buy a stake in Reliance Infratel, a company belonging to Reliance Communications Ltd, in a complex deal, two people close to the ongoing negotiations said.
Jindal Steel and Power Ltd is set to start importing coal from its Mozambique mine, where production will begin this year, with plans to import about 500,000 tonnes of coking coal, Sushil Maroo, director and group chief financial officer.
Lenders to Suzlon Energy Ltd have approved the Indian wind turbine maker's corporate debt restructuring plan for $1.8 billion, the company said on Thursday.
U.S. retailer Wal-Mart Stores Inc is studying the conditions attached to India's decision to open its supermarket sector to foreign investors before finalizing a decision to invest, an Indian government statement said on Thursday.
The chairman of Tesco PLC met India's Trade Minister Anand Sharma, seeking clarifications on the country's decision to open its supermarket sector to foreign investors, the Indian government said in a statement on Thursday. TELECOMS
Reliance Communications is in talks with domestic lenders to raise 65 billion rupees, which it will have to repay over seven years, said a senior official from a public sector bank who did not want to be named.
India's Bombay High Court has asked the government to not take any coercive action against Idea Cellular Ltd until March 1 on a demand to pay surcharges on airwaves, the mobile phone operator said on Thursday.
Ashok Leyland Ltd said October-December net profit rose 10.82 percent to 741.4 million rupees from a year ago.
The aviation ministry may want to protect Air India Ltd's business prospects if Etihad Airways buys a stake in Jet Airways Ltd and they pursue an aggressive expansion programme, two government officials said.