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Month: April 2025

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Indian aviation sector continues to face disruptions in supply chain: ICRA report | India-Business News

[ad_1] Indigo Aircraft (Photo: X/Indigo) India's aviation sector is grappling with a deepening crisis, as ongoing supply chain disruptions and engine-related challenges continue to ground operations, according to a report by the Investment Information and Credit Rating Agency (ICRA).The recent report said, “Supply-chain challenges and engine failure issues impact industry capacity; the industry has been facing supply-chain challenges and issues of engine failures for the Pratt and Whitney (P&W) engines supplied to various airlines.”The situation has been exacerbated by the global recall of Pratt & Whitney (P&W) engines and delays in testing by the manufacturer. As a result, airlines have been compelled to lease additional aircraft—largely through wet lease arrangements—to compensate for the grounded fleet. This move has driven up lease rentals and operating costs, while also reducing fuel efficiency, particularly because some of the replacement aircraft are older models […]

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Billionaire Harsh Goenka shares stock market advise for retail investors: “Yaad Rakho: Investing Ka Asli Hero Woh Hai Jo…

[ad_1] Billionaire Harsh Goenka, Chairman of RPG Enterprises, has shared a witty yet insightful lesson on navigating the volatile stock market, offering valuable advice to retail investors. In a recent post on X, Goenka humorously compared the market’s unpredictable swings to Bollywood stars, stating, “Markets aajkal full drama mein hain—ek din Salman Khan, agle din Uday Chopra” (Markets are full of drama these days—one day Salman Khan, the next day Uday Chopra).Read Harsh Goenka’s complete post hereGoenka emphasised the importance of strategic investing during market downturns, likening quality stocks to items on a “clearance sale”. He advised investors to remain calm and avoid panic selling, humorously adding, “Investing ka asli hero woh hai jo panic mein popcorn nahi, portfolio kharidta hai” (The real investor doesn’t panic; they buy portfolios, not popcorn, during downturns).“Markets aajkal full drama mein hain — ek […]

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Arms maker Saab posts record sales as Europe rearms

[ad_1] Representative image (AP) STOCKHOLM: Swedish defence group Saab on Friday reported soaring quarterly earnings and record sales as European countries beef up their defence capacities amid geopolitical tensions and uncertainties.The company noted, however, that the uncertainties, including those over US President Donald Trump's tariffs scheme, also "present challenges and make it difficult to predict the future".Saab manufactures the Gripen jet fighter, combat weapons systems and submarines, among other things.European countries have ramped up their military budgets since Russia's 2022 invasion of Ukraine.Trump is also pressuring NATO members to more than double their defence spending to five percent of GDP, warning that he could refuse to help protect countries that do not spend enough on their own defence.Saab saw its net profit soar by 53 percent in the first quarter from the same period a year ago, to 1.2 billion […]

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Nagaland NBSE HSSLC 2025 results declared, 82.44% students pass, girls outshine boys again: Check stream wise toppers and key details here

[ad_1] The Nagaland Board of School Education (NBSE) has announced the results for the Higher Secondary School Leaving Certificate (HSSLC) 2025 examinations today. A total of 16,649 students appeared for the exams across the Arts, Commerce, and Science streams.Of the total candidates, 13,725 have cleared the exams, bringing the overall pass percentage to 82.44%. Continuing the trend from previous years, girls have outperformed boys, with a pass rate of 85.98%, significantly ahead of the 78.17% recorded by their male counterparts.Nagaland NBSE HSSLC 2025 results: Stream-wise toppersIn the Arts stream, which saw the largest number of examinees (12,404), 84.05% cleared the exam. Vikhono Senotsu of Government Higher Secondary School, Jotsoma, topped the stream with 481 marks (96.20%). In Commerce, Arti Kumari from Ram Janaki Higher Secondary School, Dimapur, led with 473 marks (94.60%), helping the stream achieve an overall pass rate […]

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‘I’m too small a person to even speak about it’: Dinesh Karthik in awe of ‘absolute champion’ Virat Kohli

[ad_1] Royal Challengers Bengaluru's Virat Kohli plays a shot during the IPL match against Rajasthan Royals. (PTI Photo) NEW DELHI: Virat Kohli continues to dazzle in the IPL 2025 season, smashing his fifth half-century as Royal Challengers Bengaluru (RCB) edged out Rajasthan Royals by 11 runs at the M Chinnaswamy Stadium on Thursday. Kohli's 42-ball 70 powered RCB to 205/5 - a total their bowlers successfully defended, securing the team's sixth win of the season and lifting them to third in the points table.Now playing his 18th season - all for RCB - the 36-year-old is second in the Orange Cap race with 392 runs at an average of 65.33 and a strike rate of 144.11. But beyond the numbers, it's Kohli's mindset that continues to inspire.Go Beyond The Boundary with our YouTube channel. SUBSCRIBE NOW!RCB mentor and batting coach […]

