Vedanta tells Supreme Court its revised Jaypee bid tops Adani offer

Mining billionaire Anil Agarwal’s Vedanta Ltd has told the Supreme Court that its tweaked bid for the bankrupt Jaiprakash Associates Ltd was rejected despite being better than Adani Group’s offer.In its petition challenging the lenders’ decision to accept Adani’s takeover offer, Vedanta contended that its addendum bid is about Rs 3,400 crore higher in gross…

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‘There is a rule’: West Bengal chief election officer dismisses TMC’s ‘voter list manipulation’ allegations | India News

Amid a heated political row in West Bengal over alleged voter list manipulation allegation levied by Trinamool Congress (TMC) ahead of the Assembly elections, chief electoral officer Manoj Kumar Agarwal on Tuesday dismissed claims that his office has any mechanism to arbitrarily alter electoral rolls.The controversy centres on Form 6, the application used by first-time…

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US consumer confidence edges up despite $4 gas prices; inflation worries rise amid Iran war

US consumer confidence rose marginally in March even as fuel prices surged due to the Iran war, highlighting resilience in spending but growing concerns around inflation and economic outlook, according to AP.The Conference Board said its consumer confidence index increased to 91.8 in March from 91 in February, indicating a modest improvement despite rising cost…

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‘Beginning of brutality akin to Manipur’: Opposition slams BJP, JDU after woman molested in Bihar | India News

NEW DELHI: A video showing a large mob allegedly parading and assaulting a woman in Bihar’s Nalanda district went viral on social media on Tuesday, triggering a sharp political backlash. The opposition targeted the ruling NDA alliance over “collapsed” law and order in the state, calling it the “beginning of brutality akin to Manipur” .The…

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Jerome Powell says Fed has limited scope to counter energy price rise; flags inflation risks

Federal Reserve Chair Jerome Powell on Monday said the central bank is closely monitoring inflation risks arising from the spike in energy prices due to the Iran war, but cautioned that there is limited scope for policy intervention in such supply-driven shocks.Speaking at Harvard University before nearly 400 students, Powell said energy shocks typically tend…

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IMD warns of more heatwave days in many states, April to get above normal rainfall in the country, brining down temp in certain parts | India News

NEW DELHI: Many parts of the country may not be hotter than usual during April-June summer season due to normal to ‘below normal’ maximum (day) temperatures but most parts in east, northeast and coastal Peninsular India are likely to get two to eight days of extended heatwave duration, the IMD said on Tuesday.“Above-normal heatwave days…

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US-Iran war bleeds Sensex! Rs 51 lakh crore gone, record $12 billion FII wipeout, stock market down over 11% – is there an end in sight to selloff?

In a span of just a month, BSE Sensex is down over 9,300 points or 11.48%! (AI image) Blood bath on Dalal Street, foreign investors’ exodus, mass selloff, several lakh crore of investors’ wealth wiped out – these are the headlines that have dominated financial news this month. The US-Israel-Iran war has dealt a massive…

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