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The Economic Times

Airfare hike not linked to rise in airport charges: Airports Council International

Airport charges are crucial for infrastructure development in aviation, says Airports Council International (ACI). Despite concerns from the International Air Transportation Association (IATA) about rising charges, ACI maintains that these fees are vital for airport revenue and do not significantly impact airfares. India's rapid aviation growth highlights the importance of maintaining infrastructure investment.

Mint

India's OVL, OIL, Kabil join hands with UAE's IRH in critical mineral hunt

The partnership comes as India seeks to reduce its reliance on China, which dominates the critical minerals market, and aligns with the country’s mission to secure vital resources for its renewable energy and tech ambitions.

The Economic Times

Turning 30? Don't miss these 5 vital vitamins for women's wellness

Adding these vitamins after 30 helps women manage age-related hormonal changes, maintain energy levels, protect against premature aging, and strengthen overall health.

Business Standard

PM Modi asks automotive industry to bring global best practices to India

Prime Minister Narendra Modi on Tuesday asked the automotive industry to bring global best practices to India, while also working on green and clean mobility. In a written address to the annual convention of the Society of Indian Automobile Manufacturers (SIAM), Modi said the automotive industry will drive even higher economic growth and in turn, thrive on demand growth. "As we shift gears towards our collective goal of a Viksit Bharat by 2047, I am confident that organisations like SIAM will continue to bring together all stakeholders and become a force multiplier in this mission," he said. The prime minister said the road ahead demands that the country's progress is rapid, while also being sustainable. "Working (on) greener and cleaner mobility is a vital step in this direction. It is important that this climate-conscious and sustainable vision resonates with domestic and international partners," he asserted. "Further, at this critical juncture for India and the world, it is ...

Mint

Consumers Shift Spending to Pay for Basic Staples, Citi CFO Says

Credit losses are rising as US consumers shift spending to basic needs and away from purchases that aren’t vital, according to Citigroup Inc. Chief Financial Officer Mark Mason.

Mint

Nifty FMCG is surging. Here are 3 stocks to add to your watchlist

The Nifty FMCG Index has breached key levels, signalling a robust growth phase. The sector is emerging as a vital growth driver in the Indian stock market with these three stocks being the chart toppers

Business Standard

Toyo-India to do FEED for industrial carbon capture project for EET Fuels

EET Fuels, which owns and operates UK's Stanlow oil refinery, on Tuesday said it has appointed Toyo Engineering India Pvt Ltd to carry out the front-end engineering design (FEED) study for its industrial carbon capture project. EET Fuels is investing USD 1.2 billion over the next five years to decarbonise its Stanlow oil refinery in the UK. It is targeting a 95 per cent in emissions by 2030 through energy efficiency, carbon capture and fuel switching. "The company has appointed Toyo Engineering India Pvt Ltd (Toyo-India) (100 per cent subsidiary of Toyo Engineering Corporation, Japan) a leading engineering, procurement and construction company, to carry out the FEED phase - an integral part of the project management process," it said in a statement. Toyo-India will oversee design completion, project de-risking, detailed costing analysis and other vital work. Completion of FEED will enable the company to take final investment decision (FID) on the ICC project. Upon completion (expe

Business Standard

Public sector industries must prioritise MSMEs in buying raw materials: MoS

Union Minister of State for MSMEs Shobha Karandlaje on Friday emphasised that public sector industries must prioritise MSMEs when purchasing spare parts and raw materials. A memorandum to that effect will be submitted to Prime Minister Narendra Modi, said Karandlaje. The minister inaugurated a two-day conclave on MSME, organised by the Federation of Karnataka Chambers of Commerce & Industry (FKCCI) at Palace Grounds in Bengaluru. Karandlaje said small, micro, and medium sector industries play a vital role in the industrial development of the country. These MSMEs create jobs for our youth. The Centre has evolved many schemes to encourage MSMEs, she added. She also highlighted that there has been an increased allocation for MSMEs in the Union budget, emphasising that MSMEs are playing a vital role in realizing Prime Minister Narendra Modi's vision of a "Vikasit Bharat." According to Karandlaje, there is a need to improve the skill development of youth in MSMEs to better align with .

Business Standard

Sebi mulls proposals on PIDs' appointment process at key institutions

Sebi on Thursday came out with proposals connected with the process adopted by the markets regulator for the appointment of public interest directors (PIDs) on stock exchanges, clearing corporations and depositories, in a move aimed at improving shareholders' participation in the process. For improving ease of doing business for PIDs, the proposals include easing documentation requirements when being considered for PID appointment, allowing payment of fixed stipend to them in addition to sitting fees, and reducing cooling off period for their appointment. "The role of PIDs is vital in enhancing corporate integrity and governance standards in any market infrastructure institutions (MIIs). PIDs, especially, play a vital role in balancing the interests of MII's management, its shareholders and more importantly ensuring the safety, efficiency and integrity for the market participants using the infrastructure of these MIIs. "PIDs ensure that in pursuance of their business objectives, MII

Mint

Top 5 ancillary companies driving data centre growth

As India emerges as a global technology hub and a thriving digital ecosystem, these vital suppliers stand to benefit the most.

