CATEGORIES

Big relief for cash-strapped highway developers

'Finmin nod to convert bank guarantees to surety bonds'

GDP growth likely to cross 7% in FY23: Das

Not just pent-up demand, momentum maintained in Q4

Adani's $3-bn raise may see marquee investors

THE ADANI GROUP'S plans to raise funds may not face any hurdle as a clutch of marquee investors, both foreign and domestic, have shown interest.

DGCA to first check if Go is flight-ready

AVIATION REGULATOR DGCA will conduct an audit of Go First's preparedness before giving a go-ahead to the ailing carrier to resume operations, Rajit Ranjan, the airline's head of operations, said in a communication to the staff.

ZestMoney plans to be profitable in 6 months

ZESTMONEY IS ON track to hit profitability within 3-6 months and will raise funds through an internal round from existing investors in the next few weeks, a top executive said.

New battery firm to charge up Tata EVs

TATA GROUP HAS stepped up its ambitions in the electric vehicle (EV) space with the formation of a new company that will make batteries and cells.

Hiring pause at law firms amid signs of slowdown

OVERHIRING, LOWER ATTRITION WEIGH ON TALENT HUNT

India-Australia ties built on mutual trust, respect: PM

INDIA'S VISION FOR global governance is guided by the credo \"sabka saath, sabka vikas, sabka vishwas, sabka prayaas\", Prime Minister Narendra Modi said Tuesday, addressing the diaspora at a public event in Sydney where he underlined \"mutual trust and respect\" as the defining characteristic of India's \"deepening\" ties with Australia.

Palm oil imports likely to fall to 27-month low

MAY ESTIMATES

Auto, FMCGs gain big in FPI basket; pharma reverses trend

FOREIGN INVESTORS PORTFOLIO (FPIs) remained bullish on financial services, with automobile, oil & gas, and fast-moving consumer goods (FMCG) being other sectors where foreign investors are increasing their exposure, NSDL data have showed.

Microsoft to add Bing search to ChatGPT

MICROSOFT IS BRINGING its Bing search engine to OpenAI's ChatGPT, further tightening ties with the artificial intelligence startup in a bid to challenge Google.

Sunak warns against 'blanket' protectionism to counter China

RISHI SUNAK WARNED against Group of Seven nations descending into \"blanket\" protectionism in an effort to tackle China's economic threat.

Biden, McCarthy debt ceiling meeting ends without deal

First one-on-one talks in months are 'productive'

Dish TV CEO Anil Dua quits as EGM nears

ANIL KUMAR DUA, chief executive officer, Dish TV, on Tuesday stepped down from his position, the direct-to-home (DTH) operator said in an exchange filing, coming just ahead of the company's extraordinary general meeting (EGM) slated for June 9.

SpiceJet to bring four grounded planes back in service by June 15

BUDGET AIRLINE SPICEJET on Tuesday said that it plans to bring four grounded aircraft back into service by June 15, following which more such aircraft are expected to become operational in the following weeks.

IT giants in rush to launch solutions on Generative AI

INDIAN INFORMATION TECHNOLOGY companies have started launching their own solutions on Generative AI, partnering with cloud service providers. In a span of two days, three of the top four IT service companies - TCS, Infosys and Wipro - have launched their solutions on Generative AI.

Meesho cuts cash burn by 90%

BENGALURU-BASED E-COMMERCE company, Meesho has reduced its cash burn by 90% in the last one year. The move is in line with the company's aim to become earnings before interest, taxes, depreciation and amortization (Ebitda) positive by the end of this year.

Ashok Leyland posts 17% drop in profit, plans ₹750-cr FY24 capex

The revenue for March quarter rose 33% to ₹11,626 crore

Flexi staffing sector grows 14% in FY23

IT industry witnesses 7.7% contraction in flexi jobs

OMCs' high marketing margins may not stay for long: Analysts

WHILE ROBUST FOURTH quarter results helped the state-run petroleum refiners narrow the decline in their full-year FY23 profits, analysts believe the marketing margins may not be sustainable for long, given the likely mounting pressure to cut retail fuel prices.

Boeing representatives meet FM

AMID A NUDGE from the government to set up final assembly lines (FAL) in India, US aerospace firm Boeing's senior leadership team, led by its country president Salil Gupte, met finance minister Nirmala Sitharaman on Tuesday.

Govt imposes curbs on cough syrup exports

Testing of samples at approved labs mandatory

Govt rules out increase in edible oil import duty

Wants to protect domestic refining

GDP crosses $3.5 trn; bureaucracy could hamper FDI: Moody's

Cautions against 'limited economic liberalisation'

E-commerce to get tax refunds on par with other exports: DGFT

To ensure benefit reaches producer-seller, not the platform

Swift rise in Maruti Suzuki's royalty payments to parent

PAYOUT SOARS 40% IN FY23 ON THE BACK OF ROBUST SALES

Life insurers rejig sales to beat tax on high-value policies

LIFE INSURANCE COMPANIES are looking at new avenues and strategies to tide over the new provision to tax income from annual premium investments of over ₹5 lakh in traditional cover policies.

Limited queues, some confusion

DAY 1 OF ₹2,000 NOTE EXCHANGE

GQG's Jain raises Adani stake by 10% to $3.5 bn

VETERAN INVESTOR RAJIV Jain's GQG Partners LLC has raised its stake in Adani Group by about 10% and will take part in its future fundraising, doubling down on what he calls \"the best infrastructure assets available in India\".

Go First has no flight path yet

Tells DGCA working on restructuring first