business

The Mumbai-Ahmedabad bullet train project achieved a significant milestone with the completion of the Daman Ganga River bridge in Gujarat’s Valsad district, announced NHSRCL. This 360-meter bridge is the 16th of 21 planned river bridges in Gujarat and the fifth in Valsad. The bridge lies between the Boisar and Vapi stations.

Home-cooked meals became pricier in June, Crisil reports, with vegetarian thalis costing ₹27.1, a 3% rise, and non-vegetarian thalis at ₹54.8, up 4%. Tomato prices surged 36% due to reduced supply, while potato and broiler prices also increased. Pushan Sharma of Crisil anticipates further price hikes due to seasonal vegetable costs.

Indira Gandhi International Airport (IGIA) in New Delhi has ascended to become the ninth busiest airport globally in 2024, managing over 7.78 crore passengers. Atlanta airport leads the Airports Council International’s (ACI) rankings. IGIA also improved its position in aircraft movements, securing 15th place worldwide with 4,77,509 flights. Globally, passenger traffic surged by 8.4% compared…

ITR filing FY 2024-25: Choosing the right income tax regime is crucial for ITR filing. Salaried taxpayers can choose between the new and old regimes annually. The new regime has undergone revisions, making it more appealing. Tax slabs differ significantly between the regimes. Here is a comparison to make an informed choice:

Titan Company’s shares plummeted 5.5% after Q1 business update disappointed analysts, impacting the Jhunjhunwala family’s portfolio. Core jewellery segment growth was lower than expected due to surging gold prices affecting consumer sentiment. Brokerages turned cautious amid competition, while Titan focuses on strategies to attract customers despite modest growth.

The finance ministry is pressing public sector banks to expedite education loan processing, aiming for approvals within 15 days. Banks must establish centralized systems and higher authority approval for rejections, with clear communication to students.

Vietnamese EV manufacturer VinFast is partnering with RoadGrid to bolster its customer support network in India, focusing on accessible charging and aftersales services. As VinFast prepares to launch its VF7 and VF6 models, this collaboration aims to provide nationwide convenience and reliability. VinFast is also investing $500 million in a Tamil Nadu manufacturing plant.

Following the Air India crash, India’s aviation safety is under review. Parliament committees are meeting with aviation officials. They are examining lapses and demanding accountability. The focus is on infrastructure, emergency response, and technology. Audits of airlines and airports are underway. The government has pledged investment for upgrades. Regulatory reforms are also needed for aviation…

India’s national highway toll collections surged by 19.6% in the first quarter of the fiscal year, reaching a record high of Rs 20,681.87 crore. This growth, driven by revised toll rates, new roads, and increased highway usage, could push annual revenue above Rs 80,000 crore.