Page 37 - Press Trust Of India

Pilot duty rules make aviation uncompetitive: IndiGo MD Rahul Bhatia

IndiGo's Rahul Bhatia urged the government to review pilot duty time rules, saying they raise airline costs and make Indian aviation less competitive

Stock markets end higher led by blue-chip buying, foreign fund inflows

Benchmark equity indices Sensex and Nifty ended higher on Thursday, driven by a rally in blue-chip stocks Reliance Industries, HDFC Bank and foreign fund inflows.

Lenders less likely to extend credit to new borrower now than a decade back

Lenders are less likely to provide loans to borrowers who are new to credit, as they prefer to serve their existing customers, a leading credit information company said on Thursday.

Pellet guns can't be banned while rules permit their use: Supreme Court

The Supreme Court said pellet guns cannot be banned while existing rules permit their use in exceptional cases, but allegations of misuse can be examined individually

Reforms brought to make govt hiring time-bound, says Jitendra Singh

The Centre said reforms, including AI-based verification and face authentication, have made UPSC and SSC recruitment faster, more transparent and secure

Zepto pauses IPO, to raise Rs 1K cr in pre-IPO round at $4.5 bn valuation

The capital infusion is expected to be led primarily by domestic investors to raise Indian shareholding in the company, which currently stands at around 40 per cent

India, Germany to sign submarine deal 'very soon': Envoy Ackermann

India and Germany are expected to sign a deal for next-generation submarines "very soon", German Ambassador to India Philipp Ackermann said on Thursday.

E20 petrol may bring down vehicle mileage by up to 6%: Nitin Gadkari

The Union Minister, however, argued that tests for engine durability on a dynamometer and on-road vehicle tests have not shown any failures due to E20.

Police probe alleged AI use by protesters to counter crowd-control measures

Investigators say some participants in the July 20 'Chalo Sansad' protest may have used AI tools to learn ways to reduce the impact of tear gas and prepare for clashes

ArcelorMittal Q2 net income falls 62% to $683 million despite higher sales

The global steelmaker reported a sharp year-on-year decline in June-quarter earnings, while revenue and steel shipments rose on stronger prices and demand

M3M India to invest ₹600 crore to build commercial project in Gurugram

The realty firm launched the M3M Capital Financial Center at Dwarka Expressway, with the project expected to be completed by 2029

Ajanta Pharma Q1 result: PAT rises 31% to ₹334 cr on strong India, US sales

The drugmaker reported robust first-quarter earnings as revenue from branded generics in India and generic medicines in the US recorded strong double-digit growth

Icra Q1 result: Profit rises 32% to ₹56 cr on strong analytics demand

The rating agency reports higher first-quarter profit and revenue, driven by healthy growth in ratings and sustained demand for risk and analytics solutions

Deepak Fertilisers & Petrochemicals Q1 result: Profit doubles to ₹490 cr

The fertiliser and industrial chemicals maker reported a sharp rise in first-quarter profit as total income increases on the back of stronger business performance

FSSAI suspends licence of Dior Pharmaceuticals for violations at factory

The food regulator cited serious lapses in manufacturing, hygiene and food safety practices at the company's nutraceutical unit in Punjab

Exide Industries Q1FY27 result: Net profit rises 28% to ₹351 crore

The battery maker reported higher first-quarter profit and revenue, supported by robust demand for automotive batteries despite an increase in expenses

Prestige Estates Q1FY27 result: Net profit down 19% at ₹236 crore

The realty firm reported lower June-quarter profit despite higher income and announced a strategic partnership to develop a 5 million sq ft residential project in Thane

China sets up high-altitude drone R&D centre in Tibet near Mt Everest

The high-altitude centre is expected to provide an advantage for China in its ongoing competition for technological dominance with the US

HFCL bags fresh order for optical fibre cable exports worth ₹441 crore

The telecom equipment maker secures a $46.13 million export contract through its overseas subsidiary, with execution scheduled by January 2027

Global gold demand flat at 1,269 tonnes in June quarter, says WGC

The WGC report further stated that high prices continued to weigh on jewellery demand in Q2, which fell 17 per cent year-on-year as consumers bought less gold and shifted towards lighter products