Saturday, February 4, 2023
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Vedanta’s proposal to transfer Rs 12,587 crore from reserves gets proxy advisory firm’s backing

In a notice to shareholders, Vedanta reasoned that the firm had over the years "built up significant reserves through transfer of profits

Oil ministry seeks review of windfall tax; wants certain fields exempt

Ministry has argued that windfall profit tax on domestically produced crude oil goes against the principle of fiscal stability provided in contracts

Finmin calls meeting of PSU banks chiefs on Sep 21

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

IBBI amends regulations to boost value of stressed companies

IBBI has amended its regulations to allow sale of one or more assets of an entity undergoing insolvency resolution process

IISc, Shell sign pact to promote R&D in energy, environment

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

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

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

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

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

SBI raises benchmark lending rate by 0.7 percent

Benchmark Prime Lending Rate (BPLR) revised as 13.45 percent per annum with effect from September 15, 2022," the SBI posted on its website

Investors’ wealth tumbles Rs 2.21 lakh crore in early trade

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

Vedanta, Foxconn to invest Rs 1.54 lakh cr in India’s 1st chip factory

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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