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Private Equity: Invesco
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TaxesIt also marginally increased export duty on diesel to Rs one per litre from Rs 0.50 while keeping both petrol and Aviation Turbine Fuel (ATF) exempted from the export levy. The new rate will be effective from March 21.
India slashes windfall tax on crude oil production to Rs 3,500 per tonne
100% Right coverage: 2 sources
Stock MarketsGAIL India, Glenmark Life Sciences, SAIL and several other stocks will trade ex-dividend this week with respect to the interim dividends announced by the companies. Watch this Business Today Visual Story to check the full list of stocks that will trade ex-dividend this week.
GAIL, NALCO, SAIL, and more: Stocks that will trade ex-dividend this week
Adani Group · MundraAdani Group has suspended work on a Rs 34,900 crore petrochemical project at Mundra in Gujarat. The group's flagship Adani Enterprises Ltd (AEL) had in 2021 incorporated a wholly-owned subsidiary, Mundra Petrochem Ltd for setting up a greenfield coal-to-PVC plant at Adani Ports and Special Economic Zone (APSEZ) land in Kutch district of Gujarat.
Adani says Mundra petchem work suspended as finances not tied-up yet
Coverage: 4 sources
Asia · DelhiKavitha will be confronted with Hyderabad-based businessman Arun Ramchandra Pillai, who was arrested on March 6 night in the case. Pillai is learnt to be a partner of 32.5 per cent in Indo Spirits, which had got an L1 licence. The ED had earlier said that the South Group gave kickbacks of Rs 100 crore to AAP leaders.
Delhi liquor policy case: ED summons K Kavitha again today
56% Right coverage: 9 sources
Asia · IndiaThe party has given ticket to Supreme Court lawyer Brijesh Kalappa (Chickpet), former KAS officer K. Mathai (Shanti Nagar) Kannada actor Tennis Krishna (Turuvekere) AAP Bengaluru president Mohan Dasari (C.V. Raman Nagar), and AAP co-convener Shanthala Damle (Mahalakshmi Layout)
AAP releases first list of 80 candidates for Karnataka Assembly elections
60% Right coverage: 5 sources
BusinessThe Reserve Bank of India (RBI) has imposed a monetary penalty of over rupees two crore twenty-seven lakh (Rs 2,27,25,000) on RBL Bank Limited. The central bank informed a notice was served to the bank advising it to show cause as to why penalty should not be imposed on it.
RBI imposes Rs 2.27 crore penalty on RBL Bank
67% Center coverage: 3 sources
Stock MarketsIf a dividend materialises, it would mark a second interim dividend in the current financial year. SBI Card declared a dividend of Rs 2.5 in May last year respectively. The company has already fixed the record date for the payment of any such interim dividend. If a dividend is approved by the SBI card's board on Tuesday, it will have March 29, Wednesday as the record day.
