BUSINESS
OMCs to explore fuel price revision post elections
However, the two petroleum products may see revision again post conclusion of ongoing state elections. With crude remaining below $65 a barrel, any softening on global oil in wake of fresh wave of the pandemic and rising oil stocks in US could actually mean lower petrol and diesel prices for consumers in India.
Adani Ports to be removed from Dow Jones Sustainability Indices
The change will come into effect prior to the opening of the indices on Thursday. In a statement, S&P Dow Jones Indices said that the decision was taken after an analysis was conducted on the company post the news reports over its alleged commercial link with the Myanmar military.
Equity indices in green, auto, banking stocks rise
Healthy buying activity was witnessed in banking and auto stocks. The indices have, however, declined from the intra-day highs. At around 11.25 a.m, Sensex was trading at 48,030.96, higher by 147.58 points or 0.31 per cent from its previous close of 47,883.38.
Rs 17 lakh fine on Future General India by IRDAI
The Insurance Regulatory and Development Authority of India (IRDAI) had also issued various directions and advisories to Future Generali India on several regulatory violations. The insurance regulator had carried an on-site inspection of Future Generali India in January 2018.
SEBI fines Yes Bank for fraudulent acts on customers in 'Super FD' scheme
In a 61-page order by Adjudicating Officer Soma Majumder, the SEBI said Yes Bank, being a company, acted through its employees to "perpetrate such fraudulent acts on its hapless and unsuspecting customers, some of whom were influenced to even alter their investment positions from FDs to these risky AT1 bonds".
CAIT counters Gautam Adani on Flipkart partnership
Replying to Adani, Chairman, Adani Group on Twitter, Khandelwal said: "Regrets. It's the same #flipkart which is indulging in flouting rules & policies and facing pending investigations and #AdaniGroup joining hands with killers of small businesses."
Lockdown fears trigger biggest crash of 2021; Sensex down over 1,700 pts
This spooked investors and led the S&P BSE Sensex and NSE Nifty50 to crash by around 3.5 per cent each.Notably, majority of sectors ended in deep red with massive selling being witnessed in PSU banks, followed by media, realty, private banks, financials, metals, auto, infra and energy.
Manufacturing slump contracts industrial output by 3.6% in February
Data released by the Ministry of Statistics and Programme Implementation on Monday showed that the Index of Industrial Production (IIP) for February contracted by 3.6 per cent over the same month a year ago. On a sequential basis, the IIP had contracted by 0.87 per cent. For the April-June period of the previous financial year, the IIP fell by 11.3 per cent.
Vodafone Idea to pay balance license fee by April 15
Days after the Department of Telecommunications issued a show-cause notice to the company over non-payment of license fee in seven circles, Vodafone Idea said, in a regulatory filing, that it will send a "suitable clarification" to DoT on the same.
BYJU'S raises $455 mn led by Baron Funds as part of $1B round
Citing government filings by the company, Inc42 reported that existing investors like Silver Lake Management, Owl Ventures, and T. Rowe Price etc are also participating in the round. The latest fund-raising comes after the BYJU'S announced to acquire Aakash Educational Services Ltd (AESL) through a strategic merger. The deal size is also pegged at close to $1 billion, according to a person familiar with the transaction.
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