Rain Industries: Adverse SC action has material impact on business model; stay cautious

Rain Industries: Adverse SC action has material impact on business model; stay cautious

In an adverse legal development, the Supreme Court (SC) has disallowed Rain industries’ applications which would have a material impact on its business. The apex court disallowed the company’s petition requesting a higher import quota of key raw material – green...
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Delhi Metro moves SC against order to pay Rs 60cr to ReIiance Infra subsidiary

Delhi Metro moves SC against order to pay Rs 60cr to ReIiance Infra subsidiary

The Delhi Metro Rail Corporation (DMRC) has petitioned before the Supreme Court against the Delhi High Court order directing the company to pay Rs 60 crore to Delhi Airport Metro Express Private Limited (DAMEPL), a subsidiary of Anil Ambani-owned Reliance...
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