A naukri.com initiative
Funding News
Bloomberg Quint
1M
394
Image Credit: Bloomberg Quint
Emergency During Travel? Here’s How To Manage Your Expenses
- Travelling can be a rejuvenating experience with careful planning.
- During travel, unexpected emergencies can occur, necessitating preparedness.
- Tips for managing expenses during travel emergencies include purchasing travel insurance covering various aspects like medical emergencies and trip cancellations.
- Utilizing technology like payment apps and telemedicine platforms can aid in managing expenses efficiently.
- Prioritizing essential expenses is crucial in emergencies, such as focusing on securing new accommodation or tickets over non-essential spending.
- Seeking assistance from locals or local authorities, such as the Indian Embassy, can be beneficial during emergencies.
- Creating an emergency fund before traveling can help cover unexpected costs like transport and accommodation.
- Gathering sufficient information about the destination and taking precautionary measures is essential to handle potential emergencies.
- Carrying cash on domestic trips and a mix of cash and a forex card for international travel ensures access to funds in various situations.
Read Full Article
23 Likes
Bloomberg Quint
1M
509
Image Credit: Bloomberg Quint
Boeing Stock Down For Fourth Day As Scrutiny Grows Over Air India Plane Crash
- Boeing Co. stock price dropped 2% after the market opened, extending losses to the fourth day following scrutiny over the Air India plane crash involving a 787-8 Dreamliner in Ahmedabad.
- This crash marks the first involvement of the wide-body model in such an incident.
- On Thursday, Boeing's stock settled 4.8% down at $203.75, making it the worst performer on the S&P 500.
Read Full Article
12 Likes
Bloomberg Quint
1M
172
Image Credit: Bloomberg Quint
Flight Delayed Or Cancelled? Complete Guide On How Travel Insurance Can Help You
- Travel insurance provides financial protection when flights are delayed or cancelled.
- Booking flights is convenient but uncertainties like delays or cancellations can disrupt plans.
- Travel insurance can compensate for delays beyond a specified period covering expenses like meals, accommodation, and transportation costs.
- In case of flight cancellations, travel insurance can cover non-refundable expenses such as tickets, additional travel costs, and pre-paid expenses like hotel bookings.
- For Indian travelers with missed connections due to delays or cancellations, travel insurance can cover additional costs incurred.
- Travel insurance providers offer 24/7 assistance services to help with disruptions like booking flights or arranging accommodation.
- Comparing policies is crucial to find the right coverage; checking the company's reputation and submitting required documents for successful claims are essential.
Read Full Article
10 Likes
Bloomberg Quint
1M
217
Image Credit: Bloomberg Quint
India's Forex Reserves Rise To $697 Billion, Nears Record
- India's foreign exchange reserves rose to $696.7 billion nearing last year's peak.
- The country's forex reserves increased by $5.2 billion over the previous reporting week.
- RBI's forex holdings have been recovering from a dip, reaching $700 billion in September.
- Foreign investors withdrew $10.3 billion from India's debt and equity markets in 2025.
- Foreign currency assets in reserves rose by $3.5 billion to $587.7 billion.
- Gold reserves increased by $1.6 billion to reach $85.8 billion.
- RBI Governor stated the bank will add to forex reserves opportunistically.
- India stands as the fourth-largest holder of foreign exchange reserves after China, Japan, and Switzerland.
- The country's forex holdings are sufficient to cover nearly a year of imports.
Read Full Article
13 Likes
Bloomberg Quint
1M
126
Image Credit: Bloomberg Quint
NTPC To Issue NCDs Worth Rs 4,000 Crore For Capex And Loan Refinancing
- NTPC will issue Rs 4,000 crore worth of non-convertible debentures on June 17 with a coupon rate of 6.89% per annum for a tenor of 10 years and one day.
- The debentures will mature on June 18, 2035, and the proceeds will be utilized for capital expenditure, refinancing existing loans, and other corporate purposes.
