Arbitration tribunal’s decision credit positive for Delhi International Airport: Moody’s
New Delhi, Jan 8 - The arbitral tribunal’s decision to excuse the Delhi International Airport Ltd from its revenue share obligations during the pandemic period is credit positive, as the airport may otherwise require additional debt to make an immediate full payment, Moody’s
Rs 10 lakh cr taking mutual funds AUM from Rs 40 lakh cr to Rs 50 lakh cr amassed in just over a year
New Delhi, Jan 8 - In a significant testimony to the robust growth and resilience of the Indian mutual fund industry, the Association of Mutual Funds in India (AMFI) announced surpassing Rs 50 lakh crore of assets undermManagement (AUM), a remarkable milestone achieved
Fintech unicorn Incred logs Rs 109 cr profit in FY23, revenue up over 77%
New Delhi, Jan 8 - Amid the ongoing startup gloom comes good news in fintech unicorn Incred which has posted Rs 109 crore in profit in FY23 as compared to Rs 31 crore in FY22, a more than 3.5 times growth.
Adani Group to invest Rs 42,768 crore in Tamil Nadu
Chennai, Jan 8 - The multi-business Adani Group has decided to invest a whopping Rs 42,768 crore in Tamil Nadu in renewable energy, cement manufacturing, data centre, city gas distribution and generate 10,300 employment opportunities.
Sony planning to call off the merger pact with Zee
New Delhi, Jan 8 - Sony Group Corp is planning to call off the merger pact of its India unit with Zee Entertainment Enterprises, capping two years of drama and delay in creating a $10 billion media giant, said people familiar with the
Maximum flight time in night restricted to 8 hours,says DGCA in amended flight duty regulations
New Delhi, Jan 8 - The Directorate General of Civil Aviation (DGCA) has made significant changes in the regulations pertaining to Flight Duty Time Limitations (FDTL) for flight crew, in line with the international best practices, said an official on Monday.
Flipkart may reduce workforce by up to 7%, affecting 1,500 employees
New Delhi, Jan 8 - E-commerce major Flipkart is reportedly planning to reduce its workforce by 5-7 per cent in early 2024 that may affect nearly 1,500 employees. The Walmart-owned company currently has around 22,000 employees.
Google announces 2nd cohort of GNI Startups Lab India
New Delhi, Jan 8 - Google on Monday announced the second cohort of the GNI Startups Lab -- a 12-week catalyst programme that aims to help the next generation, independent, early-stage Indian news startups achieve financial and operational sustainability.
India’s farm exports to exceed $53 bn in 2023-24: Piyush Goyal
New Delhi, Jan 8 - India's agricultural exports in 2023-24 will exceed last year’s level of $53 billion despite the restrictions imposed on overseas shipments of some commodities, Commerce and Industry Minister Piyush Goyal said on Monday.
Over 30 Boeing 737 Max 8 with Indian operators inspected, no adverse findings: DGCA
New Delhi, Jan 8 - The Directorate General of Civil Aviation (DGCA) on Monday said that checks and inspection of the Boeing 737 Max 8 aircraft by Indian operators have been satisfactorily performed on the fleet, with no adverse findings.
EaseMy Trip suspends all flight bookings for Maldives
New Delhi, Jan 8 - Amid the online boycott Maldives campaign, EaseMyTrip, headquartered in the national capital, has opted to halt all flight bookings to the Maldives.
ACC strengthens market leadership with acquisition of Asian Concretes and Cements at enterprise value of Rs 775 cr
New Delhi, Jan 8 - ACC Limited, subsidiary of Ambuja Cements Limited and a leading entity in the cement and building materials sector, currently holds 45 per cent stake in Asian Concretes and Cements Private Limited (ACCPL).
Hyundai Motor India to invest another Rs 6,180 cr in TN
Chennai, Jan 8 - Hyundai Motor India Limited (HMIL) on Monday said it will invest another Rs. 6,180 crore in Tamil Nadu apart from the earlier announced Rs 20,000 crore investment for electric vehicle and others between 2023-2032.
IPO-bound FirstCry’s CEO offloads shares worth Rs 300 cr: Report
New Delhi, Jan 8 - Supam Maheshwari, Co-Founder and CEO of mother and child care e-commerce platform FirstCry has reportedly offloaded 6.2 million shares prior to filing for the company’s initial public offer (IPO).
Qualcomm to open new design centre in India, to generate 1,600 jobs
New Delhi, Jan 7 - Chip-maker Qualcomm on Sunday announced a significant expansion in Chennai with a new facility for their design centre, allocating a proposed investment of Rs 177.27 crore, that is likely to generate 1,600 jobs.
ONGC starts producing oil from deep-sea KG basin
New Delhi, Jan 8 - Oil and Natural Gas Corporation (ONGC) has started oil production from its Krishna Godavari (KG) basin deep-sea project in Bay of Bengal, which will enable India to reverse the decline in the domestic output that has taken place
Adani Electricity notched high-powered show in 2023; energises for 2024
Mumbai, Jan6 - The Adani Electricity Mumbai Ltd (AEML) recorded a high-voltage performance in 2023 and is looking forward to an energetic show even in 2024, officials said here on Saturday.
India’s Metro network to become world’s 2nd largest, leaving US behind
New Delhi, Jan 7 - India’s metro network is expanding at an unprecedented pace and is likely to surpass that of the US in the next couple of years to become the second largest in the world.
Looking Beyond 5G: India takes the leap forward to explore 6G comms
New Delhi, Jan 7 - While India has just achieved the world’s fastest 5G rollout, the country is also playing a key role in the global telecom sector in initiating strides towards creating 6G or sixth generation communication technology as the next big
Reliance Industries to invest in renewable energy, green hydrogen in TN
Chennai, Jan 7 - Reliance Industries Ltd has decided to make new investments in renewable energy and green hydrogen in Tamil Nadu, said its Chairman and Managing Director Mukesh D. Ambani.