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Business

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Business

Nifty snaps 5-day winning streak as ceasefire hopes fade, crude surges

Markets reversed course on Thursday, with benchmark indices declining after 5 consecutive periods of positive factors, as investor optimism round a US-Iran ceasefire rapidly gave technique to renewed geopolitical anxiousness. The BSE Sensex fell 931 factors, or 1.20 per cent, to shut at 76,631, whereas the Nifty 50 shed 222 factors, or 0.93 per cent,

Business

NCLAT upholds NCLT order on distribution of funds from a resolution plan

NCLAT’s ruling affirms the legality of fund distribution to dissenting collectors beneath the authorized resolution plan for OCL Iron and Steel. File | Photo Credit: Getty Images/iStockphoto The National Company Law Appellate Tribunal (NCLAT) has rejected a joint petition filed by 5 banks — Indian Bank, UCO Bank, Bank of Baroda, ICICI Bank and Union

Business

RBI simplifies TReDS onboarding for MSMEs

“A comprehensive review of other extant instructions has also been undertaken, and draft directions will be issued shortly for public consultation,” RBI Governor Sanjay Malhotra mentioned.  | Photo Credit: ANI In simplifying the onboarding of MSMEs in Trade Receivables Discounting System (TReDS) and to advertise ease of doing enterprise for this section and to encourage

Business

India-US trade push: Piyush Goyal urges firms to use facilitation portal

Commerce and Industry minister Piyush Goyal on Wednesday urged companies and exporters in India and the US to actively use the India-US trade facilitation portal to strengthen bilateral trade, PTI reported. “I urge all members of industry bodies, Export Promotion Councils, and chambers from across India and the US to connect, make this portal part

Business

What is US-Iran peace deal & what it means for India

In a serious de-escalation in West Asia, the United States and Iran have agreed to a two-week ceasefire. US President Donald Trump introduced the ceasefire on Tuesday after greater than a month after intense hostilities broke out, resulting in Iran’s blockade of the Strait of Hormuz. The blockade brought about important disruption to international power

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