Mumbai: India’s foreign exchange reserves jumped USD 4.532 billion to USD 588.78 billion for the week ended April 28, the Reserve Bank of India said on Friday. The overall reserves had dropped USD 2.164 billion to USD 584.248 billion in the previous reporting week. In October 2021, the country’s forex reserves had touched an all-time high…
(Our Businness Correspondent) Panjim (Goa): The Telangana Government has increased the selling price of Liquor products by the Distilleries to the Government and as well decreased the Consumer price…Good News for Tipplers Ahoy! With the latest price reduction announced by the Telangana Government, the Three Monkeys Indian single-malt is an absolute bang for your buck! Rare…
New Delhi: The Enforcement Directorate on Thursday said it has frozen assets worth Rs 143 crore of prominent Kerala-based NBFC Manappuram Finance Ltd’s MD and CEO V P Nandakumar after it conducted raids as part of a money laundering investigation. A total of six premises in Thrissur, where the company is headquartered, were covered during the…
New Delhi: Commerce and industry minister Piyush Goyal on Thursday said he wants to see a greater presence of US-based Boeing in India as the American firm has recently received a large order of planes from Tata Group-owned Air India. In February, in one of the largest aircraft orders by an airline, Air India announced it…
New Delhi: The National Company Law Tribunal (NCLT) on Thursday reserved its order on crisis-hit airline Go First’s plea seeking voluntary insolvency resolution proceedings. A two-member bench headed by President Justice Ramalingam Sudhakar concluded the day-long hearing during which the Wadia group-controlled airline sought initiation of insolvency resolution proceedings and an interim moratorium on its…
New Delhi: Ola Electric and Ather Energy on Thursday said they will reimburse the cost of chargers to buyers of electric scooters in the larger interest of the EV ecosystem. In a statement on Twitter, Ola said the electric vehicle industry has witnessed unprecedented success in the last couple of years despite attempts from vested interest…
Mumbai: Equity benchmark indices ended nearly 1 per cent higher on Thursday amid continuous foreign fund inflows and buying in index majors HDFC twins and Reliance Industries. The 30-share BSE Sensex climbed 555.95 points or 0.91 per cent to settle at 61,749.25. During the day, it rallied 604.61 points or 0.98 per cent to 61,797.91. The…
Incheon: Finance minister Nirmala Sitharaman on Thursday exuded confidence that the incoming World Bank President Ajay Banga will utilise his corporate world experience in pursuing the goals of the multilateral lending agency. Banga, 63, will take over as the President of the World Bank on June 2. He will succeed President David Malpass. “Hearty congratulations Ajay…
New Delhi: A small Ahmedabad-based chartered accountancy firm, whose appointment was questioned by a US short seller in its scathing report against the conglomerate run by billionaire Gautam Adani, has resigned due to “pre-occupation”, Adani Total Gas Ltd said. Hindenburg Research in its January 24 report that levelled allegations of fraud, stock manipulation and money laundering…
New Delhi/ Mumbai: One scheduled airline on an average has gone out of business every year since private airlines took to the skies nearly three decades ago, with Wadia group-owned Go First being the latest carrier battling financial turbulence for survival. The first private airline to go belly up was East West Travels & Trade Link…
