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Air India’s long history as it faces crisis of Ahmedabad crash

Air India’s long history as it faces crisis of Ahmedabad crash

June 12 (Reuters) – A Boeing 787 Dreamliner operated by Air India, one of its home country’s largest airlines, crashed moments after take-off on Thursday on a flight from Ahmedabad to London Gatwick. Here are the facts about the airline’s long history: FOUNDED IN 1932 Air India was started by entrepreneur JRD Tata in 1932, before being taken over by the Indian government in 1953. Under the government, years of mismanagement and rising competition led to ballooning debts at the carrier. Tata Group took over the airline’s operations in a $2.2 billion deal in 2022, and has since tried to

Sensex, Nifty tumble 1 pc on weak global trends, geopolitical tensions

Sensex, Nifty tumble 1 pc on weak global trends, geopolitical tensions

Mumbai, Jun 12 (PTI) Benchmark indices Sensex and Nifty tanked 1 per cent on Thursday, in tandem with weak global market trends amid growing tensions in the Middle East. The 30-share BSE Sensex dropped 823.16 points or 1 per cent to settle at 81,691.98. During the day, it plunged 991.98 points or 1.20 per cent to 81,523.16. The broader NSE Nifty tumbled 253.20 points or 1.01 per cent to 24,888.20. Fresh foreign fund outflows also dented investors’ sentiment, traders said. From the Sensex firms, Tata Motors, Titan, Eternal, Power Grid, Tata Steel, Larsen & Toubro, Mahindra & Mahindra and Hindustan

Gold jumps Rs 850 to Rs 99,340/10 g; silver slips Rs 100

Gold jumps Rs 850 to Rs 99,340/10 g; silver slips Rs 100

New Delhi, Jun 12 (PTI) Gold prices jumped Rs 850 to Rs 99,340 per 10 grams in the national capital on Thursday amid a rise in precious metal prices in the overseas markets, according to the All India Sarafa Association. The yellow metal of 99.5 per cent purity climbed Rs 800 to Rs 98,800 per 10 grams (inclusive of all taxes). However, silver prices went lower by Rs 100 to Rs 1,07,000 per kilogram (inclusive of all taxes) on Thursday. The most traded gold contracts for August delivery bounced by Rs 1,585 to trade at Rs 98,289 per 10 grams.

Rupee falls 7 paise to settle at 85.60 against US dollar

Rupee falls 7 paise to settle at 85.60 against US dollar

Mumbai, Jun 12 (PTI) The rupee declined 7 paise to close to 85.60 (provisional) against the US dollar on Thursday amid a steep fall in the domestic equity markets and a rise in global crude oil prices. However, a weaker dollar against major currencies capped the losses, forex traders said. At the interbank foreign exchange, the rupee opened at 85.43 against the US dollar and traded in the range of 85.43-85.65 before closing at 85.60 (provisional), down 7 paise from its previous close. The local unit had settled at 85.53 on Wednesday. “The Indian rupee fell today (Thursday) after rising

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