BOC Aviation Limited and India’s largest airline IndiGo have entered into a finance lease transaction involving 10 Airbus A320NEO aircraft to further expand its fleet, officials said on Wednesday.
Highlighting the “repercussions of a sudden subsidy reduction”, Tarun Mehta said that the electric two-wheeler industry lost one year of growth in 2023.
Union Finance Minister Nirmala Sitharaman said the decision was not taken with consensus, as had happened at the time of the GST change on lottery, with some states registering dissent but most states asking for early implementation of the decision taken at the last Council meeting.
Last week, the RBI asked banks to maintain an incremental cash reserve ratio (I-CRR) of 10 per cent on the increase in their net demand and time liabilities (NDTL) between May 19, 2023, and July 28, 2023.
Speaking at the annual FIBAC event, Das said household inflation expectations are becoming more anchored, but added that headline inflation is vulnerable to recurring and overlapping food price shocks.
RIL’s subsidiary Reliance Jio Platforms has posted a 12.5 per cent rise in net profit at Rs 5,098 crore for the June quarter from Rs 4,530 crore a year ago. Gross revenue increased 11.3 per cent to Rs 30,640 crore during the quarter.
Besides, selling pressure in the domestic equity markets dented market sentiments, forex traders said.
HDFC International Life and Re has been set up by HDFC Life, while HDFC AMC International (IFSC) Ltd has been established by HDFC Asset Management Company to offer services to NRIs and the global Indian diaspora.
Shares of Infosys, India’s second-largest IT company, fell over 10 per cent in the early session on Friday after the tech company announced its June quarter results on Thursday.
The Chhatrapati Shivaji Maharaj International Airport (CSMIA), controlled by MIAL, is the country’s second-largest airport (in terms of passengers served), behind Delhi’s Indira Gandhi International Airport.