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ArcelorMittal India Pvt Ltd submitted a plan to Indias NCLT, which deals with insolvency and company disputes, on Feb 12 to bid for Essar Steel in partnership with Nippon Steel.

NCLAT may ask ArcelorMittal to deposit Rs 42,000 cr for acquiring...

The bench also directed the operational creditors and financial creditors of Essar Steel to file a chart next week.

9 April 2019 3:59 PM IST

Increase in gold imports pushed the countrys trade deficit to USD 94.32 billion in April-September 2018-19.

Gold falls Rs 235 on muted demand

Reduced demand from local jewellers as well as retail buyers led to the slide in gold prices, said traders.

9 April 2019 3:46 PM IST

India pays its third largest oil supplier in euros using European banking channels and imports.

Overhauled oil policy to apply from 4th bid round: DGH

Union Cabinet had in February approved a policy for awarding blocks based on exploration commitment such as drilling of...

9 April 2019 3:33 PM IST

As the downward spiral of the rupee continues, its effect will be felt in the government not being able to hold the fiscal deficit, inflation in oil and other imports, the fall of investments made in the stock market and the increased cost to companies in repaying foreign loans.

India meets fiscal deficit target of 3.4 per cent via spending cuts:...

The government missed the tax collections target by over 1 trillion rupees.

9 April 2019 3:11 PM IST

Tech Mahindra to buy 18.1 pc stake each in lnfotek Software and...

The investment will also help expand Tech Mahindra's solution portfolio to cater to the smart city projects.

9 April 2019 2:28 PM IST

These chargers would facilitate electric car users to charge their cars (battery electric vehicles such as the Mahindra e2o, Nissan Leaf, etc) at any time safely and conveniently. The chargers can also monitor the car battery charging status and units consumed while charging a car.

Electric Vehicles body seeks to delink localisation from subsidy...

With the aim to promote eco-friendly vehicles, the government in 2015 launched FAME India scheme.

9 April 2019 2:13 PM IST

Aramcos planned USD 69.1 billion acquisition of a 70 per cent stake in petrochemicals firm Saudi Basic Industries Corp (SABIC) from the Saudi sovereign wealth fund.

Saudi Aramco breaks record as demand for its bond tops USD 85 billion

Aramco was expected to raise around USD 10 billion from the deal.

9 April 2019 2:09 PM IST

ATF accounts for a substantial chunk of the operational expenses incurred by airlines.(Representational Image)

DGCA requests airlines to augment number of flights

DGCA has been meeting with the airlines continuously so that they augment the additional capacity.

9 April 2019 1:44 PM IST

The updates are limited to the diesel variants of both cars. Both models get new interior colour options. Innova Crysta gets a few feature additions like a USB fast charger and heat rejection glass.

Toyota gives Innova, Fortuner an upgrade

Toyota has updated its best-sellers based on customer feedback, which has led to a price hike as well.

9 April 2019 1:37 PM IST

Three variants on offer: sDrive20i Sport Line, sDrive20i M sport, and M40i.

2019 BMW Z4 launched in India, prices begin from Rs 64.90 lakh

Prices start at 64.90 lakh for the sDrive20i and 78.90 lakh for the M40i variants (ex-showroom, India).

9 April 2019 1:31 PM IST

The construction works have stopped since several years.

5.6 lakh housing units worth Rs 4.51 lakh cr facing delays in 7 major...

As per the Anarock data, the NCR and MMR account for 72 per cent of the total stuck housing units.

9 April 2019 1:21 PM IST

Emami ropes in Varun Dhawan as Navratna Cool brand ambassador

Navratna portfolio consists of Navratna Oil, Navratna Xtra Thanda Oil, Navratna Almond Cool Oil, Navratna Cool and...

9 April 2019 12:45 PM IST