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Adani Group on Wednesday announced foray into transport infrastructure with a Rs 1,140-crore highway project won by a consortium led by its holding firm in Chhattisgarh from the National Highways Authority of India (NHAI).Business
Adani forays into road infra, wins Rs 1,140 crore road project

The group's flagship firm Adani Enterprises Ltd (AEL) has been exploring opportunities in the sector.

4 April 2018 7:54 PM IST

Anil Ambani-led Reliance Group on Wednesday said it has sent a Rs 1,000 crore defamation notice to Mumbai Congress president Sanjay Nirupam for making \false and baseless\ allegations against the company.Business
Reliance Group sends Rs 1,000 crore defamation notice to Nirupam

The company will also file a contempt petition against Nirupam in the Bombay High Court.

4 April 2018 7:45 PM IST

Banning of letters of undertaking (LoUs) and letters of comfort (LoCs) by the RBI as trade finance instruments is likely to reduce financial flexibility of importers, a Fitch group company said on Wednesday.Business
LoU ban to impact financial flexibility of importers

The central bank stopped banks from issuing the two instruments for trade credits for imports into India.

4 April 2018 7:32 PM IST

The government on Wednesday said Indias prospects to become a top steel exporter depends on a range of factors, including competitiveness and demand, and will not be impacted by the trade barriers the US has put on imports.Business
US tariff hike won't stop India from becoming top steel exporter: Govt

India's ambition to become a major steel exporter depends on a number of factors.

4 April 2018 7:20 PM IST

The Delhi Court on Wednesday sought the Centres and tax authority CBDTs response on a plea opposing the requirement of quoting Aadhaar number or linking it with PAN in e-filing tax returns.Business
Plea in Delhi HC against Aadhaar requirement for e-filing returns

The Delhi Court on Wednesday sought the Centre's and tax authority CBDT's response.

4 April 2018 7:13 PM IST

Jet Airways stock ended the day at Rs 604.35, down 1.55 per cent from the previous close on BSE.Business
Jet Airways stock ends 2 per cent down

The full service carrier has an order for 75 Boeing 737 MAX aircraft.

4 April 2018 7:10 PM IST

The latest amendment in the solar project bidding norms is positive for solar developers but uncertainty remains over the pending decision on safeguard duty, says a report by Icra.Business
Amendment in solar bidding norms positive, says Icra

Uncertainty remains over the pending decision on safeguard duty, says a report by Icra.

4 April 2018 6:48 PM IST

Average phone call tariff dropped by more than 60 per cent to 19 paise per minute.Business
Average phone call rate falls to 19 paise, data tariff to Rs 19

The average outgo for voice and data services in India have shown continuous downward trend.

4 April 2018 6:36 PM IST

Domestic investors were reluctant to expand their portfolios ahead of the RBIs monetary policy review, brokers said.Business
Markets tank as US, China reignite trade tussle, RBI policy eyed

Benchmark Sensex slumped more than 350 points on Wednesday

4 April 2018 6:20 PM IST

Senior officials of India and European Union (EU) will meet in Brussels next week.Business
India-EU FTA: Officials to meet in Brussels next week

A lot of things have changed since 2013 and now the time is right to resume the talks, the official added.

4 April 2018 6:05 PM IST

Mutual funds industry has added 32 lakh new investors over the last one year mainly due to a spirited promotion campaign by the industry, a senior Amfi official said on Wednesday.Business
Mutual Funds add 32 lakh investors in 1 year on awareness campaign

It is mainly due to a spirited promotion campaign by the industry.

4 April 2018 5:31 PM IST

Rich nations want WTO members to discuss and agree on new issues such as labour, e-commerce, environment and sustainable goods and government procurement.Business
We won't like environment issues at WTO, says Suresh Prabhu

India on Wednesday said it is against taking up environment issues at the World Trade Organisation.

4 April 2018 5:10 PM IST

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