Private carrier SpiceJet on Tuesday expressed its interest to acquire GoFirst and is planning to submit its offer after carrying out due diligence of the bankrupt airline. The shares of SpiceJet have hit a 52-week high following the announcement. In May this year, GoFirst had filed for voluntary insolvency before the National Company Law Tribunal, […]
Category: Hindustantimes
Hindustantimes
NTPC market cap now ₹3 trillion, joins Reliance, TCS in big league
National Thermal Power Corporation (NTPC), the state-owned power generation company, joined the top league of firms having a market cap over ₹3 trillion after its stock hit a new all-time high of ₹312.45 on Tuesday. The shares of NTPC were being traded in green at ₹309.80 at closure, a surge of nearly 3 per cent […]
Vande Bharat Express between Bengaluru – Coimbatore to be launched by end of December
The stage is set for the much-awaited Vande Bharat Express between Bengaluru and Tamil Nadu’s Coimbatore. Bengaluru Central MP PC Mohan confirmed that the Vande Bharat Express between the two cities will be launched by the end of December. This will be the fourth Vande Bharat Express for Karnataka. PC Mohan said, “By December’s end, […]
Softbank-backed FirstCry, Ola Electric to launch IPO soon: All you need to know before subscribing
E-vehicle startup Ola Electric and childcare supply company FirstCry, both backed by investor SoftBank, are all set to file their draft IPO paperwork soon. This means that their initial public offering (IPO) could be launched in the beginning of 2024. Both the firms – Ola Electric and FirstCry – are planning to file the IPO […]
Govt slashes additional excise duty on domestic crude oil to ₹1300
The government on Monday cut the windfall profit tax on crude oil produced in the country and on exports of diesel. The tax, levied in the form of Special Additional Excise Duty or SAED, on domestically produced crude oil has been reduced to ₹1,300 from ₹5,000 per tonne, according to an official notification. SAED on […]
Maha-Metro commences line-1 extension
PUNE: The Pune Metro has started work by officially floating the tender for the expansion of Pune Metro’s line-1 from Pimpri-Chinchwad Municipal Corporation (PCMC) to Nigdi (Bhakti Shakti Chowk). Pune Metro is being executed by Maharashtra Metro Rail Corporation Limited (Maha-Metro). The expansion holds importance for passengers commuting between Swargate and PCMC on the Pune […]
MSEDCL chalks plan to tackle power issues in Pune, PCMC industrial areas
In a bid to address the problem of irregular power supply in the Maharashtra Industrial Development Corporation (MIDC) areas of Hinjewadi, Bhosari, Ramtekdi, Akurdi and Talwade, the Maharashtra State Electricity Distribution Company Limited (MSEDCL) has prepared a comprehensive plan involving an investment of ₹45 crore to boost the existing infrastructure in these vital industrial zones. […]
Woman tweets shocking video of ticketless travellers in 1st AC coach, Indian Railways replies
Days after a video of passengers ‘hijacking’ the AC coach of Kumbh Express went viral, another such video is making the rounds on social media. The video, shared on X, shows passengers who don’t have valid tickets occupying the corridors of the first-tier AC coach of Sikkim Mahananda Express. While many raised concerns over the […]
Business couple Harihara & Preeti Mahapatra to invest in SpiceJet. Know about them
Businessman Harihara Mahapatra and his wife Preeti Mahapatra are likely to invest ₹1,100 crore in SpiceJet in return for a 19% stake in the companies. According to the Economic Times, which reviewed a detailed funding proposal, Aries Opportunities Fund will hold 3% while Elara Capital will hold 8%. The development comes as SpiceJet last week […]
Bengaluru: Power cuts till Dec 21; Check affected areas, timings, details
Bengaluru is expected to face scheduled power cuts this week, i.e., from Tuesday to Thursday, as power supply companies such as the Bangalore Electricity Supply Company (BESCOM) and the Karnataka Power Transmission Corporation Limited (KPTCL) have undertaken several periodical maintenance and repair works. These works include jungle clearance, renovation, modernisation, DTC structure maintenance, line maintenance, […]
Canada set to mandate zero emissions for all new cars by 2035: Report
Canada will announce next week that all new cars will have to be zero emissions by 2035, the Toronto Star reported on Sunday, as Ottawa is set to unveil new regulations in the latest example of countries around the world pushing for electrification. New rules, known as the Electric Vehicle Availability Standard, will also shorten […]
Ayodhya railway station likely to be ready by Dec 31
Not just an international airport, the temple town is also getting a railway station that is expected to be ready by December 31. Officials said it would be one of the most remarkable railway stations in the country. Equipped with world-class facilities, the first phase of the Ayodhya railway station has been readied at a […]