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Essar Steel: Ruias may go to court on offer by ArcelorMittal

The Ruias, who have offered to pay `54,389 crore to clear their dues to the lenders of Essar Steel, are likely to challenge the resolution plan submitted by ArcelorMittal, persons close to the Ruias c

Rupee rescue: India and Japan sign record $75-billion currency swap deal

India and Japan on Monday signed a pact to raise the scope of a bilateral currency swap arrangement to a record $75 billion, aimed at bringing in greater stability in the foreign exchange and capital

Festive season: Bad news for car & bike industry! Lower than expected sales this year

Demand is all but fizzling out say dealers; sales during the Navratri period have been down by 10-20%.

New MSME package: Banks to clear 90% of CPSEs’ dues on receipt of purchase

The plan would be implemented in a decentralised manner, so the decisions could be taken by even the middle-level bank management.

Modi’s farm irrigation scheme: Are big funds serving the purpose? Data tells a sad story

When Prime Minister Narendra Modi launched PMKSY in July 2015 and set the target to complete the 99 projects by December 2019, the total cost was estimated at Rs 77,595 crore, including Rs 29,000 cror

Earnings season: India Inc reels under input costs, margins pressured

Companies have found it difficult to push through volumes and very few have been able to take price hikes to pass on the increase in raw material costs.

Mutual funds: Not mutually beneficial

Close to 65% of a total 380 mutual fund equity schemes have posted negative returns in the last one year. A number of the worst-performing funds are infra sector funds.

Distant Dream: Home buyers stay away despite new launches, hefty discounts

Builders are keeping their fingers crossed since 2018 is the first year after two years of disruptions — demonetisation and RERA and GST.

Arun Jaitley’s big message to defaulters: ‘IBC instilling fear’

Analysts said the Insolvency and Bankruptcy Code has performed much better than the earlier system where the recovery process was strenuous and yielded too little.

Indian Railways trains to run at 160 kmph on the Golden Quadrilateral? Don’t get your hopes high just yet!

While the transporter prepared a plan and the Union budget of 2017 sanctioned around Rs 17,000 crore for two corridors of the quadrilateral — Delhi-Mumbai and Delhi-Howrah — the actual work will o

NTPC changes tactics; PPA no longer priority project acquisition in NCLT

As many as 34 power assets with a capacity of 40,130 MW are seen to be heading to the National Company law Tribunal (NCLT), owing to the RBI’s February 12 circular which had compelled banks to resor

FMCG brands banking big on Mobile as advertisement medium

Players in category realising that mobile marketing doesn’t just boost brand recall, but impacts sales too.

GOI’s T20 vs RBI’s test match: Viral Acharya takes on government for trying to get RBI to relax PCA

Viral Acharya takes on govt for trying to get RBI to relax PCA, getting RBI to give up more of its surplus and to appoint a separate payments regulator

Steps soon to ease liquidity crunch: Rajiv Kumar, Financial Services Secretary

Financial services secretary Rajiv Kumar said on Friday that some steps are being planned to ease the liquidity crunch being faced by non-banking finance companies (NBFCs), adding that the government

IL&FS crisis: Only initial revival plan next week, board seeks more time for revival road map

The new board of Infrastructure Leasing & Financial Services (IL&FS) will submit only a preliminary revival plan for the debt-laden company next week.

Essar Steel: Lenders approve ArcelorMittal bid

A day after the promoters of Essar Steel — the Ruias — in their last-ditch attempt to retain the company, offered to pay lenders Rs 54,389 crore after the committee of creditors (CoC) had voted on

Infra Funding: NIIF yet to move into the fast lane even after 3 years of its establishment

Around three years after its establishment, the National Investment and Infrastructure Fund (NIIF)— India’s ambitious quasi-sovereign wealth fund — is yet to develop an impressive portfolio of i

Kharif crop 2018: Mandi prices of most crops below MSPs, gap up to 43%

A month into the harvesting season, prices of 12 among the 14 kharif crops are ruling below their minimum support prices (MSPs), indicating that procurement by the designated agencies hasn’t yet gat

Maharashtra begins kharif procurement

Procurement of moong (green gram) and urad (black gram) has commenced in some pockets of Maharashtra, as the state is busy rolling out the price-deficiency support scheme PM-AASHA, under which support

Ruias make last-ditch attempt to keep Essar Steel with Rs 54,389 crore bid

The Ruias on Thursday offered to pay lenders Rs 54,389 crore to retain Essar Steel hours after the committee of creditors (CoC) voted on the bid by Arcelor Mittal.

Slow tax growth: Centre’s H1 fiscal deficit at 95.3% of annual target

Slower-than-projected growth in revenue, especially tax and disinvestment receipts, resulted in the Centre’s fiscal deficit in the first six months of this fiscal to be about Rs 5.95 lakh crore, or

Slow drive: Maruti net falls 10% in Q2 on commodity costs, weaker Rupee

Maruti Suzuki India (MSIL) on Thursday reported a near 10% year-on-year decline in net profit to Rs 2,240 crore for the quarter ended September, mainly due to a flat top line, higher commodity costs a

PMO reviews IL&FS debt crisis; board to submit revival plan to NCLT by October 31

The government-appointed board of Infrastructure Leasing & Financial Services (IL&FS) will submit a revival plan with the National Company Law Tribunal (NCLT) on October 31.

Tata Sons may get GST bill of Rs 1,600 crore, taxman reckons $1.2 billion payment to Docomo is ‘supply of services’

In a potentially controversial move that could extend the indirect tax department’s ambit to capital transactions and pit it against the income-tax wing, the former could soon ask the Tata Group to

Airtel Africa to raise $1.25 billion from SoftBank, five others

Bharti Airtel’s UK subsidiary Airtel Africa on Wednesday announced that a group of six global investors led by Warburg Pincus, Temasek, Singtel and SoftBank Group International will invest $1.25 bil

CBI crisis: Govt sends director, special director on leave, new chief named

Moving under the cover of darkness early on Wednesday to ostensibly end the war between the two top officers of the CBI, the government stripped CBI director Alok Verma and special director Rakesh Ast

Mayday! Air India’s market share crashes to lowest ever

Air India's market share plunged to an all-time low of 11.8% in September even as the government-owned carrier grapples with a financial crunch, reports Arun Nayal in New Delhi.

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