The DGCA fined Air India ₹90 lakh after the airline operated a flight from Mumbai to Riyadh on July 9 with an unqualified crew. The airline's Director of Operations and Director of Training were also penalized ₹6 lakh and ₹3 lakh, respectively, for regulatory violations and safety issues revealed through an investigation.
ISRO has released data from the Chandrayaan-3 mission for global research, celebrating the first anniversary of India’s Moon landing. The data, accessible on the PRADAN portal, includes over 55 gigabytes from Vikram lander and Pragyan rover. President Murmu recognized ISRO's contributions to science and India's growth in her National Space Day address.
Reliance-owned Ajio has launched British fashion brand ASOS on its platform, marking ASOS's entry into the Indian online retail market. The partnership introduces over 3,000 ASOS products, including lines like ASOS Design and ASOS Luxe. This move enhances Ajio’s collection of exclusive international brands and targets young Indian fashion enthusiasts, the company said in a press release on Friday.
This weekend, California's High Sierra could see an uncommon August snowstorm that would disrupt the region's weather patterns and wildfire season. The West Coast will have heavy rain, unusually low temperatures, variable fire hazards, and possibly snowfall.
Prices of two major food items, potato and rice, have decreased. Potato prices fell by 8% in 20 days due to an oversupply caused by West Bengal halting interstate movement briefly. Similarly, rice prices dropped as kharif crop expectations were good and global competition drove down export prices.
External members of India's rate-setting panel suggested keeping headline inflation as the target for monetary policy. They emphasized that headline inflation captures overall price pressures including volatile food and fuel prices. While core inflation has been low, targeting headline inflation is crucial as it directly impacts the public. Persistently high food prices have influenced recent monetary policy decisions.
Union Heavy Industries & Steel Minister HD Kumaraswamy presented official notes at Mysore Urban Development Authority supporting his claim that CM Siddaramaiah was involved in his wife receiving 14 MUDA plots in Mysuru. The notes revealed the CM's wife requested alternative plots, contradicting the CM's claims. The CM's wife rejected offers of compensation or alternative plots, demanding a specific plot. Kumaraswamy urged the CM to review the records and respond.
Ajio, a fashion e-tailer under Reliance Retail, has launched the British fashion brand ASOS exclusively in India. Catering to the increasing demand for international brands, Ajio will initially offer 3,000 options, with plans to expand to 20,000 within a year, further enhancing its diverse portfolio of global fashion brands.
Warner Bros's CEO, David Zaslav, has a lot on his plate as the company struggles with declining revenues and a $9.1 billion writedown.
Economists predict that Fed Chair Powell will hint at interest rate cuts starting in September, but won't be too specific due to an upcoming jobs report. The recent rise in unemployment has made officials cautious, as they want to assess if the job market is truly weakening before committing to any action.
Following the excitement of the Paris Olympics, French President Macron now has the challenge of making the country governable. He is consulting with political leaders to select a new prime minister amid a hung parliament, social tensions, and rising debt. Left-wing nominee Lucie Castets is among the key candidates, with urgent calls for a decision.
Egypt with fellow mediators Qatar and the United States have for months tried to reach a deal to end more than 10 months of war between Israel and the Palestinian Islamist movement Hamas in Gaza. Top US diplomat Antony Blinken visited the region this week to emphasise the urgency of an agreement. Witnesses on Friday reported combat in the territory's north, heavy shelling in the centre, and tank fire in the far south near Rafah city.
Former steel secretary Nagendra Nath Sinha has raised concerns about the Indian steel market being impacted by unfair imports and dumping, exacerbated by a demand slump in China. He emphasised the need for the government to take immediate action to address these issues to protect the profitability of domestic steel makers. An anti-dumping probe has been initiated into the import of hot-rolled steel products from Vietnam following complaints from the Indian Steel Association.
Nifty formed a small negative candle on Friday, with an ongoing trend of higher highs and lows. The index shows a choppy but positive bias, potentially reaching 25,000-25,100 soon. Immediate support is at 24,650. Weekly charts indicate a positive candle and a filled down gap resistance at 24,700.
SoftBank-backed Swiggy is planning an IPO to raise $1-1.2 billion, targeting a $15 billion valuation. Competing with Zomato in the quick commerce sector, Swiggy's IPO aims to expand its Instamart business. The company received shareholder approval and expects regulatory clearance shortly.
The government invited proposals to set up e-commerce export hubs (ECEH) in India. The initiative aims to streamline export processes through e-commerce, supporting small producers and aggregators. The project includes warehousing, customs clearance, and returns processing, targeting to increase exports significantly in the coming years.
A top polling tracker has revealed that Kamala Harris has shown the trend of attaining the biggest lead over Republican candidate Donald Trump, at the state and national levels, and this piece of information could prove to be a major confidence booster as Democratic National Convention 2024 ends, with Harris delivering her acceptance speech.
Sources said the Governor has returned 11 bills to the government without his assent since January, and these included the six bills sent to the Raj Bhavan in August. The BJP had complained to the Governor against some of these bills, following which the Governor sought clarifications.
Calcium is essential for various bodily functions, especially for keeping our bones strong and healthy.
The Hyderabad facility is equipped with the latest manufacturing technologies including high precision electronic assembly, 3D optical and AI enabled state of the art inspection system, and lead free/RoHS-compliant processes. The plant will cater to various sectors such as industrial, automotive, medical electronics, aerospace and telecommunications.
Delhi authorities discovered a consignment of mescaline, a psychoactive drug from the peyote cactus, used in underground parties. The raid, leading to the arrest of a Nigerian woman, marks the first such seizure in the city. The drug's resurgence in popularity is linked to its appeal in the underground party scene.
Indian benchmark indices ended flat amid volatility on Friday, with traders awaiting Federal Reserve Chair Jerome Powell's speech for clues on potential U.S. rate cuts. Despite market fluctuations, five Nifty50 stocks reached new 52-week highs.
