Domestic airlines will operate 24,275 weekly flights during the summer schedule starting from March 31. This is nearly a 6% increase compared to the year-ago period. The number of weekly departures is just 2.30% higher than the 23,732 flights being operated by the scheduled carriers in the ongoing winter schedule, according to data shared by the aviation regulator DGCA.

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India's biggest IT services company Tata consultancy Services said on March 21 that it has signed a multimillion-dollar strategic partnership to carry out the end-to-end IT transformation of Ramboll, a global architecture, engineering, and consultancy company headquartered in Denmark. Over the next seven years, TCS will help and streamline Ramboll’s IT operating model to drive business growth.

📌The top gainers in Nifty were BPCL, NTPC, Power Grid Corporation Of India, Tata Steel, and Coal India. These stocks recorded gains of 3.73%, 3.62%, 3.44%, 3.06%, and 2.99% respectively. 📌The top losers in Nifty were Bharti Airtel, HDFC Life Insurance Company, ONGC, Maruti Suzuki India, and ICICI Bank. These stocks experienced losses of 0.89%, 0.66%, 0.34%, 0.28%, and 0.25% respectively.

The regulator's move to relax norms for minimum promoter contribution (MPC) will ease the path for startups seeking to tap the domestic public markets, experts said. The Securities and Exchange Board of India said last week it will expand the list of eligible investors that can contribute to meeting MPC lock-in requirements without being identified as promoters.

Health-tech startup HealthifyMe’s India business will turn profitable at the Ebitda level by the end of the year, a top executive at the company said. The company is also looking to expand to 20 markets, including the US and UK, by the end of the year, said Tushar Vashisht, founder and CEO of HealthifyMe.The startup, which has raised about $130 million in total from investors such as LeapFrog.

IIT-KGP and the Indian Navy signed an MoU to promote technology development, innovative solutions and undertaking joint research and development, according to a statement issued on Thursday. This alignment signifies a move towards a symbolic relationship between academia and the military, fostering an environment conducive to innovation and knowledge exchange, the statement noted.

The rupee appreciated 6 paise to close at 83.13 (provisional) against the US dollar on Thursday, supported by a firm trend in domestic equities and a weak greenback amid rising appetite for riskier assets. At the interbank foreign exchange market, the local unit opened at 83.07 against the greenback. The unit hit an intra-day high of 83.04 and a low of 83.16.

Krystal Integrated Services, a provider of facility management services, witnessed a decent debut on the stock market, listing at Rs 770 per share, which translates into a gain of around 10% over its issue price. Post the listing, the company's shares erased all the gains and were trading at Rs 721 apiece, flat over the IPO price.

The Indian Banking sector is structurally in stronger shape to ride the retail credit growth story over the next decade, amid rising consumerism. However, funding such growth via retail deposits at a reasonable cost among rising structural disruptions could emerge as the biggest challenge, said domestic brokerage firm Emkay Global Financial Services in its latest banking analysis report.

✅ Amid positive global cues, benchmark indices closed on a positive note today. 📢 At 3:30 PM, the Sensex improved by 539.50 points or 0.75% at 72,641.19, and the Nifty was up 172.85 points or 0.79% at 22,011.95. 📊Among sectoral, Nifty Realty (⬆️3.00%) turned out to be the best performer, and Muthoot Finance (⬆️7.14%) was the top gainer.

The Securities and Exchange Board of India (SEBI) has now asked the Association of Mutual Funds of India (AMFI) to stop accepting inflows into funds that invest in overseas ETFs, nearly two years after the MF industry exhausted its $7 billion limit to invest in overseas stocks. The overlimit available to MFs to invest in overseas securities is $7billion.

Domestic brokerage house Ventura Securities has projected a significant almost 60 percent upside potential for Adani Energy Solutions Ltd (formerly Adani Transmission) over a two-year period. The brokerage's optimism stems from its assessment of the power transmission & distribution (T&D) sector in India, which it believes is primed for expansion.

Akasa Air's Founder and CEO, Vinay Dube, stated in an interview with CNBC-TV18 that the airline is confident of obtaining foreign government permissions to start operations in Riyadh and Jeddah in the Middle East in a relatively short period. Dube mentioned that the approval process won't take nine months or a year, but rather a lot shorter, possibly later this summer.

Benchmark indices Nifty and Sensex snapped out of the recent slump to rise over 1 percent as market participants cheered the Fed's dovish commentary and hints of three rate cuts this year, starting June. All sectoral indices were trading with firm gains, reflecting a broad-based optimism among investors. The broader markets also rebounded with the BSE Midcap and the Small-cap indices gaining.