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

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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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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

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Altogether 45 students, many of them girls, were injured in Manipur's Imphal Valley on Tuesday as the police fired tear gas shells and baton-charged protesters demonstrating against the killing of two youths who were allegedly kidnapped in July, officials said.
In view of the prevailing situation, the government reimposed suspension of internet services for five days and announced that all schools in the state will be closed till Friday.
Twenty-four MLAs of Manipur including 21 of the BJP have urged Union Home Minister Amit Shah for "urgent necessary action by the CBI against the guilty persons" involved in the killing of two youths.
The students of Imphal-based schools and colleges brought out the protest rallies hours after photos of the bodies of the two youths went viral on social media, demanding arrest of those involved in the killing.
The protesters clashed with the police near Sanjenthong in Imphal East district when security forces stopped them from advancing towards the .

Manipur

JPMorgan Chase has agreed to pay USD 75 million to the US Virgin Islands to settle claims that the bank enabled the sex trafficking acts of financier Jeffrey Epstein.
JPMorgan said on Tuesday that USD 55 million of the settlement will go toward local charities and assistance for victims. Another USD 20 million will go toward legal fees.
The Virgin Islands, where Epstein had an estate, sued JPMorgan last year, saying its investigation has revealed that the financial services giant enabled Epstein's recruiters to pay victims and was indispensable to the operation and concealment of the Epstein trafficking enterprise.
Epstein died by suicide in a federal jail in 2019.

JP Morgan

In complaint filed in federal court in Seattle Tuesday, the FTC and 17 states accused Amazon of engaging in a course of conduct to exclude rivals in online marketplace services and stifle competition

Amazon

More than 1.5 lakh individuals participated in the first nine days of the 'Swachhata Hi Seva' campaign, dedicating about five lakh man-hours to the exercise since it was launched on September 15, the railway ministry said on Tuesday.
The railways runs a cleanliness campaign from September 15 to 30 every year for a cleaner and more sanitised railway system.
This year there is a special emphasis on the cleanliness of railway tracks at stations, approaches to major stations, and the elimination of plastic waste from railway premises.
"It is a multifaceted approach to ensure that every nook and cranny of the railway network adheres to the principles of cleanliness and sustainability," the ministry said.
According to the ministry, the encouraging numbers of people's participation reflects the deep-rooted sense of responsibility and ownership that the citizens have taken towards making the railways cleaner and more hygienic.

Indian Railways, trains for lower income groups

The probe that European Commission President Ursula von der Leyen made public on Sept. 13 has the potential to reshape the competitive dynamics within the world's second-largest EV market, after China

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The Uttar Pradesh Real Estate Regulatory Authority on Friday allowed a realtor to complete a stuck housing project in Greater Noida.
The UP RERA approved the promotor's plan with the consent of a majority of allottees to complete the remaining construction and development work of Elegant Ville project in Techzone 4 area of Greater Noida West.
According to RERA officials, the project with 761 units was scheduled to be built in four phases and delivered by 2019 but got stuck.
"To protect the interests of the allottees of Elegant Ville, a stuck project of Gautam Buddh Nagar, UP RERA has authorized the promoter to complete the remaining construction and development work under provisions of section 8 of the RERA Act with the consent of its majority of allottees," UP RERA said.
"For this, the promoter of the project, Elegant Infracon Private Limited, has collaborated with Floral Realtech Private Limited and presented a plan of project rehabilitation according to which the project will be

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Cut to 2019, L&T was on the buyer side of the table of a hostile takeover of tech company Mindtree

SN Subrahmanyan

Maruti Suzuki India on Friday said it has received a show cause notice from the GST Authority proposing to demand interest and impose penalty, besides appropriating tax already paid, amounting to Rs 139.3 crore.
The notice pertains to the matter of tax liability under reverse charge basis on certain services for the period of July 2017 to August, 2022, Maruti Suzuki India said in a regulatory filing.
"The company will file a reply to the show cause notice before the Adjudicating Authority," it said, adding that there was no impact on its financial, operation or other activities due to the notice.
The company also said it has received a favourable order from the High Court of Punjab and Haryana wherein appeals filed by the Central Excise Department for the period June 2006 to March 2011 have been dismissed.
The Central Excise Department had filed appeals before the high court against an earlier tribunal order of August 2016, which was passed in favour of the company in which input .

Maruti Suzuki

Prime Minister Justin Trudeau has said Canada is "very serious" about building closer ties with India as it is a growing economic power and important geopolitical player, but wants New Delhi to work with Ottawa to ensure that they get the full facts about the killing of Hardeep Singh Nijjar.
Tensions flared between India and Canada following Trudeau's explosive allegations of the "potential" involvement of Indian agents in the killing of Khalistani extremist Nijjar on his country's soil on June 18 in British Columbia. India had designated Nijjar as a terrorist in 2020.
India angrily rejected the allegations as "absurd" and "motivated" and expelled a senior Canadian diplomat in a tit-for-tat move to Ottawa's expulsion of an Indian official over the case.
Trudeau said despite credible allegations against India, Canada is committed to building closer ties with it, The National Post newspaper reported.
Speaking at a press conference in Montreal, Trudeau said that he thinks it is extrem

Canadian Prime Minister Justin Trudeau

An Akasa aircraft from Mumbai with 166 people onboard made an emergency landing at Varanasi airport on Friday after the airline received a bomb threat message on social media, according to an airline spokesperson.
The airline said the captain of the flight QP 1498 received an "emergency alert" from the Varanasi Air Traffic Controller and followed all required emergency procedures and landed the plane safely at Varanasi.
"At 1130 am, Akasa Air got a bomb threat message on social media. We informed the local police in Mumbai and initiated the procedure for filing an FIR," the spokesperson said.
Subsequently, the emergency response mechanism was put in place and as part of the security protocol, the airline informed all the 16 airports from where it operates  about the bomb threat and put them on alert, the spokesperson said.
The spokesperson said the threat was later categorised as "non-specific".
According to the airline, there were 166 people onboard, including 159 passengers, 1 .

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UP Rera allows promotor to complete stuck Elegant Ville project in Noida

Change of guard at L&T: Size, scale key challenges for S N Subrahmanyan

Maruti receives show cause notice from GST Authority, demands interest

Canada committed to 'closer ties' with India, says PM Justin Trudeau

Bomb threat: Akasa Air plane makes emergency landing at Varanasi airport

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