Karunjit Singh

Listed companies, companies which accept public deposits, and companies which have borrowed Rs 50 crore or more from banks or public financial institutions are required to establish a vigil mechanism for directors and employees to report genuine concerns

A lack of new oil discoveries in India coupled with a long lead time to begin production from discovered wells has led to a steady decline in India’s crude oil production.

Experts noted that the surrender of these blocks did not indicate any issues with the mining potential of these blocks as many were surrendered after the allottees did not develop the blocks for production in line with timelines agreed upon.

The price of diesel has traditionally been lower than that of petrol and continues to be lower in other parts of the country. In Delhi, diesel is now costlier than petrol after 18 hikes in a row.

Separately, Jharkhand has moved the Supreme Court to block the auction of its coal blocks which are a part of this auction.

India is set to double its refining capacity for crude oil to 450-500 million tonnes per annum by 2030. Why this boost? How will it be achieved?

Well number 5 of the Baghjan oil field suffered a blowout on May 27 during a ‘workover’ procedure aimed at extending the productivity of the well, handled by John Energy Private Ltd, contracted by OIL for the process.

The IGX is a digital trading platform that will allow buyers and sellers of natural gas to trade both in the spot market and in the forward market for imported natural gas across three hubs

“The proposal is to suspend sections 7,9 and 10 of the IBC for a period of 6 months with an enabling provision allowing for it to be extended upto 1 year,” said a government official.

Bhargava also said that while sales of Maruti Suzuki cars would be lower this year than in the previous fiscal, it was impossible to realistically forecast the performance of Maruti Suzuki or the auto industry as whole for FY21 at this stage.

The recently decriminalised offences include administrative offences such as delays in filing CSR reports, or failure to rectify the register of members in compliance with orders from the NCLT.

Exports in the textiles sector witnessed a steep drop in April. For instance, shipments from Tirupur plummeted nearly 90 per cent to around Rs 225 crore that month due to a combination of low demand and the nationwide lockdown, according to Tirupur Exporters Association executive secretary S Sakthivel.

A majority of the announcements made today are repeats of earlier proposals or a repackaging of old schemes and announcements.

The norms for which defaults will be excluded or from when the one year will be counted have, however, not been announced.

Capital markets regulator Securities and Exchange Board of India (SEBI) has come out with guidelines that allow listed companies to serve the letter of offer, application form, and other offer material electronically. What changes for a share holder?

The FM also announced a Rs 30,000-crore special liquidity scheme, in which the government will fully guarantee investments in investment grade debt paper of non-banking financial institutions, housing finance companies and microfinance institutions.

Prime Minister Narendra Modi has said Indians need to become “vocal for local”. Yet, how self reliant are India’s industries currently and how soon can they step up?

Experts say that the demand for ATF has collapsed as it is only being used for cargo transport, relief and rescue work, as well as emergency services.

The Centre’s move to hike excise duty on petrol by Rs 10 per litre and on diesel by Rs 13 per litre has not resulted in any hike in pump prices as the duty increase has been absorbed by OMCs.