BUSINESS
Oil on boil: Delhi selling petrol at Rs 90.10/l
In Mumbai, petrol price is just Rs 3 per litre short (Rs 96.62 a litre) of touching three digit mark of Rs 100 per litre for the very first time ever. Diesel price in the city is closing on Rs 90 a litre (Rs 87.67 a litre). In all other metros, petrol is over Rs 90 a litre mark while diesel is well over Rs 80 a litre.
Commercial credit growth back to pre-pandemic levels: Report
The total on-balance-sheet commercial lending exposure in India stood at Rs 71.25 lakh crore in September 2020, clocking a growth rate of 2.1 per cent YoY. For the MSME segment, credit exposure stood at Rs 19.09 lakh crore as of September, showing YoY growth of 5.7 per cent.
Explosion at ArcelorMittal unit in South Africa, 3 killed
ArcelorMittal said a portion of a 90-m stack at one of the operation's coke batteries failed in the early hours of the morning, and fell onto the coke battery control room in which the three employees had been working, the Xinhua news agency reported.
RBI approves Piramal Group's proposed takeover of DHFL
The development comes just a month after the Committee of Creditors (CoC) of DHFL voted in favour of Piramal's bid with 94 per cent votes and approved its resolution plan.
L&T arm to build 2 units of Kudankulam Nuclear Power Project
In a regulatory filing, L&T said that the scope of work includes construction of the reactor building, reactor auxiliary building, turbine building, diesel generator building and other safety related structures in a duration of 64 months.
HP Inc appoints Marie Myers as new CFO
During her two decades with HP Inc, Myers served as Global Controller and Americas CFO of the company's Personal Systems business unit, among other roles.
NCLT nod for Rs 707 cr claim of IL&FS' FSEL from NHAI
The National Company Law Tribunal (NCLT) has approved the settlement claim of Rs 707.709 crore made by Fagne Sonagarh Expressway Limited (FSEL), a special purpose vehicle of IL&FS for the expressway project, from National Highways Authority of India (NHAI).
Paytm Money opens F&O trading for all at Rs 10, receives over 1 lakh early access requests
The company said that it received an overwhelming response for F&O trading on its platform with over 1 lakh requests for its Early Access Program. Trading is now live on the Paytm Money app and website for all.
Fuel prices break into new highs across country
Since fuel prices are benchmarked to a 15-day rolling average of global refined products' prices and dollar exchange rate, pump prices can be expected to remain northbound over the next few days even if crude hovers at the current level.
Airtel to acquire 20% stake in Bharti Telemedia from Warburg Pincus
The deal involves a total consideration of Rs 3,126 crore which will be discharged primarily via issuance of 3.64 crore equity shares of Airtel at a price of Rs 600 per share, and up to Rs 1,037.8 crore in cash, Bharti Airtel said in a regulatory filing.
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