Author: Ishika.Dhabuwala

Spicejet is the second largest domestic airline after IndiGo, with a fleet size of 71. It operates 53 domestic and 9 international flights. On Tuesday, the Directorate General of Civil Aviation stated that SpiceJet has been removed from its enhanced surveillance regime. Earlier, the airline was placed under scrutiny and checks after finding out 8 flight accidents last year.  HOW WAS SURVEILLANCE CARRIED OUT Around 50% of aeroplane departures were cancelled in order to carry out spot checks and inspections. The statement by DGCA, made on Tuesday, gave an outlook on how and when the surveillance was conducted. The surveillance…

ITC Ltd, which recently achieved a 6,00,000 crores + market capital milestone on 20th July 2024, Thursday, the board of this private conglomerate has passed in-principle approval of demerging its hotel business.  INTRODUCTION In a regulatory filing, ITC stated that, under a scheme of management, the board has accorded its in-principle approval of demerging its hotel business, further mentioning that the company will be holding a stake of 40%, the new entity which will be called ITC Hotels and the rest of 60% will be held directly by the company’s stakeholders, proportionate to their shareholding in the company. The board…

Gautam Adani, the famous billionaire industrialist and chairperson of the Adani group, has implanted the copper-producing factory at Mundra, in Gujarat, which is expected to start its operations tentatively from March 2024. INTRODUCTION Kutch Copper Limited (KCL), the subsidiary unit of the parent company, Adani Enterprises Ltd. (AEL), is all set for a greenfield copper refinery project for the production of refined copper. It is building an integrated copper smelting and refinery complex, with annual capacity of 0.5 million tones of copper per annum The project will be a great alleviation to cut India’s dependence on imports as well as…

As said by the Directorate General of foreign trade notification, the government of India has prohibited the exporting of non-basmati rice. It is expected to reduce India’s exports by 4-5 billion tonnes this fiscal year, or nearly more than a fifth of the export volume in the last fiscal year. INTRODUCTION India being the world’s leading country in exporting rice has come to this decision to ban the trade of non-basmati white rice. The export was previously considered as “free”, and is now amended to “prohibited”, as per the export policy. The exporters must now adhere to the significant amendments…