Cash-strapped Go First is unlikely to restart operations within a month as Directorate General of Civil Aviation (DGCA) on May 25 granted 30 days to the airline to submit a restructuring or revival plan, including fleet, pilots, maintenance plans.

The order came after Go First submitted their response to DGCA's show cause notice issued on May 8.

"Go First has requested that they be allowed to use the moratorium period to prepare a comprehensive restructuring plan for restarting operations and present the same to DGCA for the requisite regulatory approvals before restarting operations," said DGCA official.

Largest life insurer in India, LIC posted impressive growth in the bottom-line for the fourth quarter of FY23. Consolidated Q4 FY23 PAT stood at ₹13,190.79 crore, rising by a breathtaking 447.47% or 5.5 folds year-on-year. In the previous fiscal's Q4, the PAT stood merely at ₹2,409.39 crore.

Sequentially, the growth was 107.77% in Q4 PAT.

Crisis-hit airline Go First on Tuesday told the General of Civil Aviation (DGCA) it hopes to resume flight operations at the "earliest" but has not given any tentative date by when it plans to do so and with what scale.

Undergoing insolvency, the airline has replied to the showcause notice issued by the regulator based on which a call is to be taken its license.

Minerals major Vedanta Ltd. announced the first interim dividend of Rs 18.50 per share for financial year 2024. Vedanta's board approved the dividend in a meeting on Monday. 

The total outgo for the dividend payout is Rs 6,877 crore, the company informed exchanges. ALSO READ Vedanta Q4 Results: Profit Drops 57% But Beats Estimates The record date for the dividend is May 30. The interim dividend will be paid within stipulated timelines as prescribed under law, Vedanta said. 

Earlier on Monday, Vedanta shares closed 1.9% higher at Rs 287.35 apiece, as compared with a 0.38% jump in the S&P BSE Sensex, which ended the day at 61,963.68.

In the fiscal year 2022-2023, India witnessed a decline in its import of electronics products (HS85) from China. The import value decreased from $30.3 billion in FY22 to $27.6 billion in FY23, reflecting a significant slide. Notably, this decline was particularly notable in the electronics sector, where the production-linked incentive (PLI) scheme was operational. Several specific electronics items experienced significant reductions in imports during this period. For instance, imports of solar cells, parts, and related components saw a substantial decline of 70.9 per cent. Similarly, there was a 23.1 per cent decrease in imports of laptops and personal computers, and a 4.1 per cent decline in mobile phone imports.