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

NCLAT allows Vedanta to make upfront payment of Rs 5,320 cr for...

Electrosteel owes lenders more than Rs 13,000 crore, of which about Rs 5,000 crore is to State Bank of India alone.

30 May 2018 2:58 PM IST

The possible coming together of online retailers Flipkart-Amazon combine may face close scrutiny for competition issues as the combined entity will be a dominant player in the fast growing Indian e-commerce market, according to experts.

Amazon India rebrands groceries service

E-commerce giant Amazon is aggressively ramping up selection for grocery on its platform and focussing on speedier...

30 May 2018 2:55 PM IST

Aadhaar is a 12-digit number, issued by the Unique Identification Authority of India (UIDAI), that acts as identification and address proof. (Photo: File)

8 out of 10 people concerned about Aadhaar data security, says study

More than 121 crore residents have been enrolled for Aadhaar and it has been used for over 19 billion authentications.

30 May 2018 2:47 PM IST

Fortis shares gained 4.17 per cent to end at Rs 153.80 on the BSE on Thursday.

Fortis defers board meeting to consider financial results

Fortis shares were trading 0.97 per cent up at Rs 145.25 on the BSE.

30 May 2018 2:43 PM IST

Tata Steel is countrys major steel producer.

NCLAT asks Tata Steel if it will pay dues of Bhushan Steel

Bhushan Steel owed its lenders about Rs 56,000 crore and was among the 12 big loan defaulters identified by the Reserve...

30 May 2018 1:58 PM IST

During the meeting, the two leaders highlighted potential areas of cooperation in marine, economy, and socio-culture as well as discussed regional and global issues.(Photo: ANI | Twitter)

India, Indonesia ink agreement to promote economic cooperation

The MoU was signed by the Director General of CII and the Vice Chairman of KADIN.

30 May 2018 1:15 PM IST

Given the higher NPAs and weak capitalisation of PSBs, ICRA had earlier projected private sector banks market share in the banking sector advances to increase to 38 per cent 40 per cent by 2020 from 27.5 per cent as on March 31, 2017. (Representational image)

Banks ask exporters to close Iran deals due to US sanctions

Two Indian banks have asked exporters to complete their financial transactions with Iran by August.

30 May 2018 12:44 PM IST

The Ministry of External Affairs on Friday suspended validity of passports of Nirav Modi and his business partner and uncle Mehul Choksi with immediate effect for a period of four weeks. (Facebook screengrab/NIRAVMODI)

PNB fraud: Nirav Modi jewellery estimated at less than 30 pc of book...

Value of polished diamonds held by Maha units of Firestar Diamond has also been reduce from Rs 153 cr to Rs 83 cr.

30 May 2018 12:33 PM IST

Sources at the National Aviators Guild (NAG), the pilots union of Jet Airways, said the bond requirement has been communicated to the junior pilots. (Photo: Representational/PTI)

Sebi seeks information from Jet Airways following complaint of fraud

The regulator also sought the views/recommendations of the statutory auditors and the audit committee of the company on...

30 May 2018 12:29 PM IST

Singapore Airlines Ltd said it would launch the worlds longest commercial flight in October, a near-19 hour non-stop journey from Singapore to the New York area.

Singapore Airlines to launch world's longest commercial flight

The Singapore-Newark flight marks the return of a popular route for Singapore Airlines.

30 May 2018 12:22 PM IST

Board members and trustees are also aware that in the case of AirAsia, ethical concerns have been raised with respect to certain transactions as well as overall prevailing culture within the organisation.

AirAsia shares slide as probe puts India unit IPO, expansion at risk

Shares slid 6 per cent to a six-month low to give the airline a market value of roughly $2.6 billion.

30 May 2018 10:23 AM IST

Attorney Brent Renison said the court did not say the lottery was the best way to distribute visas, only a permissible way. (Photo: File)

US receives over 5,000 tips on H-1B visa fraud: official

The USCIS, however, did not provide any other details with regard to the nature of complaints

30 May 2018 10:12 AM IST