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…

Budget's focus on inclusive growth, says FM Sitharaman

New Delhi (IANS) Finance minister Nirmala Sitharaman has said that the economic agenda for the government's vision focuses on facilitating opportunities for citizens, providing strong impetus to growth and job creation as well as strengthening…

Union Budget 2023-24: Domestic manufacturing gets push, customs duty on kitchen chimney, toys hiked

New Delhi (IANS) With aim to promote domestic manufacturing, Union Finance Minister Niramala Sitharaman, in Budget 2023-24, provided relief in customs duty on import of certain parts and inputs like camera lens and lithium-ion cells for batteries…

Indian economy remains a 'bright spot', says IMF

Washington (IANS) India's economy has retained the crown of "a bright spot" in the International Monetary Fund's latest World Economic Outlook report released on Monday and it is slated to account for half of the global growth in 2023, compared…

Combined index of eight core industries rose 7.4% in Dec 2022

New Delhi (IANS) The combined index of eight core industries rose to 7.4 per cent in December 2022 against 4.1 per cent in the corresponding month of 2021, according to official data released on Tuesday.

In April-December 2022, the core industries'…

India one of the fastest-growing insurance markets in the world: Eco Survey

New Delhi (IANS) India is one of the fastest-growing insurance markets in the world and is expected to emerge as one of the top six insurance markets by 2032, according to the Economic Survey 2022-23 that was presented in the Parliament on Tuesday.