Lok Sabha Elections 2019: Diesel demand may hit record high as India goes to polls

The Indian government has set a target of EVs making up 30 percent of new car and motorcycle sales by 2030 from less than 1% today. The country consumed a record 6.9 million tonne of diesel a month in 2018, or about 1.7 million barrels per day (bpd), data from the ministry of petroleum showed. […]

Continue Reading

SEBI restricts exemption from open offers to banks, financial institutions

Such exemptions will not be available for acquisition of shares by persons other than aforesaid lenders by way of allotment by the target company or purchase from lenders, SEBI said. The revised measure is likely to help loan resolution cases where banks may be looking at converting their debt into equity. Markets regulator Securities and […]

Continue Reading