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
Russia avoids default on the dollar-denominated bonds that were due in April by sending dollars to foreign investors just before the grace period expired. 2022-05-3
The Russian ruble experiences extreme buy–sell spreads. While the currency exchanges in banks offer a range of 70–90 rubles per US dollar and 80–100 rubles per euro, sell quotes vary from 100 rubles to over 150 rubles for 1 US dollar. Panic selling is suspected as a reason for the fluctuations. 2022-02-27
The Sandiganbayan, the Philippines' anti-graft court, orders Royal Traders Holding Co. Inc., a bank formerly controlled by the late dictator Ferdinand Marcos, to pay the Philippine government an estimated PHP1 billion ($32.446 million) in bank certificates that were confiscated by the United States Customs Service after Marcos was deposed in 1986. 2021-09-29
Within hours of a government announcement that Kazakhstan will abandon its currency-band exchange-rate system to implement a free-floating exchange rate, the tenge loses 26% of its value against the US dollar. 2015-08-20
Japanese life insurance company Dai-ichi Life purchases financial service holding company Protective Life for $5.7 billion. 2014-06-4
American multinational private equity firm Kohlberg Kravis Roberts purchases American new media company Internet Brands for $1.1 billion. 2014-06-4
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