India has reclaimed fifth place among the world’s top equity markets by value after being briefly usurped by France during a selloff of Adani Group shares. India’s market capitalization stood at $3.15 trillion on Friday, inching back above France with the UK retaining seventh place, according to data compiled by Bloomberg that shows the combined […]
Category: The Indian Express
Indian Express
Sebi to update FM Sitharaman on Adani probe this week: Report
India’s market regulator will update the finance ministry this week on its investigation into the Adani Group’s withdrawn $2.5 billion follow-on public issue, two sources familiar with the matter said on Monday. The board of the Securities and Exchange Board of India (SEBI) is scheduled to meet Finance Minister Nirmala Sitharaman on Feb. 15, the […]
Adani cuts growth target, capex in post-Hindenburg repair moves
Gautam Adani’s conglomerate has halved its revenue growth target and plans to hold off fresh capital expenditure, according to people familiar with the matter, as the Indian billionaire seeks to rebuild investor confidence in the wake of a bruising short seller attack. The group will now aim for revenue growth of 15% to 20% for […]
Aero India: US showcases 2 F-35s, turns up with largest-ever team
While India is developing its indigenous fifth-generation Advanced Medium Combat Aircraft (AMCA) for the Indian Air Force, the United States has flown in two of its Air Force’s fifth-generation fighters—the supersonic and multirole jets F-35A Lightning II and F-35A Joint Strike Fighter—marking their debut in Aero India. The F-35A Lightning II Demonstration Team from Hill […]
Health Specials HLFT-42 to transform training of Indian Air Force pilots: HAL officials
On Day 1 of Aero India in Bengaluru, the stall displaying the scale model of Hindustan Lead in Fighter Trainer (HLFT)-42, a project conceived by defence PSU Hindustan Aeronautics Limited (HAL), was one of the crowd pullers. The HLFT-42 is claimed by the HAL as the ‘Next Gen Supersonic Trainer’ that will play a critical […]
Mumbai International Airport witnesses surge in passenger movement in January
Being the second busiest airports in the country, Mumbai’s Chhatrapati Shivaji Maharaj International Airport (CSMIA) has recorded nearly 4.5 million passenger movements in January 2023. Exhibiting significant growth, CSMIA witnessed successful flow of passengers in first month with nearly 1.2 million international passengers, and around 3.2 million domestic passengers. CSMIA, in January 2023, has played […]
37,696 passengers travel from Sardar Vallabhbhai Patel International airport in a day
As many as 37,696 passengers travelled from the Sardar Vallabhbhai Patel International Airport in Ahmedabad on Sunday, marking the highest number of passengers from the airport in a day, said a release from the Adani Group. As per their press note, 31,688 domestic passengers and 6,008 international passengers took 267 flights on Sunday. “Non-schedule flight […]
Runway 29 at Air Force Station CAT-II compliant: Centre to Punjab and Haryana HC
The Indian Air Force/Central government on Monday submitted through an affidavit before the Punjab and Haryana High Court that ILS (Instrument Landing System) for Runway 29 at Air Force Station Chandigarh was now CAT-II compliant. With the CAT-2 ILS system, aircraft will be able to land at the airport even when the visibility is between […]
Anand Mahindra shares drone view of Bengaluru-Mysuru expressway: ‘A powerful symbol’
Business tycoon Anand Mahindra was left mesmerised by the aerial view of the new Bengaluru-Mysuru expressway. Lauding the infrastructure project, he noted it as a “powerful symbol of global-standard infrastructure transforming India”. The drone video captures the Bengaluru-Mysuru expressway as Vande Bharat train passes underneath. A few vehicles are seen on the expressway. “Drone view […]
Bengaluru-Mysuru expressway: Check tentative toll rates here
Light motor vehicles may need to pay a toll of Rs 250 on the Bengaluru-Mysuru expressway, according to Mysuru-Kodagu MP Pratap Simha. Pratap Simha Monday said, “The toll price is yet to be finalised. The first stretch from Bengaluru to Nidaghatta may cost Rs 135 and the rest would be for the other stretch. It […]
Residents, shop owners protest Naranpura road widening project
Residents of around 14 residential societies and over 100 shop owners have launched a protest against the road widening project on nearly 1.5 km stretch in Naranpura area of Ahmedabad. On Monday, banners against the ruling BJP government were seen in Naranpura area. The protestors claim that widening of the existing 80 feet road to […]
Mumbai Coastal Road Project hit, construction work grinds to a halt
The indefinite strike by the Mumbai Water Tanker Association (MWTA), which has affected water supply to major hotels and two posh South Mumbai clubs since Sunday, has also brought to a standstill all construction work on the Coastal Road project. Brihanmumbai Municipal Corporation (BMC) officials told The Indian Express on Monday that all ongoing works […]