Vedanta arm TSPL faces Rs 127 crore penalty in power misdeclaration case

IANS | May 21, 2026 8:11 PM

New Delhi, May 21 (IANS) Vedanta Limited on Thursday informed stock exchanges that the Supreme Court of India has ruled against its subsidiary Talwandi Sabo Power Limited (TSPL) in a case related to alleged misdeclaration of power availability, resulting in a penalty payout of nearly Rs 127 crore along with applicable late payment surcharge.

FMCG major ITC clocks 72.4 pc drop in its Q4 net profit

IANS | May 21, 2026 5:16 PM

Mumbai, May 21 (IANS) FMCG major ITC on Thursday reported a sharp 72.4 per cent year-on-year (YoY) decline in consolidated net profit for the fourth quarter of financial year 2026 (Q4 FY26), mainly due to a high base effect from a one-time gain recorded in the corresponding period last financial year.

CII signs strategic MoU with Cyprus Chamber of Commerce and Industry

IANS | May 21, 2026 2:47 PM

Mumbai, May 21 (IANS) Apex business chamber CII signed a strategic memorandum of understanding (MoU) with Cyprus Chamber of Commerce and Industry (CCCI) on Thursday in the presence of Cyprus President Nikos Christodoulides and Maharashtra Chief Minister Devendra Fadnavis.

India, US working as natural partners across sectors: Piyush Goyal

IANS | May 21, 2026 2:16 PM

New Delhi, May 21 (IANS) Commerce and Industry Minister Piyush Goyal on Thursday said India and the United States are working as natural partners and complement each other across sectors, including technology innovation, high precision defence, digital data centres, quantum computing and medical devices.