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Air India in ‘good position’, to retrofit over 100 planes: CEO Campbell Wilson

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Air India in ‘good position’, to retrofit over 100 planes: CEO Campbell Wilson

File picture of Campbell Wilson, MD and CEO of Air India | Photo Credit: R. Ravindran Air India will be retrofitting more than 100 planes, including 40 wide body planes, and has ordered around 25,000 aircraft seats as part of revamping the fleet, its chief Campbell Wilson said on Wednesday. Emphasising that “plenty of things”…

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Rupee gains 7 paise to 83.44 against U.S. dollar in early trade

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Rupee gains 7 paise to 83.44 against U.S. dollar in early trade

Image used for representational purpose. | Photo Credit: Reuters The rupee recovered from the lower level and appreciated 7 paise to 83.44 against the U.S. dollar in early trade on June 5, taking cues from domestic equity markets and lower crude oil prices overseas. Forex traders said the rush for value-buying triggered an uptrend in…

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Markets bounce back in early trade after massive drop on value-buying at lower levels

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Markets bounce back in early trade after massive drop on value-buying at lower levels

man checks stock market news on the big screen as Sensex opened in the red when counting began on June 4. | Photo Credit: ANI Benchmark equity indices Sensex and Nifty began the trade on an optimistic note on June 5 after facing heavy drubbing in the previous trade as value-buying at lower levels led…

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The bacteria that write new genes to cope with infections

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The bacteria that write new genes to cope with infections

A researcher holds up a plate showing a growth of Klebsiella pneumoniae bacteria from a positive blood culture, December 14, 2019. | Photo Credit: Chiara Marraccini Amid the unprecedented challenges presented by the COVID-19 pandemic, a once obscure enzyme found itself in the spotlight: reverse transcriptase. As laboratories worldwide rushed to develop reliable diagnostic tests,…

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Science

India’s May palm oil imports reach 4-month high on price drop-dealers

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India’s May palm oil imports reach 4-month high on price drop-dealers

Workers prepare oil palm seedlings at a nursery in Khammam district, Telangana. File | Photo Credit: Reuters India’s palm oil imports rose by 12.4% in May from the previous month to reach the highest level in four months as the recent correction in prices led to higher purchases, five dealers told Reuters. Higher palm oil…

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Toyota to recall over 100,000 U.S. vehicles over potential engine stall

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Toyota to recall over 100,000 U.S. vehicles over potential engine stall

Image for representation | Photo Credit: Reuters Toyota will recall over 100,000 SUVs and pickup trucks in the U.S. over debris in the engine potentially causing it to stall, the National Highway Traffic Safety Administration (NHTSA) said on Tuesday. The recall includes some Toyota Tundra pickup trucks and Lexus LX600 SUVs equipped with the Japanese…

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Business

NCLT rejects JAL’s claim of liquidity crunch due to delay in government approvals, litigations

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NCLT rejects JAL’s claim of liquidity crunch due to delay in government approvals, litigations

The NCLT, which on June 3 ordered initiation of insolvency proceedings against Jaiprakash Associates Ltd (JAL), rejected the company’s contention that it faced a liquidity crunch and defaulted on debt repayments mainly due to delays in government approvals and prolonged litigation concerning land acquisition for Yamuna Expressway and change in government policies. It has been…

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Business

Netherlands emerges as India’s 3rd largest export destination in 2023-24

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Netherlands emerges as India’s 3rd largest export destination in 2023-24

Image for representation. | Photo Credit: The Hindu The Netherlands has emerged as India’s third largest export destination after the U.S. and UAE during 2023-24, even as the country’s merchandise shipments dipped by over 3%, according to the Commerce Ministry data. The main commodities which registered healthy exports growth in the Netherlands include petroleum products…

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Volvo to issue world’s first EV battery passport ahead of EU rules

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Volvo to issue world’s first EV battery passport ahead of EU rules

Image for representation. | Photo Credit: Reuters Volvo Cars is launching the world’s first EV battery passport recording the origins of raw materials, components, recycled content and carbon footprint for its flagship EX90 SUV, which is about to start production, the Swedish automaker told Reuters. The passport was developed by Volvo, which is owned by…

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