Around 250 LMT of wheat procured during current Rabi season

New Delhi (IANS) The government has procured 252 lakh metric tonnes (LMT) of wheat so far during the ongoing Rabi marketing season (2023-24).

According to estimates released by the Department of Food and Consumer Affairs, the current wheat…

Fitch Ratings affirms India's Long Term Foreign Currency Issuer Default Rating

Chennai (IANS) India's robust growth outlook, resilient external finances, higher gross domestic product (GDP) growth, improving financial sector and other factors enabled Fitch Ratings to affirm the country's Long Term Foreign Currency Issuer…

Overall connected vehicle tech grows 60% in India in Q1

New Delhi (IANS) India's overall connected vehicle (CV) technology grew more than 60 per cent (on-year) in the first quarter of this year, with the electric vehicle (EV) market showing stupendous growth by 48 per cent YoY, a report showed on Tuesday.

Cancel licences of tax evading insurers: GIEAIA

Chennai (IANS) With about goods and services tax (GST) evasion amounting to about Rs 2,250 crore by some players in the general insurance industry, a major union in the sector has urged the government and the regulator to cancel licences of such entities.

Bengaluru-based VC firm 3one4 Capital raises Rs 1,600 cr in new fund

Bengaluru (IANS) Bengaluru-based early stage venture capital firm, 3one4 Capital on Monday said it has closed its fourth early-stage fund (sixth fund overall) at $200 million (about Rs 1,600 crore).
The fund was vastly oversubscribed within a…

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…

Go Airlines to evaluate legal options to attach Pratt & Whitney India assets: CEO

Chennai (IANS) The Wadia group's low cost airline Go Airlines (India) Limited will look at all legal options, including that of freezing/attaching the Indian assets of the US-based aircraft engine maker Pratt & Whitney, said a top airline official.

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.

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…

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…