Latest news with #Health&UrbanDevelopmentPolicy
Time of India
an hour ago
- Business
- Time of India
DGCA finds 263 lapses at airlines in annual audit
India's aviation regulator said on Wednesday it had found 263 safety-related lapses at the country's airlines, including 23 at the largest carrier IndiGo and 51 at the second largest Air India , as part of its regular annual audit. The audits were carried out as part of International Civil Aviation Organization requirements and global best practices, the Directorate General of Civil Aviation (DGCA) said on Wednesday, cautioning that higher number of findings are normal for airlines with bigger fleet sizes. Explore courses from Top Institutes in Please select course: Select a Course Category Public Policy Management Finance Technology Design Thinking Data Science Healthcare PGDM Artificial Intelligence Digital Marketing MBA Product Management healthcare Others MCA Leadership Operations Management Project Management Data Analytics Degree Data Science Cybersecurity CXO others Skills you'll gain: Economics for Public Policy Making Quantitative Techniques Public & Project Finance Law, Health & Urban Development Policy Duration: 12 Months IIM Kozhikode Professional Certificate Programme in Public Policy Management Starts on Mar 3, 2024 Get Details Skills you'll gain: Duration: 12 Months IIM Calcutta Executive Programme in Public Policy and Management Starts on undefined Get Details Reuters reported on Tuesday that DGCA had found 51 safety lapses at Air India in its July audit, including lack of adequate training for some pilots, use of unapproved simulators and a poor rostering system. The audit was not related to the deadly Boeing 787 crash last month that killed 260 people in Ahmedabad. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like How to Trade ETH/USD Without Holding Ether IC Markets Learn More Undo The DGCA said it had also found 14 deficiencies at SpiceJet and 17 at Vistara, which is now part of Air India. The regulator found 25 lapses at Air India Express, Air India's budget carrier. Akasa Air is yet to be audited. The regulator did not detail what kind of lapses were found but divided the list of breaches into "Level I", which are significant breaches, and "Level II", which are other non-compliances. In total, 19 "Level I" breaches were found at Indian airlines, the DGCA said. Live Events
Time of India
6 hours ago
- Business
- Time of India
Sri Lotus Developers IPO sees 5% subscription on Day 1 so far. Should You Apply? Check GMP, Review & Key Details
The initial public offering (IPO) of Sri Lotus Developers opened for subscription on Wednesday, July 30. As of 10:12 AM, overall subscription stood at 5%, with interest largely driven by retail and non-institutional investors. The IPO will remain open until August 1. In the grey market, shares are quoting at a premium, indicating a potential listing gain of around 29% over the upper price band of Rs 150 per share. Sri Lotus Developers IPO Subscription Status Explore courses from Top Institutes in Please select course: Select a Course Category Public Policy Project Management Cybersecurity Data Analytics Design Thinking Management Degree healthcare Operations Management others Data Science Healthcare Product Management Artificial Intelligence Data Science PGDM Others Digital Marketing CXO MBA Technology Leadership Skills you'll gain: Economics for Public Policy Making Quantitative Techniques Public & Project Finance Law, Health & Urban Development Policy Duration: 12 Months IIM Kozhikode Professional Certificate Programme in Public Policy Management Starts on Mar 3, 2024 Get Details Retail investors subscribed to 7% of the 1.97 crore shares allocated to them, while NIIs—such as high-net-worth individuals—subscribed to 9% of the 84.64 lakh shares reserved for their category. Meanwhile, Qualified Institutional Buyers (QIBs) have not placed any bids yet for their allotted 1.12 crore shares. However, it's worth noting that QIB interest often gathers momentum closer to the final days of the IPO, so a lack of early bids from this segment is fairly typical. Sri Lotus Developers IPO GMP today According to market observers, the IPO is commanding a grey market premium (GMP) of Rs 44 per share. This suggests a potential listing gain of nearly 29% over the IPO's upper price band of Rs 150. While GMPs are unofficial and speculative, they can reflect investor sentiment and expected demand. Sri Lotus Developers and Realty launched its Rs 792 crore IPO today, eyeing investor interest in the luxury real estate segment of Mumbai. The issue, which is entirely a fresh offer of 5.28 crore shares, will close on August 1. The price band has been set at Rs 140-150 per share, with a lot size of 100 shares. Proceeds from the IPO will be used to partly fund ongoing projects through its subsidiaries—including Amalfi, The Arcadian, and Varun—and for general corporate purposes. Sri Lotus Developers company details Sri Lotus Developers operates predominantly in Mumbai's western suburbs, focusing on ultra-luxury and luxury housing through redevelopment and joint development models. The company had a net profit of Rs 228 crore in FY25, more than doubling from Rs 119 crore a year ago, on revenue of Rs 550 crore. Its EBITDA margin rose sharply to 52.6%, indicating strong profitability. Backed by a solid pipeline of 16 projects across Juhu, Andheri, Bandra, Prabhadevi, and Ghatkopar, Sri Lotus is betting big on the rising demand for homes in the Rs 2.5 crore-plus segment. The company follows an asset-light approach, largely avoiding land acquisition and instead partnering with housing societies—a model that has allowed faster execution and leaner capital deployment. Should You Subscribe? Anand Rathi has issued a "Subscribe - Long Term" call, citing a strong execution track record, brand premium, and presence in high-demand micro-markets of Mumbai. It notes that while the valuation appears fully priced at 30.6 times FY25 earnings, the fundamentals support long-term wealth creation. Arihant Capital recommends the IPO for listing gains. The brokerage highlights the company's ability to complete projects well before RERA timelines and its premium pricing power, especially in areas like Juhu. Also read: Mother of all IPOs coming next year? Ambani eyes Jio Infocomm's Rs 52,000 cr issue: Report The IPO is being managed by Motilal Oswal and Monarch Networth , with shares set to be listed on both NSE and BSE. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
