI deputy governor
The Appointments Committee of Cabinet (ACC) on Tuesday approved his appointment. State Bank of India (SBI) managing director Swaminathan Janakiraman will hold the post for a period of three years from the date of joining or until further orders, whichever is earlier.
India to cross Rs 120,000 cr in mobile exports in FY24, Apple to surpass 50% share
The country surpassed a remarkable Rs 90,000 crore worth smartphone exports in the fiscal year 2022-2023. According to the India Cellular and Electronics Association (ICEA), the mobile phone exports have already registered a massive 128 per cent growth in the months of April-May this year.
Reliance Group appoints Parul Sharma as Group President
Welcoming Parul to the Reliance Group, Anil Ambani said, "I am pleased that Parul is joining us as Group President. While this is her first professional association with the Group, she has for long been a part of the broader Reliance family as Tony's partner. Our memories of Tony and what he meant for the Group makes Parul's entry all the more special."
Business route taken by India's renewable IPPs will reflect their credit quality: Moody's
Of the eight rated Indian IPPs, the three leading producers by installed capacity -- Greenko Energy Holdings (GEH), Renew Power Private Limited (RPPL) and Adani Green Energy Limited (AGEL) -- each have installed generation capacity of over five gigawatts, which had grown via greenfield development and acquisitions, the report notes.
IndiGo's order for 500 Airbus A320 family aircraft landmark for industry: Jyotiraditya Scindia
"IndiGo's order for 500 aircraft from a single manufacturer is unparalleled, solidifying its status as a pioneer in the aviation sector. This momentous decision will not only revolutionise the domestic aviation market but will also have a profound impact on our nation's economy," Jyotiraditya M. Scindia said.
Adobe's $20 bn Figma acquisition under lens in EU: Report
The EU regulators are preparing to launch a formal investigation into the acquisition, reports the Financial Times. The UK's competition watchdog is also looking into the Adobe-Figma deal. Adobe is already discussing the acquisition with regulators in the UK, EU, and the US.
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