NEW DELHI: The rapid growth in solar and wind power generation, along with rising grid congestion and renewable energy curtailment, has prompted govt to announce a new transmission scheme with the launch of the third phase of the Green Energy Corridor (GEC), which got the Cabinet’s nod on Wednesday.With an outlay of nearly Rs 1.9…
The ITAT Bangalore ordered the deletion of the entire addition of Rs 14,96,500 made under Section 69A. (Image for representative purpose only) When it comes to income and taxation, documents and money trail form an important part of the process. This is particularly important when income from any of your sources is in cash. In…
Nayara Energy raises petrol and Diesel amid West Asia war. NEW DELHI: Oil marketing companies have increased the price of bulk diesel by Rs 14.6 per litre, while private retailer Nayara Energy has raised pump prices of petrol and diesel by Rs 5 and Rs 3 per litre respectively, as elevated crude prices have started…
NBFC asset quality remains resilient despite potential RBI rate hike (representative image) A potential Reserve Bank of India (RBI) rate hike is unlikely to trigger broad-based stress in the asset quality of non-banking financial companies (NBFCs), with risks expected to remain concentrated in select segments unless monetary tightening is prolonged or accompanied by a major…
Nayara hikes petrol prices amid pressure from rising oil prices Nayara Energy has raised petrol prices by Rs 5 a litre and diesel prices by Rs 3 at its outlets, as the private fuel retailer moves to narrow the gap between domestic pump prices and higher international crude and refined-product costs.The increase came into effect…
Lukoil oil deal enters US-Russia-Ukraine talks Talks between the US and Russia over ending the war in Ukraine have expanded to include a proposed multibillion-dollar deal for Lukoil’s international oil assets, with the prospective investor group including people with business ties to US President Donald Trump’s allies. The deal would require approval from both the…
Sebi to quickly move ahead with proposals Sebi chairman Tuhin Kanta Pandey on Saturday said that the market regulator would soon move ahead with its proposed changes to the Closing Auction Session (CAS) mechanism after receiving more than 3,500 comments on its consultation paper.The regulator had invited views on changes to the CAS, market timings…
It is a risky but form of secured loan but is highly affected by market performance (Representative image) Need money, but don’t want to sell what you own? That’s where borrowing against an asset can come in handy. You might think of gold, home or personal loan, but one asset you may not immediately think…
The High Court observed that the tenant’s conduct indicated that he was neither a bona fide occupant nor a genuine tenant. (Image for representative purpose only) You are a tenant in a property, but the rent agreement is unregistered. Are you entitled to protection from eviction proceedings? The Madras High Court has held that a…
RBI governor Sanjay Malhotra Reserve Bank governor Sanjay Malhotra on Saturday said that the central bank remains committed to monitoring emerging vulnerabilities and maintaining a strong and resilient financial system, even as the financial sector remains resilient with healthy balance sheets of banks and NBFCs.“Today’s resilience may not necessarily imply tomorrow’s immunity, and we are…
