Motilal Oswal has named Coal India its top sectoral pick, setting a Rs 485 target with a 26% upside. The company is increasing capex to Rs 20,000 crore annually for infrastructure, mine expansion, and diversification into renewables. Strong e-auction volumes and pricing power are expected to drive earnings, with shares trading at Rs 380.25 on BSE.
Sebi proposes to relax limits for approval, disclosure of related-party transactions
India’s markets regulator has proposed relaxing the threshold for which companies need to seek shareholder approval for related-party transactions though a system based on the