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The announcement comes as the UK-based energy giant refocuses its business on fossil fuels.
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Asian stocks experienced gains following a wave of dip buying and optimism surrounding potential interest-rate cuts, mirroring the S&P 500's significant rally. Investors are balancing robust corporate earnings with expectations of Federal Reserve easing, while monitoring tariff and trade developments. Despite warnings of a potential pullback, positive earnings reports and hopes for rate cuts are driving market sentiment.
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SEBI proposed revisions to related party transaction (RPT) rules, easing compliance for listed firms. The regulator suggested turnover-based thresholds to determine 'material' RPTs requiring shareholder approval, replacing the current 1,000 crore or 10% of turnover limit. This aims to address the 'one-size-fits-all' approach, especially for high-turnover companies.
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