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Essar Oil completes $13 billion sale to Rosneft in largest FDI deal

Mumbai: Debt-laden Essar group on Monday concluded the sale of its crown jewel Essar Oil, including the captive port, power and retail assets, to Moscow-controlled oil giant Rosneft and a consortium o...

2017-08-21 16:44:16.0

EOL deal prevents Ruias from re-entering India oil refining, retailing: Rosneft

Mumbai: Asserting that only commercial considerations were the sole driving factor behind the $12.9 billion acquisition of Essar Oil, Rosneft, the new owners of the country's second largest oil refine...

2017-08-21 16:43:36.0

Boost clean energy or see economy dip, warns Goyal

New Delhi: Power Minister Piyush Goyal on Monday underlined the importance of quickening efforts to promote clean energy and reduce greenhouse gas emission failing which the global economy will slip i...

2017-08-21 16:42:56.0

NHPC will seek shareholders' nod to raise Rs. 2,000 cr

New Delhi: State-run hydro power giant NHPC on Monday said it will seek shareholders' approval to raise Rs 2,000 crore via issuance of non-convertible debentures on private placement basis at its AGM ...

2017-08-21 16:42:05.0

IEX gets Sebi's go-ahead for IPO

New Delhi: Indian Energy Exchange (IEX) has received the approval of capital markets regulator Sebi to float an initial public offer. The company had filed IPO papers with Sebi in June and got...

2017-08-21 16:41:03.0

NTPC shareholders asked to clear Rs. 15k-cr bond issue

New Delhi: State-owned power giant NTPC has sought shareholders' approval to raise Rs 15,000 crore via non-convertible bonds on private placement basis domestically for capex, working capital and othe...

2017-08-21 16:40:06.0

India imposes anti-dumping duty on tempered glass from China

New Delhi: India has imposed anti-dumping duty on tempered glass, used for protecting mobile phone screens, from China for five years to protect the domestic industry from below-cost imports. ...

2017-08-21 16:39:09.0

Merkel wants to 'restore trust' in diesel after scandal

Berlin: German Chancellor Angela Merkel said on Monday that trust must be restored in diesel cars after the emissions cheating scandal and spoke out against plans to ban them from some inner cities. ...

2017-08-21 16:37:02.0

GST drags India Inc's Q1 profit down 15.7% to Rs. 87,475 crore

Mumbai: India Inc profits dipped by 15.7 per cent to Rs 87,475 crore in the first quarter of the current fiscal, largely owing to destocking of goods by companies before execution of GST regime from J...

2017-08-21 16:21:44.0

McDonald's ends its franchise pact with Bakshi for 169 outlets

New Delhi: McDonald's has terminated franchise agreement for 169 out of its 430 fastfood outlets in the country, alleging breach of contract terms and payment default by the operator of the franchise ...

2017-08-21 16:21:11.0

Govt gets Rs. 42,000 crore tax in first filing under GST

New Delhi: As much as Rs 42,000 crore has already come in as taxes so far in the first monthly filing under the new Goods and Services Tax (GST) regime and the revenues are expected to swell further a...

2017-08-21 16:20:13.0

Tata Motors to pump Rs. 4k cr to drive new products in FY18

Mumbai: Homegrown auto major Tata Motors on Monday said it will invest Rs 4,000 crore in the current fiscal to bring new passenger and commercial vehicles to the market as part of its turnaround strat...

2017-08-21 16:18:36.0

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