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Middle East War: Iran clears passage for two Indian LPG tankers through Strait of Hormuz
Iran has granted permission for two Indian LPG tankers to navigate the Strait of Hormuz. This development occurs as ongoing conflict in West Asia impacts shipping routes. Despite security concerns, Iran's Supreme Leader's representative stated the strait remains open. He confirmed that some vessels are still transiting the vital waterway.
SEAMEC consortium wins ₹411-cr ONGC contract for servicing MSV Samudra Sevak
The contract secured by the consortium comprising SEAMEC Ltd and Supreme Hydro Private Ltd is to operate and maintain the ONGC-owned multipurpose support vessel Samudra Sevak. Shares of SEAMEC Ltd ended at ₹1,331.90, down by ₹3.35, or 0.25%, on the BSE today, March 13.
Japanese stocks fall for second day as oil surge and weak yen concerns weigh on sentiment
Oil prices surged amid disruptions linked to the Middle East conflict after Irans new supreme leader, Mojtaba Khamenei, pledged to keep the Strait of Hormuz effectively closed while escalating attacks on regional oil and transport infrastructure.
Rail travel insurance should not be limited to online tickets: SC
The Supreme Court has ruled that all railway passengers must have equal access to travel insurance. This applies whether tickets are bought online or at counters. The court stated that a distinction in treatment is not justified. While misuse of insurance is a concern, solutions should be found instead of denying the facility.
Supreme Court seeks timeline for CBI probe into NCR housing projects
The Supreme Court has issued a decisive order for the CBI to outline a clear timeline for its investigation into numerous real estate developments in the NCR. The court strongly stated that lingering delays would only intensify the suffering of homebuyers.
Arnya Real Estate, Supreme Universal raise Rs 1,000 cr real estate equity fund
Arnya Real Estate Fund Advisors and Supreme Universal have successfully raised over Rs 1,000 crore. This capital will fund redevelopment projects in Mumbai and Pune. The fund targets Rs 1,250 crore and focuses on equity investments. This initiative brings institutional discipline to redevelopment projects. It combines Arnya's investment expertise with Supreme Universal's execution capabilities.
Arnya, Supreme Universal raises ₹1030 crore for Mumbai-focused fund
Real estate projects need capital, including debt and equity, at various stages of their life cycle. However, the source of capital for residential developers is quite limited
Supreme Court orders CBI investigation into DLF’s Gurgaon project; shares fall nearly 4%
The Supreme Court of India has ordered a CBI probe into alleged irregularities in the Primus DLF Garden City project after homebuyers' petitions about delays and lack of utilities.
Supreme Court says repeated challenges by unsuccessful bidders erode IBC’s framework
The SC upheld the resolution plan of Sarda Energy & Minerals Ltd for SKS Power Generation (Chhattisgarh) and dismissed appeals filed by Torrent Power, Jindal Power and Singapore-based Vantage Point Asset Management