The Economic Times

Contentious California AI bill passes legislature, awaits governor's signature

California lawmakers passed a controversial AI safety bill, SB 1047, requiring safety testing for advanced AI models. Tech companies argue it may hinder innovation, while proponents see it as vital protection. Governor Newsom has until September 30 to sign or veto the bill.

The Economic Times

Auto Inc seeks policy boost for faster transition to green vehicles

India's adoption of electric and hybrid vehicles was significantly lower than China's, with EV penetration at 2.5% compared to China's 49%. Experts recommended incentivizing plug-in hybrid electric vehicles (PHEVs) to address economic and infrastructural barriers. Major automakers supported this strategy as a vital step towards promoting cleaner mobility solutions.

Business Standard

'SMEs turn to capital markets for funding, raise Rs 11,000 crore'

Small and Medium Enterprises (SMEs) are increasingly turning to the capital markets for funding, with 780 SMEs listed on the NSE and BSE as of June 2024, a senior official said on Wednesday, adding that these companies have raised approximately Rs 11,000 crore. The combined market capitalisation of these SMEs now exceeds Rs 1.6 lakh-crore, Shekhar Chaudhary, director of the financial markets division at the department of economic affairs, said. Speaking at the 10th edition of the CII (East) Capital Markets Conclave, Chaudhary emphasised the vital role capital markets play in India's economic growth and development. A report on SME Initial Public Offerings (IPOs) was released during the event. Experts discussed how capital markets could drive India's economic future by empowering SMEs to make significant contributions to the country's GDP, a statement said. Chaudhary also noted that in the social enterprise sector, nine NGOs have raised Rs 12 crore through a social exchange platform

The Economic Times

India to offer incentives for critical minerals extraction, govt source says

India allocated about $50 million to fund research institutes to aid miners in developing critical mineral extraction techniques. Previous efforts in lithium mining faced challenges, but the government plans to foster collaborations between research bodies and companies to enhance extraction and beneficiation processes, aiming to reduce the reliance on imports for essential minerals vital for energy transition technologies.

The Economic Times

Centre sweetens sops for exploring critical and strategic minerals

An official statement said a 25% exploration incentive for agencies engaged in discovering Critical and Strategic Minerals will “significantly enhance exploration efforts in these vital areas, contributing to India's self-reliance in mineral resources.”

The Economic Times

Bangladesh charges 26 for destruction of vast mangrove forest

Shocking environmental crime in Bangladesh as 26 people face charges for destroying vital mangrove forests to make way for shrimp and salt farms. Officials from the ruling Awami League party are implicated. Climate change impact worsens as ecosystem loss threatens coastal protection. International concern as world's mangrove ecosystems at risk of collapse.

The Economic Times

Air India cancels scheduled flight for Indian cricket team charter

Air India used a Boeing 777 meant for a US-India flight to ferry the Indian cricket team from Barbados, triggering concern from regulators. The charter flight, organised by the BCCI, departed Bridgetown for Delhi. The DGCA is investigating as rules prohibit disrupting scheduled flights for charters. Air India allegedly cancelled a Newark-Delhi flight, causing passenger inconvenience. Charters are lucrative for airlines and were vital due to a hurricane stranding the cricket team.

Business Standard

Anand Mahindra asks industry to boost capital investment to 'ride the tide'

Indian companies need to enhance capital investment in order to take advantage of the growth opportunities available in India and abroad, according to Mahindra Group Chairman Anand Mahindra. Addressing shareholders in the company's annual report for 2023-24, the leading industrialist noted that the interplay of geopolitics and economic linkages in the post-COVID era has seen India's position strengthen. India's emerging role as one of the vital nodes in future-proofed supply chains across industries opens the door for growth within the country and expansion beyond, he stated. "How can we, in private industry, ensure that we ride this upsurging tide? ..In the spirit of 'ask not what your country can do for you; ask what you can do for your country', I would argue that the most important thing industry can do at this critical juncture is to increase private investment," Mahindra said. Private capital investment is the key to capitalising on this opportunity as it is a key driver of .

The Economic Times

India set to see biggest jump in coal-fired power in a decade

India is set to add 15.4 gigawatts of new coal power capacity this year, the most in nearly a decade, to meet rising electricity demand. Despite clean-power goals, coal remains vital due to economic growth and severe heat waves. Challenges in energy storage hinder renewable expansion, with slow progress in alternative technologies.