- This issuance is the third under approval, and the NCDs are set to be listed on the National Stock Exchange.
- NTPC aims for a capital expenditure of Rs 55,920 crore and an additional capacity of 11,806 megawatts in FY26.
- The group's capex spend is anticipated to increase by 25.3% year-on-year compared to FY25.
- NTPC's stock closed 0.57% lower at Rs 331.95 apiece on the NSE.
- Analysts tracking NTPC suggest a 'buy' rating by 23 out of 27 analysts, with a potential upside of 27% as per Bloomberg data.
- The stock has observed a 10% decline in the last 12 months and a 0.42% decrease year-to-date.
Read Full Article
7 Likes
Bloomberg Quint
1M
353
Image Credit: Bloomberg Quint
India Open To Easing EV Rules As China’s Rare Earth Curbs Bite
- India is considering easing the 50% localization requirement for electric vehicle makers due to China's rare earths export restrictions.
- Automakers may be allowed to import fully built motors or assemblies to bypass the current restrictions.
- The Ministry of Heavy Industries has not yet responded to requests for comments on the matter.
- Suppliers are seeking alternative supply chains to cope with the rare earths shortage.
- A prolonged disruption in supplies could impact meeting localization norms under the Production-Linked Incentives program.
- Rare earth minerals are crucial for making traction motors used in electric vehicles.
- Indian automakers may have to import fully made parts from China if supply disruptions continue.
- The export curbs are affecting Indian auto component makers who heavily invested in localizing EV parts.
- Shipping costs for importing motors from China could significantly increase production costs for electric vehicles.
- Indian OEMs are evaluating options like importing motors as whole or sub-assemblies from China.
- The situation poses a challenge to India's self-reliance goals in electric vehicle manufacturing.
- The curbs are particularly impacting components like permanent magnet synchronous reluctance motors and magnet-based assemblies.
- Some Indian auto component makers risk losing business to Chinese suppliers due to the restrictions.
- The possibility of increased costs due to importing components is a concern for the mass-market electric vehicle segment.
- Automakers are currently assessing the best alternatives to mitigate the impact of China's rare earths export restrictions.
Read Full Article
21 Likes
Bloomberg Quint
1M
425
Image Credit: Bloomberg Quint
Air India Crash: Amidst Higher Insurance Costs In The Future, Your Air Ticket Could Get Costlier By 2-5%
- The recent Air India crash is expected to lead to higher insurance costs, potentially increasing air ticket prices by 2% to 5% for consumers.
- The crash is anticipated to reshape how risks are underwritten and priced, especially for Indian operators, due to factors like international exposure and high-value claims.
- The combination of various global incidents, including the Air India crash, is prompting reinsurance providers to reevaluate risk pricing for Indian aviation more carefully.
- Aviation insurance premiums in India, historically competitive, may see an upward revision as global reinsurers reassess the market.
- Major airlines like Air India have their insurance programs arranged on a fleet basis and reinsured internationally, with premium adjustments likely in the next underwriting cycle.
- While immediate premium changes are not expected, multiple aviation incidents worldwide are likely to influence renewal terms and premiums for the sector.
- Insurers are expected to consider India's growing market while factoring in the effect of recent incidents on the aviation insurance market.
Read Full Article
25 Likes
Bloomberg Quint
1M
364
Image Credit: Bloomberg Quint
Adani Cement, CREDAI Forge Landmark Partnership For Sustainable Urban Construction
- Adani Cement Ltd. and CREDAI have formed a partnership to enhance sustainable construction in India.
- Adani Cement accounts for about 30% of India's cement consumption, benefiting CREDAI's network of builders.
- The collaboration ensures direct access to Adani Cement's supply chain for construction projects nationwide.
- Adani Cement's recent capacity surpassing 100 million tonnes per annum adds value to the alliance.
- CREDAI members will have access to Adani Cement's product portfolio, including concrete solutions.
- The collaboration aims to create stronger, safer, and more sustainable structures in alignment with green urban futures.
