The Bombay High Court on Tuesday ordered a stay for four weeks a special court order seeking a First Information Report (FIR) against former Securities and Exchange Board of India (Sebi) chief Madhabi Puri Buch and five others for alleged stock market fraud and regulatory violations.

The court stated that the "order was passed mechanically." The case pertains to the 1994 Cals Refineries stock listing fraud case.

The Ministry of Petroleum and Natural Gas has issued a demand of $2.81 billion to Reliance Industries Limited (RIL) and its consortium partners — BP Exploration (Alpha) Limited and NIKO (NECO) Limited — over a long-standing dispute concerning gas migration from ONGC’s blocks to the KG-D6 block, RIL said in an exchange filing on Tuesday.

Renewable energy solutions provider Suzlon on Tuesday said it has bagged a 204.75 MW wind energy order from Jindal Renewables.

The new order was bagged from Jindal Green Wind 1 Pvt Ltd, a subsidiary of Jindal Renewables.

Suzlon will supply 65 state-of-the-art S144 wind turbine generators (WTGs) with Hybrid Lattice Towers (HLT), each rated at a 3.15 MW capacity, a company statement said.

President Donald Trump ordered a pause to all military aid to Ukraine, turning up the heat on Volodymyr Zelenskyy just days after an Oval Office blowup with the Ukrainian president left the support of his country’s most important ally in doubt.

The US is pausing all current military aid to Ukraine until Trump determines the country’s leaders demonstrate a good-faith commitment to peace, according to a senior Defense Department official, who asked not to be identified discussing private deliberations.

Amid speculation over a possible leadership transition in Karnataka later this year, Congress MLA Basavaraju V Shivaganga on Sunday claimed that Deputy Chief Minister DK Shivakumar would assume the role of Chief Minister by December.

According to news agency PTI, Shivaganga further said that Shivakumar would continue as chief minister for the next 7.5 years, expressing confidence in the party’s ability to win the next Assembly elections in the state.

Ola Electric Mobility Ltd, led by Bhavish Aggarwal, is laying off more than 1,000 employees and contract workers in an effort to curb rising losses, according to a Bloomberg report. The job cuts affect multiple departments, including procurement, fulfilment, customer relations, and charging infrastructure, as the electric two-wheeler (2W) maker undergoes a major restructuring.

Seven years after entering the Indian market, Swedish furniture retailer Ikea has launched its online delivery service in the Delhi-NCR region, with sales commencing on March 1.

The company has also expanded its online ordering and delivery service to nine satellite cities across North India, including Agra, Prayagraj, Amritsar, Chandigarh, Jaipur, Kanpur, Lucknow, Ludhiana, and Varanasi.

Jio Financial share price hit a record low on the BSE today, falling 4.3 per cent in the intraday trade. Jio Financial share, today, hit an all-time low of Rs 198.6 per share, falling below the Rs 200-mark for the first time ever.

The Reliance Group company, which listed in the stock markets in August 2023 at Rs 265 per share on the BSE, has been on a downward trend for quite some time now.

A special court in Mumbai on Saturday ordered the Anti-Corruption Bureau (ACB) to register an FIR against former Securities and Exchange Board of India (Sebi) chairperson Madhabi Puri Buch and five others over alleged stock market fraud and regulatory violations, reported news agency PTI.

The order was passed by Judge Shashikant Eknathrao on a petition by a local journalist, who sought an investigation into the alleged offences committed by Buch and others, involving large scale financial fraud, regulatory violations and corruption.

The Adani Group is reportedly planning to revive its investment plans in the United States following policy changes under President Donald Trump, according to Financial Times. The ports-to-energy conglomerate, which had initially pledged $10 billion to various US infrastructure projects, had put those plans on hold after the US Department of Justice (DOJ) indicted founder Gautam Adani and seven other associates in an alleged bribery case.

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