State-run Central Bank of India on Wednesday said it has an outstanding exposure of Rs 1,305 crore to cash-strapped airline Go First as on March 31. The Wadia group-owned airline's plea for initiation of insolvency proceedings was mentioned before NCLT's Delhi bench-headed by president Justice Ramalingam Sudhakar and the bench agreed to an urgent hearing [...]
TVS Supply Chain Solutions, part of TVS Mobility Group, has re-filed draft IPO papers with capital markets regulator Sebi and cut the fresh issuance size to Rs 750 crore from Rs 2,000 crore planned earlier. The company, which got approval from Sebi in May 2022 to float the initial public offering (IPO), did not launch [...]
Tata group owned Air India on Wednesday announced entering into an interline pact with Vistara. An interline arrangement refers to a pact to issue and accept tickets for flights that are operated by the partner airline. When selling an interline ticket, the operating airlines own flight numbers are used. The partnership allows Air India's passengers [...]
Fincare Small Finance Bank Ltd has refiled its preliminary IPO papers with market regulator Sebi after updating documents on financial earnings for fiscal 2022-23. This came after the Securities and Exchange Board of India (Sebi) returned the small finance draft IPO (Initial Public Offering) papers on March 3 and asked the company to refile the [...]
Airtel Payments Bank on Tuesday said it has collaborated with the National Payments Corporation of India (NPCI) to roll out face authentication for the Aadhaar-enabled Payment System at its 5 lakh banking points. Airtel Payments Bank is among the first four banks to offer face authentication for AePS (Aadhaar-enabled Payment System). "We are delighted to [...]
State-owned NMDC Ltd on Tuesday reported an 11.42 per cent rise in its iron ore production of 3.51 million tonne (MT) in April 2023. It produced 3.15 MT of iron ore in the same month last year, NMDC said in a BSE filing. Last month, the company's sales rose by around 10 per cent to [...]
Go First on Tuesday said it has been forced to seek voluntary insolvency resolution proceedings due to "serial failure" of Pratt & Whitney engines resulting in grounding of 50 per cent of the fleet and is no longer in a position to continue to meet its financial obligations. The latest move by the Wadia group-owned [...]
State-owned NTPC Ltd on Tuesday reported an over two-fold jump in production of coal from its captive mines at 2.75 million metric tonnes in April 2023. "NTPC recorded 2.75 million metric tonnes (MMT) of coal production during the month of April 2023 as compared to 1.11 MMT recorded for the month of April 2022," a [...]
CIL, the world's largest coal miner, on Tuesday said coal production rose 7.7 per cent in April and supplies to users shot up just as summer began. In a statement, Coal India Ltd (CIL) said it logged an impressive 31 per cent growth in overburden removal (OBR) in April compared to the same month a [...]
Bajaj Auto Ltd on Tuesday reported a 7 per cent increase in total sales at 3,31,278 units in April 2023, as compared to the same month last year. The company had posted a total sales of 3,10,774 units in April 2022, Bajaj Auto said in a regulatory filing. The total two-wheeler sales rose 2 per [...]