- The partnership goes beyond materials, providing technical expertise for high-quality urban development.
- CREDAI leaders express optimism about the competitive edge and improved quality standards this partnership will bring.
- The initiative is expected to elevate sustainable construction practices and enhance project completion efficiency.
- Disclaimer: NDTV Profit is a subsidiary of AMG Media Networks Limited, an Adani Group Company.
Read Full Article
21 Likes
Bloomberg Quint
1M
335
Image Credit: Bloomberg Quint
Israel Orders Temporary Shutdown Of Its Biggest Gas Field
- Israel has ordered the temporary shutdown of its largest natural gas field, Leviathan, due to security concerns following military activities with Iran.
- Energean Plc also suspended its gas production following the ministry's orders amidst escalating geopolitical tensions.
- The shutdown is expected to impact regional gas supplies, notably to Egypt, which may need to accelerate LNG purchases, affecting global markets.
- Chevron Corp operates the Leviathan field in the eastern Mediterranean, supplying gas to Israel, Jordan, and Egypt.
- Energean's Karish field caters to Israeli domestic demand, while the status of Chevron's Tamar field remains unclear.
- Chevron indicated that its employees and facilities are safe during this period.
Read Full Article
20 Likes
Bloomberg Quint
1M
13
Image Credit: Bloomberg Quint
DGCA Directs Air India To Make Additional Maintenance Checks On All Boeing 787 Dreamliner Planes
- The Directorate General of Civil Aviation (DGCA) has directed Air India to reinforce safety inspection of its Boeing 787 Dreamliner aircraft following a recent crash in Ahmedabad.
- Air India is required to conduct additional maintenance actions on their Boeing 787 Dreamliners with immediate effect, including a one-time pre-departure check on flights leaving India.
- The comprehensive inspection covers critical areas such as fuel parameter monitoring, cabin air compressor systems, electronic engine control system, and more.
- Operational tests, power assurance checks, and closure of repetitive snags identified in the past 15 days are mandated within specified timeframes.
- A 'Flight Control Inspection' is to be introduced in transit inspections until further notice.
- Air India must submit a detailed report of all checks to DGCA for review.
- Air India operates a fleet of 34 Boeing 787-8 Dreamliners for long-haul international routes.
- The Indian government is considering a safety review of the Dreamliner fleet in the wake of the recent crash.
Read Full Article
Like
Eu-Startups
1M
45
French SpaceTech startup Look Up lands €50 million to tackle space collisions with radar tech
- French SpaceTech startup Look Up raises €50 million to expand its radar network and space traffic management services globally.
- Funding includes equity, debt, and public grants exclusively from European financial players.
- The €24 million equity portion is led by ETF Partners with participation from Leadwind (KFund), the EU’s EIC Fund, and existing investors.
- The EU supports expansion with €15 million in funding, and banking institutions contribute through debt financing.
- Look Up aims to become a global player in space safety and operations.
- The startup was founded in 2022 by former head of the French Space Command and ex-Chief of Space Surveillance at CNES.
- Look Up is building a radar network—SORASYS—to monitor satellites and debris orbiting Earth.
- The team, currently with over 60 employees, plans to grow to 100 by year’s end.
- Look Up already operates a radar in France and plans to deploy two more in French Polynesia.
- Funding will be used for new radar units, a space operations centre, the company’s international push, and a Space-Operations-as-a-Service model.
- Look Up’s technology vision focuses on radar network coverage, real-time space domain analysis, and enabling safe space operations.
- The startup’s expansion points to Europe’s strategic ambitions in space surveillance.
- ETF Partners stresses Look Up's role in creating a secure orbital environment for a sustainable space economy.
- Look Up's full-stack solution includes ATLAS2, an EU-backed programme for low-Earth orbit safety.
- The company addresses the increasing risks of collisions and debris management in space.
