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Indian-origin Ajay Banga confirmed as next president of World Bank

Ex- Mastercard CEO Ajay Banga to a five-year term as World Bank president

Indian Oil to recoup $61 million of fuel sales bill from Go First

By Nidhi Verma and Siddhi Nayak

Tata Chemicals Q4 profit surges 62%, driven by strong soda ash demand

India's Tata Chemicals Ltd posted a 62% jump in fourth-quarter profit on Wednesday, helped by demand for products such as soda ash, bicarbonate and salt

Multiples Alternate announces $640 million first close of PE fund

Indian private equity firm Multiples Alternate Asset Management on Wednesday announced the first close of a $640 million fund aimed at investing in domestic companies

Gold firms up above $2,000 level amid volatility as Fed verdict nears

By Arundhati Sarkar

Brookfield, Tata Group in talks to invest in upcoming IPO of Nexus Malls

By M. Sriram and Rama Venkat

Godrej Properties sees 15% rise in FY24 bookings value after Q4 profit jump

The company expects bookings of 140 billion rupees for the current fiscal, higher than the 123.32 billion rupees in fiscal 2023, which beat its own forecast

Go First saga: The engine dispute at the heart of bankruptcy filing

In India alone, IndiGo and Go First, among the biggest customers for the A320neo planes, grounded as many as 12 planes at one point, and cancelled dozens of flights

Go First owner Wadia Group has no plans to sell its stake in airlines: CEO

By Tanvi Mehta, Chris Thomas and Dhanya Skariachan

Blackstone backed Nexus Malls sets IPO price band at Rs 95-100 per unit

India's Nexus Malls, Blackstone Inc-backed mall real estate investment trust portfolio, has set price band for its 32 billion rupees initial public offering at 95 rupees to 100 rupees per unit

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 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

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

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

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

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

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

India, China proposes roadmap for carbon transition instead of deadline

By Sarita Chaganti Singh

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