Markets regulator Sebi has allowed all non-banking financial companies (NBFC), including housing finance companies, to invest in security receipts issued by Asset Reconstruction Companies (ARCs), a move aimed at encouraging investments in the bad loans space.

This has widened the scope of participants who can acquire security receipts from ARCs, thereby boosting liquidity in the distressed asset market.

Elon Musk's Tesla Inc has leased its first showroom in India, located in Mumbai's Bandra Kurla Complex, at a record Rs 881 per sq ft, setting a new national record in terms of lease rentals.

The company has signed a lease agreement for Unit G-1B, Ground Floor, 2 North Avenue, Maker Maxity, a high-end office building situated in the vibrant business hub of Bandra Kurla Complex.

The Kerala assembly on Tuesday passed a resolution urging the central government to withdraw its move to allow deep-sea mineral mining off the coast of the state.

The resolution moved by Chief Minister Pinarayi Vijayan was passed amidst the opposition UDF MLAs protesting in front of the Speaker's dais accusing him of acting as an "agent" of the ruling front.

Congress president Mallikarjun Kharge on Tuesday accused the Modi government of weakening the Right To Information (RTI) Act in the name of data protection and asserted that his party will keep fighting against the "dictatorial" regime to secure the rights of the people.

Kharge asserted that the Congress will not let RTI weaken and will continue to raise its voice from the streets to Parliament.

The Bombay High Court on Tuesday ordered a stay for four weeks a special court order seeking a First Information Report (FIR) against former Securities and Exchange Board of India (Sebi) chief Madhabi Puri Buch and five others for alleged stock market fraud and regulatory violations.

The court stated that the "order was passed mechanically." The case pertains to the 1994 Cals Refineries stock listing fraud case.

The Ministry of Petroleum and Natural Gas has issued a demand of $2.81 billion to Reliance Industries Limited (RIL) and its consortium partners — BP Exploration (Alpha) Limited and NIKO (NECO) Limited — over a long-standing dispute concerning gas migration from ONGC’s blocks to the KG-D6 block, RIL said in an exchange filing on Tuesday.

Renewable energy solutions provider Suzlon on Tuesday said it has bagged a 204.75 MW wind energy order from Jindal Renewables.

The new order was bagged from Jindal Green Wind 1 Pvt Ltd, a subsidiary of Jindal Renewables.

Suzlon will supply 65 state-of-the-art S144 wind turbine generators (WTGs) with Hybrid Lattice Towers (HLT), each rated at a 3.15 MW capacity, a company statement said.

President Donald Trump ordered a pause to all military aid to Ukraine, turning up the heat on Volodymyr Zelenskyy just days after an Oval Office blowup with the Ukrainian president left the support of his country’s most important ally in doubt.

The US is pausing all current military aid to Ukraine until Trump determines the country’s leaders demonstrate a good-faith commitment to peace, according to a senior Defense Department official, who asked not to be identified discussing private deliberations.

Amid speculation over a possible leadership transition in Karnataka later this year, Congress MLA Basavaraju V Shivaganga on Sunday claimed that Deputy Chief Minister DK Shivakumar would assume the role of Chief Minister by December.

According to news agency PTI, Shivaganga further said that Shivakumar would continue as chief minister for the next 7.5 years, expressing confidence in the party’s ability to win the next Assembly elections in the state.

Ola Electric Mobility Ltd, led by Bhavish Aggarwal, is laying off more than 1,000 employees and contract workers in an effort to curb rising losses, according to a Bloomberg report. The job cuts affect multiple departments, including procurement, fulfilment, customer relations, and charging infrastructure, as the electric two-wheeler (2W) maker undergoes a major restructuring.

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