Read Full Article
2 Likes
Bloomberg Quint
1M
367
Image Credit: Bloomberg Quint
'Among Darkest Days In Tata Group's History,' Says Chairman Chandrasekaran On Air India Crash
- Tata Group Chairman N Chandrasekaran described the Air India crash that took 241 lives as one of the darkest days in the group's history.
- Investigative teams from India, the UK, and the US have arrived in Ahmedabad for the crash investigation, with Tata Group pledging full cooperation.
- Chandrasekaran emphasized the need for transparency in sharing findings about the crash to honor the victims and their families.
- The chairman urged patience in seeking explanations for the tragedy and committed to open communication once verified facts are available.
- Safety of Air India passengers was highlighted as a top priority when Tata Group took over, with a focus on supporting those affected by the crash.
Read Full Article
22 Likes
Bloomberg Quint
1M
126
Image Credit: Bloomberg Quint
Ahmedabad Plane Crash: Black Box Found At Crash Site
- The black box of the Air India plane that crashed in Ahmedabad has been found at the crash site.
- The black box, which records vital flight data, was discovered on the roof of a doctors' hostel hit by the aircraft.
- A team from the Aircraft Accident Investigation Bureau, assisted by personnel from the Gujarat government, found the digital flight data recorder.
- The black box will be crucial in determining the cause of the tragic plane crash, one of the deadliest in India.
- Air India flight AI-171 crashed shortly after takeoff from Ahmedabad while en route to London's Gatwick, resulting in 241 fatalities out of 242 people onboard.
- The passengers included Indian, British, Canadian, and Portuguese nationals, with only one survivor currently receiving medical treatment.
- The flight was operated by Captain Sumeet Sabharwal and First Officer Clive Kundar, according to the Directorate General of Civil Aviation.
Read Full Article
7 Likes
Bloomberg Quint
1M
1.4k
Image Credit: Bloomberg Quint
Rupee Closes Weaker For Second Consecutive Session As Iran-Israel Tensions Mount
- The Indian rupee closed 49 paise weaker at 86.09 against the US dollar on Friday amidst global and domestic economic influences.
- The rupee opened at 86.15 against the US dollar, the lowest level since April 11.
- Geopolitical tensions and rising crude oil prices contributed to the rupee's decline, despite some support from RBI interventions.
- Israeli attacks on Iranian sites, leading to heightened tensions and Iran's vows of retaliation, also impacted market sentiments.
- US dollar weakened to 98.08 on Friday amid the Israel-Iran conflict.
- Oil and gold prices surged as a result of the tensions, with WTI crude rising over 8% above $75 and gold reaching five-month highs.
- Risk assets are sensitive to evolving Fed expectations and geopolitical developments, with consumer sentiment data and Middle East events influencing market direction.
- Crude prices have fluctuated due to various factors, including trade conflicts and OPEC+ decisions.
Read Full Article
26 Likes
Bloomberg Quint
1M
2.4k
Image Credit: Bloomberg Quint
Garuda Aerospace Sets Up Agri-Drones Indigenisation Facility Near Chennai
- Drone manufacturer Garuda Aerospace has inaugurated an Agri-Drone Indigenisation facility near Chennai to design and manufacture advanced Unmanned Aerial Systems.
- The facility, covering 35,000 sq ft in Thalambur, near Chennai, will produce 7 subsystems and 33 parts of Unmanned Aerial Systems aligning with the 'Atmanirbhar Bharat' campaign.
- Union Minister of State for Rural Development Kamlesh Paswan inaugurated the state-of-the-art facility.
- Garuda Aerospace also introduced 300 Centres of Excellence in collaboration with educational institutions and industry partners to enhance drone innovation and skill development.
- A Train-the-Trainer program was launched to improve drone operation skills.
- The CEO of Garuda Aerospace, Agnishwar Jayaprakash, highlighted the facility's capability to manufacture various drone components, reinforcing the commitment to self-reliance.
- The company conducted a live demonstration of Agri-Drones to showcase innovation and self-reliance within the drone industry.
Read Full Article
4 Likes
For uninterrupted reading, download the app