New Delhi: Prime Minister Narendra Modi on Wednesday recalled the valour of those who were part of the Assam Movement on the occasion of Swahid Diwas. “Today, on Swahid Diwas, we recall the valour of all those who were a part of the Assam Movement,” PM Modi said in a post on X. “The Movement…
In one of the most significant innovations in India’s asset-management industry, Specialised Investment Funds (SIFs) have been introduced as a new class of high-flexibility investment products aimed at affluent investors. With a minimum entry ticket of ₹10 lakh, these funds offer hedge-fund-style strategies—until now the preserve of AIF Category III vehicles and PMS portfolios—within the…
Mumbai: Reserve Bank Governor Sanjay Malhotra on Tuesday met the MD and CEO of public sector banks and select private sector banks here and urged them to pass on the rate cut to support sustainable growth. Since February 2025, the RBI has trimmed the key policy rate by 125 basis points to 5.25 per cent…
Mumbai: Crisis-ridden IndiGo on Tuesday claimed that the airline is back on its feet and operations are stable, even as it keeps addressing all customer needs. In the latest video message, IndiGo CEO Peter Elbers also said that lakhs of customers, whose flights were cancelled or delayed, have already received their full refunds, and the…
Moscow: India, a sovereign nation, is free to buy oil from sources it considers beneficial, the Kremlin said on Monday, while expressing confidence that New Delhi will stick to the policy of ensuring its economic interests. On August 6, the US imposed additional 25 percent tariffs on India for its purchase of oil and petroleum…
New Delhi: Tata Advanced Systems and Lockheed Martin on Monday announced the groundbreaking of a new maintenance, repair, and overhaul (MRO) facility in India to support operations of C-130J Super Hercules military transport aircraft. The announcement to set up the facility in Bengaluru came as a Tata-Lockheed Martin joint venture is pitching C-130J Super Hercules…
New Delhi: IndiGo CEO Pieter Elbers on Sunday said the airline will be operating around 1,650 flights on Sunday and “step by step, we are getting back”. In the last few days, hundreds of flights have been cancelled and delayed, causing hardships to thousands of passengers. The country’s largest airline, which generally operates around 2,300…
Mumbai: IndiGo is operating 1,650 flights of its 2,300 daily domestic and international flights on Sunday, and 650 remain cancelled for the day, amid the airline’s operations gradually stabilising after massive disruptions in the last five days, the airline said. IndiGo also said it is expecting to stabilise the network by December 10 against the…
A wave of innovation in Indian asset management has arrived with the launch of Specialised Investment Funds (SIFs). These funds, available to investors with a minimum investment of Rs 10 lakhs, offer sophisticated strategies similar to what was previously reserved for AIFs and PMS portfolios. SIFs deliver the ability to take unhedged short derivative positions,…
New Delhi: Authorities will take appropriate action in the matter of IndiGo flight disruptions depending on the inquiry committee’s findings, a senior government official said on Saturday. As flight disruptions continued for the fifth straight day, Civil Aviation Minister K Rammohan Naidu, along with senior civil aviation ministry officials, held a “serious meeting” with IndiGo…
