Financial Express - India's leading business newspaper from the Indian Express Group

Electric de France pulls out of Bhadravati

French power major Electric de France (EDF) has decided to pull out of the $1.4-billion fast-track Bhadravati power project promoted by the Mittals of the Ispat group.

Branson flies high, eyes stake in Air India

Virgin Atlantic Airways chairman Richard Branson, who arrived in Delhi on Thursday amidst great fanfare with the airline's maiden London-Delhi flight, has hinted at a price war with arch rival British Airways.

Direct tax mopup jumps 67% in Q1

Direct tax collections in the first quarter (April-June) of the current financial year has recorded a spectacular rise of 66.73% over the same period last year.

Lender consortium defers interest payment from Arvind Mills

A consortium of lenders to Arvind Mills has agreed to reschedule quarterly interest payments up to January 2001. This follows a meeting attended by representatives of the State Bank of Saurashtra, SBI and Bank of Baroda.

Prasar Bharti acting CEO likely to get six-month extension

Prasar Bharati acting chief executive officer RR Shah is likely to get another extension for six months. The Ministry of Information and Broadcasting has recommended his continuation in the post of acting CEO of Prasar Bharati to the Appointments Committee of the Cabinet.