Union Finance and Corporate Affairs Minister Nirmala Sitharaman has left for Singapore to participate in the fourth India-Singapore Ministerial Roundtable (ISMR) which is scheduled to be held on August 19-20, the Finance Ministry said on Wednesday.
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Indian refiners are facing a sharp rise in crude procurement costs as tightening physical supplies push Gulf and West African grades to higher premiums. Russian oil discounts have largely disappeared, while Venezuelan discounts have narrowed. Refiners are turning to costlier…
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Indian benchmark indices opened on a muted note amid higher commodity prices. Sensex opened marginally lower at 77,218.05 against the previous close of 77,235.46 while Nifty opened below 24,200 level as conflicting signals from Tehran and Washington over Strait of…
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Sebi will soon release a consultation paper on corporate bond distribution. This paper aims to enhance the framework for bond distribution channels. Online platforms are making privately placed bonds accessible to retail investors. Sebi is also considering new distributor categories…
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Wipro Consumer Care and Lighting will acquire a 60% stake in premium skincare brand Dermatouch at an enterprise value of ₹387.5 crore, marking its entry into digital-first brands. The remaining 40% will be acquired over three years. Dermatouch, founded by…
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Volkswagen Group is open to ceding majority control in its Indian operations to a local partner as Skoda Auto moves closer to signing an MoU within weeks. Skoda CEO Klaus Zellmer said majority ownership “is not an issue”, stressing that…
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