File photo: Supreme Court of India NEW DELHI: Observing that a wrongdoer cannot be allowed to use the plea of investors having gained, Supreme Court on Monday upheld Sebi’s action against Kotak Mahindra Asset Management Company (Kotak AMC), its trustee company, and senior executives, including MD Nilesh Shah, for violation of mutual fund rules over…
File photo: Finance minister Nirmala Sitharaman NEW DELHI: Finance minister Nirmala Sitharaman on Monday asked banks to enhance outreach to NRIs and introduce “innovative deposit products” to sustain the momentum of foreign currency deposits.Sitharaman met representatives of public sector banks and public financial institutions along with senior officials from the finance ministry as she reviewed…
The Supreme Court has appointed L Nageswara Rao,a retired apex court judge MUMBAI: The Supreme Court has appointed L Nageswara Rao, a retired apex court judge, to mediate the family dispute over more than Rs 1 lakh crore in assets between Bharat Forge chairman Baba Kalyani and his sister Sugandha Hiremath.The court gave the parties…
BENGALURU: HCLTech on Monday announced plans to invest up to Rs 3,500 crore to establish AI data centres, with the potential to scale to 50 MW of capacity, targeting rising demand from enterprises and govts for sovereign AI infrastructure.“AI has fundamentally changed the economics of computing. For us, the data centre is the foundation for…
Will Be Signed At Right Time, Both Nations On Same Side, No Challenges Seen: Comm Secy NEW DELHI: Government on Monday asserted that talks for the first tranche of a bilateral trade deal are making good progress and a framework deal is ready, which will be signed at “the right time””There was a very good…
The final equity payment to Shell will be calculated after taking into account adjustments related to debt, cash and other items outlined in the transaction agreements. (AI image) Aditya Birla Renewables Ltd (ABRen), the renewable energy arm of Grasim Industries, has entered into an agreement to acquire Sprng Energy from Shell Overseas Investment BV in…
Trump said the toll would be used to meet “any and all costs necessary to do the job of providing safety and security to this very volatile section of the World.” (AP Photo) Trump announces toll for Hormuz: US President Donald Trump said on Monday that the US is “reinstating” a blockade on Iran in…
Trade between India and the US continues to expand, while India’s imports of energy from the US have also been increasing. When will the India-US trade deal be signed? Negotiations between India and the US on a trade agreement are moving ahead smoothly, with the framework deal now ready and awaiting signing at an appropriate…
NEW DELHI: Centre on Monday firmly rejected reports claiming that India was delaying an interim trade agreement with the United States, calling them “completely false, baseless and misleading” and asserting that negotiations between the two countries remain on track.The clarification came after a Reuters report claimed that India was unwilling to rush into a trade…
India’s merchandise imports surged 31% year-on-year to $70.84 billion India’s merchandise imports surged 31% year-on-year to $70.84 billion in June. Merchandise exports rose 15.5% to $40.41 billion during the month, while imports climbed sharply, driven by higher purchases of crude oil, electronics, machinery and precious metals, commerce secretary Rajesh Agarwal said during a press briefing…
