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Sebi has issued an administrative warning to Reliance Industries after finding that two employees and a relative traded shares while possessing unpublished price-sensitive information. The regulator noted compliance lapses but imposed no financial penalties, with Reliance promising corrective measures.
China Slashes Fuel Prices Amidst Declining Crude Oil Costs
China has significantly reduced fuel prices, bringing them close to pre-war levels as crude oil costs decrease. Indian private retailer Nayara Energy has also cut its fuel rates, while state-run firms have not yet followed suit due to substantial first-quarter losses.
Henrico County Schools Dim Lights as Data Centers Drive Up Energy Costs
Henrico County, Virginia, is facing a 25% rise in electricity costs for government and schools, totaling $5 million annually, due to increased demand from 37 data centers. This has led to energy-saving measures like dimming lights, while the data center industry argues it's not responsible for wider market pressures.
India Regulator to Nearly Double Stocks for Short Selling, Cut Collateral
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Microsoft Announces 4,800 Job Cuts, Restructuring Xbox Division
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