 "Top headlines: CWC postpones important decision; iron ore surges 10%")
Congress postpones party president election
The Congress Working Committee unanimously decided on Monday to postpone the election to the post of party president until the Covid-19 situation in the country improves, sources said. The Congress had earlier decided to have a new Congress president in place before June 2021 and the party's central election authority chaired by Madhusudan Mistry had proposed holding the election on June 23. Read here
Iron ore's 10% surge adds to commodities boom
Iron ore's 10% surge adds to commodities boom
Iron ore futures surged more than 10% and copper jumped to a record amid increasing bets they’ll be among the biggest winners from a commodities boom that’s stoking concerns about inflation around the world. While market participants struggled to pinpoint a trigger for Monday’s gains in iron ore, they cited several ongoing trends including optimism that central banks will retain supportive policies even as the global economy recovers. Read here
LIC's holding in listed companies at all-time low
LIC's holding across 296 companies where its holding is more than 1 per cent slipped to an all-time low of 3.66 per cent as on March 31, 2021, down from 3.70 per cent as on December 31, 2020 and from all-time high of 5 per cent as on June 30, 2012, as per primeinfobase.com, an initiative of PRIME Database Group. Read here
BharatPe plans to disburse Rs 14,000 cr in business loans by March 2023
Fintech company BharatPe, which is soon expected to become a unicorn, has raised Rs 50 crore in debt from Northern Arc Capital, one of India’s leading digital debt finance platforms focused on improving access to finance for under-served businesses and individuals in India. This is the sixth round of debt financing for BharatPe in the year 2021. In January this year, the company had raised Rs 200 crore from three top debt companies in the country. Read here
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%