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Massive boost for PSU banks! Supreme Court closes Sterling Biotech case with ₹9,800 crore recovery
Over the course of the proceedings, the Sandesara group reportedly repaid ₹3,507 crore directly to the lending consortium, while an additional ₹1,192 crore was realised through liquidation processes.
Trump tariffs could be back in July, says Bessent, after Supreme Court setback that deemed them illegal
Trump aims to restore tariffs to pre court levels by July via Section 301, Bessent says growth may top 3 as core inflation falls, but headline inflation and fuel costs are rising
Non-installation of vapour recovery system: NGT dismisses BPCL's appeal against Rs 1 crore fine
The National Green Tribunal has rejected Bharat Petroleum Corporation Limited's appeal against a Rs 1 crore environmental fine. BPCL failed to install a vapour recovery system in its storage terminals by the March 2024 deadline. The tribunal upheld the Central Pollution Control Board's order, noting the Supreme Court's directive on the matter.
Supreme Court refuses to stay Adani’s JAL resolution plan in setback for Vedanta
The Supreme Court allowed Adani Enterprises’ JAL resolution plan to proceed but said major decisions need NCLAT approval, while agreeing to hear Vedanta’s challenge on April 10.
SC to hear Vedanta's stay plea against Adani's Jaiprakash Associates takeover
Vedanta, owned by Anil Agarwal, had outbid Adani Group in one of the largest and most keenly tracked insolvency cases in the country. The committee of creditors, though, opted for the resolution plan offered by the Adani Group because of higher upfront payments. Vedanta has told the Supreme Court that the insolvency process lacked transparency and failed to maximise value for creditors. It alleged that the process followed by JAL's committee of creditors in approving the plan of the Adani Group was "unfair, opaque, and inequitable".
SBI-led secured lenders move SC for claims from Rs 5,100 crore deposited by Sterling Biotech
Banks have approached the Supreme Court to release Rs 5,100 crore. This amount is part of a settlement for Sterling Biotech Ltd. and its group companies. The total outstanding debt is Rs 19,283.77 crore. Lenders agreed on a distribution formula. The court is expected to hear the matter soon. This move aims to recover a portion of the dues.
Supreme Court stays IRCON International VAT demand of ₹79 crore
IRCON had filed special leave petitions before the Supreme Court following a judgment by the Patna High Court dated February 25, 2026, which upheld VAT demands for FY 2013-14, 2014-15, and 2016-17. Shares of IRCON International Ltd ended at ₹126.50, up by ₹0.60, or 0.48%, on the BSE today, March 17.
Iran War: Mojtaba Khamenei Rejects De-escalation Proposals, Vows Tough Stance Against US, Israel
Iran's Supreme Leader Mojtaba Khamenei.
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.
Chinese stocks slip as Iran conflict and oil price surge weigh on investor sentiment
Market sentiment remained weak as strong statements from leaders in Tehran and Washington suggested that the conflict is unlikely to ease soon after nearly two weeks of fighting. Concerns also grew after oil prices jumped, following Irans new supreme leader Mojtaba Khameneis pledge to keep the Strait of Hormuz effectively closed. At the same time, Tehran has stepped up attacks on regional oil and transportation infrastructure, raising fears of higher global inflation.