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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 report released on Thursday.While the automobile industry is exploring a range of contingency options, each of…

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…

Business

Big push to oil & gas infra in last 11 years has strengthened India’s energy security: Puri

Jun 12, 2025

New Delhi, June 12 (IANS) Minister of Petroleum and Natural Gas, Hardeep Singh Puri, on Thursday said that over the last 11 years, India’s oil and gas sector has expanded steadily, from building modern refineries and pipelines to securing…

Business

K’taka CM asks Andhra govt to lift Totapuri mango import ban, warns of reciprocal action

Jun 12, 2025

Bengaluru, June 12 (IANS) Karnataka Chief Minister Siddaramaiah on Thursday wrote a letter to Andhra Pradesh Chief Minister N. Chandrababu Naidu requesting him to withdraw the ban on entry of Totapuri mangoes from the state to Chittoor…

Business

Paytm shares dip after govt denies MDR on UPI transactions

Jun 12, 2025

Mumbai, June 12 (IANS) Shares of One 97 Communications, the parent company of Paytm, fell by up to 10 per cent on Thursday, hitting a low of Rs 864.20 on the Bombay Stock Exchange (BSE).However, the stock recovered some of its losses during…

Business

Antitrust regulator rejects Korean Air-Asiana mileage integration proposal

Jun 12, 2025

Seoul, June 12 (IANS) South Korea's antitrust regulator said on Thursday that it has rejected a proposed mileage integration plan submitted by Korean Air Lines and Asiana Airlines, citing insufficient details and consumer benefit…