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 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

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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

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

Jaishankar said that the Indian side will take action if the Canadian side provides specific information in connection with Hardeep Singh Nijjar's killing

S Jaishankar

The transactions at PoS increased by nearly 6.7 per cent to 
Rs 52,961 crore whereas e-commerce payments jumped to Rs 95,641 crore

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Data Patterns (India) and Godfrey Phillips are the other two stocks which seem to be favourably placed on the charts, thus making a case for lower-risk at current levels.

Markets, bulls, bears, stocks, trading, technicals, market technical, technical analysis

Citing macroeconomic conditions, many IT companies have opted to hand out small increment or defer salary hikes this year

Infosys Limited Corporate Head Office

The urgency for Southeast Asian nations to switch to clean energy to combat climate change is reinvigorating a 20-year-old plan for the region to share power.
Malaysia and Indonesia inked a deal in Bali, Indonesia last month to study 18 potential locations where cross-border transmission lines can be set up.
Those links could eventually generate power roughly equivalent to what 33 nuclear power plants would produce in a year.
They are economically and technically feasible, and now are supported by regional governments, said Beni Suryadi a power expert at the ASEAN Centre for Energy in Jakarta, Indonesia.
The Association of Southeast Asian Nations or ASEAN is a political and economic gathering of 10 countries across a vast region, from tiny Brunei and Singapore to military-controlled Myanmar and fast-rising economic power Vietnam.
Experts describe imports by Singapore of hydroelectric-generated power from Laos via transmissions through Thailand and Malaysia as a pathfinder project,

industry, policy, climate change, green bond

India's Sarabjot Singh and Divya TS settled for a silver medal in the 10m air pistol mixed team event, losing the finals to Chinese pair at the Asian Games here on Saturday.
The final score read 16-14 in favour of Chinese shooters Zhang Bowen and Jiang Ranxin in the shoot-off for gold.
India thus have won 19 medals in shooting, including 6 gold, 8 silver and 5 bronze, from the continental Games.
Sarabjot had shot 291, while Divya scored 286 to aggregate 577 and finish ahead of China (576) in the qualification round.
But in the shoot-off for gold, the Chinese pair turned the tables on the Indians, emerging winners after trailing the Indian duo for much of the finals.

India's Sarabjot and Divya win silver in Mixed Team 10m air pistol event. Photo: SAI

Asian Games 2023

To do so, we must strengthen our law enforcement agencies, enhance international cooperation, and enact stringent measures to combat illicit trade at its roots," he said

Union Minister Anurag Thakur

"Our theme: One Earth, One Family, One Future is represented so well today before us culturally," the EAM said

Jaishankar, EAM Jaishankar

The NSS Awards, instituted by the Union Ministry of Youth Affairs and Sports, are presented every year to the NSS Volunteers, Programme Officers, NSS Units and the Universities/+2 Councils

Murmu presents National Service Scheme awards

The NHRC on Friday expressed serious concern over the "tardy progress" towards achieving zero stubble burning to reduce air pollution, with its chairperson saying the time has come to "fix responsibility of officers from the top to bottom".
National Human Rights Commission (NHRC) chairperson justice (retd) Arun Kumar Mishra said this while chairing the full Commission follow-up hearing through video conference on the matter of Delhi air pollution, which the rights panel had taken up suo motu last year on the basis of media reports, officials said.
Expressing serious concern over the tardy progress towards achieving zero stubble-burning to reduce air pollution, the NHRC chief said the time has come to "fix responsibility of officers from the top to bottom".
He said, "We have to rise to the situation as millions are choking due to air pollution and cannot allow it to be so perpetually".
"The poor farmers cannot be blamed solely for stubble burning some of them do not have the financi

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Asiad 2023: Sarabjot, Divya settle for silver in10m air pistol mixed team

Illicit trade casts shadow on India's $5 trn economy aim progress: Thakur

India took up G20 presidency with approach of bringing world together: EAM

President Droupadi Murmu presents National Service Scheme awards

NHRC raises concern over 'tardy progress' towards zero stubble-burning aim

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