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[ad_1] The facility will manufacture Airbus' popular H125 civil helicopter for Indian and regional markets. (Image of H125 courtesy Airbus) Airbus, the European aviation giant, and Tata Advanced Systems (TASL), the aerospace division of the Tata group, are looking to establish a Final Assembly Line (FAL) for H125 helicopters in Kolar, Karnataka.The facility will manufacture Airbus' popular H125 civil helicopter for Indian and regional markets, becoming the fourth such installation globally after those in France, US and Brazil. Initially producing 10 helicopters annually, the facility will expand operations based on Airbus' forecast of 500 light H125-class helicopters being required in the region over the next two decades.This is India's first private-sector helicopter assembly facility, strengthening the government's Make in India initiative, which aims to achieve self-sufficiency in aerospace manufacturing.Sources told ET that the facility will be located in the Vemgal […]

[ad_1] Gold may fall further on easing trade tensions following President Trump delaying the European tariff to July 9. (AI image) Gold price prediction today: Gold rates have been fluctuating in the last few weeks and no clear upside or downside is obvious. Global events, such as Donald Trump’s tariff moves and geopolitical conflicts are shaping the movement of gold prices on a daily basis. In such uncertain scenarios, what should investors do? What’s the outlook on gold prices in the near term? Praveen Singh, Senior Fundamental Research Analyst- Currencies and Commodities at Mirae Asset Sharekhan shares his views:Gold Performance:Spot gold rallied sharply in the week ending May 23 on soaring safe haven demand due to the rating agency Moody's downgrading the US credit rating on May 17 and heightened economic uncertainty due to the US President imposing a 50% […]

[ad_1] Top stocks to buy today (AI image) Stock market recommendations: According to Somil Mehta, Head - Alternate Research, Capital Market Strategy, Mirae Asset Sharekhan, CAMS (Computer Age Management Services) and Inox Wind are the top stocks to buy today:CAMS – Buy in the range between Rs 3980 & Rs 3990; Stop Loss: Rs 3838; Target: Rs 4199CAMS (Computer Age Management Services) has broken out of a small consolidation and expected to resume the uptrend. Momentum indicators has also given a positive crossover above the zero line. The stock has been consolidating in a broad range since last week and has closed above 200 daily moving average i.e. 3911, resuming the up trend today. The stock is expected to continue the up trend till the 50% retracement of the previous fall i.e. 4199. Key resistance is 4127 & 4199 and […]

[ad_1] NEW DELHI: Niti Aayog, government's policy think tank, recommended the introduction of a dedicated financing scheme to allow medium enterprises to avail loans at concessional rates. It also backed a credit card for such units with a Rs 5 crore limit for emergency needs.The report, released on Monday, stated that the scheme should be under the ministry of MSME and provide loans of up to a certain percentage of gross revenue, depending on the sector of the unit, such as manufacturing or services, capped at Rs 25 crore, with a maximum of Rs 5 crore per request.The medium enterprise credit card will allow enterprises to manage urgent expenses, such as payroll, inventory procurement, and equipment repairs, in case the loan disbursement is longer than usual. "Ensure that credit card interest rates align with market rates while allowing a grace […]

[ad_1] NEW DELHI: Supreme Court on Monday stayed the liquidation process for Bhushan Power & Steel (BPSL) before NCLT and ordered to maintain status quo after JSW Steel, whose resolution plan was rejected by SC, told the court that it was filing a review petition against the order.As JSW's limitation period for filing a review against the SC judgment is not yet over, a bench of Justices B V Nagarathna and Satish Sharma said the status quo was needed to avoid future complications as the liquidation of the company might jeopardise the review petition, which is yet to be filed by JSW.For JSW, senior advocate Neeraj Kishan Kaul said the NCLT was rushing in the case even before the company's review plea is decided, and if liquidation is allowed, then it would be irreversible. He said JSW has time till […]

[ad_1] BENGALURU: Investment platform Groww has confidentially filed for an IPO with markets regulator Sebi, a newspaper advertisement showed on Monday. The offering is expected to raise between $700 million and $1 billion through a mix of fresh issue and an offer for sale, people familiar with the matter said. The proceeds will be used to invest in tech and expand the company's financial services footprint.As of March, it accounted for over 26% of the active client base on NSE, with 1.3 crore investors, up from 9.5 million a year earlier. Sources added that Groww is in advanced talks to raise $100-150 million each from Singapore investment firm GIC and Iconiq at a $7 billion post-money valuation. [ad_2] Source link

[ad_1] MUMBAI: Swiss consumer goods giant Nestle has picked up a minority stake in the Indian pet food startup Drools. The Bengaluru-based company did not disclose the specifics of the deal but said it was valued at $1 billion post-investment, joining the ranks of unicorn startups. "This is a financial investment by the company, and Drools will remain strategically as well as operationally independent," Nestle said in a statement on Monday, without elaborating further.Nestle's investment in Drools comes at a time when the broader pet food and pet care space in India is seeing a surge in growth, led by an expanding crop of millennial and Gen Z pet parents who do not mind paying more to provide quality nutrition and care for their pets. Nestle has a large pet care business (including pet food) operating under the master brand […]

[ad_1] Gold rate today: Gold prices surged by Rs 550 to Rs 99,300 per 10 grams in the national capital on Monday, driven by persistent buying from jewellers and retailers, according to the All India Sarafa Association. The precious metal, with 99.9 per cent purity, had closed at Rs 98,750 per 10 grams on Friday. Since Wednesday of the previous week, gold prices have risen by Rs 2,760 per 10 grams.Gold with 99.5 per cent purity also saw a rise of Rs 500, settling at Rs 98,800 per 10 grams (inclusive of all taxes) on Monday, PTI reported.Additionally, silver prices surged by Rs 1,170 to Rs 1,00,370 per kg (inclusive of all taxes), compared to Rs 99,200 per kg in the previous market session.In global markets, spot gold prices dipped by USD 24.83 per ounce, or 0.74 per cent, to […]

[ad_1] InterGlobe Aviation promoter Rakesh Gangwal and his family trust are expected to offload up to 3.4 per cent of their stake in IndiGo, valued at approximately Rs 6,831 crore, on Tuesday, according to sources. Gangwal, the co-founder of the airline, has been gradually reducing his holdings following a public fallout with co-founder Rahul Bhatia.In addition to Gangwal, the Chinkerpoo Family Trust, which is managed by Shobha Gangwal and the JP Morgan Trust Company of Delaware, will also sell its 3.4 per cent stake in IndiGo, India's largest airline, sources revealed, according to PTI report.The transaction is being managed by investment banking firms Goldman Sachs (India) Securities Pvt Ltd, Morgan Stanley India Company, and JP Morgan India, which are acting as placement agents for the sale.Currently, Gangwal and the family trust collectively own about 13.5 per cent of IndiGo. Under […]

[ad_1] Tata Motors’ electric vehicle (EV) business achieved a positive operating margin before depreciation and amortisation (Ebitda) in the fiscal year 2024-25, placing it among a small group of EV manufacturers globally to reach this milestone, the company said in its latest annual report.The turnaround in margins came even as EV sales dipped and its market share declined due to intensifying competition from rivals like MG Motor and Mahindra & Mahindra.India’s leading EV player by volume, Tata Motors reported that revenue from its EV division fell to Rs 8,187 crore in FY25, down from Rs 9,285 crore in FY24. Its retail market share also dropped significantly—from 73.1% to 55.4% over the same period. However, the Ebitda margin showed a marked improvement, climbing to 1.2% from a negative 7.1%—an increase of 8.3 percentage points, according to an ET report.“In the EV […]