A preliminary report on the Air India Flight AI171 crash revealed a catastrophic engine failure just seconds after takeoff from Ahmedabad. Both engines of the Boeing 787-8 Dreamliner lost power due to a sudden fuel supply cutoff, leading to the fatal accident. Investigators are probing the cause, focusing on fuel control switches and a prior…
Oil prices surged over 2% due to IEA’s report of a potentially tighter global market driven by strong summer demand. Concerns about new US tariffs and potential sanctions on Russia further fueled the price increase. Despite near-term constraints, IEA increased supply growth predictions while reducing demand forecasts, suggesting a possible future surplus.
To enhance toll plaza efficiency and prepare for digital upgrades, NHAI is cracking down on ‘loose FASTags’. This move aims to ensure FASTag authenticity and ETC system integrity before implementing annual passes and multi-lane free flow tolling. NHAI will blacklist reported ‘tag-in-hand’ violations, addressing issues like false chargebacks and congestion.
Tesla has officially entered the Indian market, securing a trade certificate from the Maharashtra transport department. This allows the EV giant to commence sales, display vehicles, and offer test drives, with the inaugural showroom slated to open in Mumbai on July 15. The company plans to launch its Model Y initially, marking a significant step…
Silver prices in India soared to a record high, surpassing Rs 1.11 lakh per kilogram, driven by global trade tensions and expectations of a dovish US Federal Reserve. This surge mirrored international trends, with spot silver climbing to $37.19 an ounce. Investors sought safe-haven assets amid geopolitical risks and tariff-related uncertainties, further fueled by Trump’s…
Indian defence stocks experienced a downturn on Thursday as investors engaged in profit booking after a robust three-month rally. The Nifty India Defence Index declined by 2%, with Bharat Dynamics leading the losses after a ‘neutral’ rating from Motilal Oswal. Analysts attribute the correction to stretched valuations and easing geopolitical tensions, despite long-term growth optimism…
Reliance Infrastructure sees its credit rating soar. India Ratings and Research elevates the company’s rating significantly. This follows Reliance Infra’s successful debt reduction. The company now boasts net zero debt. Timely debt servicing and settlements with subsidiary lenders also contributed. However, risks related to liabilities and arbitration remain. A recovery is expected in the engineering…
India’s net direct tax collections experienced a slight decrease of 1.34% year-on-year, totaling Rs 5.63 lakh crore between April 1 and July 10 of FY26, primarily due to a significant surge in refunds issued. Gross direct tax collections, before refunds, saw a modest rise of 3.17%, reaching Rs 6.65 lakh crore. The government aims for…
