MUMBAI: A day after Tata Trusts chairman Noel Tata warned that a listing “will destroy” Tata Sons‘ character and “strike at the heart” of an operating model that “has stood the test of time for more than a century”, Shapoorji Pallonji Group (SPG) chairman Shapoor Mistry took the contrary view, describing a public listing as…
The law now allows Trump to put up to 100% tariffs on Russian oil buyers US President Donald Trump has signed into law a sweeping sanctions package targeting Russia and Iran, giving his administration expanded powers to penalise countries that continue buying Russian oil and gas, including India.The “Lindsey O. Graham Sanctioning Russia and Iran…
Bulk consumers must declare their sugar stocks on the food department’s portal every Friday NEW DELHI: Ahead of the festive season, Centre Friday relaxed the stockholding limit for bulk sugar consumers, allowing them to hold sugar for up to 30 days instead of the existing 15 days, as retail prices have eased by nearly 10%…
Both the non-institutional investor and qualified institutional buyer categories were fully subscribed on the second day. NSE IPO subscription status: National Stock Exchange of India (NSE)’s initial public offering was fully subscribed on Friday, the second day of bidding, with non-institutional investors and qualified institutional buyers driving demand.The Rs 22,569-crore IPO has become India’s second-largest…
An error was made while his ITR was being prepared, resulting in Rs 9.6 lakh being incorrectly added. (Image for representative purpose only) When filing your Income Tax Return it is always prudent to be doubly sure. One mistake in entry led to a taxpayer receiving an income tax notice. The taxpayer erroneously added Rs…
Saudi Aramco to halt crude supplies to European refiners next month Saudi Aramco has informed at least two European refining customers that they will receive no crude oil next month following an attack on a key Saudi pipeline to the Red Sea, Bloomberg News reported on Friday.European customers typically receive Saudi crude under term contracts…
We judge a cost by how loudly it arrives, not by what it takes. From 15 October, UPI will no longer be free for merchants. It stays free for you. That is the whole news, and if that is all you wanted, you can stop reading here.But the messages have started. Will my SIP cost…
The rupee is stuck around the 95.7-96/dollar range. Why the mismatch with the record forex reserves data? India’s foreign exchange reserves are climbing to new record highs, thanks to the RBI’s FCNR(B) deposits scheme that has resulted in bumper inflows. Forex reserves are an important buffer that can help the central bank control any rapid…
Indian Railways is considering extending the run of its only hydrogen-powered train to Delhi. India’s first hydrogen train launched two months ago established Indian Railways’ technological prowess in running the world’s longest and highest-powered hydrogen train.However, even though the train has worked well as a technology demonstrator so far, its occupancy has been lower than…
The National Stock Exchange of India’s Rs 22,569-crore initial public offering (IPO) was fully subscribed on the second day of bidding on Friday, driven by strong demand from institutional investors.The IPO received bids for about 8.83 crore shares against 8.86 crore shares on offer by 2:44 pm, according to exchange data cited by Reuters.The issue…
