NEW DELHI: In a relief to Reliance Infrastructure, National Company Law Appellate Tribunal (NCLAT) on Wednesday stayed the insolvency proceedings against the company. Reliance Infrastructure in a regulatory filing said that NCLAT suspended the order passed by the NCLT over an appeal filed by it.On May 30, the Mumbai bench of NCLT had admitted an…
NEW DELHI: National Company Law Appellate Tribunal (NCLAT) on Wednesday declined to stay NCLT order directing to freeze assets of Gensol, its promoters, and related entities. It has directed two Gensol Group entities – BluSmart Premium Feet and Matrix Gas and Renewable – to approach Ahmedabad bench of the National Company Law Tribunal NCLT with…
Finance Commission chief Arvind Panagariya & UP cm Yogi Adityanath (PTI) Uttar Pradesh, despite having the second-lowest per capita income in the country, has emerged as one of the best-managed states financially, Chairman of the 16th Finance Commission Arvind Panagariya said on Wednesday.Speaking at a press conference at Lok Bhawan during the Commission’s visit to…
Nvidia’s newest Blackwell chips have significantly advanced the training of large artificial intelligence systems, dramatically reducing the number of chips needed to train massive language models, new data released Wednesday shows.The results, published by MLCommons, a nonprofit that issues benchmark performance results for AI systems, detail improvements across chips from Nvidia and Advanced Micro Devices…
A majority of states have recommended that the Centre increase their share in tax revenue distribution to 50 per cent, Arvind Panagariya, Chairman of the 16th Finance Commission, said on Wednesday.Currently, states receive 41 per cent of the divisible tax pool, while the remaining 59 per cent is retained by the Centre. Addressing a press…
Private equity major TPG on Wednesday pared its stake in Tata Technologies by 2.1 per cent, selling shares worth Rs 638 crore through an open market transaction.According to bulk deal data on the BSE, TPG Rise Climate SF, an affiliate of the U.S.-based investment firm, sold 85.16 lakh shares in Tata Technologies at an average…
Dubai is set to expand its residential inventory with the delivery of 73,000 homes in 2025, taking the emirate closer to a total of 300,000 new units by the end of 2028, according to research from property consultancy Cavendish Maxwell.As reported by Arabian Business, Dubai recorded 42,000 property sales transactions valued at AED 114.4 billion…
US stock market today: Markets on Wall Street moved slightly higher in early trading on Wednesday as investors monitored the onset of President Donald Trump’s 50% tariffs on steel and aluminum imports. Meanwhile, U.S. and European trade officials met in Paris to negotiate a resolution to their ongoing tariff dispute.At the open, the Dow Jones…
Gold rate today: Gold prices rose by Rs 260 to Rs 99,260 per 10 grams in the national capital on Wednesday, tracking strong trends in the global market, according to the All India Sarafa Association.The price of gold with 99.5% purity also increased by Rs 100 to Rs 98,700 per 10 grams, inclusive of all…
The Indian rupee weakened for the second straight session on Wednesday, closing 29 paise lower at 85.90 (provisional) against the US dollar. The decline was driven by risk-averse investor sentiment, foreign fund outflows, and lingering geopolitical tensions.Forex traders attributed the rupee’s fall to concerns over the Russia-Ukraine conflict, elevated crude oil prices, and caution ahead…
