India's newest airline Akasa Air, which is set to soon fly on international routes and will be placing a three-digit aircraft order, plans to list on the bourses by the end of the decade, its Chief Executive Officer Vinay Dube told PTI.

The 14-month-old Akasa Air, which already operates more than 750 weekly flights across 16 domestic destinations, including Mumbai, Ahmedabad, Bengaluru and Delhi, is looking at "gathering a little more history" before launching an initial public offering (IPO), he said.

The Delhi High Court has directed the government/GST authorities to refund IGST of Rs 7.12 crore to Vodafone Idea that was paid on the export of international roaming and long-distance services.

The key issue before the court was whether the telecom services provided by the petitioner (Vodafone Idea) to inbound subscribers of Foreign Telecom Operators (FTOs) constitute export of services and whether its claims were within the period of limitation as specified under Section 54(1) of the CGST Act.

JSW Steel on Friday reported a consolidated net profit of Rs 2,760 crore in the July to September quarter (Q2FY24) on the back of higher sales and lower coking coal costs. In the year-ago period, it had recorded a net loss of Rs 848 crore.

Revenue on a consolidated basis in Q2FY24 at Rs 43,834 crore was higher by 6.64 per cent year-on-year (Y-o-Y). The numbers beat expectations on revenue and profit.

The liftoff of a test vehicle with crew safety related payloads connected to the ambitious Gaganyaan human space flight mission on Saturday could not happen as planned following an anomaly which will be analysed, ISRO chief S Somanath said.

Engine ignition of the TV-D1 rocket did not happen in the course of time.

The Adani group on Friday said through Endeavour Trade and Investment, Adani Cement has entered into definitive agreements for a fresh facility of $3.5 billion to refinance debt taken for the acquisition of Ambuja Cements and ACC.

The refinancing programme was concluded with 10 international banks with a debt maturity of up to 3 years. The group said the facility will result in an overall cost saving of approximately $300 million for the Adani Cement vertical.

Ministry of External Affairs (MEA) spokesperson and newly appointed India's ambassador to the United Nations in Geneva Arindam Bagchi, addressed a press conference on Thursday, reiterating the sentiments of Prime Minister Narendra Modi on the ongoing Israel-Gaza war.

Bagchi stated that India held its stance on condemning the terror attacks against Israel and that it was the international community's duty to stand against terrorism of all forms.

Shares of City Gas Distribution (CGD) companies like Indraprastha Gas (IGL) and Mahanagar Gas (MGL) tanked up to 12 per cent on the BSE on Friday amid heavy volumes.

The EV policy, which was submitted by the Delhi government to the Lieutenant Governor, mandates a phase-wise conversion of all commercial vehicles, including cabs and delivery vehicles, by 2030.

Zomato, DLF and Jio Financial Services are among the nine stocks that will see inflows from exchange traded funds (ETFs) tracking local and global indices. The move follows an increase in free float in these stocks on account of selling by promoters and large institutions such as Life Insurance Corporation (LIC) and Softbank Vision Fund (SVF).

More companies could get added to the list as they disclose their shareholding pattern for the September 2023 quarter.

The price of 24-carat gold jumped Rs 270 in early trade on Friday, with ten grams of the precious metal selling for Rs 60,760, according to the GoodReturns website. The price of silver declined by Rs 500, with one kilogram of the precious metal selling at Rs 74,100.

The price of 22-carat gold was also up by Rs 250, with the yellow metal selling at Rs 55,700.

Shares of BSE (formerly Bombay Stock Exchange) have jumped nearly three times this year amid a successful derivatives segment re-foray. Domestic brokerage HDFC Securities sees the stock sustaining the gains with the derivative segment underpinning the growth going ahead.

BSE has witnessed success with the Sensex contract in the much larger equity derivatives segment, dominated by NSE. The Sensex contract is currently catering to about 40 per cent of NSE's derivatives volume (Nifty) but with the launch of the Bankex contract, BSE will address about 95 per cent of NSE's derivative volume.

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