The Reserve Bank of India (RBI) on Monday cleared a sum of Rs 24,773.11 Crore towards the Cash Credit Limit (CCL) up to the end of April-2022 for the procurement of Wheat in Punjab during the ensuing Rabi Marketing Season (RMS).

Expressing gratitude to the Centre for timely release of CCL, Chief Minister Bhagwant Mann said it would go a long way in ensuring seamless procurement of Wheat during the current marketing season.

With this, the bulk of the CCL sought by the state government for the purchase of 132 lakh tonnes of Wheat for this season has been released by the Central bank.

Anil Ambani-owned Reliance Power (RPL) has clarified that the National Company Law Tribunal (NCLT) Mumbai has not received any notice from Piramal Capital and Housing Finance Ltd (PCHFL) which had reportedly filed bankruptcy proceedings against RPL and its subsidiary Reliance Natural Resources Ltd (RNRL) earlier this week. 

NCLT yet to receive notice from Piramal Capital under IBC: Reliance Power© Provided by Business Today NCLT yet to receive notice from Piramal Capital under IBC: Reliance Power

The company, in a regulatory filing on Saturday, informed that "an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, has been filed against the Company and its subsidiary Reliance Natural Resources Limited (RNRL) by Piramal Capital and Housing Finance Limited in relation to financial claim of Rs. 526.10 Cr due from RNRL."

Boeing on Friday said Indian airline operators need over 2000 new single aisle aircraft over the next 20 years.

South Asia's air travel sector is dominated by the Indian market, which accounts for about 90 percent, the US aircraft maker said in a press release.

"Indian operators will need just over 2,000 new single-aisle airplanes to meet demand during the forecast period. Single-aisle airplanes such as the 737 family will continue to serve growth in domestic and regional markets, including flights from India to the Middle East and Asia Pacific regions," it said.

Pawan Hans Limited (PHL), a PSU under Ministry of Civil Aviation, on Thursday announced on the sidelines of the ongoing Wings India in Hyderabad its decision to lease six Sikorsky S-76D helicopters. S-76D helicopters, pawan hans limited, Ministry of Civil Aviation, indian PSU, Milestone Aviation Group Limited,

According to Michael York, Head of Emerging Markets at Milestone the S-76D is a new helicopter platform type for Pawan Hans. This will enhance their operations with greater capabilities and advanced technologies.© Provided by The Financial Express According to Michael York, Head of Emerging Markets at Milestone the S-76D is a new helicopter platform type for Pawan Hans. This will enhance their operations with greater capabilities and advanced technologies.

The income Tax Department on Wednesday conducted search operations on multiple premises of two-wheeler manufacturer Hero MotoCorp. Tax officials said the search operations were part of a tax evasion investigation against the company. The operations started in the morning hours.

The company, however, issued a statement later in the day, terming the exercise a “routine inquiry, which is not uncommon before the end of the financial year”.

Offices and residential premises of the company, including that of chairman and CEO Pawan Munjal located in Gurgaon,