InterGlobe Aviation, the parent of the country’s largest airline IndiGo, on Wednesday posted its highest ever fourth-quarter profit after tax of Rs 3,067.5 crore, mainly helped by strong air travel demand. Photograph: Danish Siddiqui/Reuters The company’s profit after tax in
The National Stock Exchange of India (NSE) on Wednesday (May 21) announced the exclusion of futures and options (F&O) contracts on five listed securities in accordance with SEBI’s revised eligibility norms. The move will come into effect from August 1,
Wall Street’s key indices opened lower on Wednesday, as markets awaited the outcome of a debate around US President Donald Trump’s tax-cut bill. At the opening bell, the Dow Jones Industrial Average fell 322.8 points, or 0.76%, to 42,354.46. The
‘We are looking at what kind of products, diagnostics or other solutions we can offer to become a well-rounded player in a particular disease area globally.’ IMAGE: Text. Photograph: Kind courtesy Zydus Lifesciences Ahmedabad-based Zydus Lifesciences has recently forayed into
India’s mango exports to the US are registering healthy growth, and irradiation operations at a key mango treatment facility in Mumbai have been normalised after a brief disruption due to a data recording error earlier this month, an official said
Bullish on growth prospects, Jaguar Land Rover aims to double its business in India over the next 3-4 years amid plans to bolster its product portfolio and sales network, according to a top company executive. Photograph: Francois Lenoir/Reuters With the
The Competition Commission of India on Tuesday approved Singapore’s Temasek Holdings proposed acquisition of a minority stake in Haldiram Snacks Food. Temasek Holdings through its arm Jongsong Investments Pte is acquiring a stake in the target company. “The proposed transaction
To further strengthen the governance mechanism at market infrastructure institutions (MIIs), regulator SEBI on Monday released comprehensive guidelines for internal audit mechanisms at such establishments, along with the prescribed composition of the audit committee. SEBI stressed that it is essential
Online brokerage platform Zerodha’s Chief Executive Officer (CEO), Nithin Kamath, in a social media post, spoke about the discussions over rising retail investors from India’s Tier 2 and Tier 3 cities may be a “little misleading.” “There’s a lot of
With general government debt now approaching three-quarters of GDP, and only incremental reform efforts visible, Pakistan risks prolonging its economic stagnation unless fundamental governance, regulatory, and industrial overhauls are undertaken. IMAGE: Laborers along the roadside eat a donated meal by
