The five-year loan was finalised last month at 120 basis points above the three-month Secured Overnight Financing Rate (SOFR), with $450 million denominated in Japanese yen

Reliance Industries Limited

As day 2 progressed in Sydney, Bumrah was seen going off the field just before lunch and was seen in training gears.

Jasprit Bumrah

Four Kirloskar companies on Saturday said they have filed an appeal before the Securities Appellate Tribunal challenging the SEBI letter asking them to disclose the deed of family settlement that was signed by members of the Kirloskar family on September 11, 2009.
In a joint statement, the Kirloskar companies -- Kirloskar Ferrous Industries Ltd (KFIL), Kirloskar Industries Ltd (KIL), Kirloskar Pneumatic Company Ltd, Kirloskar Oil Engines Ltd -- said they have filed the appeal before SAT challenging the SEBI letter dated December 30, 2024 wherein the market regulator advised them to disclose the Deed of Family Settlement (DDS).
On December 31, these companies stated that they were preparing to legally challenge the letter by SEBI.
The markets watchdog in its letter stated that "since the DFS is subsisting in nature, indirectly creates a restriction on the listed entities managed/promoted by the parties to such DFS, warrants disclosure, regardless of whether such listed entity is a ..

Kirloskar Industries Ltd (Photo: Kirloskar)

Kirloskar Industries Ltd

Here are the best of Business Standard's opinion pieces for today

Illustration: Binay Sinha

Nifty Today, Stocks to Buy Today: The Nifty50 index has now entered its second week of consolidation, and current indicators suggest that this trend is likely to persist

Stock Market, BSE, NSE, Nifty, Capital

An Army veteran driving a pickup truck that bore the flag of the Islamic State group wrought carnage on New Orleans' raucous New Year's celebration, killing 15 people as he steered around a police blockade and slammed into revellers before being shot dead by police.
The FBI said it is investigating the attack early Wednesday in the city's famed French Quarter as a terrorist act and does not believe the driver acted alone.
Investigators found multiple improvised explosive devices, including two pipe bombs that were concealed within coolers and wired for remote detonation, according to a Louisiana State Police intelligence bulletin obtained by the Associated Press.
The bulletin, relying on information gathered soon after the attack, also said surveillance footage showed three men and a woman placing one of the devices, but federal officials did not immediately confirm that detail and it wasn't clear who the individuals in the video were or what connection they may have had to the ...

New Orleans

Earlier in the week, on Monday, the capital saw a temporary improvement in air quality, with levels shifting to the "moderate" category after heavy rainfall over the weekend

Delhi AQI, air pollution, smog

Regulator has barred the infamous stock operator for front-running trades pertaining to a US based FPI, directed disgorgement of illegal gains of Rs 66 crore

sebi

ICICI Prudential Energy Opportunities and SBI Innovative Opportunities have also ridden the wave of investor enthusiasm.

Is the cash reserve ratio (CRR) a deadweight on banks? Of every Rs 100 raised by banks in deposits, Rs 4.50 is locked up and it earns nothing by way of interest. The CRR framework is in the spotlight because one, a good number of folks now opt to par

Union Minister Nitin Gadkari on Saturday said his opinion on politics was not good as it is characterised by "use and throw" and questioned the place for thought and loyalty amid people's propensity to join the party in power.
The Union Minister for Road Transport and Highways and senior BJP leader also said ideology was not the problem in the country but the emptiness of thoughts.  "Many people jump towards the party that comes to power, so where exactly does the stream of thought and loyalty go? In our country, ideology is not a problem, but the emptiness of thoughts is," he said.  Gadkari said the family unit has to develop first if the country has to progress.  Recalling an episode, he said, " A man came up to me and said he wanted to give up his life for the country. At the time, his business was failing, he was going bankrupt and he had a wife and children at home. I told him to first take care of the house and then the country."  Gadkari said he considered Chhatrapati Shivaji .

Nitin Gadkari, Nitin, Gadkari

A political action committee controlled by the world's richest man spent $19.2 million in the final six weeks of the 2024 election to back Republicans in too-close-to-call races around the country

Elon Musk, Musk

A fragile ceasefire between Israel and the Lebanese militant group Hezbollah has held up for over a month, even as its terms seem unlikely to be met by the agreed-upon deadline.
The deal struck on November 27 to halt the war required Hezbollah to immediately lay down its arms in southern Lebanon and gave Israel 60 days to withdraw its forces there and hand over control to the Lebanese army and UN peacekeepers.
So far, Israel has withdrawn from just two of the dozens of towns it holds in southern Lebanon. And it has continued striking what it says are bases belonging to Hezbollah, which it accuses of attempting to launch rockets and move weapons before they can be confiscated and destroyed.
Hezbollah, which was severely diminished during nearly 14 months of war, has threatened to resume fighting if Israel does not fully withdraw its forces by the 60-day deadline.
Yet despite accusations from both sides about hundreds of ceasefire violations, the truce is likely to hold, analysts say

The rating agency's arm said that India's recent consumer price inflation at around 5 per cent was without clear evidence of a trend towards slowing price pressures

Most GCCs in India support critical business goals by using AI, data analytics, robotic process automation, and cloud services

India ranked third globally in terms of funding raised by fintech companies, behind the US and China, the report said

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Ideology not a problem in politics, emptiness of thoughts is: Gadkari

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Reliance Industries raises $3 bn from 11 banks in dual-currency loan deal

Setback for India as Bumrah heads to hospital for scans; Kohli leads India

Kirloskars challenge Sebi letter asking family settlement deed disclosure

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