The Bombay Stock Exchange (BSE) has approached the Mumbai Metropolitan Region Development Authority (MMRDA) seeking allotment of land in Bandra Kurla Complex (BKC) as part of plans to expand its operational presence in Mumbai, PTI reported.In a statement on Saturday, MMRDA said BSE Managing Director and CEO Sundararaman Ramamurthy and Chief Regulatory Officer Kamala Kantharaj…
BlackRock has restricted investor withdrawals from its $26 billion HPS Corporate Lending Fund (HLEND) after redemption requests surged beyond the usual threshold, underscoring mounting pressure in the $2 trillion global private credit market, Reuters reported.The move came after investors sought to withdraw $1.2 billion in the first quarter, equivalent to roughly 9.3% of the fund’s…
Union home minister Amit Shah NEW DELHI: Union home and cooperation minister Amit Shah on Saturday dedicated the newly commissioned Sulphuric Acid Plant–3 (SAP–III) at the Indian Farmers Fertiliser Cooperative Limited (IFFCO) unit in Paradeep, Odisha, to the nation. Shah said the Ministry of Cooperation and the Odisha government would work together to improve rural…
Amid concerns over global oil supply disruptions due to tensions in MIddle East, government sources on Saturday said India’s energy stock position is improving, adding that the situation has strengthened confidence about fuel supply stability in the country.According to government sources, the improvement in energy availability has reinforced the Centre’s position that petrol and diesel…
Pensioners covered under the Employees’ Pension Scheme 1995 (EPS-95) will hold a three-day protest at Jantar Mantar in New Delhi from March 9, pressing for an increase in the minimum monthly pension to Rs 7,500 from the current Rs 1,000, PTI reported.The protest has been called by the EPS 95 National Agitation Committee, led by…
NEW DELHI: As geopolitical tensions escalate in the Middle East, India is exploring alternative energy sources to strengthen its energy security, with countries such as Australia and Canada offering additional gas supplies, according to official sources cited by PTI on Saturday.With ships and oil tankers avoiding the Strait of Hormuz in the Persian Gulf amid…
Global oil prices surged sharply this week as the war involving Iran intensified raising fears of prolonged disruptions to energy supplies from the Middle East.The spike in prices comes a week after the United States and Israel launched major attacks on Iran, escalating tensions into a wider regional conflict. The ongoing hostilities have disrupted key…
NEW DELHI: With West Asia-bound cargo ships stranded in India due to conflict in the region, shipping ministry on Friday directed all 12 major ports to consider requests for reduction, waiver or remission of charges, including for storage rent, reefer plugging and change of vessel.The ministry said ports may permit storage of cargo destined for…
NEW DELHI: India has sufficient foreign exchange reserves, low current account deficit and inflation rates, which collectively allow it to effectively mitigate the impacts of rising global crude oil prices and ensure domestic energy security despite the country’s high dependency on imported crude oil, a finance ministry report said on Friday.But it cautioned that if…
NEW DELHI: Government will use “every policy tool and the export promotion mission” to support exporters in the ongoing crisis in West Asia, commerce and industry minister Piyush Goyal said on Friday. “We are in complete engagement with exporters. Every day, the inter-ministerial group talks to exporters and takes feedback. We will not be found…