JSW Steel wants its money back. The company has asked banks for a refund related to its Bhushan Power and Steel resolution plan. This follows a Supreme Court decision that ordered BPSL’s liquidation. JSW Steel also wants a 60-day delay in the liquidation process. The company is exploring its legal options after the court’s ruling.
GE Shipping, SCI shares rally up to 13% as Israel’s strike on Iran elevates tanker rate surge bets
Indian shipping stocks, including GE Shipping and SCI, surged following escalating tensions between Israel and Iran. The geopolitical unrest drove crude oil prices higher and