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India imported 1.8 million barrels per day (mbd) of Russian crude in June. China imported 1.6 mbd of seaborne Russian crude in June, 12% more than in May, and Europe took 0.42 mbd, 28% more than in the previous month.

The non-banking finance company had called for bids under a cash-security receipt structure, based on an existing offer. Omkara Asset Reconstruction Company provided a binding offer, setting the reserve price for the auction.

The portfolio included six real estate accounts sold for ₹1,075 crore, equating to a 60% recovery for L&T Finance, the people said. The finance company invited offers under a 15:85 structure for ten accounts with a total loan of ₹3,022.5 crore, according to a notice issued by the finance company on its website early last month.

The Sensex topped 65,300.35 on Monday, surpassing the previous high of 64,768.58 last Friday. The index closed at 65,205.05, up 486.49 points or 0.75% from the previous close.

While the Singapore International Arbitration award had directed P&W to dispatch around 20 engines by December 2023, the engine maker had subsequently challenged it citing payment failure by the airline and the ongoing global supply chain shortage. In its petition which was reviewed by ET, P&W has claimed that the airline owes it over $100 million.

The offer will see fresh shares worth Rs 2,700m and a stake worth Rs 1,350m by exiting shareholder SAIF Partners India IV Limited. Proceeds from the IPO will be used for working capital and general corporate purposes. The bid deadline is 6 July, with shares being offered between Rs 301 and Rs 317 each.

Kolkata-based jewellery retailer Senco Gold has raised Rs 121 crore ($16.3 million) from anchor investors ahead of its initial public offering. Investors who participated in the round include Nippon MF, White Oak, Jupiter Asset Management, Bandhan MF, and 3P India Equity Fund. 3P India Equity Fund picked up a 9.22% portion of the anchor investor segment.

Indian IT companies, including TCS, HCL Technologies, and Infosys, are set to release their earnings for the first quarter of 2023. Despite an uncertain global environment and muted demand, Jefferies expects a small decline in aggregate revenue and a contraction in margins. They anticipate Infosys may lower its guidance, while TCS could announce a buyback. Motilal Oswal predicts a modest year-on-year revenue growth but a drop in profit. Analysts also speculate that Infosys and HCL Technologies may revise their sales growth outlook for FY24 due to weak earnings.

He has vast experience of about 25 years in planning, design and execution of various railway projects as well as maintenance and operation of major infrastructure and an expert in matters related to establishment, budget, tenders and contract management etc.

Singapore Exchange (SGX) has shifted all open positions to Gift City, as SGX Nifty fully settles a five-year feud between NSE and Singapore Exchange. Nithin Kamath, CEO of Zerodha, believes this shift will help GIFT City become an international financial centre and attract more capital. Kamath also pitches for relaxations in the cumbersome NRI account opening process to further popularize GIFT City. V Balasubramaniam, CEO of NSE IX, expects the liquidity pool to grow as all Singapore orders will be routed into their platform, while local brokers from IFSC can also trade.