No FEMA violations found so far after ED searches at BYJU'S

New Delhi (IANS) The initial investigation after the recent searches at BYJU'S have so far found no Foreign Exchange Management Act (FEMA) violations by the edtech firm, according to sources.

Sources indicated that the recent searches conducted…

Insolvency petition a ruse for loan write-offs? Major bank union to oppose Go Airlines' write-offs

Chennai (IANS) The All India Bank Employees' Association (AIBEA) will oppose banks writing off a part of their loans to Wadia group's Go Airlines (India) Ltd if the latter has filed a voluntary insolvency petition for that purpose, said a…

Air India to get ready for pilots from Go Airlines

Chennai (IANS) For the pilots of Go Airlines (India) Ltd, it seems their employer is a "no go airline" and the race is on as to who will board the Air India.

Incidentally, Go Airlines' brand is Go First and for the pilots it seems to "get…

Wireless audio solution provider 'Audio Pro' enters Indian market

New Delhi (IANS) Sweden-based wireless audio solution provider Audio Pro has announced its entry into the Indian market and said that it aims to provide outstanding quality products within the audio segment to music enthusiasts in the country.

India's foreign exchange reserves rise to $588.78 billion

New Delhi (IANS) India's foreign exchange reserves increased marginally by $4.53 billion to $588.78 billion during the week ending April 28, according to Reserve Bank of India data released on Friday.

As per the data, India's foreign…

Paytm logs Rs 7,990 cr revenue in FY23, becomes India's highest earning new-age firm

New Delhi (IANS) Leading payments and financial services company Paytm on Friday announced an impressive growth in its fourth quarter of FY23, ending the financial year on a high note.

In Q4 FY23, the company's revenue surged by 51 per…

Apple set quarterly record in India, country at a tipping point: Tim Cook

New Delhi (IANS) Apple set a quarterly record in the January-March period in India and grew very strong, in double digits year-over-year, said Tim Cook, the company's CEO who was in India last month to open the first branded retail stores in Mumbai…

NCLT reserves order on Go First's insolvency plea, crew stranded at various locations as flights suspended

New Delhi (IANS) The National Company Law Tribunal (NCLT) on Thursday reserved its order on the cash-strapped airline Go First's plea seeking voluntary insolvency resolution proceedings.

A two-member bench headed by President, Justice Ramalingam…

Tata Electronics to become a key Apple player after Wistron's iPhone plant acquisition

New Delhi (IANS) As Apple doubles down on local manufacturing in India, Taiwan-based iPhone manufacturer Wistron is reportedly winding up its operations in the country and Tata Electronics is set to take over Wistron's Karnataka factory and manufacture…

India to become 50% non-cash economy in consumption in 3 years

New Delhi (IANS) India is expected to become a 50 per cent non-cash economy in consumption in the next three years, with person-to-merchant digital transactions reaching over $1.5 trillion by FY26, a report showed on Thursday.

India's household…