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Any bidder who wants to submit the EoI and wants to participate in the second stage of RFP will need to have a minimum net worth of 5,000 crore and show profitability of the bidding firm (positive profit after tax) in at least three of the immediately preceding five financial years from the EoI deadline.

Centre to sell 76 per cent stake in Air India

In the second stage, the highest bidder would be declared as the buyer after requisite security clearances.

29 March 2018 1:48 AM IST

Market regulator Sebi has approved most of the recommendations of corporate governance panel. The key changes accepted by Sebi are

Sebi splits CMD post in top 500 companies

Makes webcast of shareholders meeting mandatory.

29 March 2018 1:39 AM IST

At the end of the five-day auction, nearly 60 per cent of the spectrum had remained unsold.

Telcos' pre-tax losses widen to Rs 38,153 crore in 2016-17

Also, 24 out of 50 companies reported losses before tax during 2016-17

28 March 2018 5:59 PM IST

The companys board agreed to issue comfort letter to provide Rs 7,266 crore in return for 98.43 per cent stake in BCL.

CCI clears UltraTech's acquisition of Binani Cement

UltraTech Cement will buy loan defaulter Binani Cement's stressed assets by providing Rs 7,266 crore.

28 March 2018 5:24 PM IST

Fiscal deficit for the financial year 2016-17 is budgeted at 3.5 per cent.

Fiscal deficit at 120 per cent of revised estimates at Feb-end

Fiscal deficit or gap between total expenditure and revenues has been pegged at 3.3 per cent for 2018-19.

28 March 2018 5:03 PM IST

Uber CEO Dara Khosrowshahi. (Photo: AP)

Will invest whatever we have to for success in India: Uber CEO

Uber has been pumping in substantial funds to fuel its growth in India.

28 March 2018 4:38 PM IST

Bombay Stock Exchange

Sensex skids 206 points; ends FY18 with 11.30 per cent gains

The broader 50-share index Nifty also ended 70 points lower at 10,113.70.

28 March 2018 4:19 PM IST

The RBI has always said monetary policy should be accompanied by fiscal policy if the wheels of the economy are to be greased. (Photo: PTI)

Banks anticipate tough Q4 as RBI tightens NPA norms

State Bank of India and PNB has deposited significantly lower advance tax during the quarter.

28 March 2018 3:50 PM IST

US-based Cognizant posted an overall 86 per cent jump in June quarters net profit at USD 470 million.

Paid all applicable taxes, I-T dept's position without merit:...

Company believes that the positions taken by the Indian Income Tax Department are contrary to law and without merit.

28 March 2018 2:41 PM IST

Inflation based on the Wholesale Price Index was 0.90 per cent in June 2017 and 0.63 per cent in July 2016.

Inflation fears overdone; rate cut likely in August: report

Inflation risks are overdone and March inflation is likely at 4.2 per cent, down from December's 5.2 per cent.

28 March 2018 2:25 PM IST

IDBI shares fell as much as 3.5 per cent to 73.6 rupees.

IDBI Bank discloses fraud of USD 119 million, shares fall

IDBI Bank fraudulent loans of 7.72 billion rupees were issued from 5 of its branches in Andhra Pradesh and Telangana.

28 March 2018 1:29 PM IST

Representational image of gold bars.

Gold rises marginally despite weak global cues

Gold is trading at Rs 30,953 per 10 gram as speculators created positions, ignoring weak global cues.

28 March 2018 12:28 PM IST