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RCom was expecting a significant debt reduction post completion of merger with Aircel. (Photo: File)

Business

RCom says holders of USD 300 mn bonds to be repaid via cash, GCX bonds

The Global Cloud Xchange bonds will be unsecured and carry a coupon of 0.1 per cent with maturity of four years.

24 Aug 2018 5:35 PM IST

Employees of public sector banks have threatened to go on two-day nation-wide strike from May 30.

Business

PSBs should have operational freedom like private players: official

There are limitations with respect to ownerships in public sector banks but those issues can be easily resolved.

24 Aug 2018 5:10 PM IST

Maruti Suzuki India (MSI) is quietly gaining presence in the light commercial vehicle (LCV) space with its Super Carry mini-truck registering over ten-fold jump in sales in 2017-18.

Business

Maruti's quick response team with bikes to provide road side...

The launch of the QRT on bikes is a strategic decision to rapidly help attend customer cars that may have broken down.

24 Aug 2018 4:55 PM IST

The electric version of the classic Jaguar E-Type especially modelled for Prince Harry to drive Meghan Markle to their wedding reception in May will go into production at the Tata Motors Jaguar Land Rover factory in the UK, and will hit the roads by 2020, the company said.

Business

Tata Motor's Jaguar to produce electric version of Classic E-Type

However, the price tag of the revamped Jaguar E-Type is yet to be revealed by the company.

24 Aug 2018 4:19 PM IST

The BSE Sensex on Friday soared to life-time high of 33,270.62 and the NSE Nifty scaled another record high of 10.366.15 in opening trade. Photo: AP

Business

Sensex slips from record, falls 85 points; logs 5th weekly gains

The wider NSE Nifty too slipped from record but managed to close above the crucial 11,550 mark at 11,557.10 points.

24 Aug 2018 4:08 PM IST

On Tuesday, the Indian rupee closed the session on a flat note at 69.83 a dollar.

Business

High borrowing costs, weak rupee to impact India Inc: report

A weak rupee has also added to the borrowing woes of corporates sourcing funds from the global markets.

24 Aug 2018 3:13 PM IST

$Moodys Investors Service on Monday termed mining giant Vedantas acquisition of bankrupt Electrosteel Steels through insolvency process as \credit positive\, saying the move would augment the formers business profile and revenue generation.$ Business