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Cairn filed the lawsuit on May 14 in the U.S. District Court for the Southern District of New York, seeking to make Air India liable for the judgment that was awarded to Cairn.

Cairn Energy sues Air India in U.S. court to enforce $1.2 billion arbitration award

Vikas Dhoot The move ratchets up pressure on the Union govt to pay the sum of $1.2 billion plus interest and costs that Cairn Energy was awarded by an arbitration tribunal in December

Building on hope: The rise in Q4 revenue is evidence of ‘return to pre-COVID levels of activity’, the firm says.

L&T Q4 net profit rises 3% on improved order execution

Special Correspondent CFO projects FY22 revenue growth in ‘low to mid teens’ with pandemic as caveat

Saint-Gobain to proceed with ₹2,500-cr. investment in India

Lalatendu Mishra Company looking for start-ups and acquisitions, says CMD

Dr. Reddy’s Q4 net slips 29%

Special Correspondent Drugmaker reports profit of ₹557.3 cr. as revenue rises 7%

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Power usage rose 19% in first fortnight of May

Maharashtra government exempts truckers from RT-PCR test for entering state

Chola Financial Holdings Q4 net ₹31.97 crore

Cairn moves U.S. court to attach AI assets

‘Independent directors’ number declining: IiAS

Saint-Gobain to proceed with ₹2,500-cr. investment in India

L&T Q4 net profit rises 3% on improved order execution

CFO projects FY22 revenue growth in ‘low to mid teens’ with pandemic as caveat

Dr. Reddy’s Q4 net slips 29%

Drugmaker reports profit of ₹557.3 cr. as revenue rises 7%

Go Airlines files DRHP to raise ₹3,600 crore

GoAir has placed firm orders for delivery of 144 Airbus A320neo aircraft as part of the growth plan

Govt. may notify export refund rates by May end: DGFT Yadav

Delay has affected exporters’ pricing strategies

Chip shortage to cost automakers $110 bln in revenues in 2021

Automakers are now looking at developing direct relationships with semiconductor makers, said Mark Wakefield, co-leader of AlixPartners' global automotive practice

Sputnik roll out begins, to cost ₹995 per dose

Dr Reddy's administers first dose of Sputnik V vaccine in India

GoAir files preliminary papers for ₹3,600-crore IPO

The proceeds are planned to be utilised towards “prepayment or scheduled repayment of all or a portion of certain outstanding borrowings” as well as for replacement of letter of credits with cash deposit.

Vedanta posts ₹6,432 cr. Q4 net on better volumes

It logged ₹12,521-cr. loss a year earlier

‘Stalled projects’ completion is stimulus’

Centre’s push to help fund stranded housing projects lends boost to realty, core sectors: Sitharaman

Private equity, venture capital flows grow sixfold on low base

April sees 67 deals fetch $7.5 billion; e-com logs $3.7 billion

‘Lockdowns to dent gold sales on Akshaya Tritiya’

Dealers pin hopes on digital demand

Put FCRA on hold to ease relief flow, Nasscom plea to PM

IT body urges emergency nod for all WHO-approved vaccines

MSN Labs inks pact with Eli Lilly to make, market COVID drug Baricitinib

MSN Labs has joined a small, but growing list of drugmakers in India with whom US pharma giant Eli Lilly has got into royalty free, non-exclusive,

April fuel sales decline 9.4% on COVID wave

Diesel slides 9% from April-2019 level

Amrutanjan eyes bigger pie in personal hygiene

Aims to boost Comfy brand offerings

Inflation eases to 4.29%; base lifts IIP

Softer food prices spur April CPI-based inflation to 3-month low, March industrial output jumps 22.4%

‘Demand for security professionals more than doubles; set to increase threefold in four years’

India will require 70,000 cyber experts this calendar year alone: Xpheno

Automobile wholesales dip 30% month-on-month in April: SIAM

The wholesales of passenger vehicles stood at over 2.61 lakh units in April, a month-on-month decline of 10.7% from 2.90 lakh units sold in March 2021.

Nomura pares FY22 growth estimate to 10.8%

‘Lockdowns to impact economy’

SEBI pitches for ‘person in control’ over ‘promoter’

‘Often, PE investors hold special rights’

Oil refiners cut output, imports as pandemic hits fuel demand

Sales in May could be about 5% lower than April, says HPCL Chairman Surana

KFintech acquires stake in insurtech startup Artivatic

KFin will contribute to Artivatic with access to clientele, geographic expansion, thought leadership and technology and process frameworks.

OYO to show vaccination status of hotel staff on app

With ‘VaccinAid’, as a part of the booking journey, users on the OYO app will have visibility on hotels and homes with vaccinated staff, either with the first dose or second dose of the COVID-19 vaccine

COVID-19 | Microfinance sector writes to RBI; seeks emergency credit line

In a letter to the RBI, Sa-Dhan, the industry body representing the microfinance sector, has sought an emergency credit line of up to 25% of their outstanding with the lending banks.

COVID-19 | India’s smartphone market to slowdown in 2Q21

“However, the high shipments from the first quarter should be able to suffice for the immediate demand,” Navkendar Singh, Research Director, Client Devices & IPDS, IDC India, said.

IP waiver will not boost vaccine production: OPPI

‘Critical know-how key to scaling up’

‘Retail auto sales slip 28% over March; May to see muted run’

April saw lockdowns across States, recovery to take longer this time: FADA

Vistara to fly to Tokyo from June 16

The decision to launch a new international route comes despite a fall in demand for travel during the second wave of COVID-19 in the country

Snapdeal creates platform to connect patients with plasma donors

E-commerce firm Snapdeal on Monday launched a new platform which can be used to connect COVID-19 patients with potential plasma donors.The platform,

Bharat Biotech commences direct supply of COVID-19 vaccine Covaxin to 14 States

Bharat Biotech has started supplying its COVID-19 treatment vaccine to the States based on the allocations received by the Central government

April retail vehicle sales fall 28% month-on-month

For FY20-21 vehicle registrations are below FY12-13 levels, lowest in eight years, according to Federation of Automobile Dealers Associations.

Hero MotoCorp extends plant closure by a week

Amid the rising COVID-19 cases, two-wheeler market leader Hero MotoCorp on Sunday said it will extend the shutdown at its manufacturing facilities

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Ask us: On investments

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Oxygen plants: Maruti Suzuki to join hands with two firms

We decided to use our resources to help scale-up their production on no-profit basis, it says

Reliance Retail 2nd fastest growing retailer in world

The top 10 has seven US retailers and one from the UK (Tesco PLC at 10th position).

CBIC allows goods import, export sans Customs bond

Tax body eases norm till June 30 to avoid delays on COVID

Bandhan Bank net dives on microfinance loans

It writes off ₹1,929-cr. disbursements.

ICICI Lombard extends pay to COVID-hit staff

Private sector non-life insurer ICICI Lombard on Saturday said it will give up to two months’ gross salary in advance to all its COVID- positive

D-Mart sees ‘severe impact’ on revenue

Excess inventory likely for retail chain.

Coronavirus | Oxygen curbs hit container availability

Exports affected as ‘thousands of damaged containers unusable’; gas key to welding process in repairs

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