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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.

New twist to Essar tale, SBI seeks to sell Rs 15,000 cr bad loans

SBI has put the reserve price for the recovery of bad loans from Essar Steel India at Rs 9,587.64 crore.

17 Jan 2019 10:51 AM IST

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

Rupee opens 9 paise higher against US dollar

Easing crude oil prices and selling of the American currency by exporters supported the rupee.

17 Jan 2019 10:17 AM IST

Sensex, Nifty each lost over 1 per cent on Friday amidst fears of a US-North Korea war. (Photo: PTI)

Sensex rises over 100 points on sustained DII buying

The 30-share index was trading 72.16 points, or 0.20 per cent, higher at 36,393.45 in early trade.

17 Jan 2019 10:08 AM IST

The agenda going forward is clear: The banks have to regain the confidence of investors so that they can raise funds from the capital markets and not be dependent on government. (Representational image)

Cabinet approves Rs 6,000 crore capital infusion in Exim Bank

Exim Bank is the apex financial institution for financing, facilitating and promoting the country's international trade.

16 Jan 2019 6:06 PM IST

Startups have also appealed that the government should also consider eliminating Minimum Alternate Tax for startups, which are DIPP certified.

Govt eases process for startups to seek tax exemption on angel fund...

Startups will have to provide account details and return of income for last three years.

16 Jan 2019 5:21 PM IST

Reliance Industries or RIL chairman Mukesh Ambani at an AGM in Mumbai. (Photo: PTI)

Mukesh Ambani in top Global Thinkers list of Foreign Policy

With a fortune of USD 44.3 billion, Mukesh Ambani displaced Jack Ma in 2018 as Asia's richest man.

16 Jan 2019 4:44 PM IST

The BSE Sensex on Friday soared to life-time high of 33,270.62 and the NSE Nifty scaled another record high of 10.366.15 in opening trade. Photo: AP

Sensex, Nifty end marginally higher amid mixed global cues

After swinging nearly 200 points, the 30-share BSE Sensex index settled 2.96 points, or 0.01 per cent, higher at...

16 Jan 2019 4:12 PM IST

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

Gold rises for 3rd day, surges to Rs 33,190 per 10 gm

Gold is trading at Rs 33,190 per 10 gram at the bullion market here due to increased demand from jewellers.

16 Jan 2019 4:01 PM IST

Economic Affairs Secretary Shaktikanta Das

RBI Governor to meet industry chambers on Thursday

Meeting comes ahead of the sixth bi-monthly monetary policy statement for 2018-19 scheduled to be announced on Feb 7.

16 Jan 2019 3:01 PM IST

The needless controversy between the government and the RBI is a direct consequence of economists without any practical experience in administering policies at a high level being inducted to executive positions.

RBI may take dovish stance in Feb policy with softer inflation

The report expect a 50 basis points of rate cut in the first half of 2019.

16 Jan 2019 1:49 PM IST

IOCs current capacity stands at about 1.62 million bpd including 230,00 bpd controlled by its subsidiary Chennai Petroleum Corp.

IOC to raise USD 3 billion more in overseas loan

IOC is already in market to raise USD 900 million through a bonds issue .

16 Jan 2019 1:36 PM IST

Being the first baby to be born in-flight for the airline, Jet Airways has offered him a free lifetime pass for all his travels.

Etihad offers to invest in Jet Airways at 49 per cent discount: report

Etihad is required to make an open offer to shareholders for a majority of the shares once its stake goes past 25 per...

16 Jan 2019 1:23 PM IST