7 hours ago
- Business
- Time of India
Apple rolls out video call support for online shoppers in India
Apple has rolled out the option to video call Apple Store retailers on its online store when purchasing a product. India is only the second country after the US to get the feature, following the launch of the online store app earlier this year. Explore courses from Top Institutes in Please select course: Select a Course Category Public Policy Others Product Management CXO Cybersecurity Healthcare MBA Leadership Artificial Intelligence others MCA Management Design Thinking Data Science Operations Management PGDM Degree Technology Digital Marketing healthcare Data Analytics Finance Data Science Project Management Skills you'll gain: Economics for Public Policy Making Quantitative Techniques Public & Project Finance Law, Health & Urban Development Policy Duration: 12 Months IIM Kozhikode Professional Certificate Programme in Public Policy Management Starts on Mar 3, 2024 Get Details Skills you'll gain: Duration: 12 Months IIM Calcutta Executive Programme in Public Policy and Management Starts on undefined Get Details The service connects customers with an Apple Store team member via a secure, one-way video call to browse the latest Apple products, discover new features, and learn about Apple's trade-in program, financing options, and more from the comfort of their homes. 'India is a vibrant and dynamic market, and we're thrilled to deepen our connection with customers here through Shop with a Specialist over Video,' said Karen Rasmussen, Apple's head of Retail Online. While the Specialist will appear on video, customers will remain on audio only. During the session, customers can get tailored, personalised advice, enabling them to compare models and learn more about available purchase options to decide on the product that best suits their needs. The service, offered in English, will support customers on iOS and non-iOS devices. The service is available 10AM to 7PM from Monday to Friday. 'Whether someone lives in a metro city or a smaller town, we're committed to making it easier than ever for them to access the incredible products, services, and support Apple is known for. Our team members are excited to connect with even more customers in India and provide them exceptional service as they learn what Apple products suit their needs," Rasmussen said. The development comes even as Apple doubles down on the India market not just as an export hub, but a fast-growing market for its iPhones and Macs. Apple ranked sixth in Q2 2025 in the Indian smartphone market with the iPhone 16 family accounting for over 55% of its shipments, while the iPhone 15 and 13 continued to drive demand across price tiers, according to Canalys. Economic Times WhatsApp channel )
Time of India
17 hours ago
- Business
- Time of India
EPFO orders audit of applications for higher pension; exempted units in focus
The Employees' Provident Fund Organisation (EPFO) will undertake an audit of all applications related to pension on higher wages (PoHW), with special emphasis on exempted establishments . In a notification issued recently, the EPFO said the audit will be done by its internal audit teams and will be completed before September 30 this year. ET has seen the notification. Explore courses from Top Institutes in Please select course: Select a Course Category Public Policy Healthcare Product Management MBA Design Thinking healthcare Data Analytics CXO Management Cybersecurity others Digital Marketing Degree Leadership Artificial Intelligence MCA Technology Others Operations Management Data Science Project Management Finance PGDM Data Science Skills you'll gain: Economics for Public Policy Making Quantitative Techniques Public & Project Finance Law, Health & Urban Development Policy Duration: 12 Months IIM Kozhikode Professional Certificate Programme in Public Policy Management Starts on Mar 3, 2024 Get Details Skills you'll gain: Duration: 12 Months IIM Calcutta Executive Programme in Public Policy and Management Starts on undefined Get Details The objective is to verify whether the PoHW applications were disposed of in accordance with the Supreme Court's directive dated November 4, 2022. The move to audit PoHW applications comes after a directive from the ministry of labour and employment and a recommendation by the Pension & EDLI Implementation Committee (PEIC). "The disposal of PoHW applications pertaining to the exempted establishments may be audited at an early stage, as the disposal of such cases would have been predominantly based on the applicable Trust Rules," it said, adding that the cases of validation option can also be audited initially. It said, "This strategy would allow a significant portion of the overall audit workload to be efficiently addressed on priority." As on July 16, 2025, the EPFO had disposed of over 98.5% of the applications for pension on higher wages, Shobha Karandlage, minister of state for labour and employment, said recently in response to a question in Lok Sabha. Out of the 1.524 million applications received, the retirement fund body has issued a demand draft to 400,000 applicants eligible for high pension and rejected over 1.1 million applications, while 21,995 applications are pending, she had said. In its notification, the EPFO has directed all zonal offices to verify key points such as delay in issuance of demand letters, if any; delay and correctness in the issuance of pension payment orders (PPOs) and disbursement of arrears and pension, among others.
