The Supreme Court of India on Monday declined to stay proceedings in a plea filed by Vedanta Limited challenging the approval of AdGroup’s resolution plan for the takeover of insolvent Jaiprakash Associates Limited.A Bench led by Chief Justice of India Surya Kant observed that since the appeal is likely to be decided shortly by the…
Hyderabad: Aurobindo Pharma’s board on Monday approved a Rs 800 crore share proposal to buy back up to 54.23 lakh fully paid-up equity shares of the company of face value Rs 1 each at Rs 1,475 a share.The proposed buyback, which is subject to regulatory and statutory approvals, represents up to 0.93% of the total…
Getting LPG cylinders is set to become easier for migrant workers, students and daily wage earners! The government, on Sunday, allowed 5-kg Free Trade LPG cylinders to be sold without address proof, making it simpler for migrant workers, students and daily-wage earners to access cooking fuel. All that is needed now is a valid ID…
India is stepping up efforts to secure fertiliser supplies, with plans to import 2.5 million metric tonnes of urea as it works to stabilise availability in the domestic market amid tightening conditions linked to the US-Israeli war with Iran.This comes as ongoing tensions in the Middle East have been disrupting global energy flows and shipping…
NEW DELHI: CII has released a 20-point plan to help shield Indian companies grappling with the impact of the West Asia crisis, including tax and duty rejig for energy inputs, customs waiver for LNG, and long-term capital gains tax exemption for primary market investment to boost foreign capital inflows.Drawing upon the Covid-era toolkit, the industry…
Stock market began the week in red as tensions in the Middle East continue to intensify and benchmark indices tumble over 0.2%. While NSE Nifty50 opened below 22,800, BSE Sensex tumbled over 300 points. Around 9:25 am Nifty50 traded at 22,666.90, down 46 points or 0.2%. The 30 share pack Sensex also slipped 197 points…
NEW DELHI: Market regulator Sebi has held discussions with industry on steps that may be required to help them tide over the current crisis, even as RBI prepares to announce measures later this week to deal with the impact of the West Asia conflict.Sebi met industry bodies last week, where some steps have been proposed…
The government has stepped up LPG supply across the country and urged consumers to avoid panic buying amid concerns over disruptions linked to the Strait of Hormuz, PTI reported on Sunday.Sale of small 5-kg LPG cylinders, available over the counter at distributorships on valid ID proof, has been ramped up to meet demand. These market-priced…
Domestic equities are expected to remain volatile this week as investors track the Reserve Bank’s monetary policy decision, global macroeconomic cues and evolving developments in the West Asia conflict, analysts said, according to PTI.Market participants will also keep a close watch on crude oil price movements and foreign fund flows, which continue to influence sentiment.Vinod…
The Reserve Bank is expected to keep the benchmark repo rate unchanged at 5.25% in its April monetary policy review, as rising inflation risks linked to the Middle East crisis cloud the outlook, according to a poll of economists cited by PTI.Geopolitical tensions, volatile commodity prices and sharp currency movements — with the rupee hitting…