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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

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

52 kg of gold and Rs 9.86 crore in cash were found in an abandoned SUV near a Bhopal forest, raising suspicions of links to ongoing raids on real estate businesses

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More than 145 projects costing Rs 100 crore under implementation by govt oil and gas firms

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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

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Shares of HG Infra Engineering gained up to 5.60 per cent at Rs 1,542.05 a piece on the BSE in Monday's intraday trade

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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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