Chennai (IANS) The Indian airline industry is likely to cut down its losses to about Rs 50-70 billion in FY24, owing to healthy passenger traffic and the ability to shore up their yields, ratings agency ICRA said in a sectoral … read more
The week gone by began with a bang with the best gains of the week being registered on Monday. It gained more than what the markets had lost on the previous Friday when the HDFC twins took a beating on … read more
Chennai (IANS) The Export Import Bank of India (Exim Bank) on Friday said it closed FY23 with an after tax profit of Rs 1,556 crore. According to Exim Bank, the company closed FY23 with a net profit of Rs 1,556 … read more
New Delhi (IANS) The Central Bureau of Investigation (CBI) on Thursday registered an FIR against former Deputy General Manager (DGM) of ONGC and others in connection with a forgery case, an official said. The FIR has been lodged against Bijoy … read more
Chennai (IANS) Getting bankruptcy protection, can the Wadia group’s low cost carrier Go Airlines (India) Ltd send its fleet back into the air in two weeks — as it said earlier — is the question that needs to be answered. … read more
Chennai (IANS) With about goods and services tax (GST) evasion amounting to about Rs 2,250 crore by some players in the general insurance industry, a major union in the sector has urged the government and the regulator to cancel licences … read more
Chennai (IANS) Indian Bank closed FY23 with a net profit of Rs 5,281.70 crore and plans to raise about Rs 7,000 crore through equity and bond issues. The bank board on Monday recommended a dividend of Rs. 8.60 per share. … read more
New Delhi (IANS) Global pharma major Lupin Limited on Friday announced that it has entered into a definitive agreement to acquire the entire share capital of French pharmaceutical company, Medisol. Founded in 2011, Medisol specialises in Generics Injectable products and … read more
New Delhi (IANS) The government on Thursday directed the edible oil industry to pass on to consumers, the benefits of low prices, with immediate effect. In a meeting with stakeholders, Food Secretary Sanjeev Chopra said that consumers should get the … read more
