Business news India: Latest India business news headlines today 10 May 2023

Business news India: Latest India business news headlines today 10 May 2023

Here’s today business news, the latest business news India today 10 May 2023

Go First crisis: Lessors of aircraft want the DGCA to deregister 45 aircraft

Intel follows Amazon, Google, and other companies in eliminating jobs to slash expenses.
Markets reach a record high in early trading thanks to constant foreign fund inflow
HSBC is fined Rs. 1.73 crore by the RBI for failing to comply with Indian regulations.
The Investor Education and Protection Fund Authority has reportedly turned down a Sebi proposal to let companies handle investor claims and refund shares, dividends, and interest income held in a designated fund; reported Mint.
Nexus Select Trust raised ₹1,439.99 crore through 20 anchor investors a day before its ₹3,200 crore IPO opens on May 9.
National Investment and Infrastructure Fund Ltd is reportedly planning to launch its second fund-of-funds (FoF) to raise $1 billion to invest in the funds of local asset managers: Mint
KKR & Co. reported a 26% decline in its earnings for the first quarter of the current fiscal year from a year ago. It reported $719.3 million in distributable earnings for the March quarter.

Latest business news India today 10 May 2023 – business news India today

Twitter CEO Elon Musk has reportedly said that the social media platform will remove accounts that have been inactive for several years.
US-based fund manager Invesco has reportedly slashed the valuation of food and grocery delivery platform Swiggy; reported Mint.
DGCA has reportedly directed Go First to immediately stop bookings and sale of tickets till further orders.
RBI has reportedly imposed a monetary penalty on two co-operative banks —The Trichur Urban Co-operative Bank, Thrissur, and Bhilai Nagarik Sahakari Bank Maryadit, Bhilai for non-compliance with banking rules.

ED has seized 3 immovable properties located at Ceejay house, Worli, Mumbai to the extent of Rs 41.64 Crore under the provisions of FEMA 1999 in its investigation against Zavareh Soli Poonawalla & his family members.


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