Go First cancels all flights on May 3-4 amid financial crunch

New Delhi (IANS) In a major blow to its passengers, low-cost airline Go First has announced that all its flights will remain cancelled on May 3-4. The decision was communicated to the Directorate General of Civil Aviation (DGCA) by the airlines and…

IIHL receives Rs 50,000 cr financial offers from overseas lenders for Reliance Capital acquisition

Mumbai (IANS) The Hinduja Group arm, IndusInd International Holding Ltd. (IIHL), which emerged the highest bidder for Reliance Capital in the recently concluded auction, is firmly in the driver's seat as the company has already received Rs 50,000…

Market setup points to further rally

It was the expiry week and surprisingly it was all smooth sailing. Markets gained on all the five days with Monday and Friday contributing the bulk of the gains. Friday was a special day as it was the first day of the May futures series and stocks…

Remitted money for overseas acquisitions, cross-border transactions duly vetted: Byju Raveendran

New Delhi (IANS) Byju Raveendran, Founder and CEO of ed-tech major BYJU's, has written a letter to his employees, accessed by IANS, saying that in order to fund overseas acquisitions, the company has remitted "some of its funding" abroad, as it…

Global markets turn cautious again amid concerns of banking crisis

New Delhi (IANS) Global economy was once again beginning to stare at the possibility of economic slowdown as fears re-emerged over the possibility of economic recession in the US owing to another banking crisis, a research note by Jahnavi Prabhakar,…

India's foreign exchange reserves fall to $584.24 billion

New Delhi (IANS) India's foreign exchange reserves fell by $2.164 billion to $584.248 billion for the week ending April 21, according to data released by the Reserve Bank of India (RBI) on Friday.

In the previous reporting week, the overall…

ED raids BYJU's; claims it remitted Rs 9754 cr to foreign jurisdictions

New Delhi (IANS) The Enforcement Directorate (ED) has conducted search and seizure operations at three premises of Raveendaran Byju and his company 'Think & Learn Private Limited' in Bengaluru under the provisions of Foreign Exchange Management…

Swiggy begins charging Rs 2 'platform fee' per food order from users

New Delhi (IANS) Online food delivery platform Swiggy has started charging all users a "platform fee" of Rs 2 per food order, irrespective of the cart value.

The company told IANS that the additional charges are being levied only on food orders…

Core industries index rises 3.6% in March

New Delhi (IANS) The combined index of eight core industries (ICI) increased by 3.6 per cent in March 2023 over the corresponding period of last year.

The production of coal, fertilisers, steel, natural gas and refinery products increased in…

Tech Mahindra posts lower net for FY23

Chennai (IANS) Information technology player Tech Mahindra Ltd closed FY23 with its net profit lower by about 13 per cent over FY22.

According to the company, for FY23, it had earned a revenue of Rs 53,290 crore (FY22 Rs 44,646 crore) and a…