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India’s CPI inflation falls to 2.82 pc in May, lowest since February 2019

Jun 12, 2025

New Delhi, June 12 (IANS) India's inflation rate based on the Consumer Price Index (CPI) declined to 2.82 per cent in May this year compared to the same month of the previous year. This is the lowest level of retail inflation since February 2019, according to a statement issued by the Ministry of Statistics on Thursday.Food Inflation declined to…

Boeing shares plunge over 6 pc in pre-market trade after Ahmedabad plane crash

Jun 12, 2025

New Delhi, June 12 (IANS) Shares of Boeing fell sharply in pre-market trading on Thursday, dropping over 6 per cent after an Air India Boeing 787-8 Dreamliner aircraft crashed in Ahmedabad.As of 3.31 p.m. IST, Boeing shares were down by…

Business

IPO-bound Mangal Electrical’s net profit falls 15 pc in FY24 as expenses rise, shows DRHP

Jun 12, 2025

Mumbai, June 12 (IANS) Jaipur-based Mangal Electrical Industries has received final approval from the Securities and Exchange Board of India (SEBI) to launch its initial public offering (IPO) worth Rs 450 crore.While the IPO marks a major…

Business

Sensex drops 823 points amid growing US-Iran tensions

Jun 12, 2025

Mumbai, June 12 (IANS) The Indian stock markets witnessed a sharp fall on Thursday after a volatile trading session, as weak global cues and rising tensions between the US and Iran weighed on investor sentiment.The Sensex dropped by 823.16…

Business

Electric vehicle production may be hit as China chokes supply of rare earth magnets

Jun 12, 2025

New Delhi, June 12 (IANS) The inventories of rare earth magnets may taper off by mid-July 2025 for certain automotive applications, following China imposing export restrictions and delaying clearance of shipments, according to an ICRA…

Business

DGCA launches probe into Air India AI-171 crash, no cause confirmed yet

Jun 12, 2025

Ahmedabad, June 12 (IANS) The Directorate General of Civil Aviation (DGCA) said that a detailed investigation is underway into the crash of Air India flight AI-171, which went down shortly after take-off from Ahmedabad this afternoon. The…

Business

Our hearts go out to families who suffered an unimaginable loss: Gautam Adani

Jun 12, 2025

Ahmedabad, June 12 (IANS) Gautam Adani, Chairman of the Adani Group, on Thursday said that "our hearts go out to the families who have suffered an unimaginable loss", after Air India's London-bound Flight AI171 with 242 passengers…

Business

Kent RO gets SEBI nod for IPO, DRHP shows mixed financial performance over years

Jun 12, 2025

Mumbai, June 12 (IANS) Kent RO Systems, a water purifier company, has received approval from the Securities and Exchange Board of India (SEBI) to launch its initial public offering (IPO).While this marks an important milestone for the…

Business

Ahmedabad airport suspends flight operations after Air India plane crashes with 242 on board

Jun 12, 2025

Ahmedabad, June 12 (IANS) Sardar Vallabhbhai Patel International Airport (SVPIA) officials here on Thursday said that all flight operations remain temporarily suspended until further notice, after Air India's London-bound Flight AI171 with…

Business

No disruption in operation due to rare earth magnet crisis: Maruti Suzuki India

Jun 12, 2025

New Delhi, June 12 (IANS) Maruti Suzuki India on Thursday denied any disruption to its operations due to the rare earth magnet crisis, saying that they are monitoring the evolving situation.Reports have surfaced that the production plans…

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