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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…
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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…
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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…
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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…
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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” »
Jio Financial Services Ltd (JFSL) demerged from Reliance last month. (File) New Delhi: Shares of Jio Financial Services, the demerged financial services unit of Reliance Industries, listed on the bourses on Monday, with the stock falling nearly 5 per cent on the NSE later in the trade. On the BSE, shares of the company began…
Read More “Jio Financial Services Shares Hit Lower Circuit In Debut Trade” »
T.V. Somanathan, Finance Secretary. File. | Photo Credit: KAMAL NARANG The government is expected to constitute the 16th Finance Commission by end of November, Finance Secretary T V Somanathan said. Finance Commission is a constitutional body that gives suggestions on Centre-State financial relations. It suggests, among other things, the ratio in which tax is to…
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The retail inflation touched a 15-month high of 7.44% in July, a spike from 4.87% in June. File | Photo Credit: PTI The government expects vegetable prices to start cooling off from next month with the advent of new crops in the market, but rising crude oil prices is a concern even though it is still…
Read More “Vegetable prices likely to cool down next month, says Finance Ministry” »