Kumar Mangalam Birla, chairman of the Aditya Birla Group, has increased his stake in Vodafone Idea by purchasing 1.86 crore shares. His investment vehicle also acquired 30 lakh shares. This move comes as Vodafone Idea seeks to raise Rs 25,000 crore in debt and Rs 24,000 crore in equity funding.
SBI halts Nayara transactions over US tariffs, sanctions risk
State Bank of India has ceased processing trade and foreign currency transactions for Nayara Energy due to potential US sanctions following recent tariff increases. This