Air India on Friday said it has completed the acquisition of its first A350-900 aircraft by way of a finance lease transaction with HSBC through the GIFT City.
This is also the first wide body aircraft to be leased through the GIFT City, the country's first International Financial Services Centre (IFSC).
In a release, the airline said the transaction was facilitated by its wholly-owned subsidiary AI Fleet Services Ltd (AIFS) and is also the first financing transaction from the orders for 470 aircraft that were made earlier this year.
Tata Group-owned Air India, which has embarked on an ambitious transformation plan, expects the first A350-900 aircraft to arrive in India by the end of this year.
According to the release, the airline has successfully acquired India's first Airbus A350-900 aircraft through a finance lease transaction with HSBC.
"This landmark transaction marks the beginning of our aircraft leasing business from GIFT IFSC, as AIFS will be the primary Air India Group .

Air India

The six units being planned to be listed are Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Power, Vedanta Steel and Ferrous Materials, Vedanta Base Metals and Vedanta Limited

Vedanta

The counter that hit a 52-week low of Rs 42.39 on August 29, 2023, traded at a record low of Rs 37.96 in March 2009. It had hit a record high of Rs 581.24 in December 2007

Real estate

Shares of GMDC hit a record high of Rs 323.70 as they rallied 14%, surpassing its previous high of Rs 316.18 touched on November 12, 2007

Lignite

1 out of every 25 shares from the Nifty 500 index has more-than-doubled investors wealth in 2023 so  far, with Apar Industries, Mazagon Dock and JBM Auto as the top movers.

Wealth-Manager

Bouncing back from being on the receiving end of nature's fury, Himachal Pradesh now plans to hold tourism festivals in all its 12 districts as 99 per cent of tourism activities have resumed in the state, an official said Tuesday.
Raghubir Singh Bali, the vice chairman of the Himachal Pradesh Tourism Development Board, also said district Tourism Officers would prepare the theme of festivals in their districts and school and college students and local representatives would be involved in various activities at the festival.
Excessive rains and flash floods, triggering massive landslides had thrown normal life out of gear but the government actively carried out restoration operations and as on day roads are open, services have been restored and the state is fully prepared to receive tourists, Bali said in a statement issued here.
Bali, who is also the chairman of HP Tourism Development Corporation (HPTDC), said Shimla Flying Festival would be organised at Junga near the state capital .

Himachal Pradesh

Dozens of Khalistan supporters on Monday outside the Indian Consulate in Vancouver held a protest against the killing of Khalistani terrorist Hardeep Singh Nijjar

Adhir Ranjan Chowdhury

The U.N.'s most powerful body must support governments seeking to legally declare the intensifying crackdown by Afghanistan's Taliban rulers on women and girls gender apartheid, the head of the U.N. agency promoting gender equality said Tuesday.
Sima Bahous, executive director of UN Women, told the Security Council that more than 50 increasingly dire Taliban edicts are being enforced with more severity including by male family members. That is exacerbating mental health issues and suicidal thoughts especially among young women and is shrinking women's decision-making even in their own homes.
They tell us that they are prisoners living in darkness, confined to their homes without hope or future," she said.
Under international law, apartheid is defined as a system of legalized racial segregation that originated in South Africa. But a growing consensus among international experts, officials and activists says apartheid can also apply to gender in cases like that of Afghanistan, where .

Women students in Afghanistan

The govt has been pushing for a local semiconductor ecosystem to reduce dependency on other countries for semiconductors

semiconductor

The United States has said there ought to be a full and fair investigation into Canada's allegations that the Indian government was involved in the killing of a separatist Sikh leader in British Columbia earlier this year.
State Department Spokesperson Matthew Miller said this at a news conference here on Tuesday.
"They are such concerning allegations that we think there ought to be a full and fair investigation," Miller said, adding, "Canada has said it is committed to doing that, and we believe the Indian government should cooperate with it."
The official was responding to a question on a row between Canada and India after the conclusion of the G20 Summit in New Delhi.
Canada has accused India of being involved in the killing of Sikh separatist Hardeep Singh Nijjar in British Columbia. India has termed the allegations "baseless" and said Canada has become a safe haven for terrorists.
"We are obviously quite concerned about the situation in Canada. We have cooperated closely with

