The output of India’s core sector, consisting of eight infrastructure industries, grew at a slower pace of 3.5% in April compared to 3.6% in March, according to data released by the National Statistical Office (NSO) on May 31. This marks the slowest growth in the past six months. Nevertheless, the core sector industries play a …
Core Sector Output Slows to 3.5% in April: NSO Data Read More »
Vedanta’s share price has been declining for the past four sessions. Today, it opened lower for the fourth consecutive day, dropping by around 13.50% to ₹261.95 apiece on NSE. Stock market experts attribute this to negative sentiment caused by Vedanta’s failed acquisition of state-owned Hindustan Zinc and the sharp rise in the US dollar that …
Vedanta Share Price Drops by 13.50% in Four Consecutive Sessions Read More »
Tata-owned Air India has made the largest deal in aviation history by buying 500 new aircraft from Airbus and Boeing. The deal is valued at over $100 billion and includes 250 Airbus and 220 Boeing aircraft. The new aircraft will be delivered over the next eight years and will help modernize the airline’s aging fleet. …
Air India Makes Historic Deal to Buy 500 New Aircraft from Airbus and Boeing Read More »
The Central Bureau of Investigation (CBI) in India has arrested and charged three individuals with a loan fraud case involving ICICI Bank and the Videocon Group. The individuals, Chanda Kochhar (former CEO and MD of ICICI Bank), her husband Deepak Kochhar, and Venugopal Dhoot (founder of the Videocon Group), have been accused by the CBI of conspiracy and corruption in connection with ICICI Bank’s approval …
ICICI Bank and Videocon Group executives charged in loan fraud case Read More »