The transaction was facilitated by AI Fleet Services Limited (AIFS), a wholly owned subsidiary of Air India, and a GIFT IFSC-registered finance company, the Tata group airline said in a release.
Shares of Wipro dropped to a three-month low and weighed on other Indian IT companies on Thursday after the country’s fourth-largest IT services provider forecast the slide in IT services revenue would get worse this quarter.
The extraordinary rate meeting came after the rouble plummeted past the 100 threshold against the dollar on Monday, dragged down by the impact of Western sanctions on Russia’s balance of trade and as military spending soars.
The Terms of Reference (ToR) for the 16th Finance Commission (FC) are short but “all-encompassing”, Finance Secretary TV Somanathan said Thursday. Clarifying that the terms are not limited or preliminary, Somanathan said they are shorter than recent commissions but offer greater leeway to stakeholders so that their inputs can be taken into account. He said […]
“For 2024-25, assuming a normal monsoon, and no further exogenous or policy shocks, structural model estimates indicate that inflation will average 4.5 per cent, in a range of 3.8-5.2 per cent,” the RBI said in its Monetary Policy Report for October 2023.
Speaking at a seminar on global economy organised by the Ministry of Finance and the Reserve Bank of India (RBI), Shaktikanta Das said recent experience suggests countries facing financial difficulties go to other bodies beyond the IMF because of “perceived stigma” or lack of access.
The government may soon tweak the production-linked incentive scheme for pharmaceuticals, drones and textiles sectors to encourage investment and boost manufacturing, an official said.
Noting that while it is a popular idea that redistribution is the solution to raising living standards at a large scale, the essay said there were two problems with the approach.
The board of SpiceJet on Wednesday considered options for raising fresh capital.
Domestic passenger vehicle wholesales witnessed a 2 per cent year-on-year rise in June to 3,27,487 units, industry body SIAM said.