Only ARCs with Rs1,000 crore in net owned funds (NOF), according to the Reserve Bank of India (RBI), are eligible to act as resolution applicants. The winning bidder for both telcos warned that UV ARC's candidacy might not be accepted under the revised eligibility requirements.
Pennar Industries jumped 5.84% to Rs 48 after the Pennar Group secured orders worth Rs 1167 crore across its various business verticals.
Kalpataru Power Transmission advanced 1.36% to Rs 441.20 after the company announced the completion of the sale and transfer of an additional approximately 25% of the total equity shares of Alipurduar Transmission to Adani Transmission.
Zenith Exports Ltd, Tree House Education & Accessories Ltd, Aarey Drugs & Pharmaceuticals Ltd and Almondz Global Securities Ltd are among the other gainers in the BSEs B group today, 13 October 2022.
According to one of the reports, the RBI is being forced to use more reserves to protect the rupee because of the accumulation of positions in this market segment.
Crude oil continues to struggle under $88 mark on Thursday, as OPEC slashed its global oil demand growth estimates on Wednesday for both 2022 and 2023, citing economic headwinds and Covid in China. In its closely-watched Monthly Oil Market Report (MOMR), OPEC revised down its estimate of global oil demand growth for 2022 by 460,000 barrels per day (bpd), citing Chinas Covid lockdowns, economic headwinds […]
A metric tonne of aluminium rose as much as 7.3% on the London Metal Exchange, one of the largest intraday swings ever, before finishing the day 3.1% higher at $2,305.
In a latest monthly update, the USDA stated that the global wheat outlook for 2022/23 wheat is for reduced supplies, consumption, trade, and stocks. Supplies are lowered 1.9 million tons to 1,057.7 million on reduced production for the United States and Argentina more than offsetting higher EU production although world production remains at a record. Argentina is lowered 1.5 million tons to 17.5 million with […]
The company recently received a repeat order for four identical Coke Drums for a Mexican refinery.
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