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SpiceJet, Credit Suisse end legal battle, sign settlement and consent terms

The settlement and consent terms, executed on May 23, 2022 between SpiceJet and Credit Suisse have also been filed before the Supreme Court of India for final orders

Flights delayed as ransomware attack on systems wrecks SpiceJet operations

Some flights had to be cancelled; airline claims problem mostly rectified, says it is in touch with expert and cybercrime authorities

IndiGo's cargo plans are independent of Interglobe-UPS JV, says airline

Interglobe Enterprise which holds 37.82% in IndiGo, is entering the business of logistics and cargo by forming a 50:50 joint venture with logistics giant UPS

Irdai sets up committees through GIC to suggest industry overhaul

These panels have been formed to look into areas of regulation, products, distribution, finance, health, finance, taxation, ease of doing business, among others

Bank of Maharashtra to pay 5% dividend from net worth on govt nudge

The payout will make a small dent in lender's capital adequacy ratio; stock sheds 3.73% on BSE

Country Delight raises $108mn in series D led by Venturi Partners & Temasek

Founded in 2013, the company delivers dairy, fruits, and vegetables to the doorstep of consumers.

PowerMin announces second special scheme in two years to clear discom dues

Total amouny owed to gencos at record Rs 1 trillion; scheme enables discoms to pay up in 48 instalments, freezes amount outstanding as on notification date

Aditya Birla Fashion charts expansion plan as lifestyle brands grow

Brokerages have mixed views about company raising funds, citing equity dilution and capital allocation risk.

Alipore Court restrains KPMG, banks from acting on SREI audit report

The order was passed on May 20, based on a petition by SREI promoter Hemant Kanoria. Next hearing on May 30

Investment firm DVC announces close of $80 mn fund for SaaS start-ups

It will invest in one company per quarter, or a total of approximately 20-25 companies over five years.

Bank of India's net profit rises 142.3% to Rs 606 crore in Q4FY22

The board recommended a dividend of Rs 2 per equity share (of face value of Rs 10) for 2021-22 subject to shareholders' nod

Cap on sugar exports will ensure availability in festivals: Food Secretary

Edible oil industry criticises zero-tariff quota on soy and sun oil; palm imports could fall to an 11-year low.

RBI cancels registration of five NBFCs due to irregular lending practices

The firms have been accused of charging excessive interest rates and harassing customers for loan recovery, among other things

MX Player will be biggest beneficiary of Indian OTT growth: Satyan Gajwani

Platform is not profitable today but will grow rapidly, says vice chairman of Times Internet.

'Most' Fed officials saw 50 bps rate hikes in June and July, show minutes

The 50-basis-point rate increase this month was the first of that size in more than 20 years, and has set the Fed on course for a quick tightening of monetary policy

Torrent Pharma posts Rs 118 cr Q4 loss vs Rs 324 cr profit a year ago

The red line comes amid headwinds in EU operatopns and discontinuation of liquids business in the US; revenue, however, grows by 10%

WTO MC12: India will agree to fisheries deal if it is 'equitable'

The current draft is unfairly constraining the less developed nations that don't have the capacity and resources to support their industry and farmers

IndiGo slips into losses due to exchange rate and higher fuel price

To deploy 60% more capacity in FY23 as it sees demand improving

Finding your 'generosity purposes'

Mr Kinney's is quite a persuasive voice and the circular continuum he suggests is for all those looking to create a lasting impact on the world

Aether Ind IPO subscribed 49% a day before close on sparse overall interest

None of the three investor categories completes quota, with HNI interest being the dullest at 16%