Air India Dreamliner Grounded Over Fuel Switch Defect
An Air India Boeing 787 Dreamliner was grounded after a pilot reported a possible defect in the aircraft's fuel control switch, prompting immediate safety checks and investigation.
Category : Business
Silver Slides for 3rd Day, Gold Drops in India
Silver prices in India have fallen for the third straight day, reaching Rs 2.6 lakh per kg, while gold has dropped to Rs 1.52 lakh per 10 grams, reflecting ongoing market volatility.
Oracle Stock Dips 3% After $50B Fundraising News
Oracle shares dropped approximately 3% after announcing plans to raise up to $50 billion through debt and equity sales to expand cloud infrastructure for major AI clients like Nvidia and OpenAI.
LIC FPO Planned for Next Fiscal Year
The Indian government is considering a follow-on public offering for LIC in the next financial year to meet minimum public shareholding norms, with DIPAM evaluating the roadmap.
Hyundai India Profit Rises on Rural Sales, Exports & SUVs
Hyundai Motor India Ltd posts 6% profit growth to ₹1,234 crore in Q3, driven by strong rural sales, rising exports and higher SUV demand. The company expects continued momentum with 80,000+ bookings for upgraded Venue SUV.
AP GST Collections Reach Rs 672 Crore in Jan 2026
Andhra Pradesh records GST collections of Rs 672 crore in January 2026, reflecting economic activity and tax compliance in the state.
Finance Bill 2025 Eases PF, ESI Deduction Rules for Employers
The Finance Bill 2025 proposes aligning the due date for claiming deductions on employee PF and ESI contributions with the employer's income-tax return filing deadline, offering relief from rigid compliance timelines.
Premji Invest Buys 23% Stake in Bharat Forge Unit for ₹300 Cr
Premji Invest, the family office of Wipro founder Azim Premji, will acquire a 23% stake in JS Auto Cast Foundry India, a Bharat Forge subsidiary, for ₹300 crore. The investment aims to boost casting capacity and explore acquisitions in the ferrous casting
Air India Grounds Boeing 787 After Fuel Switch Issue
Air India grounded a Boeing 787 Dreamliner after pilots reported a fuel control switch malfunction on a London-Bengaluru flight, raising safety concerns following the 2025 Ahmedabad crash.
16th Finance Commission Maintains 41% Devolution Rate
The 16th Finance Commission's report maintains vertical devolution at 41%, introduces GDP contribution criteria, and ends revenue deficit grants amid state concerns over cess and surcharge.
PB Fintech Plans QIP for Inorganic Growth Funding
PB Fintech, parent of Policybazaar, will consider raising capital through QIP on February 5 to fund strategic acquisitions and investments in domestic and international markets.
Nexus Select Trust Raises ₹700 Cr via IFC Bonds
Blackstone-backed Nexus Select Trust, India's first listed retail REIT, has raised ₹700 crore through a bond issue anchored by IFC. The funds will refinance debt and support sustainability goals.
Air India Grounds Boeing Dreamliner Over Fuel Switch Issue
Air India has grounded a Boeing 787 Dreamliner after a pilot reported a fuel control switch issue. This component is central to the investigation into last year's deadly Ahmedabad crash.
Direct Tax Reforms Empower Taxpayers, Reduce Disputes
Revenue Secretary Sanjay Malhotra highlights recent direct tax reforms aimed at simplifying compliance, enabling better liability management, and reducing disputes for taxpayers in India.
Banking Sector Strong, Resilient; Credit Growth in Focus
The Indian banking sector demonstrates robust health and resilience, with credit expansion and capital adequacy as key priorities, according to DFS Secretary Vivek Joshi.
White-Collar Hiring Up 3% in Jan, Non-IT Sectors Lead
India's white-collar job market saw a 3% year-on-year increase in hiring activity in January, driven by strong demand in non-IT sectors and a notable rise in fresher recruitment, according to a recent report.
Air India Grounds Boeing 787-8 Over Fuel Switch Concern
Air India grounded a Boeing 787-8 aircraft after a pilot reported a possible defect in the fuel control switch. The airline has informed DGCA and involved Boeing for priority checks.
Air India Grounds Dreamliner Over Fuel Switch Concern
Air India has grounded a Dreamliner flight from London to Bengaluru due to a suspected fuel switch issue, raising safety concerns and causing passenger disruptions.
Budget 2026: Motilal Oswal's Top 10 Stock Recommendations
Finance Minister Nirmala Sitharaman presented the Union Budget 2026 on February 1. Motilal Oswal Financial Services shares its top 10 stock picks across sectors like healthcare, infrastructure, and manufacturing.
Dhampur Sugar Mills Q3 Profit Jumps 75% YoY
Dhampur Sugar Mills reported a 75% year-on-year increase in consolidated net profit to ₹26.49 crore for Q3 FY26, with revenue up 14% to ₹667.44 crore. However, shares remain under pressure, down 64.5% from peak.
Air India Boeing Grounded Over Fuel Switch Defect
An Air India Boeing 787-8 aircraft was grounded in London due to a fuel control switch defect discovered during pre-flight checks. This incident occurs amid ongoing investigations into last year's crash involving a similar aircraft model.
Tax Reforms: Finance Bill Eases Block Assessment Rules
The finance bill introduces calibrated block periods for third parties in search cases and standardizes limitation timelines, aiming to reduce compliance burdens and enhance procedural predictability in tax assessments.
Salem Corp Begins Rs 31 Crore Road, Sewer Repair in 60 Wards
Salem Municipal Corporation initiates comprehensive repair of damaged roads and aging sewer systems across all 60 city wards, with total funding of Rs 31 crore allocated for infrastructure improvements.
Nifty 50 Rebounds 1.06% to 25,088, Auto Stocks Lead Recovery
The Nifty 50 surged 263 points on Monday, recovering half of Sunday's 2% crash, as auto stocks rallied on strong wholesale data and easing US-Iran tensions boosted sentiment. Analysts see resistance at 200-DMA.
Real Estate Leaders Praise Infrastructure-Led Budget 2026-27
Realty sector leaders term Union Budget 2026-27 as infrastructure-led and growth-oriented, highlighting capital expenditure, asset monetisation, and risk-sharing mechanisms as key drivers for project execution and demand.
Budget 2026-27: India Moves from Export Subsidies to Insurance Focus
India's 2026-27 budget marks a strategic pivot in export policy, phasing out interest subsidies in favor of export insurance, trade defense, and manufacturing infrastructure to build long-term resilience.
Oracle's $50B Cloud Fundraise Amid Layoffs and AI Push
Oracle plans to raise $45-50 billion in 2026 for cloud infrastructure expansion to meet AI-driven demand from clients like OpenAI and NVIDIA, while reportedly considering significant layoffs.
TVS Patents RTR HyprStunt Motorcycle Design in India
TVS Motor Company has secured a design patent in India for its RTR HyprStunt motorcycle, a stunt-focused concept first showcased at EICMA 2025. The patent reveals a raw, minimal design with features like a wheelie bar and hand-operated rear brake.
Warsh's Fed Nomination Faces Senate Scrutiny Amid Policy Shifts
President Trump's nominee for Federal Reserve chair, Kevin Warsh, must secure Senate confirmation while balancing dovish-hawkish perceptions. His evolving stance on monetary policy and institutional credibility faces scrutiny in a complex economic landsca
Noida Airport Ready for PM Modi Inauguration This Month
Uttar Pradesh CM Yogi Adityanath announces Noida International Airport is ready for inauguration by PM Modi this month. The CM also highlights UP's benefits from Union Budget initiatives including high-speed rail corridors and semiconductor push.
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