Business conglomerate Vedanta Group has approached the National Company Law Appellate Tribunal (NCLAT), challenging the NCLT’s approval to Adani Group‘s bid for acquiring Jaiprakash Associates Ltd for Rs 14,535 crore. Anil Agarwal-led Vedanta Group was in the race to acquire Jaiprakash Associates Ltd (JAL) through an insolvency process, but the lenders in November last year…
The Securities and Exchange Board of India (Sebi) board will meet on Monday to deliberate on a wide-ranging agenda that includes a proposal to ease fund settlement norms for foreign portfolio investors (FPIs) and changes to regulatory frameworks governing market intermediaries, people familiar with the matter told news agency PTI.A key proposal before the board…
Indian companies are facing supply-chain disruptions ranging from shipment delays to shortages of key raw materials due to the ongoing conflict in the Middle East, the Confederation of Indian Industry (CII) said on Sunday, highlighting rising stress in sectors dependent on global trade flows.In a statement, CII director general Chandrajit Banerjee said, as quoted PTI,…
The government will launch the seventh tranche of auctions for critical and strategic minerals on Monday, putting 19 blocks on offer across multiple states as part of efforts to strengthen domestic resource security.The move comes as India seeks to boost self-reliance in clean energy, advanced technologies, fertilisers and other strategic sectors amid global supply-chain disruptions,…
Foreign investors have turned cautious on Indian equities this month, pulling out Rs 88,180 crore so far as rising global tensions, a weakening rupee and high oil prices dent sentiment. The sharp outflow comes just weeks after a strong February, when foreign portfolio investors (FPIs) had pumped in Rs 22,615 crore, the highest in 17…
India is preparing a contingency plan to evacuate its ships currently stuck in the Persian Gulf. (AI image) Looking to secure crucial energy supplies amidst the Middle East crisis and US-Iran war, India is readying a plan to get ships safely through the Strait of Hormuz. India is preparing a contingency plan to evacuate its…
India does not expect the ongoing Middle East conflict to significantly disrupt its ability to meet peak summer electricity demand, with the government banking on coal, renewables and battery storage to offset any stress from gas supply disruptions.Speaking on the sidelines of the Bharat Electricity Summit 2026, power secretary Pankaj Agarwal said the country’s electricity…
The Middle East crisis has left oil markets on edge, and the volatility is expected to continue. Prices are likely to stay high, even as forecasts vary on how long the surge will last, with the ongoing conflict still disrupting global supplies. Prices edged lower on Friday but held firmly above the $100 mark, reflecting…
NEW DELHI: Following a temporary waiver issued by the US administration on sanctioned Iranian oil stranded at sea, Indian refiners on Saturday said they would be keen to buy the crude, even as Tehran maintained that no surplus stocks existed.US treasury secretary Scott Bessent announced the waiver on Friday, saying that by temporarily unlocking this…
MOSCOW: The US-Israeli missile attack on Iran’s Bandar Anzali, a key transit hub on the INSTC linking Mumbai with St Petersburg, is a major blow to the Indo-Russian ambition of boosting bilateral trade to $100 billion by 2030 via the crucial corridor, experts said Saturday.The 7,200-kilometre long multi-modal International North-South Transport Corridor (INSTC) links Mumbai…