Aditya Birla Idea Payments Bank to shut operations

The company is the fourth payments bank to shut shop after Tech Mahindra, Cholamandalam Investment and Finance Company and a consortium of Dilip Shanghvi, IDFC Bank Ltd and Telenor Financial Services that pulled the plug of operations. Continue Reading

MP govt, Cambridge Assessment English ink pact

Cambridge Assessment English, a department of the University of Cambridge has signed a memorandum of understanding (MoU) with the Higher Education Department, Government of Madhya Pradesh. Continue Reading

Air pax up 6.2% in June as local carriers ferry over 12 mn fare payers

Data from regulator DGCA states that local carriers took on board 12.02 million passengers in the month. It follows a marginal under three per cent growth in May ferrying 11.2 million passengers. Continue Reading

India allows 1,239 tonnes raw sugar export to US

“Additional quantity of 1,239 tonne of raw cane sugar to be exported to USA under TRQ up to 30 September has been notified,” Directorate General of Foreign Trade (DGFT) said in a public notice on Wednesday. Continue Reading

Goair hires ex-Airbus executive as COO

The Wadia group-run low-cost airline Goair, which has been headless since February, has hired industry veteran Miranda Mills, a former executive of Airbus and Rolls Royce, as its chief operating officer. Continue Reading