In this issue

May 10, 2023

HC upholds tribunal verdict favouring RIL in gas sale case

The Delhi High Court (HC) on Tuesday dismissed the Centre's petition accusing Reliance Industries (RIL) and its partners of draining gas from their deposits and making a profit off it.

2 mins

IT capital 'losing'young voters: 22% decline in 20-29 age group

Double-digit fall in as many as 13 districts; migration is partly to blame, say experts

3 mins

India best destination: Vaishnaw to chip firms

Over three days, he will showcase India as a manufacturing hub

2 mins

₹900 cr stuck': Travel agents seek govt help

GO FIRST INSOLVENCY CRISIS

1 min

Most A-I pilot unions may not accept new contracts

Members of Air India's two pilot unions held a joint meeting on Tuesday to discuss the airline's revised compensation structure, and a large section of them remained firm on their stance of not signing the new contracts, according to a source.

1 min

Select Microsoft Users To Get Peek Into Al 'Game Changer For Office Work

Drafting elaborate plans, fetching the best images for your PowerPoint presentation, or summarising meetings - all of this will soon become possible with just a simple prompt, thanks to artificial intelligence (AI).

2 mins

Byju's may soon raise $1bn from ADQ, Oaktree

Edtech giant Byju's may soon raise $1 billion in a mix of equity and structured instruments at its current valuation of $22 billion from ADQ, and Oaktree, others, among according to the people familiar with the matter.

1 min

Tata group, IndiGo hold talks to snap up planes, airport slots of Go First

India's biggest conglomerate and largest airline are in talks to take Airbus SE planes from Go First after the carrier filed for insolvency protection and was ordered to stop selling tickets.

1 min

NCLT withholds Embassy firms' merger with Indiabulls Real Estate

The National Company Law Tribunal (NCLT), Chandigarh Bench, has withheld the merger of realty firm Embassy Group's certain residential and commercial projects with Indiabulls Real Estate - a development that resulted in a steep 20 per cent fall in the shares of the Indiabulls group firm.

1 min

Grene Robotics enhances anti-drone capabilities

In 2021, a small Hyderabad-based firm, Grene Robotics, introduced the Indrajaal, which it billed as the world's only comprehensive, autonomous, anti-drone security system.

1 min

Adani Ports to pre-pay $130-mn debt

The Adani group on Tuesday said it will prepay $130 million of debt as it looks to boost investor confidence after being targeted by US short-seller Hindenburg Research.

1 min

Govt, industry meet to focus on trade margin rationalisation of drugs

Key issues on drug pricing, including trade margin rationalisation (TMR), are likely to be discussed in the day-long meeting between various central government departments and the industry on May 16.

2 mins

Fitch says India's growth prospects have brightened

Rating agency says robust growth outlook offset by weak public finances

2 mins

Pvt banks' net falls 10%

Private banks reported a robust profile with healthy growth in net interest income (NII), credit offtake and reduction in provision burden for the quarter ended March 2023 (Q4 of FY23).

1 min

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