Rajya Sabha News Live: Govt has created contingency fund for Manipur for Rs 500 crore, says Sitharaman

• FM: PSBs have so far cumulatively recovered Rs 2,27,288 cr of written off loans
• FM: 164 corporate debtors have realised 169% of the liquidation value under IBC where claim is more than 1000 cr
• FM: Govt has created contingency fund for Manipur for Rs 500 cr
• FM: Finmin to ensure fiscal situation of Manipur is well assessed and recovery is faster

• India-UAE Air Travel Cost May Fall 20%, With A Doubling Of Capacity In 5 Years
• UAE Would Like To Provide Indian Carriers With Greater Access To Destinations In UAE
• A 4:1 Formula Had Been Floated Earlier, Whereby For Ever Additional Flight From UAE
• 4 Flights Would Be Allowed From India
• With No Increase In Bilateral Air Travel Capacity The Economic Relationship Is Under Served
• UAE Can Help India Meet It’s Domestic Demand With Flights To Tier One, Two & Three Cities In India

Starlink must meet all application guidelines to secure a license in India, the government remains company-agnostic and open to competition in the satellite broadband sector, Union Minister for Communications and Development of the North Eastern Region, Jyotiraditya Scindia told Moneycontrol on Tuesday. (Read More)

• The Indian government is currently prioritising discussions on the terms of the Bilateral Trade Agreement (BTA) with the US, with no negotiations taking place regarding the avoidance of reciprocal tariffs.
• "Reciprocal tariff is a US law and a part of its broader international trade strategy, affecting multiple countries. As a result, we have not engaged in talks with them on this matter," said a government official on the condition of anonymity. (Read More)

• Air India CEO Campbell Wilson stated on Tuesday that the global aircraft shortage, which has constrained airline expansion, is expected to persist for another four to five years.
• Speaking at a Skift-organized event, Wilson highlighted key supply challenges, including a shortage of narrowbody jet engines, premium cabin seats, and certain aircraft fuselage components.

• Gold prices scaled a record peak above the crucial $3,000-mark on Tuesday for the second time within a week, as investors sought cover from economic concerns fuelled by U.S. President Donald Trump's tariff policies.
• Spot gold was up 0.4% at $3,012.74 an ounce as of 0420 GMT after hitting a record high of $3,014.83 per ounce earlier in the session.
• Gold rose above the $3,000/oz milestone for the first time on Friday.
• U.S. gold futures rose 0.5% to $3,021.70. (Reuters)

• Oil prices rose slightly on Tuesday, supported by instability in the Middle East as well as China's stimulus plans and data, although global growth concerns, U.S. tariffs and Russia-Ukraine ceasefire talks curbed gains.
• Brent futures ticked up 17 cents, or 0.2%, to stand at $71.24 a barrel by 0350 GMT, while U.S. West Texas Intermediate crude futures rose 14 cents, or 0.2%, to $67.72 a barrel.
• "Along with U.S. strikes on the Houthis in Yemen, several factors provided support to the market," ING analysts said in a research note.

• CNBC-TV18 Exclusive: Sources Say
• Bajaj Finserv Not Looking For Any New Partner For Its Insurance Entities
• Bajaj Finserv May Look At Listing Its Life & General Insurance Businesses
• Listing Of Life & General Insurance Entities Could Be A FY27 Event

• China has gone 40 days without importing liquefied natural gas (LNG) from the US, marking the longest pause in nearly two years, a latest Bloomberg report said on Tuesday. Traders have been rerouting shipments to avoid Beijing’s tariffs on the chilled fuel.
• This gap, the most prolonged since June 2023, is evident in ship-tracking data compiled by Bloomberg. Additionally, analytics firm Kpler reports that no US LNG shipments are currently headed to China.
• The ongoing trade war, initially triggered by the Trump administration, is pushing the world’s largest LNG buyer and seller further apart. In retaliation for broad US tariffs on Chinese goods, Beijing imposed a 15% tariff on American LNG starting February 10. As a result, Chinese buyers with long-term contracts for U.S. gas are redirecting those supplies to Europe. Meanwhile, firms in China are hesitant to secure new agreements with US exporters and are instead exploring options in the Asia-Pacific and the Middle East.

• UK Business and Trade Secretary Jonathan Reynolds will meet US counterparts in Washington on Tuesday to try to make progress in talks on a trade deal between the two countries.
• Reynolds is also expected to press President Donald Trump's administration to drop Britain from steel import tariffs.
• The minister will meet US commerce secretary Howard Lutnick and US trade representative Jamieson Greer for their first in-person discussions since Trump returned to the White House in January, Britain's business and trade department said in a statement. (AFP)

• Board to meet on pMarch 20 consider fund raising proposals
• To consider fund raising via issuance of securities (shares, warrants or debt)

• Founded in 2009, PDP Shipping & Projects Limited specialises in comprehensive logistics solutions, including sea and air freight, customs clearance, and project logistics.
• As an Authorised Economic Operator (AEO), the company facilitates global cargo transportation through sea, air, road, rail, and multi-modal networks.
• Operating on an asset-light model, PDP Shipping collaborates with third-party operators to provide cost-efficient and high-quality services for specialized cargo such as machinery, defense equipment, and automobiles, with a key focus on markets like Brazil, the USA, and South Korea.

Sun Capital Advisory Services (P) Ltd serves as the book-running lead manager for the PDP Shipping IPO, with Kfin Technologies Limited acting as the registrar. Rikhav Securities Limited has been appointed as the market maker for the issue.

The PDP Shipping IPO is priced at Rs 135 per share, with a minimum lot size of 1,000 shares. Retail investors were required to invest a minimum of Rs 1,35,000, while High Net-worth Individuals (HNI) were required to apply for at least 2 lots (2,000 shares), with an investment of Rs 2,70,000.

PDP Shipping IPO is a fixed-price offering worth Rs 12.65 crore, consisting entirely of a fresh issue of 9.37 lakh shares. The bidding process commenced on March 10, 2025, and concluded on March 12, 2025. The allotment was finalised on Thursday, March 13, 2025. Following this, the shares will be listing on the BSE SME platform today, i.e. March 18, 2025.

Hello and welcome to Moneycontrol. The IPO buzz is gaining traction on Dalal Street, with several significant listings and allotments lined up for today and tomorrow. Leading the way is the market debut of PDP Shipping IPO. Meanwhile, all eyes are on the US FOMC as it convenes for a crucial decision on interest rates, with Fed Chair Jerome Powell set to outline the policy stance. Additionally, we continue to monitor developments in the US tariff war and key global reactions, including perspectives from India. Stay tuned for real-time updates, major corporate announcements, and the latest financial news from India and beyond.