Monnet Ispat, currently undergoing insolvency proceedings under the Insolvency and Bankruptcy Code (IBC), has received a sole bidding from the JSW group, but lenders have put it under the scanner to check if there is a family connection between promoters of both companies.
FE Online spoke to Bhaskar Majumdar, founder and managing partner of Unicorn India Ventures, an early stage equity and debt fund, to understand what investors look for in a startup and its founders, and what convinces them to open up their cheque books
With negotiations stuck over pricing of natural gas, ONGC Videsh Ltd has offered to invest USD 6.2 billion in development of Iran’s giant Farzad-B gas field in the Persian Gulf while leaving the marketing of gas to Tehran.
Tata Steel’s improved financial performance along with equity inflow from a planned rights issue may help strengthen its balance sheet even as it aims to expand capacity in India, says Fitch Ratings.
Power equipment maker BHEL has bagged an order worth Rs 560 crore for supply and installation of the flue gas desulphurisation (FGD) system from NTPC for 2×490 MW National Capital Power Station (NCPS) at Dadri in Uttar Pradesh.
The board of Bharti Airtel’s Netherlands based unit, BAIN BV, which controls Africa operations, has approved listing of its shares on a global stock exchange.
The finance ministry today sought to allay worries over the Rs 11,300-crore fraud case at Punjab National Bank, saying the case not “out-of-control” and it is taking action in this respect.
The Indian central bank is shutting down its halfway houses for debt addicts. In the process, it’s also throwing out an infuriating alphabet soup: CDR, SDR, S4A and their ilk.
One of India’s leading telecom operator, BSNL has announced a new prepaid plan dubbed ‘Maximum’ on the occasion of Maha Shivaratri. Under this new prepaid plan which is priced at Rs 999, BSNL offers 1GB data per day and unlimited calling for six months.
Indian online shopping site Paytm Mall is opening a New Delhi store, taking a page out of backer Alibaba’s playbook in exploring ways to use physical retail to boost its online business.
Billionaire Kumar Mangalam Birla and an investor group led by Dalmia Bharat Ltd. are emerging as the lead bidders for India’s Binani Cement Ltd., which is being sold under the country’s insolvency process, people with knowledge of the matter said.
Fall in wind power tariffs seem to be have bottomed out as the price inched up to Rs 2.44 per unit in the latest auction for 2000 MW capacities.
After lobbying in vain for his silly and controversial idea of a basic internet for people too poor to pay for data, Mark Zuckerberg is finally doing something useful in India.
Realty major DLF’s net debt has come down substantially to Rs 5,513 crore at the end of October-December quarter on fund infusion by promoters as it targets to become a zero-debt company by the end of next fiscal.
Despite the government’s continuous push to help domestic smartphone manufacturers, China-based vendors are thriving and their collective market share has reached a massive 53 per cent in 2017 from 34 percent a year ago, International Data Corporation (IDC) has said.
When it comes to digital transformation, sectors like the Banking, Financial Services and Insurance (BFSI), and telecom, will become the growth engines for India and IBM is ready to meet the technology requirements, a top company executive has said.
Cab hailing company Ola today said it has started offering its services in Perth, Australia, “on a limited basis”. The SoftBank-backed company last month had announced its plans to make a foray into the Australian market.
The search engine giant, Google on Wednesday, launched its own ‘stories’ format in order to compete against social media platforms like Snapchat and Instagram. With this new feature, Google will offer image-driven news articles aimed at mobile phone and tablet users.
LIVE: Xiaomi on Wednesday launched its two new smartphone- Redmi Note 5 and Note 5 Pro. Redmi Note 5 has been launched in two variants priced at Rs 9,999 and Rs 11,999 respectively. For Redmi Note 5 Pro the smartphone is also launched in two variants, 4GB and 6GB both with 64 GB storage. Redmi Note 5 Pro is priced at Rs 13,999 and Rs 16,999 respectively.
Air routes in India: India’s domestic air passenger traffic has been growing exponentially and while the top air routes, in terms of the number of seats deployed, have by and large remained the same, some air routes connecting tier 2 cities have made significant gains in the past few years.
Japan’s Toshiba Corp said on Wednesday it is appointing Nobuaki Kurumatani, a former executive of Sumitomo Mitsui Financial Group, as its chairman and chief executive.
RBI gives several options to deal with defaulting companies, shortens timelines, clarifies process.
The Indian Institute of Management at Ahmedabad is finally on its way to making its global debut, having inked an agreement with UAE-based BRS Ventures to establish its maiden overseas extension centre in Dubai.
Move meant to overcome fuel shortage at thermal plants; will also save on freight costs.
Provisions made by a clutch of 17 public-sector banks in the quarter ended December 2017 almost doubled over the same quarter in the previous year to Rs 60,742 crore.
Wheat acreage has fallen by 4.3% in the ongoing rabi season, as many farmers in Madhya Pradesh shifted to chana, eyeing higher returns.
The Delhi High Court on Tuesday restrained Srei Infrastructure from transferring its controlling stake in Odisha Slurry Pipeline to Numetal Mauritius until April 5, the next date of hearing.