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Economy

YIAPL is a 100 per cent subsidiary of Zurich Airport International and has been incorporated to develop the Noida International Airport in Jewar, which is around 70 km from the main Delhi region.

Sebi Moots New Framework For Delisting Cos Post Open Offer By Acquirers

A sub-group of Sebi's Primary Market Advisory Committee (PMAC) has made various recommendations regarding the delisting process for a company post an acquirer's open offer amid certain issues with respect to existing norms.

Coal India Final Dividend To Enrich Govt By Rs 1,426 Cr

Energy & Infra Coal

E-auction sale for the quarter was 28.92 million tonne that realized Rs 1752 per tonne against Fuel Supply Agreement (FSA) that fetched Rs 1391 a tonne.

Adani Group Says Foreign Investors' Accounts Not Frozen

Shares of Adani group companies plunged on Monday after reports that the National Securities Depository Ltd (NSDL) froze the accounts of the three foreign funds that are among the top stakeholders in the firms.

GDR Manipulation: Sebi Levies Rs 1 Cr Fine On K Sera Sera's Director

The firm's director, Dinesh Bhanusali, has been fined for his role in executing the scheme of fraudulent issuance of GDR.

OIL Says Its Acquisition Of NRL Shares Will Ensure Energy Security Of India

Energy & Infra Oil and Gas

OIL produces around 7-8 million metric standard cubic meters per day (MMSCMD) of natural gas (NG) in the North East region and supplies one MMSCMD of it to NRL

Rajya Sabha Clears Bill To Raise FDI To 74% In Insurance Sector

Economy India

Terming insurance as a highly regulated sector, she said that FDI limit is not a compulsion on companies, and that every promoter will take decisions as to what extent they want funding, within the FDI framework.

Top Toshiba Shareholder Gets Support From Calpers, Norway Fund For Probe

Blackrock Inc - the world's biggest asset manager - has voted against Effissimo's proposal, a source familiar with the matter said. A representative for BlackRock in Japan declined to comment.

Proxy Adviser ISS Backs Shareholder Proposal For Toshiba Investigation

Toshiba has been dogged by years of scandals including accounting misdeeds and a huge writedown for its U.S. nuclear business that it eventually withdrew from.

Credit Suisse To Slide Into Red As It Sets Aside $850 Million For US Litigation

The bank had already set aside $300 million in connection to a decade-long dispute with New York-based municipal bond insurer MBIA regarding a U.S. residential mortgage-backed security (RMBS)

Top Investor BlackRock To Expand Climate Talks With Companies In 2021

BlackRock, the world's biggest asset manager with around $7.8 trillion in assets, said its enhanced target list would cover 90% of the greenhouse gas emissions linked to the operations of the companies its clients invest in, globally.

Exxon Downsizes Global Empire As Wall Street Worries About Dividend

The company's stock price closed Friday at $39.08, off 56% since Woods became CEO. He raised $23.19 billion in new debt this year to bolster finances, but has vowed not to borrow more and as recently as July insisted the dividend was sacrosanct.

Volkswagen Becomes Biggest Shareholder Of China's EV Battery Maker Guoxuan

Companies & Markets Sector Reports Auto

Volkswagen is in final talks to invest in the Hefei-based battery company on Wednesday.

Samsung Electronics Names Former Finance Minister As Its New Board Chairman