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Homebuyer can seek compensation for delayed delivery after taking possession: SC
Homebuyers can pursue compensation for delayed flat delivery even after taking possession, the Supreme Court ruled. The apex court overturned a previous order that denied a buyer's consumer status post-possession. The court emphasized that a claim for delayed possession arises before delivery and subsequent acceptance doesn't negate the right to seek adjudication. The case was sent back for a decision on merits.
INR appreciates under Rs 95 per dollar after RBI announces measures to support foreign capital inflows and strengthen forex liquidity
The Indian rupee appreciated 81 paise to close at 94.93 (provisional) against the US dollar on Friday after the Reserve Bank announced measures to support foreign capital inflows and strengthen forex liquidity. The announcements in the RBI policy boosted investor sentiments after the apex bank asserted that the country's forex reserves provide a sufficient buffer against external shocks. The Reserve Bank on Friday expectedly kept interest rates unchanged for the second time in a row as it weighed the impact of rising energy prices and supply disruptions caused by the West Asia crisis. The RBI kept its repo rate Steady at 5.25% amid uncertainty owing to US-Iran War. However, it expanded the Fully Accessible Route, or FAR, to include all new 15-year, 30-year and 40-year government security issuances. Due to this, the foreign investors will get wider access to longer-tenor Indian government bonds. This also opens up more room to invest in Indias bond market. The central bank has also ...
Delta Corp plunges after apex court backs 28% GST on online gaming bets
Delta Corp tumbled 16.05% to Rs 67.99 after the Supreme Court upheld the government's retrospective 28% GST levy on the full face value of bets placed on gaming platforms
Supreme Court reserves verdict again on Yes Bank’s ₹8,415-crore AT1 bond write-off
After withdrawing its previous reserved judgement in February, the apex court concluded fresh hearings and examined Cabinet records to decide if the administrator of the bank’s 2020 rescue plan bypassed legal procedures.
Advent acquires minority stake in Iscon Balaji Foods
Global private equity firm Advent International is injecting $150 million into Iscon Balaji Foods, a prominent Indian frozen potato product maker. This investment, part of a larger $215 million funding round, will fuel IBF's expansion into new global markets and bolster its manufacturing capabilities. Advent aims to accelerate the company's growth alongside its founder and management team.
No status quo on Adani Port land: Supreme Court
The Supreme Court clarified it did not order a status quo on 108 hectares of grazing land allotted to Adani Ports in Gujarat, rejecting villagers' claims. The apex court stated the written order did not mention status quo and imposed a symbolic cost of ₹2,000 each on the villagers for their clarification applications.
APEX Tech Acquisition Share Price Today | NYSE: TRAD - Investing.com India
APEX Tech Acquisition Share Price Today | NYSE: TRADInvesting.com India
SpaceX IPO: Saudi Arabia’s PIF eyes $5 billion stake ahead of record $75 billion listing
CNBC earlier reported that the listing was internally codenamed Project Apex. and that SpaceX was working with at least 21 banks. This includes Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase and Morgan Stanley as senior underwriters for the IPO.
APEX Tech Acquisition completes $112 million IPO on NYSE - Investing.com India
APEX Tech Acquisition completes $112 million IPO on NYSEInvesting.com India