Moneycontrol Daily: Your Essential 7

The company announced in a regulatory filing that the net interest income (NII) for the quarter reached Rs. 8,251 crore, showing a growth of 21.88%. The Board of Directors has recommended a dividend of Rs. 3 per share for the year ended March 31, 2023, subject to requisite approvals. Read more here.

Today

PM Modi to address rallies in Karnataka
Cyclone Mocha landfall likely
Japan PM Kishida to visit South Korea
IPL 2023: SRH vs LSG

Tomorrow

Amid bad weather, Kedarnath Yatra registration suspended until today
Two-day Haryana Cabinet meet starts today
Mohan Bhagwat on five-day visit to Guj for RSS training camp
IPL 2023: KKR vs PBKS

Loss-making budget airline Go First’s move on May 2 to file for bankruptcy took the lessors off guard who are now caught between a rock and a hard place. If the National Company Law Tribunal (NCLT) accepts the airlines’ insolvency plea and request for a moratorium on its financial obligations, they will not be able to take back their aircraft from the airline even as they don’t get paid. Read more here. 

Used car dealers, including prominent online players, such as Cars24, Spinny, Olx Auto, and Mahindra First Choice wrote to the Ministry of Road Transport and Highways (MoRTH) highlighting glitches found in the newly-launched registration portal and reviewing certain guidelines implemented last year, multiple sources aware of the matter told Moneycontrol. Read more here. 

Home loans are a popular financing option for the middle-class, who want to own a house. The middle-class segment in India constitutes a significant part of the population, and home loans have become increasingly popular among them. The availability of home loans through banks and other financial institutions at competitive interest rates has made purchasing homes more affordable for this segment. Read more here

Delhi recorded 113 fresh coronavirus cases with a positivity rate of 8.21 per cent and three Covid-linked deaths on Saturday, according to data shared by the city government's health department. In its latest bulletin, it, however, said the complete case sheets of the three fatalities are awaited from hospitals. Read more here. 

The coronation ceremony Charles III is about to go through reflects how monarchy has developed since Saxon times, but it still carries many vestiges of Britain’s imperial past. Read more here.