L&T moves SC against Malaysian firm, ONGC

Construction major Larsen and Toubro (L&T) has moved the Supreme Court challenging the Delhi High Court's order that directed ONGC to consider Malaysia-based Ramunia Fabricators Sdn Bhds' bid for development of a oil field in Mumbai offshore.

Rel Infrastructure buys back shares worth Rs 343.12 cr

Rel Infrastructure said it has bought back shares worth Rs 343.12 crore since the start of buyback offer.

High steel, cement prices to stop highway work

Construction of National Highway Development Project could come to a halt in three months, say builders.

Tata, ArcelorMittal in race to buy Krakatau

Tata is likely to join the race to acquire P T Krakatau alongwith ArcelorMittal and BlueScope.

SAIL to fight for its legitimate rights on Chiria: Roongta

Saying that Chiria mines is imperative for meeting steel behemoth SAIL's capacity expansion, a Parliamentary Committee has asked the government to intensify efforts to secure it for SAIL, even as the PSU vowed to fight for its rights on the said mines.

Railways reduce freight rate on iron ore by 5.8%

Terming it as a price controlling measure and a step to help the steel industry, railways has reduced freight charge on iron ore transportation by 5.8 per cent.

Revenue loss may lead to reversal of SEZ policy: Study

The much-touted special economic zones policy runs the risk of being reversed, in terms of attractive tax exemptions it offers, with the Government’s finances coming under stress, a study has said.

Omaxe consortium to bid for Rs 400 bn project

A consortium, which includes realty firm Omaxe Ltd and GVK Power & Infrastructure Ltd, will bid for the Ganga expressway project of UP govt.

Royal Orchid subsi acquires hotel for Rs 82 cr

Icon Hospitality, a subsidiary of Bangalore-headquartered Royal Orchid Hotels, said it has acquired Hotel Royal Orchid Central for a consideration of Rs 82 crore.

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