The Reserve Bank of India (RBI) on Wednesday said it has granted in-principle approval to 32 existing online payment aggregators, allowing them to continue their operations. Amazon (Pay) India Pvt…
Category: Companies
YCombinator, Binny Bansal’s firm, and others invest $2.5 mn in Bengaluru-based start-up HireSure
HireSure.ai, an HRtech platform that enables companies to leverage data in making more efficient compensation decisions, has raised $2.5 million in seed funding led by YCombinator and Binny Bansal’s Three…
Ticket size of Air India’s record order for almost 500 Airbus, Boeing jets could be roughly $110 bn: Mark Martin
Tata Group-owned Air India unveiled deals on Tuesday for a record 470 jets from Airbus and Boeing, whose ticket size has been pegged at roughly $110 billion by Mark Martin,…
Adani Group touts ‘very healthy’ balance sheet in bid to calm investors
Billionaire Gautam Adani’s embattled conglomerate said its balance sheet is “very healthy” and is laser focused on continuing business momentum, as it looked to reassure investors to keep faith in…
Air India seals mega deals with Airbus, Boeing: Ten things to know about the record order
Air India unveiled deals on Tuesday for a record 470 jets from Airbus and Boeing. Here are ten things to know about this mega development in India’s aviation sector. *…
Vedanta Resources says it cut net debt by $2 bn in fiscal 2023
Vedanta Resources said on Wednesday it had brought down debt significantly, seeking to allay market concerns after S&P Global Ratings last week raised doubts about its ability to meet financial…
BBC asks staff to be prepared, cooperate with officials as I-T survey enters 2nd day
Amid an ongoing survey by the Income Tax Department, the British Broadcasting Corporation (BBC) has urged its employees to be prepared for any interrogation and cooperate with the officials. The…
Adani fiasco: Here’s how much loss French energy major Total incurred
France-based TotalEnergies has been hit by a double whammy of missing out on an investment profit of Rs 30,000 crore and losing Rs 1.55 lakh crore in market wealth in…
Adani report row: Popularity of Hindenburg, Anderson soars on Twitter
The scathing report on the Adani Group may well have made Hindenburg Research and its founder Nathan Anderson unpopular among a large section of market players, especially within the Ahmedabad-based…
Adani says no refinancing, liquidity issues in bid to calm jittery investors
India’s Adani group said on Tuesday that its companies face no material refinancing risk, or near-term liquidity issues, in its latest attempt to calm investors spooked by a US short-seller’s…