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Go Airlines' lenders may meet on Wednesday to plan further course of action
As of April 30, the company had not defaulted on any of these dues, Go First said in a filing
 "Go Airlines' lenders may meet on Wednesday to plan further course of action")
Go First bankruptcy seen helping rivals, boosting airfares in India
Shares of India's largest airline IndiGo rose by more than 8% on Wednesday, a day after cash-strapped airline Go First filed for bankruptcy, blaming "faulty" Pratt & Whitney engines
 "Go First bankruptcy seen helping rivals, boosting airfares in India")
Multiples Alternate closes over $640 million for new private-equity fund
Founded in 2009, Multiples has an investment portfolio marked by companies like Delhivery, PVR Cinemas and Dream 11
 "Multiples Alternate closes over $640 million for new private-equity fund")
Go First Airways owes financial creditors $798 mn, shows bankruptcy filing
Lenders were not aware of the airline's plans to file for voluntary insolvency and will meet soon to take stock of the situation, the report said
US probes how companies use AI to monitor and manage workers
White House is probing how companies use artificial intelligence to monitor and manage workers, practices the Biden Administration says are increasingly prevalent and can inflict significant harm
 "US probes how companies use AI to monitor and manage workers")
Tinder owner Match Group swipes left on Russia, pledging exit by June 30
Many digital services providers with few staff in Russia, such as Spotify and Netflix, pulled out shortly after Moscow began its military campaign in Ukraine in February 2022
 "Tinder owner Match Group swipes left on Russia, pledging exit by June 30")
Services exports rose 13.1% on year to $30.48 billion in March: RBI data
As per the government's first preliminary estimates released in mid-April, services imports stood at $14.05 billion in March, while services exports were at $27.75 billion
 "Services exports rose 13.1% on year to $30.48 billion in March: RBI data")
DCM Shriram Q4 results: Profit falls 54% as raw material, power costs surge
The company's consolidated net profit fell to 1.87 billion rupees ($22.8 million) compared to 4.01 billion rupees a year ago. Revenue from operations also fell marginally to 28.49 billion rupees
 "DCM Shriram Q4 results: Profit falls 54% as raw material, power costs surge")
India, China proposes roadmap for carbon transition instead of deadline
By Sarita Chaganti Singh
 "India, China proposes roadmap for carbon transition instead of deadline")
Hindustan Zinc bids to buy assets from Vedanta Group for $2.98 billion
Hindustan Zinc proposal to buy certain zinc assets from Vedanta Group for $2.98 billion in cash has lapsed as the Indian miner did not get shareholders' approval within the stipulated time limit
Go First Airways files for insolvency, blames Pratt & Whitney engines
Aviation regulator DGCA on Tuesday issued a show cause notice to Go First after the airline decided to cancel flights for two days amid a severe financial crunch
Marriott raises full-year profit forecast on strong travel demand
The travel industry has also benefited in the last few quarters from a strong US dollar
 "Marriott raises full-year profit forecast on strong travel demand")
Uber confident on profit as ride-sharing makes strong start to 2023
Uber is benefiting from its dominant position in key global markets as travel rebounds from a pandemic-induced lull
 "Uber confident on profit as ride-sharing makes strong start to 2023")
Pfizer beats profit estimates as new drugs offset Covid products slump
Pfizer expects 2023 to be a "transition year" for its Covid products, before potential returning to growth in 2024
 "Pfizer beats profit estimates as new drugs offset Covid products slump")
Indian stocks rise on back of earnings, FII buying ahead of US Fed meet
By Bharath Rajeswaran
 "Indian stocks rise on back of earnings, FII buying ahead of US Fed meet")
BP's profit rises to $5 billion, but shares fell as shares buyback slows
BP's shares, however, were around 4.5% lower by 0923 GMT - compared with a drop of around 1.3% for an index of European oil companies
 "BP's profit rises to $5 billion, but shares fell as shares buyback slows")
Commercial vehicles sales of Indian automakers slump by 50% MoM in April
India's wholesale commercial and passenger vehicle sales growth moderated in April, following a boost from the festive season
 "Commercial vehicles sales of Indian automakers slump by 50% MoM in April")
RBI likely buying dollars to prevent rupee appreciation, absorb inflows
Rupee was trading at 81.8275 per U.S. dollar, having reached 81.7325 earlier
 "RBI likely buying dollars to prevent rupee appreciation, absorb inflows")
Pepsi bottler Varun Beverages posts Q1 profit jump; announces stock split
Varun Beverages approved a share split of its existing shares in a ratio of 1:2 to boost its liquidity and make its stock "more attractive" to small investors
 "Pepsi bottler Varun Beverages posts Q1 profit jump; announces stock split")
Carlyle, Premji Invest eye stake in auto loan firm TVS Credit: Report
"There are two components to this business - the older, stable motor-financing arm and the new-age loans and services, which can be an add-on growth lever," the report said citing source
 "Carlyle, Premji Invest eye stake in auto loan firm TVS Credit: Report")