US India

Tata Steel on Friday commissioned a 10.8-MW capacity floating solar power project on the upper cooling pond of its Jamshedpur plant in Jharkhand.
A total of 20.34 MW of solar projects have been commissioned in various facilities at Tata Steel in Jamshedpur, the company said in a statement.
The floating solar project was commissioned by Tata Power under an agreement with the steel major for the installation of a total of 41MW with a combination of rooftop, floating and ground-mounted solar panels across its locations.
Earlier, rooftop solar projects at the central warehouse, cold rolling mill, wire rod and hot strip mills, totalling 7.65 MW and a 2 MW ground-mounted solar project at Sonari Airport have already been commissioned.

Solar Energy, Renewable Energy, Green Energy

He said that the way the Indian Diaspora welcomed him with Uttarakhandi customs and musical instruments at Heathrow Airport, was in itself a special experience

Pushkar Singh Dhami

Global private equity firm Advent International on Friday announced a new board and management of Suven Pharmaceuticals after completing the acquisition of a majority stake in the domestic drug maker.
Suven Pharma will be led by a management team comprising Annaswamy Vaidheesh (Executive Chairman), Dr V Prasada Raju (Managing Director) and Dr Sudhir Kumar Singh (Chief Executive Office), Advent International said in a statement filed on BSE by Suven Pharma.
In terms of the Board of Directors, along with Vaidheesh and Raju, Pankaj Patwari, Managing Director at Advent, will also join the team, it added.
Suven will also have three independent directors - - K.G Ananthakrishnan, Ex-MD MSD India and Ex-Director General of OPPI, and Chairman of PNB; Matangi Gowrishankar, Ex-BP Global Head of Capability Development, and Ex-Director of Human resources, Castrol India, Strategic Advisor and Certified coach; Vinod Rao, former head of investor relations at Diageo and ex-CFO PepsiCo Asia ...

pharma, medicine, drugs

The Chhattisgarh Police has arrested two people in connection with a Rs 20-crore burglary from a jewellery store in New Delhi earlier this week and recovered around 18.5 kg of gold and diamond ornaments from them, a senior official said on Friday.
A joint team of officials from the anti-crime and cyber unit and the Civil Line police station in Bilaspur district carried out the operation while probing a series of thefts in Bilaspur city, Superintendent of Police Santosh Singh told PTI.
Those arrested have been identified as Lokesh Srivas (32), who is allegedly involved in several thefts in Bilaspur, and Shiva Chandravanshi (23), he said.
The value of gold and diamond ornaments recovered from Srivas is estimated at Rs 12 crore but the exact value was yet to be ascertained, he added.
Acting on a tip-off about Srivas being present in Kawardha town of Chhattisgarh's Kabirdham district, the team conducted a raid there on Wednesday and arrested Chandravanshi along with ornaments worth Rs 

Police in Gurugram due to communal violence

The Gujarat High Court on Friday reserved its order in the review plea filed by Delhi Chief Minister Arvind Kejriwal in a matter related to Prime Minister Narendra Modi's degree after arguments concluded.
After hearing both the sides, Justice Biren Vaishnav kept the judgement reserved.
Earlier in June, Kejriwal, who also heads the Aam Aadmi Party (AAP), approached High Court seeking a review of its recent order setting aside the Central Information Commission's directive to the Gujarat University to provide information on Prime Minister Narendra Modi's Master of Arts (MA) degree to him.
In March, Justice Vaishnav had allowed Gujarat University's appeal against the CIC order and had also imposed a cost of Rs 25,000 on Kejriwal.
One of the key contentions raised by Kejriwal in his review plea is that contrary to Gujarat University's claim about Modi's degree being available online, no such degree is available on the university's website.
During Friday's hearing, senior lawyer Percy 

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Tata Steel commissions floating solar power project in Jamshedpur works

UK visit was successful, proposals worth Rs 12,500 cr signed: CM Dhami

Advent International announces new board, mgt team of Suven Pharmaceuticals

Delhi jewellery burglary: 2 held in Punjab, 18.5 kg ornaments recovered

PM's degree: HC concludes hearing in Kejriwal's review plea, reserves order

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