IndiGo CEO Pieter Elbers has stepped down with immediate effect citing personal reasons. Sources tell CNBC-TV18 the board has identified a successor, while Rahul Bhatia will oversee operations during the transition.
Indian refiners, including Indian Oil Corp. and Reliance Industries Ltd., have bought 30 million barrels of Russian oil after the US allowed purchases to address Middle Eastern supply shortfalls.
The National Stock Exchange of India Ltd has asked brokers to submit details of excess Securities Transaction Tax collected for FY2023-24 and earlier, and remit the amount with 1% monthly interest for delays.
Building on Monday’s sharp intraday recovery, the Nifty extended its pullback amid strong global cues, reclaiming over 500 points from Monday’s low of 23,697.
Bill Ackman’s Pershing Square filed for IPOs of his hedge fund and new fund Pershing Square USA, aiming to raise $5-10 billion by selling shares at $50 each.
Rahul Bhatia, MD at InterGlobe Aviation, addressed staff on December’s disruptions post CEO Pieter Elbers’ resignation, stressing operational stability and customer trust. IndiGo shares rose pre-board meeting.
Polycab India’s tax demand for AY 2024-25 was cut from ₹327.45 crore to ₹57.58 crore by the Deputy Commissioner of Income-Tax, Mumbai. Polycab plans to appeal further.
Waaree Solar Americas Inc. subscribed to 5.37 million Series B shares of United Solar Holdings for $30M. Shares of Waaree Energies Ltd ended higher on Tuesday, March 10, by 2.27% at ₹2,658.10 on the NSE.
Renu Baid Pugalia, Senior VP-Research at IIFL Institutional Equities, says Dixon’s JV approval with HKC is a positive step in its backward integration strategy for smartphones and laptops. However, she notes that the bigger trigger for the company remains approval…
ONGC and Oil India remain tactical investment ideas if crude prices stay elevated, said Probal Sen, Energy Analyst at ICICI Securities. He noted that even realisations of $75–$80 per barrel would be positive for upstream companies. However, if oil sustains…