British oil giant BP has removed Albert Manifold as chairman less than a year after he took over the role, citing what it described as “serious concerns” over governance, oversight and conduct at the company, AFP reported.The company announced on Tuesday that board member Ian Tyler has been appointed interim chairman with immediate effect.“The board…
State-run Union Bank of India on Tuesday approved plans to raise up to Rs 8,000 crore through a mix of debt and equity instruments, PTI reported.In a regulatory filing to the BSE, the bank said its board had approved raising debt capital of up to Rs 5,000 crore through Basel III-compliant Additional Tier-1 bonds and/or…
Rising silver prices are not just pushing investment demand, they are also opening the door to a surge of impure silver bars and coins in the Indian market. The trend has raised concerns among industry stakeholders over widespread counterfeiting and lapses in quality standards. Precious metal refiners have now stepped up calls for the Bureau…
Capital markets regulator Sebi will examine whether disclosure requirements for debt-only listed entities need to be relaxed as part of broader efforts to deepen India’s corporate bond market, Chairman Tuhin Kanta Pandey said on Tuesday, PTI reported.Speaking at an event organised by CareEdge Ratings in Mumbai, Pandey said the regulator would also launch a pilot…
India and the US on Tuesday signed a bilateral framework covering the supply, mining and processing of critical minerals and rare earth elements. The agreement was announced by external affairs minister S Jaishankar after bilateral discussions and the Quad Foreign Ministers’ meeting, where the issue also featured prominently.“We are today signing a bilateral India-US framework…
Gold price prediction today: Gold prices may gain if oil prices fall, but the rise is likely to be capped, says Praveen Singh, Head Currencies and Commodities, Mirae Asset ShareKhan. Source link
Global investors have sold nearly $24 billion worth of Indian equities so far this year as capital shifted towards the artificial intelligence-driven rally in Taiwan. (AI image) After months of AI-led rallies, Taiwan has finally overtaken India in terms of total stock market valuation, driven largely by the sharp rally in shares of Taiwan Semiconductor…
India and Canada are looking to fast-track negotiations for a proposed free trade agreement as both countries push to deepen economic engagement and raise bilateral trade to $50 billion by 2030.Canadian Prime Minister Mark Carney said that negotiations on the trade pact with India could prove transformational for businesses and workers in Canada.“We’re negotiating a…
Indian equity markets climbed to their highest level in two weeks on Monday after indications of progress in peace discussions between the United States and Iran pushed crude oil prices lower and improved investor sentiment towards riskier assets. US President Donald Trump said on Saturday that Washington and Tehran had “largely negotiated” a memorandum of…
Indraprastha Gas Limited (IGL) on Tuesday announced another increase in Compressed Natural Gas (CNG) rates, taking the tally of hikes to four within a span of less than two weeks. The latest revision saw CNG prices go up by Rs 2 per kg. The latest increase comes after IGL raised CNG prices by Rs 2…