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Factors like increase in counterfeiting of Rs 2,000 denomination banknotes, people preferring lower denomination notes may also be the reasons for the Reserve Bank of India (RBI) announcing the gradual withdrawal of that note.

The committee said Sebi has also found that some entities have taken short positions prior to the publication of the Hindenburg report and have profited from squaring off their positions after the price crashed upon publication of the report.

The Supreme Court on Wednesday asked the Securities and Exchange Board of India (SEBI) to submit an updated status report on August 14 on its probe into the Adani-Hindenburg controversy.

The European Union (EU) should crack down on India reselling Russian oil as refined fuels including diesel into Europe, the blocs chief diplomat has said, as western nations move to tighten sanctions on Moscows energy sector, the media reported.

Air India has decided to extend the deadline for pilots to accept the revised compensation structure, despite facing opposition from two unions, according to sources.

Consumer affairs ministry sources said that there is a lot of confusion over the fact that compulsory hallmarking is going to come into effect from July 1 onwards on gold bullion, which is not the case.

For the pilots of Go Airlines (India) Ltd, it seems their employer is a "no go airline" and the race is on as to who will board the Air India.
Incidentally, Go Airlines' brand is Go First and for the pilots it seems to "get away first".

India's foreign exchange reserves increased marginally by $4.53 billion to $588.78 billion during the week ending April 28, according to Reserve Bank of India data released on Friday.

He said that the US market faced losses as the Fed reiterated concerns over elevated inflation despite softening its language on future rate hikes. Signs of returning contagion fears in regional US banks also weighed on the global market mood.

The hiking of rates by the US Fed has put pressure on the dollar and indications of pausing and a likely mild recession in the later part of 2023 have provided support to gold prices, Shah added.

Terming the human resource (HR) policy of Air India Ltd as "draconian approach" and "driven by a lack of trust", two pilot bodies have appealed to the Tata Group Chairman N. Chandrasekaran to intervene and rectify the situation.

Reliance Industries Limited (RIL) has posted record annual consolidated revenues at Rs 9.76 lakh crore ($118.8 billion) for FY 2022-23, up 23.2 per cent year-on-year (Y-o-Y) supported by continuing growth momentum across all businesses.

India's wholesale price index (WPI)-based inflation fell to a 29-month low of 1.34 per cent in March owing to a steep fall in indexes of primary articles, manufactured products, fuel and power as well as food.

The great Indian startup and unicorn party, which saw record funding volumes in 2020, 2021 and the first half of 2022, appears to be over for now as several top names in the ecosystem continue to bleed money, with no respite in sight in FY23.

India's retail inflation, which is measured by consumer price index (CPI), fell to 5.66 per cent in March from 6.44 per cent in February, according to official data released on Wednesday.

Renowned industrialist Keshub Mahindra, the Chairman Emeritus of the industrial conglomerate Mahindra Group, passed away here on Wednesday morning, an official said. He was 99 and breathed his last peacefully at his home.

Oil prices have surged after several of the world's largest oil exporters announced surprise cuts in production. The price of Brent crude oil was trading above $84 a barrel in Asia after jumping by more than $4, or 5 per cent, the BBC reported.

New York-based investment firm BlackRock in a private assessment has slashed the valuation of edtech major BYJU's to $11.15 billion from its $22 billion valuation that the company keeps referring to, according to a report in The Arc, citing the filings.

Globally too the markets rallied up with foreign institutional investors (FII) being the net buyers. However, volatility in the market will continue owing to the banking crisis in the US and Europe, they added.

According to the findings by a working group constituted by the Reserve Bank of India (RBI), between 2017 and 2020, the quantum of loans disbursed, rose from Rs 11,671 crore to Rs 1,41,821 crore, i.e. a 12-fold rise.

Corporate insolvency resolution process (CIRP) was initiated in the cases of DHFL, ABG Shipyard and Bhushan Power and Steel (BPSL), and resolution plans were approved in cases of DHFL and BPSL, with amount realisable to creditors of Rs 37,167 crore and Rs 19,895 crore, respectively.

Asian markets fell on Monday and European markets were trying to recover after a negative opening as steps taken by central banks to boost liquidity and a deal to rescue Credit Suisse failed to quell investor worries of severe turbulence in the banking sector.

"We expect gold to gain further and touch new highs in the next few months. Domestically, it is expected to trade in the range of Rs 61,000-62,000/10gm. Internationally, it may scale levels of $2,050-2100/oz," he added.

Wall Street stocks have fallen, dragged down by banks. The S&P 500 financial sector index has lost 2.2 per cent while the KBW regional banking index has tumbled 3.8 per cent, the media reported.

Sources said that nearly 2,100 employees meet the criteria to avail of the latest voluntary retirement offer. Air India's current workforce stands at nearly 11,000, which includes flying and non-flying staff.