New Delhi: The National Company Law Appellate Tribunal (NCLAT) on Monday upheld insolvency resolution proceedings against crisis-hit airline Go First, derailing aircraft lessors’ efforts to take back their planes from the struggling Wadia group firm. A two-member NCLAT bench directed aircraft lessors and the Interim Resolution Professional (IRP) of the Wadia group firm to approach…
Mumbai: India’s growth in the April-June quarter is expected to be driven by private consumption, supported by reviving rural demand, and renewed buoyancy in manufacturing, a Reserve Bank article said on Monday. The global economy is transfixed in the cross-currents of slowing growth and high inflation, and an uneasy calm prevails in the global financial markets…
New Delhi,: Airports Authority of India (AAI) is back in the black, raking in a profit of Rs 3,400 crore in the fiscal ended March as surging domestic air traffic boosted its financial performance, according to a source. AAI has reported a profit for the first time after the coronavirus pandemic that had significantly impacted…
London: Prime Minister Narendra Modi and his British counterpart Rishi Sunak on Sunday reviewed the progress of the ongoing free trade agreement (FTA) negotiations and agreed for their trade teams to continue at pace towards an “ambitious” deal, Downing Street said. Modi and Sunak met on the sidelines of the summit of the G7 advanced economies…
Hiroshima: Prime Minister Narendra Modi said on Sunday said he views the current situation in Ukraine as an issue of humanity and human values and not of politics or economy even as he called for respecting international law, sovereignty and territorial integrity of all nations. In an address at a G7 session in Hiroshima, Modi also…
Panjim: Big B is one of the onshore casinos in Goa situated in the serene Arpora, a 5-star hotel resort-Rio. Known for its elegant world-class gaming, it promises to keep you engaged for hours with games like Roulette, Baccarat, Mini Flush, Black Jack, etc. Indulge in a fine dining experience, at the casino restaurant and…
Hiroshima: Prime Minister Narendra Modi and South Korean President Yoon Suk Yeol on Saturday reviewed the progress in the bilateral strategic partnership and agreed to deepen cooperation in areas like trade and investment, defence, semiconductors and cutting-edge technologies. The two leaders held productive bilateral talks on the sidelines of the summit of the Group of…
New Delhi: Withdrawal of Rs 2,000 currency notes is a ‘non-event’ and will have zero impact on the economy and monetary policy, former finance secretary Subhash Chandra Garg said on Saturday. The higher denomination currency note of Rs 2,000, he said, was pressed into service at the time of demonetisation in 2016 for ‘accidental reasons’ to…
New Delhi: India’s largest lender SBI was quite slow in procuring goods and services from government-owned GeM portal in 2022-23 and lagged behind smaller counterparts, including Canara Bank and Punjab National Bank, according to the government data. Canara Bank emerged as the largest buyer among the state-owned lenders in 2022-23, making total purchases of Rs 592.82…
New Delhi: Capital markets regulator Sebi on Tuesday proposed to reduce the time taken for the listing of shares on stock exchanges after the closure of initial public offerings (IPOs) to three days from six days at present. The proposed reduction in timelines for listing and trading of shares will benefit both issuers as well…
