Sources: Business Standard
Indian airline Go First files for bankruptcy with the National Company Law Tribunal, blaming "faulty" Pratt & Whitney-manufactured engines for the grounding of about half of its fleet, costing the airline 108 billion rupees ($1.32 billion) in lost revenues. 2023-05-2
A tentative settlement of $997 million is reached with the families of victims and survivors of the condo collapse in Surfside, Florida, United States. However, the settlement is still subject to final approval. 2022-05-11
The Central Bank of Russia limits withdrawals of US dollars, euros, British pounds and Japanese yen for Russian firms to the equivalent of $5,000, with the withdrawal of larger sums only possible with the Central Bank's permission. The withdrawn funds may only be used for covering overseas work trips. 2022-03-10
Finance Minister Nirmala Sitharaman announces a $35.14 billion package to stimulate the economy by boosting jobs, consumer demand, manufacturing, agriculture and exports hit by the COVID-19 pandemic. She said the package includes 9 billion rupees ($121 million) for development of a vaccine by the government’s biotechnology department. 2020-11-12
An initial report on a collision between container ships MV "Tolten" and MV " Hamburg Bay" near Karachi, Pakistan, that caused millions of rupees in damage and lost cargo last month suggests errors by MV "Tolten"s captain caused the collision and better tug provision by Karachi Port would have prevented it. 2018-04-16
Merck & Co. agrees to buy Idenix Pharmaceuticals for US$3.85 billion. 2014-06-9
Marathon Oil agrees to buy Hess Corporation's retail gas stations for $2.87 billion. 2014-05-22
The Indian rupee hits new record low against the US dollar. The rupee fell to 62.85 rupees against the dollar. 2013-08-17
The Indian rupee hits new record low against the US dollar. The rupee fell to 62.03 rupees against the dollar. 2013-08-16
The bollywood movie "Yeh Jawaani Hai Deewani" grosses Rs 19.45 crores on opening day in India, the highest figure obtained in 2013 thus far. 2013-06-1