Companies News

Govt paid as much as ₹20 crore per day to keep Air India flying

Govt paid as much as ₹20 crore per day to keep Air India flying

New Delhi: Two aborted missions, three different ministers, multiple rule changes and two decades later, Indian taxpayers will no longer have to pay ₹20 crore per day to keep the loss-making Air India flying. While opposition Congress expectedly attacked the decision as selling the family silver, DIPAM Secretary Tuhin Kanta Pandey

Mukesh Ambani makes way to the elite club of world’s $100 billion club

Mukesh Ambani makes way to the elite club of world’s $100 billion club

New Delhi: Indian business tycoon Mukesh Ambani, who is listed as Asia’s richest man has now joined Jeff Bezos and Elon Musk in the world’s most exclusive wealth club with a fortune of at least $100 billion. With now worth $100.6 billion, chairman of Reliance Industries Ltd. entered the rarefied

ED issues show-cause notice to crypto exchange WazirX’s directors: Report

ED issues show-cause notice to crypto exchange WazirX’s directors: Report

NewDelhi: The Enforcement Directorate (ED) on Friday issued a show-cause notice to cryptocurrency exchange WazirX and its directors Nischal Shetty and Sameer Mhatre for allegedly violating money laundering guidelines in connection with transactions worth Rs 2,790.74 crore. The notices were issued under the Foreign Exchange Management Act (FEMA), 1999, after

Hester Biosciences in talks with Bharat Biotech for tech transfer of ‘Covaxin’

Hester Biosciences in talks with Bharat Biotech for tech transfer of ‘Covaxin’

New Delhi: Hester Biosciences is reportedly in discussions with Bharat Biotech for technology transfer to produce ‘Covaxin’ is underway. Ahmedabad-based Hester is into animal and poultry vaccines. “A triparty consortium has been formed with the Government of Gujarat as the lead partner, to explore the prospects of manufacturing the Covid vaccine