Saturday, September 19
After more than six decades of service, which saw the combat aircraft taking part in all major Indian conflicts, the MiG 21 fighter jet is finally set to fly into the sunset, with a ceremonial farewell planned for September.The last aircraft are part of the 23 squadron, also known as the Panthers, and will be sent off on September 19 at a ceremony planned at the Chandigarh airbase. The fighters will leave with a mixed legacy -- from being the first supersonic jets that gave India an edge in the 1960s and '70s to being plagued with accidents in later years that earned it the 'Flying Coffin' monicker.With its departure -- Sq 23 is being number plated -- the Air Force will fall to a historic low of only 29 combat squadrons. This is the lowest combat strength the Air Force has since the 1960s
Shares of Eternal, the parent company of Zomato and Blinkit, surged 14.9% to hit a record high of Rs 311.60 on BSE on Tuesday, despite a sharp 90% year-on-year (YoY) decline in consolidated net profit for Q1FY26. Net profit dropped to Rs 25 crore from Rs 253 crore in the same quarter last year.The profit drop, however, was offset by strong top-line growth. Revenue from operations surged 70% YoY to Rs 7,167 crore, driven by robust performance in the quick commerce and food delivery segments.Profit hit by investments in quick commerce and going-out segmentsAkshant Goyal, CFO of Zomato, said the fall in profitability was mainly due to continued investments in quick commerce and the going-out vertical. Consolidated adjusted EBITDA dropped 42% YoY to Rs 172 crore, although food delivery EBITDA
Shares of fintech major Paytm (One 97 Communications) have surged 122% over the past 12 months, driven by sustained bullish momentum and improving investor sentiment. Despite the strong recovery, the stock still trades 53% below its IPO issue price of Rs 2,150 – raising the question: Can Paytm reclaim its IPO-era highs?Currently hovering around Rs 1,018, the stock has shown signs of a technical breakout, supported by a consistent pattern of higher highs and higher lows (HH–HL) on the charts. Technical analysts believe the upcoming June quarter results, due today, July 22, could be a key trigger for further upside.Technical outlook positiveDrumil Vithlani, Technical Research Analyst at Bonanza Portfolio, said Paytm is approaching a crucial resistance zone of Rs 1,020–1,030, where it h
A mini trade deal between India and the United States is unlikely before the August 1 deadline, news channel CNBC-TV18 reported on Tuesday citing sources.
