Banking

GoAir To Add Over 100 New Flights In Domestic Network From Sept 5

The airline also said it expects the capacity to reach 45% of the pre-Covid-19 level by September 21 and by October 15 ... Read more

India's Metal Sector Severely Hit By Covid-19; To See Slow Recovery: Report

According to the report, a severe dent in domestic demand for metals is anticipated and it will take until at least 2022... Read more

KfW IPEX-Bank Offers Loan Of 10 Mn Euros To Srei Equipment Finance

The borrower, SEFL, was set up in 2008 to pool orders from individual Indian construction companies and make the newly o... Read more

OYO India Offers Voluntary Separation Or Leave Extension To Employees

Post-unlock, the company started tracking to 30 per cent of pre-Covid-19 occupancy levels, OYO India said in a statement Read more

Auto Industry Not In Position To Make Investments For New Norms: SIAM

SIAM also noted that government support was required to pursue the targets set under the Automotive Mission Plan 2026 (A... Read more

Localised Lockdown Impacting ITC's Recovery Pace, Outlook Uncertain: Puri

ITC would respond with agility to strengthen its market standing while sharply focusing on cost reduction measures, Puri... Read more

ITC Accelerates Digitisation To Enhance Operational Effectiveness: Puri

Diversified business entity ITC has accelerated digital transformation under the company's future-ready strategy to enha... Read more

Fitch Places Future Retail On Rating Watch Positive On Sale To Reliance

Fitch Ratings has placed FRL's issuer default rating of C and the rating on its 500 million dollars 5.6% senior secured ... Read more

Larsen And Toubro Bags Significant Contract By Ministry Of Defence

The defence arm of Larsen & Toubro has been awarded a significant contract by the Ministry of Defence for the supp... Read more

Covid-19 Impact: IndiGo May Shelve Approved QIP Plan If Air Travel Picks Up

QIP is a capital-raising tool through which listed companies can sell shares, fully and partly convertible debentures, o... Read more

Vodafone's India Unit Plans $1.5 Billion Fundraising Including Share Sales

The telecom operator is working to identify potential investors in the US, the people said Read more

Paytm FY20 Revenue Rises To Rs 3,629 Crore On Increased Transactions

Paytm said its revenue for fiscal year ended March 31, increased to Rs 3,629 crore supported by increase in number of tr... Read more

Silver Lake In Talks To Take $1 Billion Stake In Reliance Retail: Report

Reliance, an oil-to-telecoms conglomerate controlled by India's richest man, Mukesh Ambani, is pitching its retail busin... Read more

Infosys Buys US Product Design Firm Kaleidoscope Innovation For $42 Million

Infosys announced it has acquired product design firm Kaleidoscope Innovation for $42 mn to expand its engineering servi... Read more

Facebook Bans BJP Politician Raja Singh For His Post Containing Hate Speech

According to sources, the decision to remove Singh from the platform was taken after an extensive process Read more