In a statement posted on X on Tuesday, Reliance Industries Limited said a Bloomberg report claiming that “three vessels laden with Russian Oil are heading for Reliance Industries Limited’s Jamnagar refinery” was incorrect. The company said its Jamnagar refinery has…
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The Reserve Bank of India has issued new rules for related party transactions. Existing deals not meeting the new standards can continue until they mature. Equity investments are not included in these new directions. The RBI aims to prevent conflicts…
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An NRI successfully challenged the Indian tax department’s decision to tax his global income. The Income Tax Appellate Tribunal (ITAT) Chennai ruled that Mr. Dhinakaran qualified as a non-resident, restoring his tax benefits. The tribunal emphasized that holding a managerial…
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Sebi has approved IPOs for eight companies, including Indira IVF and Chartered Speed. Chartered Speed plans a ₹855 crore issue, while RKCPL aims for ₹1,250 crore. Several companies, like Indira IVF and Rays of Belief, utilized confidential filings for their…
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Pritesh Vinay, former JSW Energy CFO, will lead Vayona Energy as its new CEO. Vayona Energy was previously Siemens Gamesa’s onshore wind turbine manufacturing business in India and Sri Lanka. The company was acquired by TPG Capital, Murugappa group promoters,…
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The company has appointed Sumit Rochlani as its new CFO with effect from February 3, it said in a stock exchange filing. Rochlani had previously served as Awfis’s head of finance for two years, before moving to the aerospace firm…
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