In this issue

May 30, 2023

New flights based on flyer-handling capacity at security checks: BCAS

The addition of new flights at airports will now be based on passenger-handling capacity at security checkpoints, according to the Bureau of Civil Aviation Security (BCAS).

2 mins

Despite RBI red flag, e-trading platforms just a click away

Alert list prompted a back-and-forth communication between FinMin and Meity to take down the apps from Play Store. However, no government agency issued blocking orders

2 mins

Das cautions bank boards against loan evergreening

RBI governor asks them to plug gaps in governance

2 mins

Unexplained funds: I-T heat on start-ups

Notices issued to check round-tripping

2 mins

CBI books BAE Systems, Rolls-Royce in jet case

The government has filed a graft case against Britain's BAE Systems and Rolls-Royce Holdings for \"criminal conspiracy\" in the procurement and licensed manufacturing of 123 Hawk 115 advanced jet trainers, a document showed.

1 min

Go First executives discuss revival plans with DGCA

Senior executives of crisis-hit Go First, which is undergoing insolvency resolution process, on Monday discussed its revival plans with officials of aviation regulator DGCA, according to a source.

1 min

CoC clears plan to distribute funds equally to RCap lenders

The lenders of Reliance Capital (RCap) on Monday approved a plan to distribute the funds to be received from the Hinduja resolution plan, which would be based on their admitted claims and irrespective of their stand while voting on the plan next month.

1 min

Fast X, The Office, and more: Jio Cinema signs streaming deal with NBC

Viacom18's streaming platform JioCinema on Monday announced a multi-year agreement with NBCUniversal (NBCU) to bring several NBCU films and TV series to India.

1 min

Atomberg raises $86 million in funding from Temasek, others

Atomberg, a digital consumer appliances brand, has raised $86 million, or about ₹710 crore, in Series C funding led Singaporean by investor Temasek and Steadview Capital, via a mix of primary and secondary issuances.

1 min

Warburg buys 90% of Vistaar Finance for $250 million

This is one of the biggest financial sector bets taken by Warburg in the country

1 min

ADIA, other sovereign funds eye a piece of Aditya Birla Cap

AB group holding roadshows to raise up to ₹3,000 crore via share sale

1 min

Won't let guard down against inflation: FM

The government is monitoring prices and will not let the guard down on inflation, Finance Minister Nirmala Sitharaman said at an event in Mumbai.

1 min

FDI equity inflow in FY23 contracts 22% to $46 bn

Foreign direct equity investments declined by over a fifth (22 percent) to $46.03 billion in 2022-23 (FY23) amid challenges in the global economy, including factors like high inflation, expansionary monetary policy, and recessionary trends in developed economies.

2 mins

UN: Afghanistan, Pak, Myanmar among global hunger hotspots

Three of India's neighboursPakistan, Afghanistan, and Myanmar are among the hunger hotspots in the world, according to two UN agencies.

1 min

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