NEW DELHI: India on Wednesday successfully carried out a salvo launch of two indigenously developed Pralay missiles in quick succession from the same launcher off the coast of Odisha, marking a key milestone in user evaluation trials. According to a statement from the defence ministry, the tests were conducted at around 10.30 am near the…
NEW DELHI: The National Company Law Tribunal (NCLT) has directed initiation of insolvency proceedings against Videocon’s former chairman and MD Venugopal Dhoot for defaulting on loans of Rs 6,158 crore, as a personal guarantor of two group companies.Admitting a plea from State Bank of India (SBI), NCLT said Venugopal Dhoot has “committed defaults in repayment…
XRP sank nearly 4% as bitcoin dropped under the $88,000 mark on Sunday, ahead of a busy week with the Federal Reserve’s two-day FOMC meeting starting on Wednesday and major technology players announcing earnings. News background The consolidation came as spot XRP ETFs recorded their first meaningful weekly outflows since launch, totaling roughly $40.6 million,…
Sebi on Friday proposed a comprehensive overhaul of the Foreign Portfolio Investor (FPI) framework, aiming to streamline registrations and introduce an abridged application option for related funds, even as the regulator seeks to ease compliance for global investors.In a consultation paper, the Securities and Exchange Board of India said the move is intended to enhance…
Benchmark equity indices Sensex and Nifty ended nearly 2 per cent higher on Wednesday, starting the new financial year on a firm footing as global markets rallied on hopes of a potential de-escalation in the ongoing West Asia conflict.The 30-share BSE Sensex jumped 1,186.77 points or 1.65 per cent to settle at 73,134.32. During intra-day…
Jairam Ramesh (PTI image) NEW DELHI: Congress Saturday condemned the attacks launched on Iran by the US and Israel, and called upon Indian govt to help bring the hostilities to an “immediate end” and ensure the safety of all Indians in West Asia.Congress general secretary Jairam Ramesh said, “For weeks President Trump maintained the charade…
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NEW DELHI: State-owned Oil India Limited (OIL) has successfully unlocked a new gas-bearing pay zone in Rajasthan’s Dandewala field, with a flow of nearly 25,000 standard cubic metres per day, petroleum and natural gas minister Hardeep Singh Puri said on Saturday.Congratulating OIL on its technological excellence, Puri said on social media that the discovery by…
NEW DELHI: PM Narendra Modi spoke to Sri Lankan President Anura K Dissanayake on Monday, expressing condolences on the loss of lives and devastation in Sri Lanka in the wake of Cyclone Ditwah and assuring him of India’s continued support to the Indian Ocean neighbour under the ongoing Operation Sagar Bandhu, which has taken up…
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