Vedanta moves NCLAT, challenges NCLT nod to Adani’s bid for acquiring Jaiprakash Associates

Business conglomerate Vedanta Group has approached the National Company Law Appellate Tribunal (NCLAT), challenging the NCLT’s approval to Adani Group‘s bid for acquiring Jaiprakash Associates Ltd for Rs 14,535 crore. Anil Agarwal-led Vedanta Group was in the race to acquire Jaiprakash Associates Ltd (JAL) through an insolvency process, but the lenders in November last year…

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Russian oil tanker MT Aqua Tita arrives off Mangaluru port amid Middle East tensions | India News

A Russian oil tanker chartered by Mangalore Refinery and Petrochemicals Ltd (MRPL) arrived off the Indian coast on Sunday, underscoring ongoing concerns over global energy supplies amid escalating tensions in Middle East. The vessel, MT Aqua Titan, is currently anchored around 10 nautical miles off the coast of Mangaluru in the Arabian Sea, having been…

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Gold, silver rate outlook: Precious metals may see mild rebound after sharp correction; PMI data, crude oil to guide trend

Precious metal prices may stabilise and witness a mild recovery next week after a steep correction, although the upside could remain capped due to elevated interest rates and a firm US dollar, analysts said.Market participants are expected to track key macroeconomic indicators, including provisional manufacturing and services PMI readings from the US, UK and Japan,…

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