ONGC plaint: CCI seeks docs from UltraTech
The CCI has instructed UltraTech, Dalmia Bharat Cements, and Shree Digvijay Cements, along with their executives, to submit financial documents following an investigation. This directive arises from a complaint by ONGC, which alleges cartelisation in its tenders. The investigation by the director general found contravention of competition norms.
Why aren’t the Los Angeles Lakers buying out LeBron James? Breaking down latest contract and trade rumors
LeBron James is staying with the Los Angeles Lakers, opting into his $52.6 million player option for his 23rd NBA season, despite trade and buyout rumors. NBA insiders suggest a trade is unlikely due to his age and salary, while even Bronny James claims ignorance of the situation. A buyout leading to free agency could…
LeBron James triggers trade buzz with unexpected July 4 visit to Cleveland Cavaliers facility
LeBron James ignited trade speculations with a surprise Fourth of July visit to the Cleveland Cavaliers’ practice facility. The appearance, alongside Summer League player Denver Jones, surfaced shortly after James opted into his $52.6 million Lakers deal. Despite the buzz, a trade faces hurdles due to James’ no-trade clause and substantial contract.
India proposes retaliatory duties against US auto tariffs
India has proposed retaliatory duties against the US for imposing tariffs on auto parts imports, citing violations of WTO norms. The US safeguard measure, a 25% tariff increase, impacts nearly $2.9 billion in Indian exports. India reserves the right to suspend concessions on US products, aiming for equivalent duty collection, as consultations have not occurred.
All in a day: Buy stocks, bet against them in options market, then cash out
SEBI has banned four Jane Street entities operating as foreign portfolio investors in India, accusing them of market manipulation. The regulator demands nearly Rs 4,850 crore in illegal gains be disgorged. Jane Street allegedly manipulated stock and F&O markets using aggressive buying and selling strategies.
All in a day: Buy stocks, bet against them in options mkt, then cash out
SEBI has banned four Jane Street entities operating as foreign portfolio investors in India, accusing them of market manipulation. The regulator demands nearly Rs 4,850 crore in illegal gains be disgorged. Jane Street allegedly manipulated stock and F&O markets using aggressive buying and selling strategies.
NBA Trade Rumors: Los Angeles Lakers could sign $109,000,002 Golden State Warriors big man to form power trio with LeBron James and Luka Doncic and improve championship odds
The Los Angeles Lakers are actively exploring trade options to bolster their roster around Luka Dončić, with Andrew Wiggins emerging as a primary target. The Miami Heat’s asking price is steep, demanding a first-round pick, Dalton Knecht, and Rui Hachimura. Acquiring Wiggins would provide the Lakers with elite perimeter defense, reliable scoring, and valuable championship…
FM Nirmala Sitharaman calls for Global South unity to tackle uncertainties
Finance Minister Nirmala Sitharaman urged decisive collective action from the Global South to address uncertainties stemming from fiscal constraints and geopolitical shifts. Speaking at the New Development Bank’s annual meeting, she emphasized the pivotal role of Multilateral Development Banks in catalyzing public and private investments.
Muted demand: Home loan growth falls to 2.7% in FY25
India’s retail lending sector experienced a slowdown in FY25, according to CRIF High Mark’s report. Home loan originations saw a significant drop in growth, rising by only 2.7%. Personal loans also declined, with a 2.9% decrease in origination value. Two-wheeler and auto loans experienced reduced growth, while consumer durable loans showed muted expansion. Credit card…