Gautam Thapar may not be able to regain CG Power control

Gautam Thapar may not be able to regain CG Power control

Gautam Thapar’s efforts to wrest back control of his group company CG Power and Industrials by buying back pledged shares are likely to hit a wall. Lenders including KKR and Yes Bank have converted the pledged shares into equity, making a share transfer impossible, said people with knowledge of the development.

Oil ticks up as rising crude stocks are offset by products demand

Oil ticks up as rising crude stocks are offset by products demand

Oil prices rose slightly on Friday as concern over an economic slowdown in China, the world’s biggest oil consumer, was countered by bullish signals from both the Chinese and US refining sectors. Erasing earlier losses, global benchmark Brent crude oil futures rose 10 cents to $60.01 a barrel by 0927 GMT.

Assam wants reopening of old railway links with Bangladesh

Assam wants reopening of old railway links with Bangladesh

Assam government discusses reopening of traditional railway links to Bangladesh. State government has moved Ministry of External Affairs (MEA) and NITI Aayog for reopening of the pre-partition railway links from Chittagong to Makum, Cox Bazar to Ledo and third line between Bangladesh via Golakganj till Moirabari.

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