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business

Ola electric

Ola Electric restructures, laying off 500 jobs across departments

The EV manufacturer streamlines its workforce to boost efficiency, improve margins, and address profitability challenges.

RBI

‘Terror group CEO’ threatens RBI helpline with bomb attack

Mumbai police investigating the threat call said a call was made around 11 am on Nov 17 and the caller identifying himself as the "CEO" of the Lashkar-e-Taiba (LeT) – the Pakistan based terror outfit – warned of a bomb attack at the central bank.

Delhi bad weather leads to 7 flight diversions

The India Meteorological Department (IMD) reported that very dense fog began forming around 5.30 am, resulting in a thick haze over different parts of the national capital.

Crypto market hits $3.1 trillion after Trump's victory, Bitcoin reaches record high of $89,000

Since the US election on Nov 5, Bitcoin, the largest token, has surged by nearly 32%, reaching an all-time high of $89,599 early on Nov 12.

merger

Vistara merges with Air India, IndiGo goes premium

Chief Executive Officer IndiGo Pieter Elbers in a statement recently said starting at about ₹ 18,000, the airline aims to expand its business-class service to all flights on India’s busiest route between New Delhi and Mumbai by early January next year.

Govt to introduce collateral-free term loans for MSMEs to boost production capacity

The government is launching a term-loan facility for MSMEs to buy modern plant and machinery, following the success of the Emergency Credit Line Guarantee Scheme (ECLGS), a working capital loan facility that prevented millions of MSMEs from going bankrupt by giving them liquidity during the COVID period.

SC orders liquidation of Jet Airways under Insolvency and Bankruptcy Code

A three-judge bench headed by Chief Justice of India D Y Chandrachud said the National Company Law Appellate Tribunal order allowing Jalan KalRock Consortium to adjust the first tranche of payment of ₹ 350 crore against the Performance Bank Guarantee was “perverse” and in “flagrant disregard” of its January 18 order.