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Vedanta Ltd’s planned demerger of its businesses could face major hurdles from minority shareholders and creditors, said Credit Sights, a FitchSolutions Company, in its report. “We maintain our view that VEDL's (Vedanta Ltd's) planned demerger of its other businesses could face major hurdles from minority shareholders and/or creditors, which may delay or derail the deal.

A 23-year-old man is facing two counts of first-degree murder after a shooting in downtown Toronto Tuesday afternoon that left his father and brother dead and his mother injured.

‘Mornings with Maria’ panelists react to the February consumer price index data.

When the merger of L&T Infotech (LTI) and Mindtree was announced in May 2022, top management exits were foreseen as a key risk for the merged entity. That forecast proved correct and continues to play out. Last week, Vinit Teredesai resigned as chief financial officer of LTIMindtree Ltd.

interim Budget 2024-25, the government allocated ₹1,277.80 crore for the census, a significant reduction from 2021-22 when ₹3,768 crore was allocated. It was then seen as an indication that the exercise may not be carried out even after three years of delay. However, Bloomberg cited sources as saying, “The government is also considering a new population census once elections are completed." According to the report published on Thursday, the census may include training and deploying over 3,00,000 government staff.

paths to profitability and product-market fit. Earlier this week, B2B fintech startup Perfios turned unicorn after raising $80 million from Teachers’ Venture Growth. The announcement came just six months after the company raised $229 million from Kedaara Capital in its Series D round in September.

midday meal on Wednesday, though the school administration rejected the allegation and said that the children fell sick after attending a village feast. “The children were rushed to Araria district hospital around 9 pm on Wednesday after they started vomiting. Fortunately, most of the children are out of danger," Hindustan Times quoted sub-divisional officer (SDO) Aniket Singh as saying.

As we reported last week, Goldman Sachs is not short of applicants to its vacancy for a London investment banking analyst. Last time we looked, over 1,000 people had applied.

There have been mixed reports of bonuses at Bank of America. While some people there were pleasantly surprised, others are said to have had aCiti-esque shock. At the top of the investment bank, however, all was well.

Citigroup's EMEA equities team has gone back to the future. Financial News reported today that Marc Francis has been appointed head of high touch equities trading at the bank in London. It's not the first time he's been in that seat. 

The availability, or not, of free fruit, has long been the sort of thing to evoke excitement among people working in investment banks. It's not so much the potential to eat unlimited bananas without paying as the principle behind that potential: your employer values you and your health so much that it will fund your consumption of healthy snacks.

Despite a slightly weaker close on Wednesday, the SPY, tracking the S&P 500, may surge to a new record high today.

By Selena Li and Summer Zhen

₹680 to ₹715 for each equity share with a face value of ₹10. Bids can be placed for multiples of 20 shares, or at least 20 shares.

NEW DELHI : India’s demand for petroleum products, particularly diesel, will spike this year on increased industrial and construction activity, as well as because of the upcoming national election that’s held once in five years, as per S&P Global Commodity Insights. Demand for petroleum products in 2024 is likely to grow by about 206,000 barrels per day, with gasoil (diesel) and gasoline (petrol) accounting for about 65% of the growth, S&P Global said in a report. In February, India’s demand for petroleum products increased by 132,000 barrels per day (bpd), or 2.4%, year-on-year, and by 256,000 bpd from January.

Microsoft CEO's remarks came amid speculations that Google CEO Sundar Pichai might step down from his position due to the failure of Gemini image generator. The California-based tech giant was forced to pause the image-generating operations of the AI tool after many users reported that Gemini was generating inaccurate and harmful images.

high-level panel on 'one nation, one election' studied election processes in six countries including South Africa, Sweden and Belgium, before recommending simultaneous polls for Lok Sabha and state assemblies in India. The other countries where simultaneous elections are conducted are Germany, Japan, Indonesia, the Phillipines and Belgium. The panel led by former president Ram Nath Kovind submitted its report to President Droupadi Mumu on Thursday, recommending simultaneous elections for Lok Sabha and state assemblies as the first step followed by synchronised local body polls within 100 days. According to the report, a comparative analysis of other countries was drawn while dealing with the issue of simultaneous elections. The aim was to study and adopt the best international practices to ensure fairness and transparency in elections.

Sebi) is likely to discuss regulations on ease of doing business for foreign portfolio investors, alternative investment funds (AIFs), and portfolio management services (PMS). The officials are also expected to discuss easing regulations further for initial public offerings (IPOs), according to multiple news reports.

By Naveen Thukral

Investing.com — The U.S. dollar edged higher in European trade Thursday, retaining recent strength ahead the release of more cues on U.S. interest rates in the form of producer inflation and retail sales data. 

LONDON (Reuters) — The settling down of post-pandemic turbulence and a cloudy economic outlook will rein in demand growth this year, the International Energy Agency said on Thursday, even as shipping disruptions provide a short-term boost.