BUSINESS
Gangwal family raising $450m through block deal in Interglobe Aviation
In September 2022, the family had sold a tranche of 2.8 per cent worth Rs 2,000 crore and in February, it sold a 4 per cent stake for Rs 2,900 crore, as per media reports.
Indian-origin food firm owner in UK fined 7K pound after mice droppings found in store
Mandeep Singh (37) of Bradley-based Chatha Fresh Food Limited pleaded guilty this month to an offence of failing to protect food against contamination and failing to comply with EU provisions concerning food safety and hygiene, the Express & Star newspaper reported.
Ashok Leyland to acquire Hinduja group company OHM Global Mobility
In a regulatory filing, Ashok Leyland said post acquisition, it would invest up to Rs 300 crore in OHM India. According to Ashok Leyland, OHM India is a wholly-owned subsidiary of OHM International Mobility Limited UK (OHM UK).
'Interests of Subhash Chandra, Punit Goenka in direct conflict with interests of public shareholders & Zee Enterprises'
While the Entities may argue that even the limited restraint noted above will be excessive and disproportionate in the matter, it is emphasized that the imminent effect of permitting the Entities to be in position of influence is that the ongoing investigation cannot be fair and complete.
'G20 nations praise India's digital public goods infra': Sitharaman
"Today, when I address the G20 nations, we are proud to highlight that all of them admire India for its prolific use of technology and its leadership in utilising digital public goods. A significant portion of our Indian youth are making remarkable contributions in these areas," she said in a video address.
Centre hikes windfall tax on crude, diesel and jet fuel
The windfall tax on crude oil will increase from Rs 4,250 to Rs 7,100 per tonne, according to a gazette notification issued on Monday.
Hero Motocorp receives Munjal family settlement agreement
The purpose of the Agreement was the division of BML Munjal Group Entities, including the Listed entity between the parties to the Agreement.
Centre directs NAFED, NCCF to sell tomatoes at Rs 50 per kg
Incidentally, the direction has come on a day when India's retail inflation measured by consumer price index (CPI), saw a huge rise to 7.44 per cent in July owing to hike in food prices, as food inflation also witnessed a massive jump of 11.51 per cent, owing to high prices of commodities like tomatoes, cereals, pulses and milk products.
Market consolidating at higher levels in absence of any positive trigger
Domestic equities had weak handover from its global peers as high US inflation and mounting trouble in China's real estate market dented the sentiments. Even on the domestic front, IIP data came at 3 months low.
India's trade deficit stands at $20.67 billion for July 2023
Trade deficit for the corresponding period of last year stood at $25.43 billion.
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