More than 15 Russian banks are in advanced talks with Indian lenders to facilitate bilateral trade in their respective local currencies, bypassing established trading mechanisms tied to the US dollar, and under a bespoke reference exchange rate framework between the rupee and the US dollar. working on construction. Ruble, people familiar with the matter told ET.

Reliance Industries has filed a contempt petition before the Supreme Court against the Securities and Exchange Board of India (SEBI), alleging ‘willful disobedience’ related to an order of the top court that allowed the capital markets regulator Was instructed to give the most valuable. Company’s access to certain documents in the two-decade-old stock allotment case.

Chairman Ashok Kumar Gupta told ET that companies making incomplete or incorrect disclosures to the Competition Commission of India (CCI) will face heavy penalties. The provisions in the Competition (Amendment) Bill, 2022 will work for faster approval of mergers and acquisitions (M&A). On a belief-based system, he said.