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Moratorium under IBC applicable to corporate debtor, not its promoters: SC

Moratorium under IBC applicable to corporate debtor, not its promoters: SC

New Delhi: The Supreme Court on Thursday held the moratorium under provisions of the Insolvency and Bankruptcy Code (IBC), which restrains initiation of any fresh proceedings or discontinuance of existing ones, does not protect the promoters of the stressed company, but applies only to the corporate...

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Aggregate demand gains firmer ground: RBI August Bulletin

Aggregate demand gains firmer ground: RBI August Bulletin

New Delhi: Prospects have brightened for India's economy as the impact of second Covid wave wane and aggregate demand gains firmer ground, the Reserve Bank of India (RBI) said in its monthly Bulletin for August 2021.The central bank noted that IIP and core industries mirrored improvement in industri...

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PLI scheme to attract Rs 5K cr for drone manufacturing: Minister

PLI scheme to attract Rs 5K cr for drone manufacturing: Minister

New Delhi: The Centre's PLI scheme for manufacturing of drone and its components is expected to drive in investments worth Rs 5,000 crore into the sector in the next three years, Civil Aviation Minister Jyotiraditya M. Scindia said on Thursday.According to Scindia, incentives worth Rs 120 crore will...

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Expected Covid relief measures sustain equities' gains; Nifty, Sensex at record highs

Expected Covid relief measures sustain equities' gains; Nifty, Sensex at record highs

Mumbai: India's key stock indices rose during opening trade session on Friday to reach new intra-day record high levels.Accordingly, both key indices, S&P BSE Sensex and NSE Nifty50, made new record highs.The Sensex crossed the 59,500 mark, while Nifty breached the 17,700 level.As per market obs...

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Fuel prices maintain stability amidst volatility in global oil market

Fuel prices maintain stability amidst volatility in global oil market

New Delhi: Auto fuel prices in the country have maintained stability amidst volatility in global oil prices with crude on the boil again rising sharply for past few days.The oil marketing companies (OMCs) on Friday kept pump prices of auto fuels petrol and diesel unchanged, the 12th consecutive day ...

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PLI Push: Sensex crosses 59K-mark; Telecom stocks soar

PLI Push: Sensex crosses 59K-mark; Telecom stocks soar

Mumbai: India's key stock indices rose to record high levels on Thursday, a day after the government announced support measures for some beleaguered sectors along with provisions for PLI schemes for others.Accordingly, both the key indices -- S&P BSE Sensex and NSE Nifty50 -- recorded new intra-...

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PFC issues India's first-ever Euro Green Bonds

PFC issues India's first-ever Euro Green Bonds

New Delhi: Power sector financier Power Finance Corporation Ltd has issued its maiden Euro 300 million 7 year Euro Bond issuance on September 13.The pricing of 1.841 per cent achieved is the lowest yield locked in by an Indian Issuer in the Euro markets.This is a milestone issuance for PFC and marks...

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Govt seeks Rs 8-10 lakh crore valuation for LIC

Govt seeks Rs 8-10 lakh crore valuation for LIC

New Delhi: India is seeking a valuation of between Rs 8 trillion ($109 billion) and Rs 10 trillion for the state-backed Life Insurance Corporation in what's slated to be the nation's biggest initial public offering, Bloomberg reported.The government is considering selling a 5-10 per cent stake in th...

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Karnataka to object bringing fuel prices into GST net

Karnataka to object bringing fuel prices into GST net

Bengaluru: The Karnataka government is all set to oppose the proposal to bring petrol and diesel into the ambit of Goods and Services Tax (GST) in the GST council meeting scheduled to be held on Friday in Lucknow, Uttar Pradesh.The decision is being taken considering the fact that, if petrol and die...

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Record highs: Sensex crosses 59k mark; Telecom stocks soar

Record highs: Sensex crosses 59k mark; Telecom stocks soar

Mumbai: India's key stock indices rose during mid-afternoon trade session on Thursday to reach new intra-day record high levels.Accordingly, both key indices - S&P BSE Sensex and NSE Nifty50 -- made new record highs.The Sensex crossed the 59,000 mark, while Nifty breached the 17,500 level.As per...

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