MCA says its role in appointing NCLT members is only administrative, a day after the Supreme Court accused the ministry of “completely hijacking” the tribunals NEW DELHI: A day after Supreme Court’s observation on the role of ministry of corporate affairs in the appointment and infrastructure in the National Company Law Tribunal and the appellate…
Sebi extends FPI KYC review timelines from one to two years and three to eight years to ease compliance, while retaining the 10-year cycle for Swagat-FIs MUMBAI: To simplify the compliance process for foreign portfolio investors (FPIs) registered in India, markets regulator Sebi on Friday extended the periodicity of Know Your Client (KYC) review from…
LNG imports hit a record 2.7 million tonnes in October, rising 17.4% on higher demand and a rebound in supplies from Qatar. NEW DELHI: India’s LNG imports rose 17.4% to a record 2.7 million tonnes so far in Oct on the back of higher demand from the power, fertiliser and city gas distribution sectors. Besides,…
Indian Oil posts record Rs 22,503 crore Q2 profit, 2.7 times higher year-on-year, as lower crude prices and strong petrochemical and gas margins boost earnings NEW DELHI: State-run Indian Oil Corporation (IOC) reported record profit of Rs 22,503 crore during the Sept quarter – a 2.7-fold jump over a year ago – driven largely by…
NHAI caps toll plazas on future national highway projects at eight lanes, with MLFF tolling aimed at reducing land acquisition and public spending New Delhi: All future national highway projects, including those where construction is yet to begin, will have toll plazas with not more than eight lanes, as NHAI has made Multi-Lane Free Flow…
US stocks ended sharply lower on Friday, as a sell-off in technology shares dragged major indexes to their biggest daily losses since June. Intel was among the biggest losers, with its shares plunging nearly 30%. (UnSplash) Nasdaq, S&P 500 and Dow Jones extend losses The Nasdaq Composite fell 2.86% to close at 25,437.00. The S&P…
Wall Street stocks fell sharply on Friday as disappointing results from major technology companies raised fresh concerns about the money being poured into artificial intelligence (AI). The Nasdaq 100 dropped nearly 4%, bringing it close to correction territory, while the S&P 500 fell around 2%. The Nasdaq 100 fell 4% as weak tech results and…
Tata Motors announced Iveco deal in 2025. NEW DELHI: Tata Motors on Friday acquired an 89.42% stake in Italian commercial vehicle maker Iveco Group for around 3.43 billion euros after the initial settlement of its cash tender offer, taking control of the European company as the acquisition process continues.The deal makes Iveco an indirect subsidiary…
Nasdaq faces $2 trillion wipeout Over $2 trillion in market value is at risk for the tech-heavy Nasdaq 100 this month as investors question whether massive AI investments will pay off quickly enough.The possible loss would even be higher than SpaceX’s entire market value.The index has already fallen more than 5.8% in October as concerns…
Reliance Industries posts highest-ever Q2 revenue NEW DELHI: Reliance Industries Limited (RIL) reported its highest-ever quarterly consolidated gross revenue in the July-September quarter of FY27, with revenue rising 27.8% year-on-year to Rs 3,62,268 crore. The company’s profit increased 33.8% to Rs 29,550 crore, marking its highest quarterly profit on a recurring basis.The company’s consolidated earnings…
