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…
Category: Companies
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…
Air India announces world’s largest order for nearly 500 civilian aircraft
Ending months of speculation, Tata Group-owned Air India has announced the world’s largest order for passenger aircraft from France’s Airbus and US’ Boeing. The deal, totalling 470 aircraft, comprises…
Vodafone Idea Q3 results: Net loss widens to Rs 7,990 cr; ARPU improves marginally
Telecom firm Vodafone Idea’s net loss widened to Rs 7,990 crore in the quarter ended December 31, 2022 as against Rs 7,595.5 crore in the year-ago period. The company’s revenue rose…
ONGC’s Q3 net profit rises 26% to Rs 11,045 cr, firm declares interim dividend of Rs 4 per share
India’s top oil explorer Oil and Natural Gas Corporation reported a 26% rise in its third-quarter profit, helped by higher crude and gas prices. The state-run company’s profit came in…
’70 widebodies, 400 single-aisle jets’: Air India on mega deal with Boeing, Airbus for 470 planes
Tata Sons-owned Air India on Tuesday announced that it has signed letters of intent with Airbus and Boeing to acquire both widebody and single-aisle aircraft. The order comprises 40 Airbus…
After 250 Airbus planes, Air India to buy 220 Boeing aircraft; Biden hails ‘historic’ deal
US President Joe Biden hailed a “historic agreement” for Air India to purchase 220 Boeing airplanes with a list price of $34 billion. The order includes 190 737 MAXs, 20…
Hotel prices in India rise 15%-20% so far in 2023: Here’s why
Hotel prices across most destinations have seen a 15-20 per cent increase in the last six weeks. A combination of the wedding season, return of corporate travel and events has…