News Overview

About 2% of all cars sold in India in 2023 were electric vehicles (EVs); by 2030, the government wants that percentage to reach 30%.

The Indian refiner has also purchased 2 million barrels of WTI crude for loading in April through a spot contract, according to sources.

Foreign institutional investors (FIIs) were net buyers of shares valued at ₹1,421.48 Crore, while domestic institutional investors (DIIs) purchased stocks worth ₹7,449.48 Crore on March 19, as per provisional data from the NSE.

The decision was made based on feedback from vegetarian customers. However, the move received both praise and criticism from users online.

Details regarding the seller(s) were not disclosed. In a separate bulk deal on the BSE, Abakkus Asset Manager LLP bought shares of rice milling company LT Foods for ₹55 Crore through an open market transaction.

The board meeting, scheduled for today on March 20, will focus on the proposal to issue bonus shares to existing shareholders.

According to the regulations, an upper layer NBFC must list after three years of notification. The RBI notified Tata Sons in September of 2022.

Ramky Infrastructure's subsidiary, Srinagar Banihal Expressway (SBEL), reached a one-time debt settlement with lenders for ₹1,245.49 Crore.

The company notified the stock exchanges that the proposed purchase does not come under the ambit of the related party transaction and that the promoter, promoter group, or group companies are not interested in the corporation being bought.

Katerra owes Yes Bank ₹521 Crore and was forced into corporate insolvency last year. This indicates that Yes Bank's exposure to Katerra has nearly recovered to 40%.