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The OECD presented a framework for reporting crypto assets to the G-20 finance ministers in Washington last week. The think-tank is expected to soon start the implementation process for the proposed Crypto Asset Reporting Framework (CARF).

The thermal power company promoted by Hemant Kanoria and his family entered corporate insolvency in November 2019. Resolution professional Ravi Sankar Devarakonda, backed by EY Restructuring LLP, has received resolution plans from Vedanta, Naveen Jindal-promoted Jindal Power and Prudent Asset Reconstruction Company, one of the people said. All the three offers are under ₹900 crore, with the payment staggered over 7-10 years, the same person said.

Radhakishan Damani, Cyrus Poonawalla, Shiv Nadar, Savitri Jindal, Dilip Shanghvi, the Hinduja brothers, Kumar Mangalam Birla and the Bajaj family completed the top 10.

Vi had first announced a Rs 25,000 crore fundraising plan via a mix of debt and equity in September 2020. Of this, it has received a shade over Rs 4,900 crore from promoters, bulk of which was used to clear some Indus dues. The balance funds are yet to be raised.

The Ajay Piramal entity’s listing follows the demerger from parent Piramal Enterprises (PEL) as part of an exercise to simplify its structure. Shareholders of PEL were entitled to four shares of Piramal Pharma for every share they held. The group made a re-entry into pharma 10 years after selling its healthcare business to NYSE-listed pharma giant Abbott Labs for $2.5 billion then.

Wall Street stocks retreated early Wednesday, putting a two-day winning streak at risk, on worries over higher interest rates despite another round of largely solid corporate earnings

The regulator found that - Global Research, Pawan Bhise, Vilash Bhise and Anshuman Bhise (noticees) - were engaged in investment advisory activities and were not holding any certificate of registration from markets regulator.

Board of Directors of Inox Wind held meeting today

For the offer, the firm has fixed price at Rs 25, including a premium of Rs 15 per share. The rights issue price is at a considerable discount from the stock’s closing price of Rs 43.05 per share on Wednesday.

Earlier, rival Shree Cement reported a 68% decline in net profit while ACC reported a loss for the fiscal second quarter due to high energy costs. Energy and logistics are traditionally largest cost heads for cement makers, and both have been on the rise due to inflation induced by post-Covid economic resurgence and Russia’s invasion of Ukraine.