Saturday, February 4, 2023
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Corporate Watch

Vedanta’s proposal to transfer Rs 12,587 crore from reserves gets proxy advisory firm’s backing

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In a notice to shareholders, Vedanta reasoned that the firm had over the years "built up significant reserves through transfer of profits
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Oil ministry seeks review of windfall tax; wants certain fields exempt

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Ministry has argued that windfall profit tax on domestically produced crude oil goes against the principle of fiscal stability provided in contracts
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Finmin calls meeting of PSU banks chiefs on Sep 21

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The Finance Ministry would review vacant positions and monthly recruitment plan of public sector banks (PSBs) and financial institutions in a meeting on Sept 21
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IBBI amends regulations to boost value of stressed companies

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IBBI has amended its regulations to allow sale of one or more assets of an entity undergoing insolvency resolution process
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IISc, Shell sign pact to promote R&D in energy, environment

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IISc and Shell India have entered into a partnership to promote research and development in the areas of energy and environment
Corporate Watch

Shell to install 10,000 EV charging points across India by 2030

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In the first phase of its launch, Shell plans to set up charging stations in Bengaluru across its fuel stations
Corporate Watch

Fitch slashes India’s FY23 GDP growth forecast to 7 pc

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Fitch said that compared to its June forecast of 7.8 per cent growth, it now expects the economy to grow 7 per cent in 2022-23
Corporate Watch

SBI raises benchmark lending rate by 0.7 percent

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Benchmark Prime Lending Rate (BPLR) revised as 13.45 percent per annum with effect from September 15, 2022," the SBI posted on its website
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Investors’ wealth tumbles Rs 2.21 lakh crore in early trade

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Investors' wealth eroded by over Rs 2.21 lakh crore, with the market witnessing a selling-off amid prospects of aggressive rate hikes by the US Fed Reserve
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Vedanta, Foxconn to invest Rs 1.54 lakh cr in India’s 1st chip factory

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Vedanta and Foxconn will make one of the largest ever investments of Rs 1.54 lakh crore in setting up India's first semiconductor plant in Gujarat
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