Time of India
a day ago
- Business
- Time of India
India set to become 2nd-best represented nation in Times Higher Education rankings
India is set to break new records and become the second-best represented nation in the world, behind only the US, in the 2026 edition of Times Higher Education ranking, according to Times Higher Education's Chief Global Affairs Officer Phil Baty . The comments were made by Baty in a statement on the occasion of the fifth anniversary of the new National Education Policy (NEP). Explore courses from Top Institutes in Please select course: Select a Course Category Public Policy Degree Digital Marketing Management Product Management Technology Finance Operations Management Data Science Others Leadership PGDM Cybersecurity Data Science Project Management others MBA healthcare Design Thinking Healthcare MCA Artificial Intelligence CXO Skills you'll gain: Economics for Public Policy Making Quantitative Techniques Public & Project Finance Law, Health & Urban Development Policy Economics for Public Policy Making Quantitative Techniques Public & Project Finance Law, Health & Urban Development Policy Duration: 12 Months IIM Kozhikode Professional Certificate Programme in Public Policy Management Starts on Mar 3, 2024 Get Details Skills you'll gain: Economics for Public Policy Making Quantitative Techniques Public & Project Finance Law, Health & Urban Development Policy Duration: 12 Months IIM Kozhikode Professional Certificate Programme in Public Policy Management Starts on Mar 3, 2024 Get Details Skills you'll gain: Duration: 12 Months IIM Calcutta Executive Programme in Public Policy and Management Starts on undefined Get Details "In the 2026 edition of the world rankings, to be published at the World Academic Summit on 8 October this year, India will break new records to become the second best represented nation in the world, behind only the US. So the data is clear that India's universities are increasingly rubbing shoulders with the world's global research elite . by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like My Brows Look Fuller Looking Now [See Results] NULASTIN Learn More Undo "But based on an additional, very different set of performance metrics based on their social and economic impact, India's universities are also starting to really shine," he said. The Times Higher Education Impact Rankings (re-launched for 2026 as the Sustainability Impact Ratings) assess universities' social and economic impact based on their contributions to the United Nations (UN) Sustainable Development Goals (SDGs). Universities are examined on their teaching, research, community outreach and the stewardship of their resources across hundreds of metrics based on all 17 of the UN SDGs. Live Events Baty noted that India's National Education Policy of 2020 was so pioneering and so bold that many said at its launch five years ago that it was simply too ambitious to succeed. "...but exactly five years since the NEP 2020 was formally launched, there is a growing body of independent evidence that, despite the dramatic disruption of the COVID pandemic, the bold vision is rapidly becoming a reality. "Certainly, regarding ambitions to improve higher education quality and to finally embrace the full internationalisation of Indian higher education, Times Higher Education's data is clear -- the plans are working," he said. In 2019, the year before NEP2020, India had 49 universities in the rankings - a share of around four per cent of all ranked universities. In the 2026 edition, India's representation will have almost tripled to 128 ranked universities, representing nearly six per cent of all ranked universities. "This remarkable achievement reflects a nation-wide commitment from Indian universities to collect better data, to step forward and subject themselves to global data benchmarking, to put themselves on the world stage alongside the top research universities worldwide -- and most importantly to be a visible and active part of the global academic community , where research collaboration and talent exchange can help them to thrive further. "And it is not just in representation where India is showing exceptional progress. There are improvements in quality too. So the data is clear that India's universities are increasingly rubbing shoulders with the world's global research elite. But based on an additional, very different set of performance metrics based on their social and economic impact, India's universities are also starting to really shine," he said.
