Expression of Interest sought for Go Airlines; will Wadia Group bid for it?

Chennai, (IANS) The Resolution Professional for Go Airlines (India) Ltd, Shailendra Ajmera, has called for Expression of Interest (EoI) for the private airlines.

The airline with Rs 4,183 crore revenue (for FY22) belonging to the Wadia Group…

Foxconn withdraws from JV for chip manufacture, Vedanta to go ahead

Bengaluru (IANS) In a major setback to Prime Minister Narendra Modi's plans of making India a chip-manufacturing hub, Taiwanese chip-making giant Foxconn on Monday announced that it has withdrawn from a joint venture with India-based industrial…

Govt to draft rules requiring health, finance influencers to run disclaimers

New Delhi (IANS) Soon the amalgam of health influencers, who give tips on various social media platforms about consuming a particular nutrient or supplement, will have to prove their qualifications and eligibility, to ensure that they are not indulging…

Commerce Minister to visit UK from tomorrow to fast-track FTA negotiations

New Delhi (IANS) Commerce Minister Piyush Goyal is scheduled to visit the UK from July 10-11, to further the free trade agreement (FTA) talks between the two nations.

Goyal will also be meeting with ministers from the European Free Trade Association…

GST council likely to discuss taxation under ONDC during meeting next week

New Delhi (IANS) The Goods and Services Tax (GST) council, which is set to meet on July 11, is likely to give clarity on whether tax collected at source (TCS) should be deducted by the buyer or the e-commerce platform, from whom the product has been…

TRAI floats consultation paper on regulatory mechanism for OTT communication services, selective banning of OTT services

New Delhi (IANS) The Telecom Regulatory Authority of India (TRAI) on Friday released a Consultation Paper on Regulatory Mechanism for Over-The-Top (OTT) Communication Services, and Selective Banning of OTT Services.

It said that the Department…

Flood of FPI flows into India continues

New Delhi (IANS) The flood of FPI flows into India continues with Rs 21,943 crore of inflows (including bulk deals) till 8th of this month, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

If this trend continues,…

Murugappa’s TI Clean Mobility to raise Rs 1,050 crore, roll out 55-tonne truck

Chennai (IANS) Murugappa group’s electric vehicle (EV) arm TI Clean Mobility Private Limited (TICMPL) will roll out 55-tonne truck at its Manesar facility in Haryana and electric tractors out of its plant here, said top officials of parent company…

Forex reserves rise to $595.051 billion

New Delhi (IANS) India's foreign exchange reserves rose by $1.853 billion to $595.051 billion in the week ending June 30.

Foreign currency assets (FCAs) also rose by $2.5 billion to $528 billion, according to the weekly statistical supplement…

RBI issues directions on issuance of debit, credit cards

New Delhi (IANS) The Reserve Bank of India (RBI) on Wednesday issued a draft circular on issuance of debit, credit, and prepaid cards, directing that card issuers shall issue cards across more than one card network and also give an option to customers…