Buisiness

NEW DELHI: American aerospace major Boeing will increase its sourcing from India, which is currently at Rs 10,000 crore annually from about 320 suppliers here, as it emerges from its worst ever crisis. While Indian airline customers will get two aircraft per month this year and next, its plans for India go beyond planes. Boeing’s…

The distribution of Ratan Tata’s assets will commence after the will undergoes probate. Noel Tata, who chairs Tata Trusts, has joined the Ratan Tata Endowment Trust (RTET) board alongside Shireen and Deanna Jejeebhoy, who are half-sisters of late Ratan Tata. The existing trustees, Pramit Jhaveri and Darius Khambata, made these appointments, according to sources.The Trust…

Satellite capacity offered by Starlink is anticipated to be substantially higher, approximately 80-90 times more than competitors Elon Musk-led Starlink’s satellite connectivity capabilities in India could potentially deliver a few terabytes per second of data throughput, with significant infrastructure already established. The service could commence immediately after receiving necessary regulatory approvals, according to sources familiar…

US carmaker Ford stopped vehicle production in India in 2021. Ford has reportedly finalised plans to utilise its dormant Chennai facility for manufacturing and exporting engines and associated components, according to sources familiar with the matter who spoke to ET.The company will reveal the specifics of this initiative in the second quarter of this year….

US President Trump with PM Modi NEW DELHI: Amid US President Donald Trump’s tariff threats, India is engaging with the US to find ways of increasing trade and discussing the concerns of both the partners. “We are working on increasing the trade between the two countries from current $200 billion to over $500 billion. All…

Market is likely to move in a range in the near-term without a sharp break out or break down, says Dr. V K Vijayakumar of Geojit Financial Services. (AI image) Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, opened in green on Tuesday. While BSE Sensex opened over 400 points up, Nifty50…

NEW DELHI: SpiceJet founder-promoter Ajay Singh will raise his stake in the airline from 29.1% to 33.5% by infusing Rs 294 crore through Spice Healthcare (a promoter group company). This funding will happen through the conversion of 13.1 crore warrants into an equivalent number of equity shares. The airline said Singh is disposing up to…

Top stocks to buy (AI image) Stock market recommendations: According to Somil Mehta, Head – Alternate Research, Capital Market Strategy, Mirae Asset Sharekhan, Trent and Bharat Forge are the top stocks to buy today:Trent – Buy in the range between Rs 5140 & Rs 5165; Stop Loss: Rs 5000; Target: Rs 5350Trent is trading above…

NEW DELHI: Starlink is likely to face a spectrum tax in India, which had been abolished for terrestrial network providers, such as Reliance Jio, Airtel and Vodafone Idea a few years back, sources said. The tax, if imposed, will increase service costs for Elon Musk-run satcom venture in India.The move will be another challenge for…

India’s net direct tax collections have surged by 13.13% to over Rs 21.26 lakh crore so far this fiscal year, according to government data released on Monday. This growth is largely attributed to higher advance tax collections, with the government collecting Rs 10.44 lakh crore from four instalments of advance tax, compared to Rs 9.11…