Airtel adds 1.9 million users after 3 months, BSNL grows base

Jio IPO size is being derived on the basis of its valuation benchmarked against Airtel

Air Works, which has a workforce of more than 1,300 personnel, handles MRO work for commercial as well as defence aircraft

Jeet Adani, director of Adani Airport Holdings Limited (AAHL)

Adani Group on Monday said it will acquire aviation maintenance, repair and overhaul (MRO) services firm Air Works for an enterprise value of Rs 400 crore.
"Adani Defence Systems & Technologies Ltd (ADSTL) has signed a share purchase agreement to acquire 85.8 per cent shareholding in Air Works, India's largest private sector MRO company with the largest pan-India footprint," the conglomerate said in a statement.
With operations spanning 35 cities and a workforce of over 1,300 personnel, Air Works brings extensive expertise in servicing both fixed-wing and rotary-wing aircraft.

Adani

Former Supreme Court judge Madan B Lokur has been appointed as chairperson of the United Nations Internal Justice Council for a term ending on November 12, 2028.
In a communication to Justice Lokur, UN Secretary-General Antonio Guterres said the retired top court judge would head the council which also comprises other distinguished jurists.
"I have the pleasure to appoint you, with immediate effect, as a member of the Internal Justice Council, in the capacity of chairperson, for a term ending on 12 November 2028," the communication dated December 19 said.
"The other members of the Council (in alphabetical order) are: Ms. Carmen Artigas (Uruguay), distinguished external jurist nominated by staff; Ms. Rosalie Balkin (Australia), distinguished external jurist nominated by management; Mr. Stefan Brezina (Austria), staff representative; and Mr. Jay Pozenel (United States of America), management representative," it added.
Born in 1953, Justice Lokur was appointed a judge of the Supreme .

United Nations

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Ludo game

Three scenarios culminated in mutual annihilation, with both the US and China engaging in a nuclear exchange that decimated cities and resulted in millions of casualties

US China flag, US-China flag

"This is a national tragedy, violating the spirit of the Good & Simple Tax the GST was meant to be," says former chief economic adviser Arvind Subramanian

popcorn

GST Council on Saturday agreed to issue a clarification on taxation of popcorn, saying that pre-packed and labelled ready-to-eat snacks will attract a 12 per cent tax while an 18 per cent GST will be levied if it is caramelised.
There is no change in the tax rate of popcorn and the GST Council has only agreed that the Central Board of Indirect Taxes and Customs (CBIC) will issue a circular clarifying the current taxation regime of popcorn.
"Ready-to-eat popcorn", which is mixed with salt and spices, and has the essential character of namkeens currently attracts a 5 per cent GST if it is not pre-packaged and labelled.
If it is supplied as pre-packaged and labelled, a 12 per cent GST is levied.
However, when popcorn is mixed with sugar (caramel popcorn), its essential character changes to that of a sugar confectionary, and would therefore be classifiable under HS 1704 90 90 and attract an 18 per cent GST, as per the clarification.

Just before the clock strikes midnight, a world of cinema opens at TIFF

The uptick in Bharat Forge share price came after the company announced that it will infuse funds of $64.50 million in its America unit, Bharat Forge America

Market, BSE, NSE, NIfty, Stock Market, investment

The agreement was inked on December 20 and the ADB loan, with a sovereign guarantee, will be extended to the India Infrastructure Finance Company Limited

ADB, GoI sign $300-mn loan to improve primary healthcare in urban areas

Asian Development Bank, ADB

Allu Arjun's Pushpa 2 is the biggest earner of 2024 and it will likely become the highest grosser in India. The movie has already minted over Rs 1200 crore and is only behind Baahubali 2

Pushpa 2

The rating agency's arm said that India's recent consumer price inflation at around 5 per cent was without clear evidence of a trend towards slowing price pressures

Most GCCs in India support critical business goals by using AI, data analytics, robotic process automation, and cloud services

India ranked third globally in terms of funding raised by fintech companies, behind the US and China, the report said

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Adani Defence acquires 86% shareholding in MRO firm Air Works at Rs 400 cr

Adani to acquire 85.8% stake in Air Works for Rs 400 cr enterprise value

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