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India’s Go First Airways files for insolvency resolution

BENGALURU (Reuters) - Indian airline Go First Airways said on Tuesday it was filing for insolvency resolution and can no longer continue to meet financial obligations, blaming U.S. company Pratt &

Euro dips below $1.10 after euro zone data, eyes turn to U.S.

By Kevin Buckland and Alun John TOKYO/LONDON (Reuters) - The euro dipped after several data points underscored market expectations of a smaller 25 basis point ECB hike this week, while the Aussie

Stocks ease; Aussie dollar soars after surprise hike

By Amanda Cooper LONDON (Reuters) -Global shares fell on Tuesday as caution set in ahead of the Federal Reserve's upcoming policy meeting, while bumper profits at Europe's biggest bank gave financial

India’s cash-strapped Go First Airways suspends flights -ET

BENGALURU (Reuters) -Cash-strapped Indian airline Go First Airways has suspended its flights for May 3 and 4, and filed for insolvency resolution proceedings in the National Company Law Tribunal,

India’s Adani-owned Ambuja Cements’ Q4 profit rises as infra spending steps up

(Reuters) - India's Ambuja Cements on Tuesday reported a better-than-expected fourth-quarter profit, aided by increased government spending on infrastructure and lower raw material costs. Cement

Oil slips on weak China data and rate hike expectations

By Rowena Edwards LONDON (Reuters) -Oil prices fell on Tuesday on weak economic data from China and expectations of interest rate hikes by the U.S. Federal Reserve and European Central Bank (ECB) this

India’s Adani Total Gas Q4 profit jumps 21% on higher prices

(Reuters) - India's Adani Total Gas Ltd reported a 20.7% rise in quarterly profit on Tuesday, propelled by price hikes and expansion of its compressed natural gas (CNG) stations. Adani Total's

Go First suspends flights for 3, 4 May due to severe cash crunch, files for insolvency proceedings

The airline was seeking to raise funds and conglomerate Wadia Group was reported to be in talks to either sell a majority stake or completely exit its shareholding.

Stocks fall; Aussie dollar soars after surprise hike

By Amanda Cooper LONDON (Reuters) - Global shares fell on Tuesday, as caution set in ahead of the Federal Reserve's upcoming policy meeting, while bumper profits at Europe's biggest bank gave

Indian iron ore miner NMDC in talks with Australia’s Hancock for lithium mining – source

By Neha Arora NEW DELHI (Reuters) - Indian iron ore miner NMDC Ltd is in talks with Australia's Hancock Prospecting Pty Ltd for lithium exploration and mining, a source familiar with the matter told

On Camera

No more lip service on UNSC reforms—it’s time to form an implementation roadmap

Most of the UNSC’s failures stem from the use of veto power by the P5. In a world that champions democracy, the UNSC is inherently the most undemocratic entity possible.

After a brief surge, private investment & hiring has again turned cautious. Focus is on cutting debt

Financial year 2022-23 saw private investments & hiring surge, but since then firms are using cash to reduce debt. General elections didn’t help matters, either.

Morocco signs pact with Tata for joint manufacture of WhAP Infantry Fighting Vehicle

The armoured platform is India's first amphibious infantry combat wheeled vehicle. Last year, the Royal Moroccan Armed Forces had procured 90 military trucks from the Tata Group.

Islam doesn’t kill democracy. The army-Islam combo does

How come Indonesia, Malaysia, Turkey and Sri Lanka remain constitutional, democratic and stable despite Islam and Buddhism respectively, but Pakistan, Bangladesh and Myanmar don’t?