India's Russian oil imports jump 50 times; now accounts for 10% of all import: Official
India's crude oil imports from Russia have jumped over 50 times since April and now make up for 10 per cent of all crude bought from overseas.
As much as 40 per cent of the Russian oil has been bought by private refiners - Reliance Industries Ltd. and Rosneft backed Nayara Energy Ltd.
Dalmia Bharat Refractories in talks for acquisitions in Europe
Dalmia Bharat Refractories Ltd., part of Dalmia Bharat Group, is planning to tap into export markets specially Europe, West Asia, Africa and Asia - including Vietnam and Bangladesh - apart from its presence in India.
The company is planning overseas acquisitions and talks are on with two probable entities in Europe. At least one of the two acquisitions is expected to materialize by the end of this calendar year.
The company is also planning a capex of Rs. 300 crores over the next three-four years as it looks to ramp-up and invest towards research and development across units.
Syngenta India signs pact with AIC
Syngenta India has entered into an agreement with the Agriculture Insurance Company of India for chilli growers of Guntur. The agreement will facilitate guaranteeing a fair price to the farmers for their crop produce by indemnifying them for losses incurred due to a fall in market price.
Over 2,000 farmers have been growing Syngenta's Hot Pepper Hybrid HPH 5331 in a small village of Achampet Mandal in Guntur. Hot pepper farmers have an average land holding of two acres and invest around Rs. 1.5 lakh per acre to cultivate the crop.
OPG Securities MD Sanjay Gupta arrested in NSE co-location case
Sanjay Gupta, the managing director of OPG Securities, has been detained by the Central Bureau of Investigation (CBI) in connection with the NSE co-location issue. Recently, the central agency searched at least 10 more locations, including Gupta's brokerage, as part of the investigation.
According to reports, the CBI was able to uncover a cartel that reportedly 'aided Gupta in approaching Sebi officials' between 2015 and 2018 when the capital markets regulator was investigating the NSE algorithm scandal.
According to a person with knowledge of the situation, "the searches and the inquiry have suggested that there is a Mumbai-based syndicate that might have helped Gupta in reaching out to Sebi officers who were conducting the investigations." His interrogation is required to determine whether he tried to pay any bribe, made an offer or actually paid the bribe." OPG Securities, unknown officials of the Securities and Exchange Board of India (Sebi) and National Stock Exchange (NSE) have also been named in the first information report registered by the agency in 2018.
Noida-based India Exposition Mart gets Sebi's nod to float IPO
India Exposition Mart Ltd. which is a leading integrated exhibitions and conventions venue, is going to raise Rs. 600 crores through IPO.
As per the draft red herring prospectus, the IPO comprises fresh issue of equity shares aggregating up to Rs. 450 crores and an OFS of up to 1,12,10,659 equity shares by existing shareholders.