Banking

Icra Downgrades SPCPL's Rating To BBB+ On Delay In Securing Working Capital

The delay has impacted the engineering, procurement, and construction (EPC) operations in FY23, resulting in modest prof... Read more

TCS To Develop Its Own ChatGPT With Focus On Enterprise Code Generation

TCS is expected to release some of these solutions by the last quarter of this financial year Read more

ACC, Nykaa, HDFC AMC And Muthoot Fin Likely To Be Dropped From Nifty 100

Jindal Steel and Power, Punjab National Bank, TVS Motor, Tube Investments and Zydus Lifesciences are expected to get add... Read more

IndusInd Bank Likely To Get Added To MSCI During Aug Rebalancing Exercise

The addition will be a boost for the private sector lender's stock price as it could result in inflows of over $300 mill... Read more

Pratt & Whitney's Engine Woes Cost Go Air 47 Years Worth Of Flying Time

Go Airlines was re-branded Go First ahead of a planned 36 billion rupee ($440 million) initial share sale last year Read more

Airbus Reports A Drop In First-quarter Profit, Sales On Slow Deliveries

The world's largest planemaker has struggled to meet soaring demand for aircraft as travel rebounds from the Covid-19 pa... Read more

Q4 Results: Petronet LNG Profit Slips 18% To Rs 614 Cr, Revenue Up 24.3%

Company recorded highest ever turnover of Rs 59,899 Cr in FY23, up 39% Read more

APAC Region To Surpass US By 2030 To Become World's Largest Fintech Market

These regions, which are an underpenetrated market with nearly $4 trillion in financial services revenue pools, have the... Read more

REC Limited Lists $750-mn Green Bonds On Int'l Stock Exchanges At GIFT City

With this listing, the cumulative ESG labelled bonds listed on IFSC exchanges has crossed $10 billion," Srinivas said. Read more

IndiGo To Begin Flights To Singapore, Bangkok From Bhubaneswar Next Month

Low-cost carrier IndiGo on Wednesday announced it will commence flight services to Singapore and Bangkok from Bhubaneswa... Read more

Iron Pillar Leads Supply Chain Tech Firm Pando's $30 Mn Series B Funding

With the global logistics SaaS tech market estimated to grow to $25 billion by 2025, Pando said it is well-positioned to... Read more

India-UK Join Hands To Drive Transport Decarbonisation Initiatives

The initiative is backed by the governments of both India and the UK and is among the first to be announced following a ... Read more

Vantage Emerges Highest Bidder For SKS Power Generation With Rs 1,800 Cr

The bid by Ahmedabad-based Torrent is a close second with a difference of just Rs 7 crore, said a banking source Read more

Thomas Cook India's Arm, Kanoo Travel To Form Joint Venture In Saudi Arabia

Desert Adventures Tourism, a wholly-owned subsidiary of Thomas Cook India, and GCC-based travel conglomerate Kanoo Trave... Read more

CIEL Group To Raise Rs 150-Rs 200 Cr In FY 2023-24, Says Official

Staffing solutions provider CIEL Group has planned to raise Rs 150 to Rs 200 crore this financial year to fund its acqui... Read more