Tuesday, October 06
A man who emerged as the sole survivor from the crash of Air India Flight 171 made a video call to his family moments after escaping the wreckage, expressing disbelief at his survival. The crash claimed the lives of all 241 others onboard. Viswash Kumar Ramesh, 38, was returning to London from Ahmedabad when the Boeing 787 Dreamliner crashed shortly after takeoff. Among the passengers was his brother Ajay Ramesh, who did not survive. “I don’t know how I am alive,” Viswash told his younger brother, Nayan Ramesh, 27, during a call from the crash site, according to an NYT report. The Ramesh family’s home in Leicester, England, turned into a place of mourning and disbelief. Nayan, standing outside the house surrounded by relatives and neighbours, said his brother had called their fathe
Shares of domestic defence stocks like Ideaforge and Hindustan Aeronautics Ltd (HAL) rallied up to 8% on Friday after Israel launched a series of military strikes on Iran, reigniting fears of a broader conflict and driving investor interest in defence-linked companies.Shares of Ideaforge Technology jumped as much as 8.1% on the BSE to Rs 599.60, leading gains among Indian defence stocks. Astra Microwave Products rose up to 4% to Rs 1,175, Bharat Dynamics advanced 2.9% to Rs 1,925, and Hindustan Aeronautics Ltd (HAL) climbed 1.9% to Rs 5,049.50.The rally came after Israel carried out strikes on Iran, targeting nuclear facilities, ballistic missile production sites, and military commanders. Iranian state media confirmed that elite Revolutionary Guards commander Hossein Salami was killed, and
Amid safe-haven buying triggered by Israel-Iran tensions and weakness in the dollar index, gold August futures contracts on the MCX opened sharply higher by Rs 2,011 or 2.04%, crossing the Rs 1 lakh mark to trade at Rs 1,00,403 per 10 grams on Friday.Meanwhile, silver July futures contracts also showed strength, opening higher at Rs 1,06,695 per kg, up by Rs 810 or 0.76%.On Thursday, both gold and silver settled on a positive note in domestic and international markets. Gold August futures settled at Rs 98,392 per 10 grams, gaining 1.75%, while silver July futures settled at Rs 1,05,885 per kg, up 0.47%.Prices of both metals surged again amid escalating tensions in the Middle East between Israel and Iran. Safe-haven demand lifted gold prices past the $3,400 per troy ounce mark globally. In
Moody's Ratings on Friday affirmed Tata Motors Limited (TML) Ba1 corporate family rating (CFR) while holding the rating outlook to remain positive. Separately, the company's subsidiary Jaguar Land Rover Automotive Plc (JLR) ratings was also upgraded. India's largest EV maker by market share saw its JLR's corporate family rating (CFR) rise to Ba1 from Ba2 and the probability of default rating (PDR) to Ba1-PD from Ba2-PD."The affirmation reflects the sustained strengthening in TML's consolidated credit profile driven by gross debt reduction and earnings expansion, which are accelerating deleveraging even as the global automotive industry faces challenging conditions," says Kaustubh Chaubal, a Moody'sRatings Senior Vice President."Concurrently, we have upgraded JLR's backed senior unsecured i
