Domestic air passenger traffic is likely to grow 8-13 per cent in the current fiscal and the aviation industry is also expected to trim the losses further, credit rating agency Icra said on Thursday.
The National Company Law Tribunal On May 10 placed a moratorium on the Wadia group airline’s financial obligations and recovery of aircraft by lessors.
Ajay Banga, just 130 days into the job, has a mandate to broaden the multilateral development lender’s mission to tackle global crises including climate change, pandemics and fragile states.
Bajaj Allianz General Insurance has outbid Oriental Insurance Company (OIC) to win the mandate for Gujarat and Reliance General Insurance (RGI) has pushed out National Insurance Company (NIC) for Meghalaya in the competitive bidding.
On the domestic equity market front, the BSE Sensex was trading 40.84 points or 0.06 per cent lower at 65,976.97, while the broader NSE Nifty fell 2.75 points or 0.01 per cent to 19,799.25.
Describing India as a “major focus” for Apple, CEO Tim Cook has said the tech giant has a “low share” in the country’s large market and there is a “lot of headroom” and “positives” there for the company.
Fincare Small Finance Bank started its operation on July 21, 2017. Its profit after tax stood at Rs 219 crore as of September-end.
Sony Corporation issued a notice terminating the definitive agreements entered into by SPNI and ZEEL relating to the $10 billion merger, which was previously announced on December 22, 2021. While Sony cited the delay in the merger, there were conflicting views about the leadership of the combined entity by Zee’s MD & CEO Punit Goenka.
TCS is expecting some generative artificial intelligence- (AI) based deals in the next two quarters, but their sizes will not be big, its top official said.
With Wednesday’s decision, a 14.2-kg domestic LPG cylinder in Delhi will effectively cost Rs 603 for PMUY beneficiaries, while for other domestic consumers, it will continue to be priced at Rs 903.