A UK court has rejected fugitive diamantaire Nirav Modi‘s petition to reopen his extradition order, bringing him closer to facing charges in India, reports Rajshekhar Jha.The High Court of Justice, King’s Bench Division, while handing down the judgment, observed that the petition and the circumstances surrounding it were not exceptional to revisit earlier extradition order,…
MUMBAI: The US move to send a 15-point proposal to Iran aiming at ending the war in West Asia, combined with a slowdown in hostilities between the warring nations on Wednesday sent oil prices sliding and precious metals rallying.In late trades on Wednesday, Brent was trading at $97.2/barrel, down 3% on the day. In the…
NEW DELHI: The empowered group of officials to deal with the fallout of the West Asia conflict got down to business on Wednesday, and began mapping the demand and supply situation, and also started identifying potential sources to ensure that supply chains are not disrupted.Food and fuel availability are top priority and detailed reports have…
NEW DELHI: The Lok Sabha on Wednesday passed the Finance Bill, with 32 amendments moved by finance minister Nirmala Sitharaman, including specifying that in case of buyback of shares, additional income tax on capital gains made by promoters will face a 12% surcharge.The Finance Bill had proposed to replace dividend tax applicable to buybacks and…
MUMBAI: Sammaan Capital (formerly Indiabulls) shares rose 6% after the RBI approved the acquisition of a controlling stake by UAE-based International Holding Company (IHC) through an initial investment of about Rs 8,850 crore. In a regulatory filing on March 24, Sammaan Capital said RBI had cleared applications related to the proposed transaction involving Avenir Investment,…
BENGALURU: OpenAI, the company behind ChatGPT, has hired former JioStar CEO Kiran Mani as managing director for Asia-Pacific, as the AI firm steps up its regional expansion amid strong user growth in markets including India. Mani is set to join in June. He will report to Jason Kwon and lead regional strategy and operations across…
NEW DELHI: With hopes of a resolution to the West Asia conflict rising, sensex rallied over 1,200 points in late session on Wednesday to close above the 75,000 mark again.As diplomatic initiatives to end the war between the US-Israel and Iran picked up pace, markets around the world rallied, crude oil prices slipped, and precious…
NEW DELHI: Govt on Wednesday named KVR Murty, a former Indian defence accounts service officer, as whole-time member of markets regulator Sebi, with a three-year tenure. Murty, who retired as additional controller general of defence accounts, has had a long stint in the ministry of corporate affairs. TNN Source link
JAMMU: Border Security Force (BSF) troops Wednesday detained a Pakistani intruder along the international border in Ramgarh sector of J&K’s Samba district. Later in the day, Kathua SSP Mohita Sharma conducted an extensive security review and inspection of Kathua’s border areas.Officials said BSF personnel manning the border noticed a suspect near Bhaller border outpost in…
Check out the companies making headlines after the bell : MillerKnoll — The furniture stock plunged 14%. MillerKnoll posted fiscal third-quarter adjusted earnings of 43 cents on revenue of $926.6 million. That reflected a year-over-year decline of 2% for adjusted earnings and an increase of 6% for revenue. The company warned of a roughly $8…
