The country's largest airline IndiGo has appointed Mark Sutch as the Chief Commercial Officer for its international cargo business. From March 1, the carrier said its cargo business CarGo will have two CCOs -- Mahesh Kumar Malik for domestic and Sutch for international segments. IndiGo inducted its first A321 freighter in November and the second [...]
L&T Technology Services (LTTS) on Thursday announced a new Centre of Excellence (CoE) in Mysore, Karnataka, that leverages the power of the cloud with Amazon Web Services (AWS). The CoE will allow L&T Technology Services to transition its suite of technologies focused on the future of mobility and reduce time-to-market for end customers. "By leveraging [...]
The shares of JBM Auto surged 8.47% on Thursday and reached a fresh 52-week high of ₹ 644.20 apiece on the National Stock Exchange (NSE). This happened after the Maharashtra government announced that the total EV fleet under the state transportation network would be increased by 5,000. While presenting the state's fiscal roadmap for 2023-24, [...]
Bharat Forge Limited (BFL), through its E -Mobility subsidiary, Kalyani Powertrain Limited, inaugurated its first ‘E-bike’ manufacturing facility at MIDC Chakan in Pune on 08th March 2023. The facility has a production capacity of 60,000 units per annum and is scalable to 100,000 units per annum. It will undertake the assembly of E-bikes for Tork [...]
Agrochemical firm Best Agrolife on Thursday said its board has approved capital expenditure (capex) plan of Rs 200 crore towards brownfield expansion and brand building. The company plans to utilise Rs 150 crore towards brownfield expansion in the technical manufacturing unit of Best Crop Science, its wholly-owned subsidiary, Best Agrolife said in a statement. The [...]
Public sector Indian Overseas Bank has disbursed Rs 5 crore worth of loans to self help groups during a campaign held in the city recently coinciding with the Women's Day celebrations, the bank said on Thursday. The women entrepreneur branch of Indian Overseas Bank in the city sanctioned loans worth Rs 1.53 crore during the [...]
Global Capital Markets is a non-banking financial company that lends both long-term and short-term loans, as well as invests in stocks and other securities. With a market capitalization of ₹ 88 crores, it is a penny stock listed on the Bombay Stock Exchange (BSE). The company’s shares have been on an uptrend since February 23, [...]
PTC India Financial Services on Thursday said it has received full pre-payment of its loan account of Patel Darah-Jhalawar Highway. The erstwhile independent directors of the company had highlighted the loan account, and hence, as a matter of prudence, PTC India Financial Services has taken proactive measures to recover the entire outstanding dues, the company [...]
Equity benchmark Sensex declined nearly 540 points on Thursday, pressured by heavy selling in index heavyweights Reliance Industries, Bajaj Finserv and ICICI Bank amid a sluggish trend in the global markets. Besides, a weak rupee against major currencies overseas further weighed on sentiment, traders said. Snapping its three-day gaining streak, the 30-share BSE Sensex opened [...]
Pakistan's Finance Minister Ishaq Dar vowed on Thursday that the government was “absolutely committed” to completing the current USD 7 billion bailout programme with the IMF, once again indicating that the cash-strapped country could sign the staff-level agreement with the global lender this week. The Pakistan government is in a race against time to implement [...]
