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Essar Steel promoters, however, wanted the CoC to consider their offer as it offered maximum value to all stakeholders and cannot be ignored citing some process lacunae.

Supreme Court orders status quo in Essar insolvency case

Essar Steel was auctioned under the new IBC to recover Rs 54,547 crore of unpaid dues of financial lenders.

22 July 2019 11:29 AM IST

Jio will engage its users every Saturday to help them learn about the JioPhone features, use of apps, internet safety, and more. (Photo: ANI)

Reliance mobile operator Jio to focus on subscriber numbers not...

Analysts had predicted that Jio would start raising its tariffs as soon as it reached a critical mass of subscribers.

22 July 2019 10:39 AM IST

Dr Rajiv Kumar was declared as the new Vice Chairman of Niti Aayog.

India will achieve 8 pc plus growth from FY 2020-2021 onwards: Rajiv...

Kumar emphasised that a very large number of jobs have been generated in the country in the last five years.

22 July 2019 10:09 AM IST

The Indian rupee is totally correlated to the crude prices and as long as the crude remains above $70, the rupee will hold weak.

Rupee slips 26 paise against dollar in early trade

Rupee, is trading at 69.06 against dollar amid heavy selling in domestic equities and rising crude oil prices.

22 July 2019 10:04 AM IST

LICs stake went up in seven Sensex companies during Q4. They are: Bajaj Auto; Mahindra & Mahindra; Kotak Mahindra Bank; HDFC Bank; ONGC; Coal India; and ITC.

Sensex plunges over 400 points; HDFC Bank cracks 3 per cent

The 30-share index was trading 373.14 points or 0.97 per cent lower at 37,963.87.

22 July 2019 9:59 AM IST

MobiKwik, on Tuesday announced its partnership with Microsoft for powering digital payment services.

MobiKwik aims to clock Rs 500 cr revenue from its payment gateway biz

Taku said the company has a strong focus on enterprise-grade security protocols for its PG business.

22 July 2019 9:22 AM IST

With this investment, Singtels total stake (along with its affiliates) in Bharti Telecom will increase to 48.90 per cent. Singtel currently holds 47.17 per cent stake in Bharti Telecom. This will lead to an increase of Singtel economic interest in Bharti Airtel by 0.9 percentage points to 39.5 per cent. (Photo: PTI)

Airtel to seek shareholders' nod for waiver of recovery of excess pay...

Bharti Airtel will seek the approval at its annual general meeting to be held on August 14 in New Delhi.

22 July 2019 9:17 AM IST

The government on Monday said it will still want to see if IndiGo bids for Air India.

IndiGo to expand board; to have 4 independent directors

Sebi and the corporate affairs ministry are looking into the alleged governance lapses at InterGlobe Aviation.

22 July 2019 9:08 AM IST

In a move to encourage domestic manufacturing of e-vehicles, the Goods and Services Tax (GST) Council is likely to decide on lowering tax rates for electric vehicles soon.

GST cut on e-vehicles likely

The GST rate for petrol and diesel cars and hybrid vehicles is already at the highest bracket of 28 per cent plus cess.

22 July 2019 7:38 AM IST

The research groups analysis of sulfur-rich minerals, called sulfides, in diamonds mined in Sierra Leone, indicated that the region experienced two subduction events during its history. (Photo: Representational/Pexels)

Dip in India demand hits Russian diamond miner

Alrosa expects the situation to ease in the September quarter as demand from jewellery consumers remains stable.

22 July 2019 7:34 AM IST

Interestingly, while illegal flow of pepper through Nepal has increased, the import of Vietnamese pepper through Sri Lanka has come down substantially, thanks to increased monitoring.

Downtrend in pepper price to continue

Vietnam is selling the commodity at $2,800 per tonne, less than half the price of $6,000 per tonne commanded by the...

22 July 2019 7:31 AM IST

The most popular elements of Musical.ly and TikTok will be incorporated into a new feed.

Examining options to set up data centre in India: TikTok, Helo parent...

The development assumes significance given that Indian government recently issued notices to Tiktok and Helo.

21 July 2019 5:22 PM IST