Domestic equity markets showed consolidation for two consecutive sessions following last week’s strong rally. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in green on Tuesday. While Nifty50 went above 25,000, BSE Sensex was above 82,000. At 9:21 AM, Nifty50 was trading at 24,947.20, up 2 points to…
NEW DELHI: In a setback to Airtel and Vodafone Idea, Supreme Court on Monday dismissed their plea for waiver of interest and penalty relating to adjusted gross revenue (AGR) dues, which are to the tune of Rs 80,000 crore.The order will also impact Tata Teleservices.The outstanding AGR following the original SC ruling in 2019 to…
Democrats who had sided with the rest of their party last week to block the measure over concerns that President Trump could benefit dropped their objections. They argued that regulating the industry was urgent. Source link
ED arrests UCO Bank exchairman Subodh Goel in connection with Rs 6210 fraud case. (Representative photo) NEW DELHI: Enforcement Directorate (ED) on Saturday arrested Subodh Goel, retired chairman and MD of UCO Bank, from his residence here for allegedly taking bribes to sanction loans of more than Rs 6,200 crore.Goel, who had been appointed to…
NEW DELHI: Elon Musk‘s Starlink looks set to clear the final regulatory hurdle for beginning satcom services in India. IN-SPACe, the nodal agency under the department of space (DoS), is likely to grant approval to the company for launching commercial satellite broadband services.The inter-ministerial standing committee of IN-SPACe (Indian National Space Promotion and Authorisation Centre),…
General Motors has halted exports of a small number of American-made vehicles to China as a result of tariffs imposed during President Trump’s trade battles with that country. The automaker confirmed on Monday that it had stopped sending Chevrolet Tahoe sport utility vehicles to China and will forgo plans to export other high-end models there….
Hon Hai Precision Industry Co., the main manufacturer of Apple Inc.‘s iPhones, will inject $1.5 billion into its India unit as production shifts away from China.The Taiwan-based company said in an exchange filing on Monday that it had made the investment through its Singaporean subsidiary. Hon Hai, which is building new plants and adding production…
The arrest of a political science professor shows Indian leaders’ sensitivity to the political fallout from the military flare-up. Source link
MUMBAI: Sebi has threatened two Mauritus-based funds with investments in the Adani Group that they could face penalties and cancellation of licences for not sharing shareholding details despite repeated requests over two years, according to a document reviewed by Reuters.The Adani Group and its 13 offshore investors have been facing an investigation by the Sebi,…
Regeneron Pharmaceuticals said it would acquire 23andMe, which filed for bankruptcy in March and would continue to offer consumer DNA testing services. Source link
