Asian stock markets were becalmed on Wednesday as surges in oil and Chinese factory prices added to worries that a hot U.S. inflation reading could renew pressure on policymakers to lift interest rates. U.S. crude futures rose 1% to a two-week high of $84.97 a barrel in early trade and Brent futures made a one-week top of $85.35.
​​In the recent past, India has seen the renewable energy expansion driven by large corporate groups and private equity-backed energy platforms, aiming to tap increasing appetite toward non-carbon fuel resources. Earlier, French oil and gas major Total SE picked up a stake in Adani Green. I
The Jodhpur bench on Tuesday granted stay of order dated and all consequential orders passed by the chief judicial magistrate of Jaisalmer in a hearing of the petition and directors. "The court has also observed that the case is of civil nature and that similar FIR has been quashed by the Supreme Court," the person cited above said.
According to sources, the government is likely to present the Cryptocurrency Bill in Parliament during this budget session. A copy of the draft Bill has already been shared with PMO.
“In view of the satisfactory compliance demonstrated by Diners Club International Ltd. with the Reserve Bank of India (RBI) circular dated April 6, 2018 on Storage of Payment System Data, the restrictions imposed, vide order dated April 23, 2021, on on-boarding of fresh domestic customers have been lifted with immediate effect,†the regulator said in a statement.
The recast, if approved, could ease the financial strain on the telco that has a funded exposure of nearly ₹14,000 crore. SBI alone has an exposure of about ₹11,000 crore.
Shares of Nykaa are going to debut on Dalal Street today. The company was earlier scheduled to list on Thursday. The counter is commanding a strong premium in the grey market, signalling a blockbuster listing of the new-age startup.
The company reported a standalone profit of Rs 1,432 crore for the three-month period, up 784% year-on-year. Revenue improved 15% on-year to Rs 13,305 crore. The company took a write-off of Rs 255 crore during the quarter compared to Rs 1,149 crore in the corresponding period last year.
Total income during the six month period is Rs 522.53 crore.
Its revenue from contracts with customers during July-September 2021 went up by 5.67 per cent to Rs 727.81 crore, compared with Rs 688.73 crore in the year-ago period.
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