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The Insolvency and Bankruptcy Code (IBC) allows for interim financing to existing creditors of an insolvent company for routine functioning, but most lenders are wary of any additional exposure.

Tata-backed Cult.fit looking at IPO in 12-18 months

Updated at : 2022-10-19 09:20:01

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The company - which counts Tata Digital and Zomato as investors - is doubling down on its core fitness and fitness products business for now.

Netflix subscriber growth beats expectations

Updated at : 2022-10-19 09:20:01

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Netflix also reported a quarterly profit of $1.4 billion on revenue of $7.9 billion -- a net income slightly less than in the same period a year ago when it brought in more money.

Traders are on high alert for the Ministry of Finance and Bank of Japan to step into the market again, as the currency pair pushes toward the key psychological barrier at 150. A cross of 145 about a month ago spurred the first yen-buying intervention since 1998.

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This change is already beginning. The share of investors anticipating lower short-term rates in the next 12 months doubled to 28% in October from September, while those seeing higher rates continued to fall from the early 2022 peak of 92% to 59% this month, it said.

Traders are on high alert for the Ministry of Finance and Bank of Japan to step into the market again, as the currency pair pushes toward the key psychological barrier at 150. A cross of 145 about a month ago spurred the first yen-buying intervention since 1998.

“Air Works has developed extensive operational capabilities within the country for key defence and aerospace platforms. From the first P-8I aircraft Phase 32 checks to Phase 48 checks and MRO on the landing gear of the Indian Air Force’s 737 VVIP aircraft, Air Works undertakes base maintenance for ATR 42/72, A320 and B737 fleet of aircraft from its EASA and DGCA-certified facilities at Mumbai, Delhi, Hosur and Kochi,” said a statement.

Airtel added a modest 0.32 million mobile users, taking its total wireless customer base to 363.80 million, while loss-making Vodafone Idea continued to lose mobile users. Cash-strapped Vi lost over 1.95 million mobile users in August, shrinking its user base further to 253.14 million, reflecting its continuing struggles on the 4G operations front.

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"While favourable base effects and higher inflation are partly driving up nominal NFC growth, adjusted for that, real NFC growth looks more modest," according to Aastha Gudwani and Mohamed Faiz Nagutha, economists at Bank of America Securities.

Asian stocks had a mixed open on Wednesday as traders assessed a solid start to the corporate-earnings season that helped extend a rally in US markets.

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