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Aviation upgrade: IndiGo to roll out evidence-based pilot training; aims to boost skills, safety and decision-making

IndiGo, the country’s largest airline by market share, plans to introduce evidence-based training (EBT) programmes for its pilots as part of its efforts to enhance their skills, situational awareness, and decision-making capabilities, a senior company official said.The airline, which currently operates over 2,300 daily flights and has a fleet of more than 400 aircraft, is…

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SBI eyes global top-10 spot by 2030: Bank targets elite list after hitting Rs 100-lakh-crore mark; aims to boost capital strength

File photo: State Bank of India Chairman CS Setty (Picture credit: ANI) State Bank of India (SBI) is targeting a place among the world’s top 10 most valued banks by 2030, a day after crossing the Rs 100 lakh crore business mark. Chairman CS Setty said the country’s largest lender by market capitalisation now aims…

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Bira 91 asset sale: B9 Beverages looks to clear employees salary dues; founder aims to raise ‘immediate cash’

B9 Beverages, the debt ridden bear maker, may soon clear pending salaries and provident fund dues as the company moves to sell one of its assets. Bira 91 founder Ankur Jain has informed employees that the planned sale is aimed at raising “immediate cash” to address these obligations, according to ET.The proposed move, however, has…

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Microsoft-IREN deal: Tech giant inks $9.7 billion AI cloud pact for Nvidia chips; aims to bolster data centre capacity amid soaring AI demand

Microsoft has entered into a $9.7 billion cloud services agreement with Australian artificial intelligence infrastructure provider IREN, a deal that will give the tech major access to Nvidia chips as it scales its AI and cloud operations, AP reported.The five-year agreement includes a 20% prepayment and is aimed at supporting Microsoft’s efforts to meet the…

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Oil output move: Opec+ announces fresh 137,000 bpd hike from December; aims to protect market share amid US shale slowdown

The eight key members of the Opec+ alliance, including Saudi Arabia and Russia, have agreed to raise oil production by 137,000 barrels per day (bpd) starting December, marking a modest increase that will hold steady for three months, the group said in a statement after a virtual meeting on Sunday, AFP reported.The move, aligned with…

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SBI expands bullion footprint: Bank joins India International Bullion Exchange as special category client; aims to boost transparency & efficiency

State Bank of India (SBI) on Saturday said it has executed its first gold trade as a special category client (SCC) on the India International Bullion Exchange (IIBX), marking a key step in reshaping India’s bullion import framework.The move, SBI said, signals “a transformative era” for the bullion trade by enhancing efficiency, transparency, and accessibility,…

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Coal revival drive: ECL reopens two closed mines under MDO model; aims to cut losses and lift output

In a major step towards restructuring its operations, Eastern Coalfields Ltd (ECL) has reopened two previously closed mines under the Mine Developer and Operator (MDO) revenue-sharing model. The move, inaugurated virtually by Union Coal Minister G Kishan Reddy on Saturday, marks a strategic shift aimed at reviving loss-making assets and improving operational efficiency, PTI reported…

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Energy security push! India plans 10% mandatory LNG extra reserve; aims cost-effective buffer for price, supply shocks

India is planning to make it mandatory for all liquefied natural gas (LNG) import terminals to build an additional 10% storage capacity that the government can access during supply or price disruptions. According to a draft proposal by the oil ministry, this change will amend the registration rules for LNG terminals under the Petroleum and…

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Senior citizens, women in focus: Sebi plans special perks for select investors; aims to boost retail bond participation

In a move aimed at reviving interest in India’s public debt market, the Securities and Exchange Board of India (Sebi) on Monday proposed allowing debt issuers to offer special incentives to select investor categories, including senior citizens, women, armed forces personnel, and retail subscribers.The proposal seeks to encourage greater retail participation in bond issuances, which…

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