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Prior to the merger, HPCL is likely to take over Mangalore Refinery and Petrochemicals (MRPL) to bring all the refining assets of ONGC under one unit.

HPCL to acquire MRPL in share-swap deal

At present, ONGC owns 71.63 per cent stake in MRPL while HPCL has 16.96 per cent.

31 Oct 2017 1:46 PM IST

RCom chairman Anil Ambani

RCom shares in heavy demand; zoom over 16 per cent

Firm will sell telecom tower and real estate businesses to pay off Rs 27,000 cr out of Rs 45,000 cr of debt.

31 Oct 2017 1:37 PM IST

India ranked 130 out of 190 countries on the World Banks ease of doing business list. (Photo: Pixabay/Representational)

Ease of doing biz rankings to be released today! Can India move up the...

In the 2017 list, India ranked at 130 out of the 190 countries on the index, just one rank up from 2016's 131.

31 Oct 2017 1:21 PM IST

As per new IMF projections, Indias growth in 2016 is now estimated to be 6.6 per cent as against 7.6 per cent earlier. (Photo: AFP)

IMF projects deficits of $320 billion for Mideast oil exporters

IMF said economic growth in these countries bottomed out to around half a per cent in 2017.

31 Oct 2017 1:18 PM IST

The new Suzuki cruiser bike will be powered by the same 155cc.

Suzuki Intruder to launch on November 7

Suzuki will make its foray into the entry-level cruiser motorcycle segment with a Suzuki Gixxer based motorcycle.

31 Oct 2017 1:11 PM IST

The Land Rover Discovery is offered with two engine options and a total of five different variants.

Land Rover launches 2017 Discovery at Rs 68.05 lakh

Land Rover has launched its 7-seater flagship in the country with deliveries commencing in three days.

31 Oct 2017 1:02 PM IST

Samsung has sold non-core assets while pushing through a merger of two affiliates in 2015.

Samsung names 3 new business heads, JK Shin and others to step down

Current CFO Lee Sang-hoon would resign from his CFO role and had been recommended as chairman of board.

31 Oct 2017 11:44 AM IST

At present, there is a 10 per cent import duty on gold. (Photo: PTI)

Gold futures fall 0.20 per cent on weak global cues

Gold is trading at Rs 29,324 per ten gram in futures trading as participants trimmed their positions.

31 Oct 2017 11:28 AM IST

Reliance Communications Ltds decision to call of the merger with Aircel will weigh heavy on its deal with asset manager Brookfield. Photo: PTI

RCom says it has agreed to debt repayment plan

The announcement comes after the unravelling of its previous debt repayment plan, which had hinged on merging with rival...

31 Oct 2017 11:26 AM IST

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

RCom shares jump 10 per cent on debt repayment plan

Under a central bank debt restructuring plan, RCom's lenders will also swap Rs 70 billion of the loans to take a 51 per...

31 Oct 2017 10:53 AM IST

NSE Nifty reclaimed the 9,900-level and BSE Sensex climbed over 167 points in early trade on Thursday. Photo: PTI

Sensex, Nifty come off record, US Fed meet up in focus

The BSE 30-share barometer fell by 66.99 points to 33,199.17 and the NSE Nifty fell by 22.60 points to trade at...

31 Oct 2017 10:18 AM IST

Positive start for domestic stock markets lent support to rupee. (Photo: PTI)

Rupee strengthens 7 paise against US dollar in early trade

On Monday, the rupee had bounced back by a healthy 20 paise to end at 64.85 against the US currency.

31 Oct 2017 10:06 AM IST