News Overview

Over 2 lakh cases are waiting in Debt Recovery Tribunals (DRTs), which now handle approximately 30,000-40,000 cases per year.

The NFO is available for subscription from July 25 to August 08.

The Nifty Energy index was the top performer, gaining 2%, boosted by stocks like NTPC, Power Grid Corp, BPCL, and Coal India.

Punjab National Bank levied the highest fee of ₹633 crore, followed by Bank of Baroda at ₹386 crore for non-maintenance quarterly balance.

The company has admitted liabilities of more than ₹28,452 Crore. This includes secured financial creditors' claims totalling around ₹14,422 Crore.

75% of the net offer is reserved for qualified institutional bidders (QIBs), 15% for non-institutional investors (NIIs), and 10% for retail investors. 

The company's CNG (compressed natural gas) volume climbed by 20% year on year as its network expanded across numerous geographical areas.

The global demand for nickel in batteries is expected to increase to 500,000 tonnes by 2025, up from 150,000 tonnes in 2020.

Its revenue from operations climbed 19.6% year on year to ₹4,198.77 Crore, up from ₹3,510.84 Crore in the same period last year.

As data demand increases, Airtel is re-farming its spectrum more quickly to provide an enhanced 5G experience for its customers.