GE Aerospace pacts with HAL to produce fighter jet engines in India
On Thursday, GE Aerospace and Hindustan Aeronautics Limited (HAL) signed a historic agreement to jointly build fighter jet engines for the Light Combat Aircraft (LCA)-Mk-II — Tejas — of the Indian Air Force. The statement was made during Prime Minister Narendra Modi’s first-ever state visit to the US at the invitation of President Joe Biden. […]
Railway stocks surged up to 13%, here’s why?
Rail Vikas Nigam (RVNL) shares have produced outstanding returns in a four-day run-up. However, as the market plummeted dramatically after making significant initial gains and turned negative on Wednesday, some investors booked some profits on their RVNL shares. Amid the significant trading activity in the opening session, RVNL reached fresh 52-week highs. However, after a […]
India’s first green hydrogen blending project launched by NTPC
State-owned National Thermal Power Corporation (NTPC) said that they have started India’s First ever green hydrogen blending project in the Piped Natural Gas (PNG) network of its township in Kawas, Surat. According to a company statement, “This project is a joint venture between NTPC and Gujarat Gas Limited (GGL). P Ram Prasad, Head of Project, Kawas, […]
Indian Government increases windfall taxes on petroleum, diesel, and aviation fuel
In the last two weeks, the government has increased the windfall tax on locally produced crude oil sales from 1,700 to 2,100 per tonne. With immediate effect from Tuesday, the raise in special additional excise duty on diesel exports is to 6.5 cents a litre from 5 cents. This also includes the tax of 1.5 […]
Digi Yatra App- All you need to know about this new venture!
The very famous Digi-Yatra program is the biometric boarding system that uses Facial Recognition System (FRS) at Indian airports, to create a seamless, paperless, and contactless check-in and boarding adventure for travellers. The main advantage of the approach is that it expectes to lower the congestion seen at airports. As Digi-Yatra is in its pilot […]
Paytm shares tank 10% in morning trade on Softbank stake sale
Paytm’s parent company, One97 communications collapsed by about 10% to Rs541 apiece on the BSE in morning trade. Following reports said that Japan’s SoftBank Group Corp has offered to sell a 4.5 percent stake in the company that was traded in a single block on the NSE. This trade pulled down the shares of Paytm […]
Government set to bring back the issuing permit for commercial EVs at zero fee
Our government is all set for bringing back the policy for issuing permits for commercial electric vehicles (EVs) at zero fees. The center has discarded the practice over the last two years to push the penetration of electric cars. Permit for EVs Over the 2 years after the Centre did away with the allow gadget for commercial electric-powered cars (EVs) in its bid […]
