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Ex-CBI joint director appointed anti-corruption officer in Airports Authority of India

Bhatti was last posted in the Central Bureau of Investigation (CBI) as the joint director in Multi-Disciplinary Monitoring Agency (MDMA), that is conducting investigation into the assassination of former Prime Minister Rajiv Gandhi.

Basic materials stocks edge lower

Vaibhav Global Ltd leads gainers in A group

South Indian Bank Ltd, Kolte Patil Developers Ltd, ERIS Lifesciences Ltd and Hindustan Copper Ltd are among the other gainers in the BSE s A group today, 07 May 2021. South Indian Bank Ltd, Kolte Patil Developers Ltd, ERIS Lifesciences Ltd and Hindustan Copper Ltd are among the other gainers in the BSE s A group today, 07 May 2021. Vaibhav Global Ltd spiked 15.08% to Rs 1004.3 at 11:48 IST. The stock was the biggest gainer in the BSE s A group. On the BSE, 70859 shares were traded on the counter so far as against the average daily volumes of 6285 shares in the past one month. South Indian Bank Ltd surged 12.31% to Rs 9.03. The stock was the second biggest gainer in A group. On the BSE, 73.93 lakh shares were traded on the counter so far as against the average daily volumes of 23.41 lakh shares in the past one month.

Basic materials stocks rise

Basic materials stocks were trading with gains, with the S&P BSE Basic Materials index increasing 70.62 points or 1.44% at 4990.72 at 09:49 IST. Among the components of the S&P BSE Basic Materials index, Hindustan Copper Ltd (up 7.26%), Sunflag Iron & Steel Company Ltd (up 7.18%),Tata Steel BSL Ltd (up 7.17%),Vedanta Ltd (up 5.6%),Grauer & Weil (India) Ltd (up 5.56%), were the top gainers. Among the other gainers were Vikas Wsp Ltd (up 4.87%), National Aluminium Company Ltd (up 4.52%), Insecticides India Ltd (up 4.52%), Gravita India Ltd (up 4.5%), and Tata Steel Ltd (up 3.82%). On the other hand, Polyplex Corporation Ltd (down 2.74%), Navin Fluorine International Limited (down 2.63%), and Deepak Nitrite Ltd (down 2.45%) turned lower.

Two Indian Parties Allowed to Choose Foreign Seat of Arbitration

Tuesday, May 4, 2021 Two Indian parties are entitled to elect a seat of arbitration outside India; The expression “International Commercial Arbitration” in Part I of the Arbitration Act is party-centric, whereas, when used in the context of Part II signifies a place-centric approach; Resultantly, a foreign seated arbitration between two Indian parties would qualify as “International Commercial Arbitration” under Part II of the Arbitration Act, and enforcement of a foreign award arising thereunder will have to be filed before the High Court; Two Indian parties are entitled to interim reliefs before Indian Courts, even if their arbitration is seated outside India;

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