₹3,583 cr one-time gain sends Adani Enterprises’ profit soaring 84%

Air India is operating a special relief flight, AI183, to Ulaanbaatar to bring back 228 passengers stranded after their San Francisco-Delhi flight, AI174, was diverted due to a suspected technical issue. The Boeing 787 Dreamliner is expected to return to Delhi on Wednesday morning, with passengers being accommodated and assisted by local authorities and the Indian Embassy.

State Bank of India has reported strong growth in its loan book for the September quarter. Advances rose by over 12 percent year-on-year. The bank's total business has now crossed the ₹100 trillion mark. Retail, agriculture, and SME lending showed significant momentum. Profitability also saw a healthy increase, driven by non-interest income.

Novo Holdings is boosting its investments in India. The company is looking at single-specialty hospitals and contract drugmakers. This move targets high-growth healthcare segments. Novo Holdings is already in talks with several Indian companies. Their investment size in India has grown significantly. They are focused on specialized healthcare and complex drug manufacturing.

Tesla has appointed Sharad Agarwal as its country head in India. Agarwal previously led Lamborghini India. This move signals a new strategy for Tesla in the Indian market. The company aims to boost sales and brand awareness. Agarwal's focus will be on luxury buyers. He will navigate India's high import tariffs and slow EV adoption.

Renault India saw a significant jump in vehicle dispatches to dealers in October. Sales increased by 21 percent compared to the previous year. This growth was fueled by strong customer interest in the new Triber and Kiger models. The company noted renewed consumer confidence and vibrant demand during the festive season.

Steel Secretary Sandeep Poundrik pointed out that low steel prices are creating a tough environment for small businesses, leading many to cease operations as profitability plummets. This situation unfolds as the government gears up to significantly enhance steel production capabilities in the near future. Additionally, the global oversupply, especially from China, is exerting downward pressure on domestic pricing.

This Tuesday marks the beginning of a pivotal three-day summit where the DGCA will engage with top airline leaders. The agenda is packed with essential topics: from ensuring punctuality to addressing restrictions on flight crews, as well as tackling customer service grievances.