Business

New RBI Deputy Governor Swaminathan Janakiraman to Oversee Banking Inspections

In a recent development, Swaminathan Janakiraman has been appointed as the Deputy Governor of the Reserve Bank of India (RBI). As the newly appointed Deputy Governor, Janakiraman will assume the.

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Business

BYJU’S Faces Litigation from US Lenders Over Contract Dispute, Pushes Back Against Unreasonable Terms

BYJU’S, the education technology giant, is pushing back against its US lenders of Term Loan B (TLB) due to their “unrealistic and unacceptable terms.” The lenders have resorted to litigation.

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Business

FADA Urges Immediate Reduction in GST Rate on Two-Wheelers to Revive Industry

The Federation of Automobile Dealers Associations (FADA) has submitted a critical representation to the Goods and Services Tax (GST) Council, urging a reduction in the GST rate on two-wheelers from.

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Business

Indian QSR Operators Devyani International and Jubilant Foodworks Face Profit Decline Amidst Rising Ingredient Costs and Weakened Consumer Sentiment

Indian QSR operators, Devyani International and Jubilant Foodworks, have reported a decline in net profit in the fourth quarter due to increased input costs. The prices of key ingredients like.

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Business

IndiGo Reports Second Consecutive Profitable Quarter with ₹919 Crore Net Profit in Q4, Misses Analyst Expectations

IndiGo, operated by InterGlobe Aviation, achieved a net profit of ₹919 crore in Q4, marking the airline’s second consecutive profitable quarter. This is a significant turnaround from the ₹1,682 crore.

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Business

ITC Ltd Reports Strong Q4 Performance with 22.66% Increase in Net Profit; FY23 Net Profit Surpasses FY22 Figures

ITC Ltd, a diversified entity, has reported a 22.66% increase in consolidated net profit for the fourth quarter ended March 2023. The net profit rose to Rs 5,225.02 crore compared.

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