Business and Finance

Indigo plagued by NEO engine issue, says capacity and revenue may be hit this fiscal

In a presentation to investors, the company has stated that its original plan, to increase capacity year-on-year by 30% this fiscal, may not happen now.

RBI increases peer-to-peer lending limit from Rs 10 lakh to Rs 50 lakh

The decision by RBI has received cheer from P2P lending platforms, who believe this will help boost the sector.

Karvy fraud aftermath: NSE issues advisory to investors on keeping stocks safe

This comes after Karvy was found indulging in misappropriation of client funds.

RBI proposes new prepaid payment instrument for online transactions of up to Rs 10,000

The new type of PPI can only be used to buy goods and services online up to a limit of Rs 10,000.

RBI keeps repo rate unchanged, cuts GDP growth projection to 5%

The RBI said its monetary stance will remain accommodative as long as it is necessary to revive growth, while ensuring that inflation remains within the target.

Did FM Nirmala Sitharaman say she doesn’t eat onions in response to rising prices?

The minister's comment was not when someone asked about rising prices, but she was answering a question whether she ate onions.

Stock markets eagerly await RBI monetary policy decision, expect rate cut

Analysts say that while a 25 bps rate cut is already factored in by the market, investors would watch out for any surprise on that front and the commentary on the future path.

Kishore Biyani-led Future Consumer to take its private labels to a wider audience

Future consumer will now focus on consolidating and strengthening distribution of its existing products.

Automakers slashing 80,000 jobs globally as electric era beckons: Report

The job cuts are happening in the USA, Germany and the UK which have some of the powerhouses in the automobile business.

Airtel gets board approval to raise $3 billion via debt and equity

Airtel will be raising these funds to pay its adjusted gross revenue (AGR) dues worth Rs 43,000 crore to the government by January 24.