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Swan Energy, the winning bidder of bankrupt Reliance Naval and Engineering, has deposited Rs 50 crore with lenders and sought a further extension to pay the entire first instalment, initially due in March 2023, said people with knowledge of the matter. To date, it has paid about Rs 100 crore of the first instalment, which is Rs 292 crore. It has to make payment in six instalments and the second instalment of Rs 313 crore is due in December this year.

Private sector lender HDFC Bank has hiked the benchmark marginal cost of funds-based lending rates (MCLR) by up to 10 basis points (bps) on select tenures. According to the Bank's website, the new rates are effective from October 7, 2023. 

Maruti Suzuki unveiled its major investment plans of investing as much as $1.25 trillion to develop around 10-11 new models which will also include six electric vehicles and growing its production capacity by 2030-31. In a presentation to investors, analysts and proxy advisors, it said that with the challenges of the last 4 years behind, it is projecting a requirement of 4 million production capacity by 2030-31.

The National Medical Commission’s decision to allocate medical colleges to states based on their population is quixotic to say the least. It also has the potential to further strain the already fraught relations between the union government and southern states – none of which are governed by the BJP at present. The new guidelines, published via an extraordinary gazette notification (and apparently without any sort of public consultation), do two things, both of which are unlikely to sit well with many states.

instant personal loan with simple eligibility criteria and competitive interest rates, making it an excellent financing option. Knowing the overall cost of borrowing is crucial when thinking about taking a loan. A personal loan interest calculator allows borrowers to assess the exact cost of borrowing.

multibagger stock between July 2023 and September 2023. Let’s find out why… Dolly Khanna is a Chennai-based investor, who is known for picking lesser-known midcaps and smallcaps. She has beeninvesting in stocks since 1996.

health insurance helps in saving taxes and provides financial assistance for medical expenses. As a result, you do not have to dig into your savings in case of medical emergencies. Ultimately, it helps you save money in both ways.

The chairman of pubs and liquor retailing giant Endeavour Group has hit back at 15 per cent shareholder Bruce Mathieson’s torrent of criticism, telling Endeavour’s 420,000 shareholders to be “wary of selective and incomplete information”.

Victorian Energy Minister Lily D’Ambrosio has challenged Japanese investors to prove they can capture the carbon they plan to liberate from La Trobe Valley coal when making hydrogen, amid urging of her government to embrace billions of funding supporting the project.

Energy Minister Chris Bowen has called on the Coalition to disclose cost estimates for replacing coal-fired power stations with nuclear power, claiming the opposition had been dishonest in suggesting it could be cheaper than renewables.

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London | England’s high court has begun hearing a case brought by four small business owners, who say National Australia Bank and its former British unit Clydesdale & Yorkshire Bank, now known as ASX-listed Virgin Money, crippled them financially through allegedly mis-selling fixed-rate business loans.

Victorian Premier Jacinta Allan has denied misleading parliament when she said that “tremendous progress” was being made to hosting the Commonwealth Games despite already knowing the event would blow by at least $2 billion.

Indian whisky brand, has achieved international recognition by securing the coveted title of «Best in Show» Double Gold award at the prestigious Whiskies of the World Awards. This impressive accolade now ranks Indri as the world's premier whisky brand, as bestowed by Whiskies of the World. This remarkable feat was accomplished with the launch of the 2023 Diwali Collector's Edition from Indri.

My deceased mother was a non-resident Indian (NRI) and during her work abroad, she invested $20000 in a fund falling in the Isles of Man in 2002. This was invested from the funds earned abroad from her foreign bank account. She then retired in 2016 and did not redeem her funds and she became a resident Indian. Now the fund has appreciated to $50000. If I, being a resident Indian, have to redeem this and bring it to India, what will be my taxation? I am a tax payer and fall in the 30% bracket.

retail inflation likely eased to 5.50% last month, within the Reserve Bank of India's (RBI) tolerance band, on moderating food price rises and government subsidies that offset a surge in the cost of crude oil, a Reuters poll found. The RBI kept monetary policy unchanged on Oct. 6 for a fourth consecutive meeting and signalled interest rates would remain high until inflation was closer to 4%, the midpoint of the central bank's 2-6% target range. Rises in food prices, which make up about half the consumer price index (CPI), continue to cool from recent peaks after the Indian government enacted a series of measures to boost supply. Inflation, as measured by the annual change in the CPI, was forecast to have fallen to 5.50% in September from 6.83% in August, according to an Oct.

By Doyinsola Oladipo

Larry Charles said that he finds it offensive when movies cost $250 million and the world is in the state that it's in. Participating in the 'WTF With Marc Maron' podcast, he spoke frankly on why he steers clear of working on big-budget movies. Slamming the Hollywood studio system, he called it a “media monopoly system” in the US.

Union workers at Mack Trucks are on strike after voting down a tentative five-year contract agreement that negotiators had reached with the company

Joby Aviation is working to develop electric-powered aircraft that will take off and land like a helicopter but fly like a small plane