Axis Bank Chief Executive Officer Amitabh Chaudhry said that expectations for growth might be tempered a bit and that he would be watchful over consumer demand in the Indian economy.…
Author: Admin
Vedanta has $3 bn debt servicing obligations in FY24, says S&P in latest bulletin
Mining mogul Anil Agarwal-led Vedanta Resources Ltd will likely have enough liquidity until December 2023, rating agency S&P Global Ratings said on Monday. The natural resources group has debt servicing…
Adani JV in talks with dozen lenders for first dollar loan since Hindenburg: Report
Adani Group’s joint venture with data centre provider EdgeConneX is reportedly in talks with about half a dozen banks for a loan of $220 million. This would be the conglomerate’s…
India’s GDP growth likely to moderate to 6.3% in FY24, says latest World Bank report
India’s GDP growth is expected to be resilient despite some moderation in the second half of the last fiscal, the World Bank said in its latest report on Tuesday. The…
Richard Branson’s Virgin Orbit files for bankruptcy after laying off 85% workforce
British billionaire Richard Branson’s satellite launch company Virgin Orbit has filed for bankruptcy after it failed to secure long-term funding required to recover from a rocket launch failure in January.…
Haj pilgrimage 2023: Govt to issue forex card, mandatory insurance to pilgrims this year
The government has made special arrangements to provide forex facilities and mandatory insurance to Haj pilgrims this year. The forex services will be provided by the State Bank of India…
Vedanta’s Ajay Goel likely to join Byju’s as CFO: Report
Former Vedanta deputy CFO Ajay Goel is likely to join edtech startup Byju’s as its chief financial officer, Economic Times reported on Monday. Goel worked for more than two years…
Higher tax collections bode well for FY23 fiscal deficit
The central government is on course to come close to the fiscal deficit target of 6.4 per cent for the recently concluded fiscal year, finance ministry sources have told Business…
Zoho CEO Sridhar Vembu, others compare AI to nuclear weapons, cloning
Sridhar Vembu, the CEO and co-founder of Zoho, compared the progress in artificial intelligence to nuclear weapons, cloning, etc, and has called for “no further” development in the field until…
Cyient reorganizes executive leadership before quarterly results
Cyient, an Indian IT and tech company, announced a change in executive leadership on Monday. In a release, the company announced that the board of directors appointed Krishna Bodanapu as…