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Equity benchmark indices Sensex and Nifty hit their record peaks in early trade on Thursday | Photo Credit: The Hindu Equity benchmark indices Sensex and Nifty hit their record peaks in early trade on Thursday in continuation of their ongoing rally, amid a largely firm trend in Asian markets along with buying in IT and…
Supreme Court threatens to throw SpiceJet CMD Ajay Singh into ‘Tihar jail’ over non-payment of dues to Swiss firm. | Representative Image | | Photo Credit: SUSHIL KUMAR VERMA The Supreme Court has come down hard on SpiceJet Chairman and Managing Director Ajay Singh, warning him he will be sent to Tihar jail for non-compliance…
File photo of Twitter and SpaceX owner Elon Musk | Photo Credit: Reuters SpaceX CEO Elon Musk tapped the rocket maker for a $1 billion loan around the time he was acquiring social media company Twitter, now known as X, the Wall Street Journal reported on Tuesday. SpaceX approved the loan, which was backed by…
Read More “Elon Musk borrowed $1 billion from SpaceX in same month of Twitter buyout: WSJ” »
Representational image | Photo Credit: PTI Equity benchmark indices climbed in early trade on Monday in line with firm trend in global markets and encouraging domestic macroeconomic data. Fresh foreign fund inflows also added to the optimistic trend in the domestic equity market. Extending its previous day’s rally, the BSE benchmark Sensex climbed 243.69 points…
File picture of the Vedanta logo outside its headquarters in Mumbai | Photo Credit: Reuters Mining and oil giant Vedanta ran a covert lobbying campaign to weaken key environmental regulations during the pandemic, OCCRP alleged in a new report. The not-for-profit organisation said the Indian government approved the changes without public consultation and implemented them…
Read More “Vedanta ran covert lobbying campaign to weaken environmental laws: OCCRP” »
Representational image | Photo Credit: AMIIT DAVE Shares of Adani group stocks fell on Thursday after a report from investigative reporting platform OCCRP alleged hundreds of millions of dollars were invested in publicly traded group stocks through Mauritius-based ‘opaque’ investment funds managed by partners of promoter family of billionaire Gautam Adani. The conglomerate denied the…
Read More “Adani Group stocks fall following OCCRP report” »
Stock exchanges have slapped fines on state-owned oil and gas firms including IOC, ONGC and GAIL for their failure to meet listing requirements | Photo Credit: Reuters Stock exchanges have slapped fines on state-owned oil and gas firms including IOC, ONGC and GAIL for their failure to meet listing requirements of having a requisite number…
Read More “Stock exchanges slap fines on IOC, ONGC, GAIL for failure to meet listing regulations” »
A man walks past the logo of Vedanta outside its headquarters in Mumbai. File | Photo Credit: Reuters Mining magnate Anil Agarwal’s Vedanta Ltd has won an arbitration against a demand for a higher payout from its prolific Rajasthan oil and gas fields after disallowance of ₹9,545 crore ($1.16 billion) in certain costs incurred, the…
Read More “Vedanta wins arbitration against government in $1.1-billion cost disallowance case” »
A two-member inspection team of the Directorate General of Civil Aviation (DGCA) has found lapses in internal safety audits of Air India and the regulator is probing the matter, according to officials. When contacted, an Air India spokesperson said that all airlines are subject to regular safety audits by regulators and other bodies. “Air India…
Read More “DGCA inspection finds lapses in Air India’s internal safety audits” »
File picture of people standing next to a logo of Jio Financial Services ahead of its listing ceremony at the BSE in Mumbai, on August 21, 2023 | Photo Credit: Reuters Shares in India’s Jio Financial Services (JFS) slid the maximum allowed 5% for a second straight day on Tuesday, which will likely delay their…
Read More “Jio Financial continues slide, likely delaying index removal” »
