BUSINESS
Go First passengers create ruckus at Patna airport over suspension of flights
Go First operates five daily flights to Delhi, Mumbai and Bengaluru from the Patna airport, which were all cancelled on Wednesday. Besides Patna, the airline also operates daily flights to Delhi, Bengaluru and Mumbai from the Ranchi airport which were also cancelled on Wednesday, and the flights will remain suspended till May 5.
Infra, investment, innovation & inclusivity key elements for long-term growth: Sitharaman
She said this while participating in the 'Governors' Seminar: Policies to Support Asia's Rebound', which was held as part of the 56th Asian Development Bank annual meeting in Incheon, South Korea. Sitharaman stated that protection of vulnerable sections has been India's prime focus as the government has charted its course towards recovery from the Covid-19 pandemic.
Achieving net zero target by 2070 would need reduction in energy intensity: RBI report
It further said that India's green financing requirement is estimated to be at least 2.5 per cent of GDP annually till 2030, adding that a balanced policy intervention with progress ensured across all policy levers, will enable India to achieve its green transition targets by 2030, thus making the net zero goal by 2070 attainable.
Axis Bank says no exposure to Go Airlines; other lenders to be affected
However, private lender Axis Bank said on Wednesday in a regulatory filing that it has no funded or non-funded exposure to the financially-troubled Go Airlines. According to reports, banks like Bank of Baroda, IDBI Bank, and Central Bank of India have exposure to the private airline.
MobiKwik's revenue grows to Rs 560 cr in FY23, gears up for 2X growth
The company's contribution margin rose to Rs 169.5 crore in FY23 as compared to Rs 42 crore in FY22, nearly 304 per cent year-on-year growth. Fifty per cent of the company's revenue came from the distribution of digital credit products, and the rest came from its payments business.
Global edtech firms' shares tumble after Chegg's warning over ChatGPT
While Chegg's shares plunged by half, London-listed Pearson's stock fell about 15 per cent, language-learning platform Duolingo's stock went down by 10 per cent and US-listed education company Udemy dropped by more than 5 per cent on Tuesday, reports The Financial Times.
India's coal production rises 15% to 893 mn tonnes in 2022-23
Government aims to enhance production to 1,012 million tonnes in the current fiscal. In the last five years, the output of Coal India Limited (CIL) has increased by 703.21 million tonnes as compared to 606.89 million tonnes in 2018-2019 with a growth of 15.9 per cent, official data said.
Top Portfolio Management Services for Small Business Owners
Several portfolio management services are available to small business owners that can help you stay on top of your finances and make smart investment decisions. Here are some of the top portfolio management services for small business owners.
Disbursed over Rs 31 cr in claims to delivery partners in FY22-23: Swiggy
They receive comprehensive insurance coverage, including accidental medical coverage, maternity leave, and income support during accident recovery. The company has been providing insurance to its delivery partners since 2015.
Promising startups still have reason to cheer amid funding winter
A total of 4,143 VC funding deals with disclosed funding value were announced globally in Q1 2023, which is a decline of 42.1 per cent compared to the 7,158 announced deals during Q1 2022, according to GlobalData. The number of low-value VC deals (investment less than or equal to $10 million) announced globally witnessed a decline of 36.9 per cent from 4,685 in Q1 2022 to 2,954 in Q1 2023.
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