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JSPL says it has supplied 150,000 tonnes of rail to Iran since 2016, did not respond to a request for immediate comment. (Representational Image)

JSPL supplies 1.26 lakh tonne rails to Indian Railways

In July last year, JSPL had received from railways an order of about one lakh tonne rails, which was later extended by...

31 July 2019 11:44 AM IST

Reserve Bank of India (RBI)

RBI relaxes external commercial borrowing norms for corporates, NBFCs

ECBs with a minimum average maturity period of 10 years can now be used for working capital purposes and general...

31 July 2019 10:00 AM IST

Sterling Biotech bank fraud case: ED grills Ahmed Patel's son-in-law

Irfan Siddiqui's statement was recorded under PMLA after he was grilled about his purported links with Sandesara...

31 July 2019 9:05 AM IST

Private sector lender Axis Bank on Tuesday failed to meet street expectations as it reported higher slippages and had higher write-offs during Q1FY20.

Axis Bank numbers disappoint Street

The bank said it downgraded Rs 2,242 crore into the BB pool during the quarter mostly from stressed groups.

31 July 2019 2:07 AM IST

Chairman of the Aditya Birla Group, Kumar Mangalam Birla. (Photo: PTI)

Birla: Cement demerger this quarter

While addressing shareholders at the 122nd AGM of the company here on Tuesday, Birla said during 2018-19.

31 July 2019 2:03 AM IST

After blowing the lid off the big-ticket IL&FS scam, the Serious Fraud Investigation Office (SFIO) is likely to look into the mega fraud alleged against Indiabulls Group by Rajya Sabha member Subramanian Swamy.

SFIO may probe charges against Indiabulls Group

The agency is looking forward to directions from the government to formally begin the investigation.

31 July 2019 1:03 AM IST

V.G. Siddhartha

Assessing situation after disappearance of chairman V G Siddhartha:...

The company said Siddhartha is not reachable since Monday evening. 'We are taking the help of concerned authorities'.

30 July 2019 9:48 PM IST

Delhi is the first to slash electricity tariffs among those states that revised power prices for 2018-19 in the past three months.

Southern states gear up for Letter of Credit system for power...

The power ministry has made it mandatory for discoms to open and maintain adequate Letter of Credit as payment security...

30 July 2019 7:27 PM IST

Johannesburg residents calling a local radio station complained they had been left without power as a result of the ransomware. (Representational Image)

Power Finance Corporation board okays raising Rs 70,000 cr in one year

The proposal would be placed for shareholders' approval in an AGM of the company on August 27, said the statement.

30 July 2019 7:04 PM IST

Sebi has begun looking into the matter for any possible disclosure and corporate governance-related lapses.

Sebi fines ex-FTIL vice-president Naisadh Desai Rs 12 lakh for...

As per Sebi's order, Naisadh Desai was senior vice-president and company secretary of FTIL from Mar 2008 to Sep 2013.

30 July 2019 6:19 PM IST

In an earlier report, the committee had recommended the option of handing over the management of BSNL and MTNL to those professionals who have a proven track record of facing a stiff competitive environment coupled with efficient management of finances, equipment, manpower and modern marketing strategies.

DoT working on proposal for MTNL, BSNL merger; final call by Cabinet:...

The net worth of BSNL stood at Rs 34,276 crore, while MTNL had a negative networth of Rs 9,735 crore as on April 1,...

30 July 2019 4:11 PM IST

The financial creditors would vote for the second time on the resolution plan for Jaypee Infratech.

NCLAT extends Jaypee Infratech insolvency period by 90 days

Appellate tribunal rejected the plea of Jaiprakash Associates Ltd, the promoters of Jaypee Infratech, to be eligible to...

30 July 2019 3:02 PM IST