BUSINESS
Adani debunks reports on repayment of loans against shares
Adani has completed full prepayment of margin linked share backed financing aggregating to USD 2.15 billion and all corresponding shares pledged for those facilities have been released. Adani said all share backed facilities availed by the promoters have been paid off. After such repayment, ListCo pledge positions for Adani Green, Adani Ports, Adani Transmission & Adani Enterprises have reduced substantially, and only residual share pledges corresponding to Operating Company (OpCo) facilities remained outstanding.
'Rs 5,000 cr from SEBI-Sahara fund to repay depositors', Supreme Court allows Centre's plea
A bench headed by justice M.R. Shah and comprising Justice C.T. Ravikumar passed the direction on the application filed by the government in a PIL by Pinak Mani Mohanty. The bench said the amount should be disbursed to depositors duped by the Sahara group of cooperative societies and the entire process will be monitored by a former judge of the top court.
Adani debunks reports on repayment of loans against shares
Adani has completed full prepayment of margin linked share backed financing aggregating to USD 2.15 billion and all corresponding shares pledged for those facilities have been released. Adani said all share backed facilities availed by the promoters have been paid off. After such repayment, ListCo pledge positions for Adani Green.
10-12% capex growth likely for Indian corporates in FY24: Fitch Ratings | 5 Points
Fitch Ratings expects India's corporate capex to grow by 10-12% annually over FY23 to FY24, owing to the country's supply-side policy steps, domestic corporates focusing on localisation, and multinationals looking to reduce risk in global supply chains. Structural demand visibility, supply-side measures, and healthier corporate.
UK shop price inflation hits new high
According to the BRC, prices have yet to peak, reports Xinhua news agency. Shop price annual inflation accelerated to a record 8.9 per cent in March -- up from 8.4 per cent in February, the BRC said on Tuesday. Meanwhile, food price inflation soared to 15 per cent in March, up from 14.5 per cent in February.
Apple contribution to 'Make in India' smartphone reaches 25% in value terms
The contribution of exports in 'Make in India' smartphone shipments reached the highest ever in 2022 both in volume (20 per cent) and value terms (30 per cent), according to Counterpoint Research. Overall, 'Make in India' smartphone shipments declined 3 per cent YoY in 2022 (January-December) to reach 188 million units.
Licences of 18 pharma companies suspended over drug quality
A top official source on Tuesday said that the Drug Controller General of India had inspected 76 companies and the licence of 18 have been suspended, while 26 have been served show cause notice over poor quality of drugs. The Centre has also cancelled the product permission of three pharma companies.
Digital lending platform LoanTap acquires Unofin
With this acquisition, LoanTap aims to leverage Unofin's expertise in healthcare financing to expand its reach in the rapidly-growing healthcare sector in the country. Unofin has serviced over 12,000 customers with Rs 120 crore of gross loan disbursals so far. It has partnership with 1,600 healthcare service providers in seven cities, making it a key player in the healthcare financing industry.
Rs 158 crore direct tax collected in current fiscal through TDS on crypto assets
"Rrypto assets are currently unregulated in the country, however, transactions in cryptocurrencies are subjected to provisions of various laws like the Prevention of Money Laundering Act, 2002 and Income Tax Act, 1961," Minister of State for Finance Pankaj Chaudhary told the Rajya Sabha in a written reply.
Approximately 11,000 MT of wheat procured in current Rabi season: FCI chief
Food Corporation of India (FCI) chairman Ashok Meena told media persons on Tuesday that wheat has been procured from Madhya Pradesh in Ujjain, Dewas, Indore, Shajapur and Sehore among others. It is also worthwhile to note that the total procurement last year during the month of March itself was around 10,000 metric tonnes only, whereas this year this figure has already been crossed on March 27, 2023, he informed further.
Don't Miss
Advertisement