Asian markets steady; yen holds firm after Japan vote setback; oil prices edges higher

Asian stocks held steady on Monday, while Wall Street futures stayed firm ahead of key earnings reports from major tech companies.The Japanese yen also remained stable, as investors brushed off the weekend election results that weakened Prime Minister Shigeru Ishiba’s ruling coalition.The outcome, though unfavourable for the government, had already been factored into markets, Reuters…

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Viceroy calls semiconductor unit of Vedanta a ‘sham op’

NEW DELHI: Continuing its tirade against mining heavyweight Anil Agarwal’s Vedanta group, US-based Viceroy Research has alleged that the group’s semiconductor unit was a “sham commodities trading operation”, designed to avoid classification as an NBFC, a charge the conglomerate called baseless.The short seller, which last week published a scathing report about Vedanta Group and followed…

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PNGRB price order: Regulator tells CGD firms to charge one PNG rate; warns against misuse of subsidised gas

Representative image (Picture credit: ANI) India’s petroleum regulator has directed city gas distributors to charge a uniform rate for piped natural gas (PNG) supplied to household kitchens, regardless of usage volume. The move comes amid concerns that a tiered pricing system adopted by some firms may be encouraging misuse of subsidised gas and leading to…

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‘Unjustified and illegal’: Rosneft slams EU’s sanctions on Nayara Energy; says India’s energy security at risk

Russian oil giant Rosneft has hit out at the European Union for imposing sanctions on its Indian affiliate Nayara Energy, calling the move “unjustified and illegal” and warning that it could directly threaten India’s energy security. In a statement issued Sunday, Rosneft said the EU’s action amounted to extraterritorial and politically motivated restrictions that infringe…

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Dairy boost: Assam rolls out Rs 5 per litre milk subsidy; CM Himanta Biswa Sarma launches plant expansion to support rural economy | India News

To give a fresh boost to Assam’s dairy sector, the state government on Sunday introduced a new subsidy scheme offering Rs 5 per litre of milk to dairy farmers. Chief Minister Himanta Biswa Sarma launched the initiative at a programme in Guwahati, where he also laid the foundation stone for expanding the Panjabari plant of…

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