BUSINESS
Facing fines, PSUs tell stock exchanges power to appoint directors vests with govt
"It is stated that ONGC, being a government company, power of appointment of Director (including Independent Director) is vested with the Government of India (GoI) as per the Articles of Association of the Company," ONGC said in a reply to stock exchanges.
Vishal Garg who fired 900 people on Zoom sees miserable public market debut
Once valued at $7.7 billion, Garg’s SoftBank-backed company faced a harrowing time as it went public via a SPAC merger.
India changing into mega economy due to digital public Infrastructure: Nandan Nilekani
He made the remarks at the B20 summit here, while noting that India turning into one mega economy is going to be the trend for the next 20 years.
Govt decides not to allow basmati rice exports below $1,200 per tonne
In a statement, the commerce ministry said it has directed trade promotion body APEDA not to register contracts below $1,200 per tonne.
PM Modi pitches for International Consumer Care Day for strengthening trust between businesses, consumers
He also said that treating other countries only as a market will not work.
Bankrupt Darshan Bathija-led Vauld to hire new CEO, Board to bailout creditors
The beleaguered crypto-lending will appoint a new CEO, a creditor representative, and a scheme manager, Bathija posted on X (formerly Twitter).
RBI to stay hawkish on interest rate: Acuite Ratings Chief Economist
However, with the inflation risk persisting, the RBI will continue to maintain a hawkish stance in the near future, Suman Chowdhury, Chief Economist and Head of Research, Acuite Ratings & Research, told IANS in an interview.
Expiry week could lead to some selling pressure
Markets gained on two of the five trading sessions, lost on two and remained flat on the fifth, showing how even-stevens things were. BSESENSEX lost 62.15 points or 0.10 per cent to close at 64,886.51 points while NIFTY lost 44.35 points or 0.23 per cent to close at 19,265.80 points.
Short term trend of Nifty continues to be negative, say analysts
However, a sizable upside bounce from the important lower support of 19K mark can't be ruled out in the near term. Immediate resistance is placed at 19,380 levels, he said.
Treating other countries only as a market will never work: PM Modi
"A profitable market can be sustained where there is a balance in the interest of producers and consumers. This also applied to nations, treating other countries only as a market will never work. It will even harm the producing countries sooner or later," Modi said while addressing the B20 Summit here.
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