Air India writes off Rs7kcr for FY23 and turns EBITdar +ve
People familiar with the matter say that Tata's Air India wrote down an estimated Rs7,000 billion in FY23 due to impairments caused by the carrier's faulty engines and aircraft, as well as the low-cost airline AirAsia India.
FAME Red Alert: Return Sops to avoid legal action
A government official announced that the Centre would take legal action to recover incentives that were wrongfully claimed by electric vehicle (EV) manufacturers under the Faster Adoption and Manufacturing of Electric Vehicles II (FAME II) scheme.
AI may shield personal data of Indians that is in the public domain
According to the latest draft of Digital Personal Data Protection Bill 2023 approved by the Cabinet earlier this month, platforms that use artificial intelligence (AI), such as ChatGPT and Google's Bard, may not be able process personal data available in public domain.