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$Jet Airways has said that the flights were cancelled over an \unforeseen operational circumstance\ and not because of the protest by pilots. (Photo: Twitter | @jetairways)$ Business

Jet Airways delays payment to debenture holder

Jet has been saddled with debt of over USD1 billion due to tight competition and rising fuel costs.

18 March 2019 6:20 AM GMT

InVIT will acquire 100 per cent equity interest in Pipeline Infrastructure Pvt Ltd, owner and operators of the pipeline that transports Reliance Industries Ltds eastern offshore KG-D6 gas to customers, according to a statement issued by RIL.

Business

Not involved in any cash payment arrangement to Venezuela's PDVSA for...

PDVSA is only the original physical supplier, as the crude oil originates in its export facilities

20 April 2019 9:24 AM GMT

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.

Business

Supreme Court halts ArcelorMittal payment to buy Essar Steel: report

India's bankruptcy court had approved ArcelorMittal's USD 6 billion bid for debt-ridden Essar on March 8.

12 April 2019 11:03 AM GMT

The state consumer commission had held Jet Airways responsible for causing losses to a passenger.

Business

Jet Airways delays March salary payment to employees, engineers meet...

Jet Airways delayed March payment to its all 16,000 employees for the third time since September last year.

4 April 2019 3:30 AM GMT

Shares of DHFL were up 4.5 per cent at 128.80 rupees.

Business

DHFL makes Rs 962 crore payment towards NCDs, to seek ratings upgrade

The company has made interest payments in lieu of Rs 961.95 crores as committed to its debenture holders.

12 Jun 2019 3:28 AM GMT

Thomas Cook India Group. (Photo: Twitter)

Business

Thomas Cook customers may face two-month delay for refunds: report

A total of 100,000 bookings made by direct debit would be refunded within the next 14 days.

30 Sep 2019 9:05 AM GMT

Retailers such as discounters Aldi and Lidl, supermarket chain Kaufland, drugstores Rossmann and DM, department store chain Kaufhof, clothing retailers H&M, Esprit, C&A and Zara as well as consumer electronics chain MediaMarkt will accept payment with the app, which allows customers to pay contactless by holding their smartphone in front of a payment terminal.

Technology

Apple launches payments service in Germany following delay

Apple has already launched its payment services in 20 other countries.

12 Dec 2018 10:18 AM GMT

ONGC on Thursday reported a 8.2 per cent drop in its June quarter net profit after sharp reduction in natural gas rates.

Business

ONGC gets USD 32 million payment from Venezuela's PDVSA

PDVSA paid about USD 90 million of that but has not paid the rest.

5 Dec 2018 5:56 AM GMT

Delayed payments, whiÂ¬ch were as high as Rs 2.38 lakh cr in FY16 had declined significantly to Rs 67,956 cr in FY18.

Business

Delayed payments under MNREGA decline to 6-year low

Delayed payments, whiÂ¬ch were as high as Rs 2.38 lakh cr in FY16 had declined significantly to Rs 67,956 cr in FY18.

15 May 2018 2:57 AM GMT

Reliance Infrastructures (Rinfra) subsidiary DAMEPL on Friday moved the Delhi High Court seeking attachment of DMRCs bank accounts for not depositing 75 per cent of the over Rs 5,164 crore arbitral award, including interest, within the time given by the court.

Business

RInfra defaults on Rs 133 cr NCD redemption payment

Shares of RInfra were trading 1.46 per cent lower at Rs 413.75 apiece on BSE.

23 Aug 2018 7:29 AM GMT

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

Business

Airlines bleed as big chunk of payments made in dollars

Rupee woes spread across sectors; govt-RBI in combat mode.

11 Sep 2018 3:04 AM GMT

Visiting Venezuelan Foreign Minister Jorge Arreaza said in New Delhi on Monday that Venezuela wants trade with India in oil and other commodities such as food and medicines to be conducted in Indian Rupees and not in US Dollars. (Representational image)

Business

India to pay in rupees for Iranian oil

India had planned to import about 25 million tonnes of crude oil from Iran in the current fiscal.

20 Sep 2018 12:59 PM GMT