Sector: All Sectors
RBI puts restrictions on Kotak Bank
Reserve Bank of India (RBI), has directed Kotak Mahindra Bank (KMB) to cease and desist, with immediate effect from onboarding new customers through the Bank’s online and mobile banking channels; and issuing fresh credit cards. “These actions are necessitated based on significant concerns arising out of Reserve Bank’s IT Examination of the bank for the … Read more
RIL, ACME, JSW among 7 bidders for 10 GWh ACC PLI
Seven companies, including Reliance Industries (RIL), ACME Cleantech Solutions Pvt Ltd, JSW Neo Energy Ltd and Waaree Energies, have placed their bids – in a second With tround – for manufacturing advanced chemistry cells (ACC) with a capacity of 10 gigawatt hours under the government’s production linked incentive scheme. The last date for filing applications … Read more
Tesla’s Self-Driving Software Is a Perpetual Revenue Letdown
The chasm between what Elon Musk says about commercializing self-driving technology and what Tesla Inc. says later in regulatory filings has never been wider. On Wednesday, Tesla released its 10-Q, a quarterly report that provides a more detailed view into the company’s financial position. For several years running, Tesla has provided regular updates in these … Read more
Regulator significantly cuts pipeline tariffs of GSPL
The Petroleum and Natural Gas Regulatory Board (PNGRB) has announced a 47% cut in tariffs for Gujarat State Petronet’s (GSPL) High Pressure (HP) Pipeline network. (PNGRB’s tariff order determines the prices that a company can charge for transporting natural gas through its pipeline networks.) This is a significant negative surprise. Tariff has been reduced from … Read more
VIL’s mega FPO subscribed 6.36x
In pursuant to the new fund raising plan approved by Vodafone Idea’s (VIL) Board in February 2024, the Company launched a mega follow-on public offer (FPO) of Rs 18,000 cr. The FPO was offered in the price band of Rs 10 to Rs 11 and was open from April 18 to April 22. The Company … Read more
Can’t be held without trial indefinitely: Court in Yes Bank founder Rana Kapoor case
Observing that right to a speedy trial is a fundamental right of an undertrial prisoner, and no one should be detained without trial for an indefinite period, in a 70-page detailed order granting bail to Yes Bank founder Rana Kapoor (66) in the last of eight cases against him, the special judge said further incarceration … Read more