Posts

E20 mixing in trial phase, Centre tells SC

New Delhi: The Supreme Court asked the state-run oil marketing companies to keep ethanol supply allocations for Ethanol Supply Year (ESY) 2025-26 unchanged. This was in response to the Karnataka High Court's recent order directing enhancement of ethanol allocation for the ESY.Attorney general R Venkataramani said the E20 blending programme is an "ongoing experiment" and that its full impact will become clearer by next year. He told the apex court on Tuesday that the high court order would destabilise the national policy of 20% ethanol blending with petrol.Changes may Fuel LitigationSuch petitions are pending before several high courts, he said, while seeking liberty to file a transfer petition seeking consolidation of all the suits.Also read | E25 petrol blend's test drive begins; study report expected by end of next yearThe status quo order by a bench of justices MM Sundresh and Sheel Nagu was issued on an appeal by Bharat Petroleum (BPCL) challenging the Karnataka H...

Australia beat West Indies, enter T20 final

-Australia moved a step closer to a record-extending seventh Women's T20 World Cup title after beating West Indies by eight wickets in the first semi-final at The Oval on Tuesday. Chasing 126 for victory, Australia made a flying start as Beth Mooney and Georgia Voll put on 29 runs from just 18 balls ‌before Voll ⁠fell in ⁠the second over. Phoebe Litchfield departed soon after, leaving Australia briefly under pressure at 43-2. However, Mooney anchored the chase with an unbeaten 61, combining with Ashleigh Gardner in an unbroken partnership, taking them over the line with ease. Gardner contributed an unbeaten 35 after also claiming two wickets with the ball and was named player of the match. "I feel like ⁠I haven't ‌really had an impact with the ball throughout the tournament. So I guess to save my best till now is ⁠always pleasing," Gardner said at the post-match presentation ceremony. "I felt like I've just probably been pretty inconsistent, where today I was...

HDFC lands Axis' outgoing CFO

HDFC Bank on Monday appointed Puneet Sharma as its next finance chief, hours after the veteran banker announced his resignation from rival financial institution Axis Bank.Sharma, who resigned from Axis Bank on June 28 and will step down at the close of business on August 31, will join HDFC Bank as CFO-designate from September 1, before formally taking charge as chief financial officer on December 1, 2026.Also Read: Axis Bank CFO Puneet Sharma resigns to pursue new opportunitiesBefore joining Axis Bank, Sharma spent 12 years at Tata Capital, where he served as group CFO from 2014. Earlier in his career he held roles at Citibank across treasury operations, structured cash solutions and risk monitoring, and also worked as a consultant at Boston Consulting Group. A chartered accountant, he is an alumnus of the Indian School of Business, Hyderabad.Sharma had served as Axis Bank's group head and CFO since March 2020, overseeing not just the finance function but also legal, secretarial, i...

Repeated crises reaffirm role of PSU oil firms

New Delhi: Every time India has faced a major crisis - whether devastating floods, a once-in-a-century pandemic or the latest conflict in West Asia that threatened global oil supplies - it has been the country's state-run oil companies that have quietly kept fuel flowing.For decades, India's public sector oil marketing companies (OMCs) have often been criticised for low returns, government intervention in fuel pricing and bloated operations. They have twice been put on the block for privatisation, with plans to sell Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) gathering momentum in 2002 before being halted by a Supreme Court ruling and again in 2020, before the process was abandoned after failing to attract enough bids.Yet every national emergency has reinforced why governments have been reluctant to loosen their grip on companies that control the country's energy lifeline, analysts and industry officials said. When unprecedented floods su...

Kotak Bank faces leadership shake-up as CEO to exit

from Economic Times https://ift.tt/sR5SJDV

War over ice cream: 3-decade old feud returns

Mumbai: A three-decade-old family settlement that divided control of the Vadilal ice cream brand between the Mumbai and Ahmedabad branches of the Gandhi family has become the subject of a fresh legal dispute.The Mumbai branch has approached the Bombay High Court, seeking to restrain the Ahmedabad branch from interfering with the manufacture, sale, distribution and marketing of ice-creams and juices that it claims it is entitled to sell under the 1993 family settlement. 132024297In a petition filed under Section 9 of the Arbitration and Conciliation Act, Shailesh Gandhi-led Vadilal Dairy International (VDIL) has sought interim relief restraining members of the Ahmedabad branch, Vadilal Industries and their affiliates from directly or indirectly interfering with its manufacture, sale, distribution and marketing of ice-creams and juices under the Vadilal brand.Justice Amit Borkar reserved the order on Wednesday after hearing all parties.Senior advocate Mustafa Doctor, appearing for the...

Why the matinee remains cinema's quiet pleasure

from Economic Times https://ift.tt/k8ixWJ9