Business

NEW DELHI: The directorate general of civil aviation (DGCA) has issued a show cause notice to IndiGo over alleged lapses in simulator training for nearly 1,700 pilots, PTI reported quoting sources on Tuesday.The notice was sent after the regulator scrutinised records and reviewed IndiGo’s responses submitted last month.Confirming that the airline is currently reviewing the…

The Union government on Tuesday approved a major investment worth over Rs 8,000 crore in Arunachal Pradesh, giving a major boost to the state’s power and infrastructure sector. The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, sanctioned the construction of the 700 MW Tato-II Hydro-Electric Project in the Shi Yomi district.According…

Rural areas saw headline inflation ease to 1.18% from 1.72% in June, with food inflation dropping from -0.87% to -1.74%. (AI image) The Consumer Price Index (CPI) inflation for the month of July 2025 touched an 8-year low of 1.55%. The headline retail inflation cooled sharply touching 1.55% year-on-year — the lowest since June 2017…

India is widening its export focus to 50 countries, including key markets in West Asia and Africa, in a bid to lessen dependence on any single buyer and cushion the blow from steep US import tariffs.According to ET, these markets together account for about 90% of India’s total exports.Officials from the commerce and industry ministry…

US chipmaker Qualcomm is moving production of its automotive modules to India as part of a broader plan to strengthen local manufacturing and support its key ecosystem partners, a senior executive said..Nakul Duggal, group general manager for automotive, industrial and embedded IoT at Qualcomm Technologies, was quoted as saying by news agency PTI that the…

The approval of these projects will substantially strengthen the country’s semiconductor ecosystem. (AI image) Prime Minister Narendra Modi-led Union Cabinet on Tuesday gave approval to four new semiconductor projects within the India Semiconductor Mission (ISM) framework. The semiconductor ecosystem in India is gaining attention, with six previously approved projects currently at different implementation stages. The…

Gold rate today: In domestic trading, 99.5 per cent pure gold decreased by Rs 1,000 to Rs 1,01,100 per 10 grams (including all taxes) on Tuesday. (AI image) Gold rate today: Gold prices declined by Rs 1,000, reaching Rs 1,01,520 per 10 grams in Delhi on Tuesday, following a downturn in international markets, according to…

Finance Minister Nirmala Sitharaman presented the updated version of the I-T bill to Parliament. The New Income Tax Bill has been passed by the Lok Sabha, marking a significant reform to modernise the longstanding income tax legislation for both individuals and corporations. The New Income Tax Bill 2025 aims to simplify tax procedures and reduce…

The Ford Louisville Assembly Plant in Louisville, Kentucky. (Picture credit: AP) Ford Motor Company is set to spend nearly $2 billion converting its Louisville Assembly Plant in Kentucky into an electric vehicle (EV) production hub, marking a major shift after seven decades of making petrol-powered models there.Speaking to workers on Monday, CEO Jim Farley called…

Lenders are exploring ways to ease the financial pressure on small and medium enterprises (SMEs) hit hardest by the United States’ 50% duty on imports from India. According to ET, lenders are considering scrapping certain administrative charges such as processing fees, foreign exchange hedging costs and collection charges after being nudged by the government.A government…