BUSINESS
IndiGo to levy fuel charge on domestic, international routes from Friday
Private carrier IndiGo is introducing a fuel charge on domestic and international routes from Friday, an official said on Thursday.
Nudge Theory used by Modi govt to push economy: Sitharaman
The theory is being used as a tool to promote economic activity tailored to India's requirements, she said while addressing the annual day function of Shri Ram College of Commerce (SRCC).
Oyo in talks with 'multiple firms' to refinance its $660mn loan
The move by Oravel Stays Pvt Ltd, the parent company of Oyo, is to reduce debt and scout for "cheaper financing options" in order to save more, sources told IANS.
India, UAE enter pact for RuPay usage
The AEP is an indirect subsidiary of the Central Bank of UAE (CBUAE).
Bajaj Finance going for Rs 10K crore fundraise
The NBFC plans to raise up to Rs 8,800 crore through a qualified institutional placement of shares, and another Rs 1,200 crore by issuing warrants convertible into shares to Bajaj Finserv.
India’s services sector growth surges to 13-yr high in Sep: S&P survey
The seasonally adjusted S&P Global India Services PMI Business Activity Index rose from 60.1 in August to 61.0 in September, signalling a sharp upturn in output that was one of the strongest in over 13 years.
MobiKwik reports 52% revenue growth in Q2 FY24, logs strong H1 performance
The revenues for the July-September quarter stood at Rs 208 crore, a growth of 17 per cent over the previous quarter in the same fiscal, with a profit after tax (PAT) of Rs 5 crore.
Industry groups hit back on telco’s demands to regulate, charge OTTs
The TRAI proposal on selective banning of OTT or Internet services has resulted in a fierce debate among the industry bodies, internet companies and startup founders.
Adani Group: Too big to fail
Focused on sustainable and long-term value creation, the Group continues to work with the twin objectives of further deleveraging and looking at opportunities to expand and grow. The Group’s core strength lies in mega-scale infrastructure project execution capabilities and infrastructure is increasingly becoming central to India’s growth.
Indian Overseas Bank saw its market capitalization nearly double during July-Sep quarter
A 91.60 per cent gain propelled the state-owned lender to the eighth place in the top 20 Indian banks by market capitalization as of September 30, from rank 14 three months ago.
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