As a part of its merger with Vistara, Air India on Wednesday announced a voluntary retirement scheme (VRS) for its permanent ground staff.

Vistara, a 51:49 joint venture of the Tata Group and Singapore Airlines, is scheduled to merge into Air India by the end of this year. An Air India executive said the merged entity would need fewer ground staff and therefore, the “optimisation” process has been initiated.

Self-styled godman Bhole Baba said Wednesday that he is very disturbed by the Hathras stampede but nobody can avoid what is destined and everyone has to die one day.

Honee ko kaun taal sakta hai (nobody can avoid what has to happen), he told PTI Videos, a fortnight after 121 people died in a stampede at a 'satsang' held by him.

L&T Finance Ltd (LTF) posted a 29 per cent year-on-year (YoY) growth in consolidated net profit at Rs 686 crore in the first quarter ended June 2024 (Q1FY25), on the back of healthy net interest margins (NIM) and fees. Its net profit was Rs 531 crore in Q1FY24.

LTF, the lending unit of engineering conglomerate Larsen and Toubro Ltd, posted a 23 per cent YoY growth in consolidated Net Interest Income (NII) at Rs 2,020 crore in Q1FY25, up from Rs 1,644 crore a year ago.

Ola Electric, the SoftBank-backed electric vehicle (EV) maker, is likely to pursue a valuation of approximately $4.5 billion in its upcoming initial public offering (IPO), marking about 18 per cent decrease from its last funding round valuation of around $5.5 billion, according to industry sources.

The Bhavish Aggarwal-founded firm aims to file for the IPO by next month, according to people familiar with the matter.

The National Company Law Tribunal (NCLT) on Tuesday admitted edtech company Byju's parent Think and Learn to insolvency on a plea by the Board of Control for Cricket in India (BCCI).

The tribunal appointed Pankaj Srivastava as the interim resolution professional. It found that Byju's had defaulted on a debt due to the BCCI over the Indian cricket team's jersey sponsorship.

Aggrieved candidates, who have applied for Supreme Court-directed checking of EVMs for tampering post Lok Sabha and assembly results, have been given various choices by the Election Commission, including picking machines from any polling station in an assembly segment and opting for a mock poll and mock VVPAT slip count.

US President Joe Biden said on Monday he made a mistake when he told supporters to put rival Donald Trump in a "bullseye," but said Trump regularly employed rhetoric that was inflammatory and lied repeatedly at their debate last month.

A day after urging Americans to lower the political temperature in the wake of the assassination attempt on Trump, Biden renewed his criticism of Trump's actions, from his role on Jan.

Amid the ongoing conflict between Moscow and Kyiv, the US has urged India to "utilise" its longstanding relationship with Russia and tell President Vladimir Putin to end his "illegal war" in Ukraine.

The spokesperson of the US State Department, Matthew Miller, in a press briefing on Monday not only noted the strong Delhi-Moscow ties but also urged India to tell Putin to respect the UN Charter.

Singapore government’s sovereign wealth fund Temasek is looking to invest $10 billion in India during the next three years, Ravi Lambah, Temasek's head of India and strategic initiatives, said.

This investment is set to take Temasek's total India exposure to $47 billion.

Jio Financial Services on Monday reported a 5.72 per cent decline in the consolidated net profit at Rs 313 crore in Q1FY25, as against Rs 332 crore in the corresponding period a year ago, according to the company’s exchange filing.

Interest income was down 19.8 per cent to Rs 162 crore in Q1FY25 as against Rs 202 crore in Q1FY24.

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