SpiceJet shareholders on Thursday approved the issue of preferential equity and warrants to 63 major entities which includes Aries Opportunities Fund, the Mahapatra family—Preeti and Harihara Mahapatra— and others.

Preeti and Harihara Mahapatra will own a major stake in the airline; 19.95 per cent and 1.99 per cent respectively. Meanwhile, Aries Opportunities Fund will hold 3.99 per cent share in the low cost carrier.

Russian Deputy Far East and Arctic Development Minister Anatoly Bobrakov on Thursday emphasised that Russia is planning to renew the Chennai-Vladivostok route, stressing that they are also planning to visit Chennai at the end of this month for further discussions.

Russian Minister Bobrakov attended the Vibrant Gujarat Global Summit on Thursday, where he emphasised that the summit is pretty effective for their delegation.

India’s information technology (IT) leaders have once again sent out a signal that the macro environment is tough and that their clients are spending cautiously.

Kicking off the earnings season on Thursday, the third quarter results of Tata Consultancy Services (TCS) and Infosys reflected the slowdown in the global markets. While attrition has been contained, addition in the workforce has been negligible. Between the two firms, over 11,000 people have left the firms with no substantial addition.

United Airlines made an emergency landing in Tampa on its way to Chicago on Wednesday after a warning light signalled that a door in the aircraft was open, according to a report by Hindustan Times. The unscheduled landing in Tampa International Airport comes days after a door plug flew off an Alaska Airline plane mid-air. Terrifying videos of the Alaska Airlines incident circulated across social media platforms, raising many concerns regarding safety and aircraft durability.

Delhi is lagging behind in reaching its clean air goals under the National Clean Air Programme. The city has the highest PM2.5 levels, inhalable particles, of 102 micrograms per cubic metre in 2023, an increase of 2.5 per cent compared to levels recorded in 2022. For reference, less than 25 is considered good, and anything between 100-300 is considered "very poor" on the index.

Delhi has consistently reported high levels of air pollution, with the air quality remaining in the "very poor" to "severe" categories on the air quality index (AQI) since December.

Amazon is set to layoff several hundred employees in its streaming and studio operations, the company announced in an internal memo on Wednesday.

The company said the latest job cuts will impact the employees of Prime Video and Amazon MGM Studios. While the workers facing exit were supposed to be intimated on Wednesday, those in the remaining regions will be informed by the end of the week.

Shares of Polycab India tanked 23 per cent to Rs 3,801 on the National Stock Exchange (NSE) in Thursday’s intra-day trade after the Income Tax (I-T) department detected "unaccounted cash sales" of about Rs 1,000 crore from its recent raids on the company.

A combined around 2.9 million equity shares had changed hands on the counter till 10:04 AM. With today's fall, the stock price of Polycab India has slipped 27 per cent from its record high level of Rs 5,733 touched on December 12, 2023.

Mumbai-based manufacturer of Active Pharmaceutical Ingredients (APIs) Supriya Lifesciences is setting its sights on Brazil, aiming to add up to Rs 200 crore in sales from new product launches in the next two to three years. This ambition follows the company's recent approval from Anvisa (Brazilian health regulatory agency), which has facilitated its entry into the Brazilian market.

Anvisa, responsible for auditing and registering pharmaceuticals in Brazil, recently completed an inspection of Supriya Lifesciences' API manufacturing unit in Lote Parshuram. The audit concluded with zero observations, a significant achievement for the company.

The price of 24-carat gold remained unchanged in early trade on Thursday, with ten grams of the precious metal selling at Rs 62,950, according to the GoodReturns website. The price of silver declined by Rs 600, with one kilogram of the precious metal selling at Rs 76,000.

The price of 22-carat gold was also unchanged, with the yellow metal selling at Rs 57,700.

The World Bank on Tuesday kept its FY25 economic growth projection for India unchanged at 6.4 per cent, mainly on account of strong domestic demand, rising public infrastructure spending and strong private-sector credit growth. However, it projected that the private consumption growth might taper off due to high food inflation and diminishing pent-up demand.

In its biannual ‘Global Economic Prospects’ report, the World Bank said India was anticipated to maintain the fastest growth rate among the world’s largest economies, but its post-pandemic recovery was expected to slow, with estimated growth of 6.3 per cent in FY24, before recovering gradually to 6.5 per cent in FY26.

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