Sunday, August 23
NEW DELHI: India is seeking over $30 billion in compensation from Reliance Industries and BP in an arbitration case for gas it says the companies failed to produce from offshore fields, according to three people with knowledge of the matter. A tribunal has been hearing the dispute in India since 2016 over gas produced from two deepwater fields, D1 and D3, in the D6 block of the Krishna Godavari basin, seven individuals with knowledge of the proceedings said. Final arguments took place on Nov. 7, they said. The three-member tribunal is expected to deliver its verdict in mid-2026, two people aware of the hearing schedule said. The verdict can be challenged in Indian courts, several people said. Reuters is reporting the case and India's $30 billion claim for the first time. The D1
Hindustan Copper shares have been on a remarkable run in December 2025, drawing strong interest from traders and investors alike. The stock surged 14.8% in early trade on Monday to hit a fresh all-time high of Rs 545.95, up from its previous close of Rs 475.45.Overall, the stock has rallied an impressive 48.35% over just seven trading sessions.This sharp upmove reflects growing investor interest in metal stocks, particularly those linked to copper, amid rising global prices and favourable macroeconomic factors.The rally in Hindustan Copper comes against the backdrop of higher dollar-denominated contract prices, a weakening rupee, and a broader uptick in the metals space. The surge in volumes and price action suggests strong technical momentum, with the stock trading well above key indicato
