Centre asks Vodafone Idea to convert Rs 16,000 dues into equity

New Delhi (IANS) Financially-stressed telecom company Vodafone Idea said on Friday that the government has directed it to convert a portion of its dues worth Rs 16,000 crore it owes to the exchequer into equity in the government's favour.

Leading the 'green agenda'

New Delhi (IANS) All over the world, active work is being conducted to protect and preserve our planet. However, the relevance of this issue continues to grow each year. To combat this, it is paramount that we take significant steps to reduce the…

UPI-based transactions hit record 8.03 bn in Jan at Rs 13 tn in value

New Delhi (IANS) The Unified Payments Interface (UPI)-based transactions hit 8.03 billion in January, a substantial increase from the 7.82 billion transactions recorded in December 2022.

According to the data by the National Payments Corporation…

No immediate impact on credit ratings of Adani Group: Fitch Ratings

Chennai (IANS) Global credit rating agency Fitch Ratings on Friday said there is no immediate impact on its ratings of Adani Group entities and their securities following a "short-seller report" alleging malpractices.

Fitch Ratings also said…

Portion of Adani Group's capex is deferrable: Moody's

Chennai (IANS) Global credit rating agency Moody's Investors Service on Friday said a portion of Adani Group's planned capital expenditure is deferrable.

Moody's also said the adverse developments relating to the Adani Group - rapid…

IndiGo reports net profit of Rs 1,422 crore in Q3

New Delhi (IANS) IndiGo airline reported a profit of Rs 20,091 million excluding foreign exchange loss for the quarter ending December 2022. The airline reported a net profit for the quarter aggregated to Rs 1,422 crore including foreign exchange…

Amid Adani group row, RBI says banking sector remains resilient

New Delhi (IANS) Amid doubts being raised over state-owned banks' exposure to Adani group, the Reserve Bank of India (RBI) on Friday said that "the banking sector remains resilient and stable".

"There have been media reports expressing…

Job growth in Indian IT sector slumps 25% amid layoffs

New Delhi (IANS) Due to corrections in hiring in the IT industry, job growth in the Indian IT sector has declined by 25 per cent this year as compared to last year, a report showed on Thursday.

The hiring intent declined across both large IT…

Adani Enterprises withdraws RHP, cancels agreements with several parties

Chennai (IANS) The Adani Enterprises Ltd -- the flagship company of the Adani Group -- on Thursday said it is withdrawing the Red Herring Prospectus (RHP) filed with the Registrar of Companies (RoC) Gujarat.

The move is a follow up to the company's…

BYJU's slashes around 15% roles, mostly in engineering, as phased layoffs on

New Delhi (IANS) Edtech major BYJU's has laid off further 15 per cent of its employees from its engineering teams, as the company continues phased layoffs to remain growth-oriented in global economic meltdown.

According to sources, the…