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Akasa Air will hire over 500 pilots in the next three years. The airline plans to induct more than a dozen planes annually. International routes will increase to about forty percent of capacity. This strategy aims to improve revenue per available seat kilometre. Larger aircraft will also help reduce unit costs through economies of scale.
India’s food regulator FSSAI has ordered Pie Foods to halt sales of two sweetener products. The prohibition stems from violations of labelling and advertising regulations. FSSAI found issues with relabelling endorsements and e-commerce website operations. Mandatory declarations were missing from product labels and website claims were made.
European stock markets edged higher on Friday, supported by gains in healthcare stocks, while rising oil prices and renewed Middle East tensions kept investors cautious ahead of the closely watched U.S. non-farm payrolls report.
Akasa Air CEO Vinay Dube supports airport operators owning airlines, which IndiGo opposes. The airline is seeking significant funding amid rising operating costs. Akasa reported a substantial financial loss for the fiscal year 2025. The company plans fleet expansion with many aircraft on order. Akasa continues to grow its operations and employee base.
SK Hynix approved investments of 54.3 trillion won through 2031 to expand semiconductor production, targeting rising AI-driven demand. Funds will support new DRAM facilities in Yongin and NAND flash capacity in Cheongju. The company also plans additional shareholder return measures, with details expected during the third quarter, strengthening growth prospects.
Hindalco Industries sees strong performance from rising aluminium prices and Novelis’ recovery. Global aluminium prices increased significantly due to supply shocks and a widening deficit. Novelis, its US subsidiary, improved operations after restarting its Oswego hot mill. The company achieved substantial cost savings and targets further operational improvements. Hindalco’s India aluminium business also benefited from…
Centum Electronics will invest five hundred crore rupees in Karnataka. A new aerospace and defence electronics manufacturing facility will be built. Construction begins in September and will create fifteen hundred jobs. This facility will produce high-end radar and electronic warfare technologies. Karnataka is intensifying efforts to attract new manufacturing investments.
The top court agreed to hear the government’s appeal against the verdict quashing retrospective dues, but refused to halt the release of ₹3,300 crore in bank guarantees to the telecom operators.
State Bank of India expects credit growth to remain broad-based across segments. The bank retained its loan growth guidance at fourteen to fifteen percent. It also anticipates mobilising around ten billion dollars in foreign-currency deposits. Net interest margin guidance remains at three percent for the financial year. Asset quality is not currently a concern due…
In July, the FSSAI privately gave the companies 90 days to drop “energy drink” or any similar description from high-caffeine beverages, saying there were no Indian standards for such products and that using that term breached regulations.