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India’s GDP growth outlook trimmed to 6.3% as private investment stalls and US tariffs loom: Report

[ad_1] India’s economy is expected to grow at a slower pace in the current fiscal year, weighed down by subdued private sector investment and uncertainty surrounding American tariffs, according to a Reuters survey of economists.The fifth-largest economy in the world is projected to expand at an average rate of 6.3 per cent in FY2024 -25, based on a poll conducted from April 15-24 with participation from 54 economists. While this matches last year’s growth, it marks a slight downgrade from the 6.5 per cent forecast in a March survey. It still remains marginally above the International Monetary Fund’s (IMF) recent projection of 6.2 per cent.However, this represents a significant drop from the 9.2 per cent GDP growth recorded in fiscal year 2023–24, highlighting a slowdown in momentum.Economists say the headline figures mask deeper structural issues, including the economy’s inability to […]

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‘Valid, lawful exercise’: What Centre told SC on Waqf row in 10 points | India News

[ad_1] NEW DELHI: The Centre on Friday filed its response in the Supreme Court defending the Waqf Amendment Act, asserting that the legislation aligns with established practices and is a valid exercise of legislative power.The government informed the Supreme Court that the petitions were based on an incorrect assumption that the amendments violate fundamental religious freedoms.The Supreme Court had asked the Centre government to respond to the petitions within a week, whilst allowing petitioners to submit their rejoinder within five days thereafter.Here's what the Centre told Supreme Court in 10 points:The Centre said that the Waqf Amendment Act is a valid and lawful exercise of legislative power.The affidavit said that the presumption of constitutionality applies to laws made by Parliament.The Union government said there will be maximum of two non-Muslims among 22 members in the Waqf Council and Aukaf Boards, […]

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India may allow 49% foreign investment in its nuclear power plants

[ad_1] Since 2023, the government has been evaluating modifications to its nuclear foreign investment structure. (AI image) The Indian government is contemplating permitting foreign firms to acquire up to 49% ownership in nuclear power facilities, according to three government officials. This strategic shift aims to expand India’s closely monitored nuclear sector, supporting India's objectives to reduce carbon emissions.Since 2023, the government has been evaluating modifications to its nuclear foreign investment structure. The urgency to expand nuclear capacity has intensified as India endeavours to substitute coal-based power generation with environmentally friendly alternatives.Such investments in the nuclear domain could potentially influence tariff discussions with the United States, although according to a Reuters report, officials were uncertain whether this matter would be connected to any specific trade agreement.A civil nuclear agreement with the United States in 2008 enabled deals valued at billions of […]

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‘Bring relevant documents’: Court to ED as it refuses to issue notice to Sonia, Rahul Gandhi in National Herald case | India News

[ad_1] NEW DELHI: A Delhi court on Friday temporarily refused to issue notice to Congress leaders Sonia Gandhi and Rahul in the National Herald case as it asked the Enforcement Directorate to "bring more relevant document and cure the defects." “I cannot pass such an order until satisfied,” the judge said when the investigative agency urged, “We don’t want this order to be prolonged. Let notice be issued.” The matter has been scheduled for hearing on May 2.ED filed chargesheet in the National Herald money laundering case on April 9, marking a step toward initiating criminal charges and trial against former Congress president Sonia Gandhi and Lok Sabha opposition leader Rahul Gandhi. The case involves alleged proceeds of crime amounting to Rs 5,000 crore.According to the agency sources, the chargesheet names five individuals and two companies as accused. Among them […]

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Former South Korean President Moon calls his bribery indictment ‘unjust’

[ad_1] South Korean former President Moon Jae-in (Image: AP) SEOUL: Former South Korean President Moon Jae-in on Friday called his indictment on bribery charges "unjust", accusing prosecutors of abusing their power in what he called a politically motivated investigation. Moon's comments came a day after prosecutors in the southern city of Jeonju announced his indictment over allegations that a budget airline gave his son-in-law a lucrative no-show job during his presidency. Meeting with National Assembly speaker Woo Won-shik, Moon said he feels that prosecutors are "pushing forward in a predetermined direction, no matter what" and that his case was an example of "how politicised the prosecution has become and how prosecutorial power is being abused". The former liberal leader was visiting the National Assembly for an event marking the seventh anniversary of his 2018 summit with North Korean leader Kim […]

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