Business

The Indian Railway Technical Supervisors’ Association has proposed a tiered fitment factor structure for the 8th Pay Commission, advocating for higher compensation for technical and safety-category staff. Their plan suggests multipliers ranging from 2.92 to 4.38, aiming for a more equitable salary distribution and better recognition of demanding job conditions.

Institutional investors showed strong interest in Coal India’s offer for sale on Wednesday. They placed bids worth approximately Rs 19,000 crore. This demand significantly exceeded the portion reserved for them. The government is selling up to a 2 percent stake in the company. Retail investors can bid on May 29.

The Centre has approved a Rs 25,530 crore scheme, SARTHAK-PDS, to modernize the public distribution system until March 2031. This initiative aims to ensure smoother ration delivery, reduce leakages, and improve services for 81.35 crore beneficiaries by integrating transport, dealer support, and technology upgrades, including AI and ML.

Adani Power’s market value currently stands at nearly Rs 4.85 lakh crore, higher than Infosys, whose market capitalization is around Rs 4.72 lakh crore. Following the latest reshuffle, Adani Power has emerged as India’s 11th most valuable listed company.

The bank’s stock has declined 9.5% since March 19, when Atanu Chakraborty unexpectedly resigned as part-time chairman, triggering fresh concerns over governance standards at the lender.

Gold price prediction today: Given the geopolitical tensions and a possible change in the US Federal Reserve’s stance, gold prices are likely to see limited upside in the near term, says Vedika Narvekar, Research Analyst – Commodities & Currencies, Anand Rathi Shares and Stock Brokers.

Byju Raveendran, the founder of failed edtech firm Byju’s, has been handed a six-month jail sentence by a Singapore court in a contempt case, as per a Bloomberg report.

The ruling marks another setback for the entrepreneur, who is already facing legal challenges from overseas investors across multiple jurisdictions. In the United States, lenders are attempting to recover losses tied to a soured $1.2 billion loan.