Companies Europe Industries Market Voice

Norwegian pension fund KLP pulls out of Adani Ports

In a major set back to Adani conglomerate Norwegian pension fund KLP is divesting from Adani Ports and Special Economic Zone Limited on the grounds the company’s links with the Myanmar military breach the fund’s responsible investment policy, KLP told Reuters on Tuesday. “Adani’s operations in Myanmar and its business partnership with that country’s armed forces Read More…

Companies Indian Subcontinent Market

Money laundering scam .. frozen Investment firms .. pushed mighty Adani scrips 25% fall

Stocks of Adani Group companies took a pounding in morning trade on June 14, falling as much as 25 per cent on report that NSDL has frozen accounts of three foreign funds that owned stake in four of the group companies.   Among individual stocks, Adani Enterprises, the group’s flagship company, fell 25 per cent Read More…

Banks Companies Indian Subcontinent Industries Market Regulators

SEBI move to curb money laundering by foreign Investors delayed by Custodians

The Securities and Exchange Board of India (Sebi) has deferred the diktat requiring foreign investors to disclose their mobile number, email addresses and income details to depositories, a move believed to be aimed at curbing practices such as round tripping and money laundering.   “Based on the representations received from MIIs (market infrastructure institutions), Sebi Read More…

BJP Companies Indian Subcontinent Industries Jobs Market Opinion

Union govt led by Modi’s 2020-21 economy contracted 7.3 % worst in the 40 years

India’s economy contracted during the first half of FY21.   The Indian economy rose by 1.6% in the January to March quarter (Q4 FY21) from the previous year   But contracted by 7.3 per cent for the entire fiscal year, which was the worst in more than 40 years, data released by the government showed Read More…

BJP Central Government Congress Currency DMK Industries Market

Congress Supports DMK voice for altering 1 State 1 vote in GST Council

Tamil Nadu state Congress president K.S. Alagiri on Sunday said that he supports the view of state Finance Minister, P.T.R. Thiagarajan that the “One State One Vote” in the GST Council was unfair.   Alagiri, in a statement, said that treating higher revenue states and lower revenue states at par was unfair and also accused Read More…

BJP Companies Corona Virus Health Life Science Market medical North India RSS Voice

Medicos choosen warpath calls for open debate after legal notice to Ramdev

After yoga guru Ramdev made defamatory statements against allopathy and “defaming” scientific medicine, the Indian Medical Association (IMA) Uttarakhand on Friday challenged him for an open debate on a public platform in the presence of media.   IMA Uttarakhand President Dr Ajay Khanna in a letter to yoga guru Ramdev called his statement rash, irresponsible Read More…

Automobile BJP Industries Market South India

Amidst covid troubles in India Petrol prices shoot to 100 Rs per litre

First time in Indian fuel histroy Petrol crosses Rs 100 a litre in Mumbai after 15th increase post assembly election results  this month..    Petrol price on Saturday crossed the Rs 100-a-litre mark in Mumbai after the 15th increase in fuel prices this month..   The increase 15th this month – took petrol and diesel Read More…

Companies Indian Subcontinent Industries Life Style Market

RBI waves Red flag over 100.7% surge in Index prices pinpointing 8% GDP Contraction

In its annual report for 2020-21, RBI noted that India”s equity prices have surged to record highs, with the benchmark index Sensex crossing the 50,000 mark on January 21, 2021 to touch a peak of 52,154 on February 15.   This represents a 100.7 per cent increase from the slump just before beginning of the Read More…

Banks BJP Indian Subcontinent Market Regulators

RBI transfer Rs 99,122 crore to Union government for period ending 31 march 2021

The Reserve Bank of India (RBI) will transfer Rs 99,122 crore to the Union  government for the nine-month accounting period ended March 31, the central bank has said.   The bank also decided to maintain the contingency risk buffer at 5.5 percent. The decisions were taken at the 589th meeting of the Central Board of Read More…