RBI Dividend Boost: The RBI’s Central Board of Directors approved a record dividend of Rs 2.11 lakh crore to the government for FY24.
SpiceJet Refund Dispute: SpiceJet seeks a refund of Rs 450 crore from Kalanithi Maran and KAL Airways amid ongoing financial challenges.
Adani Group Defends Coal Quality: Adani Group refutes claims of supplying low-grade coal, stating the allegations are “false and baseless”.
Household Savings Rebound: Goldman Sachs reports that household savings in India may have rebounded to 6% of GDP in FY24.
Byju’s Financial Scrutiny: A US court criticizes Byju’s director Riju Ravindran for failing to account for $553 million, leading to legal complications.
Mamaearth’s Job Creation Plan: Mamaearth co-founder Ghazal Alagh announces plans to create millions of jobs over the next decade.
PM Modi Praises Zomato CEO: PM Modi lauds Zomato CEO Deepinder Goyal’s entrepreneurial journey, highlighting the startup’s success story.
FSSAI Clears Spice Brands: FSSAI finds no trace of ethylene oxide in samples of spices from MDH and Everest, clearing the brands of safety concerns.
Ruchir Sharma’s Economic Insights: Economist Ruchir Sharma warns India not to take its growth for granted, noting lessons from other economies.
SAP’s Restructuring Plan: SAP announces a cost-cutting plan affecting 8,000 jobs, aiming to streamline operations amid global economic challenges.
