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

Four people, including two children, died in a fire that broke out in a house in the Nayanpur area of Dewas in Madhya Pradesh, an official said.

Fire, Fire accident

In a series of posts on X, Mayawati said that Shah's remarks have hurt the hearts of the people

Mayawati

Rookie Australia opener Nathan McSweeney admitted feeling "devastated" after being dropped for the last two Tests of the Border-Gavaskar Trophy against India but vowed to work hard to reclaim his spot in the national team.
McSweeney was on Friday dropped by the national selectors, who handed a maiden call-up to teenage sensation Sam Kontas.
"Yeah, I mean devastated, I get the dream come true and then didn't quite work the way I wanted," McSweeney told Channel 7.
"But it's all part of it, and I'll get my head down and get back in the nets and work really hard and hopefully be ready to go for the next opportunity."
The 25-year-old, who made his Test debut in the series-opener in Perth, struggled at the top with scores of 10, 0, 39, 10 not out, 9, and 4 in his six innings. He was dismissed by Indian pacer Jasprit Bumrah four times during the series.
"It's the game we're in. If you don't take an opportunity and you're not performing as well as you want to, your position's never safe,"

Nathan McSweeney

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

Samajwadi Party president Akhilesh Yadav took a jibe at the BJP-led governments at the Centre and in Uttar Pradesh on Tuesday, calling them a "double blunder" instead of a "double engine" government.
The former Uttar Pradesh chief minister shared a post on his official social media account on 'X' with a news item on the Vande Bharat train incident: "Rasta bhatak gayi Vande Bharat' - jana tha Goa, nikal gayi Kalyan" (Vande Bharat lost its way - ?was supposed to go to Goa but ended up in Kalyan).
Along with the image of the train's news, Yadav wrote, "The BJP is not a 'double engine' government, but a 'double blunder' government."
In the same post, he remarked, "BJP has even derailed the country's engine onto the wrong track."
The CSMT-Madgaon Vande Bharat express train deviated from its regular route on Monday morning due to a technical snag at Diva station in Thane district of Maharashtra, delaying its onward journey to Goa by 90 minutes, officials said.
Instead of proceeding towa

Akhilesh Yadav, Akhilesh

Asian markets were mixed on Tuesday after stocks in Wall Street shook off a choppy start to finish higher the previous day as it kicked off a holiday-shortened week.
US futures were little changed and oil prices rose.
Honda shares surged more than 16 per cent as the Japanese auto giant announced an up to 1.1 trillion yen (USD 7 billion) share buyback and meanwhile, held a merger talk with Nissan.
The two companies said they had signed a memorandum of understanding on Monday and that smaller Nissan alliance member Mitsubishi Motors Corp. also had agreed to join the talks on integrating their businesses. Nissan's share shed 0.1 per cent on Tuesday.
Japan's benchmark Nikkei 225 slipped 0.3 per cent in morning trading to 39,055.35.
South Korea's consumer sentiment sharply dropped in December amid rising concerns over political uncertainty following the parliament's impeachment of President Yoon Suk Yeol. The decline hit the lowest level since November 2022, when a Halloween crowd crus

global stocks

Upheaval jolted Bihar just weeks into 2024, as Nitish Kumar, the state's longest-serving chief minister, made yet another dramatic volte-face to realign with his old ally, the BJP.
The septuagenarian, renowned for his uncanny ability to shift political allegiances at will while maintaining his grip on power, abandoned the INDIA bloc he had diligently helped form, relinquishing his hopes of securing a "national role" in politics. This unexpected move sent shockwaves through the political landscape, signalling yet another twist in Kumar's ever-changing political journey.
Perhaps sensing in advance that Prime Minister Narendra Modi could be diminished but not vanquished, Kumar agreed to be an ally on whose support BJP now depends for survival in power at the Centre.
In the bargain, the 73-year-old leader has earned the backing of the BJP and all its junior allies in the state where assembly polls are due in 2025.
Kumar enjoys the clout even though skeptics such as political ...

Nitish Kumar, Nitish

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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BJP running 'double blunder' govt, not 'double engine' one: Akhilesh

Asian shares mixed as holiday-shortened week begins on shaky note

Nitish's manoeuvering alters Bihar's political scene ahead of 2025 polls

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Tariff impact: Reliance Jio loses 3.76 million users in October 2024

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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