Seize, sell Tata Power’s shares in arms: Court

Kleros says Singapore court has ordered authorities to take action in $650Mn awardMUMBAI: Tata Power’s legal battle with Kleros Capital Partners, a British Virgin Islands-incorporated resource and infrastructure investment firm, has taken a significant turn after a Singapore court authorised the seizure and sale of shares held by the Tata Group utility in two of…

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Karnataka’s ‘30% ethanol’ claim stirs row as OMCs junk ‘test’

NEW DELHI: Public sector oil marketing companies (OMCs) on Friday hit back at Congress-led Karnataka govt’s claims that petrol tested by labs authorised by it had found ethanol content exceeding the prescribed 20% limit, and said the findings were not supported by tests conducted under statutory and technical procedures.Karnataka food, civil supplies and legal metrology…

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Rupee gains 16 paise – The Times of India

Rupee gains against US dollar MUMBAI: The rupee gained 16 paise to close at 94.48 against the dollar Thursday, its strongest level in two weeks and fifth consecutive session of gains, as foreign investor buying resumed and crude oil prices fell below $100 a barrel. Dealers attributed the improvement in inflows partly to portfolio reallocation,…

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