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Essar Steel: It’s ArcelorMittal vs Vedanta now

With NuMetal’s bid almost ruled out by the Supreme Court, the battle for Essar Steel will now be fought between ArcelorMittal and Vedanta provided they clear all dues to lenders.

Rising oil prices, stronger dollar take rupee to new lows

With oil prices rising to levels of $86 per barrel and the dollar strengthening, the rupee drifted down new lows on Thursday of 73.58 to the dollar.

IL&FS: New board to evaluate all options for fair resolution

Highlighting the gigantic task at hand, the new board after its first meeting revealed that IL&FS has a complex maze of 348 entities, more than double of what was assumed earlier.

Broken promises: Cotton prices fall 8-13% below MSP, other crops by even more

While prices of bajra are Rs 1,250-1,350 per quintal — the MSP is Rs 1,950 — prices of cotton have also fallen 8-13% below the MSP already.

Rupee crashes below 73, yields soar, Sensex tanks – Importers rush to cover

The currency markets were spooked by rising crude oil prices, hovering around $85 per barrel that could exacerbate the twin deficits problem.

New IL&FS board to meet today

Any cash flow through expeditious resolution of these cases could help IL&FS meet some of its short or medium-term obligations, said the official.

Rs 16,000-crore claims: Stuck projects – ITNL claims exaggerated, say analysts

IL&FS Transportation Networks (ITNL) seems to have exaggerated the amounts it expects to receive from claims filed for its stuck road projects.

Cabinet nod: MSP for rabi crops raised by 2-21%

The Cabinet Committee on Economic Affairs on Wednesday increased the minimum support prices (MSP) for rabi crops in the range of 2-21% for 2018-19 from last year’s level.

Reappointment as MD: Apollo board to seek neutral view on Kanwar compensation

Forced by minority shareholders to reconsider the re-appointment of Neeraj Kanwar as managing director, Apollo Tyres said on Wednesday the board would back the re-appointment while seeking an independ

Data-hungry Indian now consumes 1 GB data daily, loves WhatsApp. Find out more from this Neilson survey

From being voice-hungry, Indian mobile phone users have now turned data-hungry cutting across income and age profiles.

War on loan defaulters: Government to double NCLT members to speed up case disposal

The workload on NCLT shot up with the increased flow of cases since May last year, when the government authorised the Reserve Bank of India to direct banks to resolve specific cases of bad loans.

IL&FS risk: Leverage rose to 13, but risk panel met just once in 4 years

In a serious dereliction of duty, the risk management committee of the now bankrupt IL&FS met just once between 2015 and 2018, in July 2015, the petition filed by the ministry of corporate affairs in

Road to resolution: Government supersedes IL&FS board

With the risk of contagion from the collapse of IL&FS threatening to derail the money markets, the government on Monday moved to supersede the board of the infrastructure financier.

RBI’s big Rs 36,000 crore push resulted in a bond rally. Here’s what the central bank is doing

Bonds rallied on Monday after the Reserve Bank of India (RBI) on Monday promised to infuse liquidity to the tune of Rs 36,000 crore in October through open market operations (OMOs).

GST worries: Rs 1 lakh cr collection shortfall for the year? Or, will other sources rescue finances

GST collections rose marginally to Rs 94,442 crore in September, but with average collections in the first six months of the year at around Rs 96,283 crore compared to the Rs 1,12,316-crore budgeted f

Election year gift for farmers? Wheat MSPs already 112% of defined cost could be hiked further

The minimum support price (MSP) for wheat was 112% over its A2+FL costs in 2017-18, but with elections around the corner, the government plans to raise it by another 6%.

Management Watch: Big investors get assertive, vote more

While traditionally mutual funds, insurers and pension players have tended to vote with their feet, in other words simply selling the stock, they are now voting on resolutions.

Forget fare hike! Airfares have actually gone down on metro routes; here’s why

While air passenger traffic has grown smartly over the past year, airlines have not been able to raise fares. That’s because they have added too much capacity; analysts say the sweet deals on aircra

No takers for solar power? Power minister warns that states are not buying even at lowest rates!

Since “states are not very keen on purchasing” solar power even at the lowest price discovered of Rs 2.44 per unit (wind tariff are higher at Rs 2.76 per unit under latest auction), the country’

Has Reliance Jio beaten Vodafone, Idea in subscriber base? Not on this one parameter

Reliance Jio may have displaced Vodafone and Idea to emerge as the second largest telecom operator in terms of subscribers at the end of July, but going by the number of active subscribers - or the vi

Here’s what will drive upcoming Big Billion Days & Great India sales

With the total number of shoppers this festive season tipped to jump to 20 million from 14 million last year, e-retailers are readying for bigger festive season.

IL&FS defaults again; LIC, SBI may hike stake

Company defaults on payment of `243 cr; hires global firm Alvarez & Marsal.

US-China trade war: Beijing to resume Oil meal imports from New Delhi after 5 years

China to import 5 lakh tonne of rapeseed meal, may resume soy meal imports too.

With 50-100% growth rate, Teen Patti, Rumy, Poker are kings of online gaming in India

Online card games estimated to grow 50-100% y-o-y in terms of revenue; online gaming industry to touch Rs 11,880 crore by 2023 in the country.

Eye on bond markets: Centre to borrow Rs 70,000 crore less in H2

To raise up to Rs 50,000 crore extra from NSSF and cut buybacks massively.

Road to resolution: LIC to open to subscribing to planned IL&FS rights issue

Beleagured infra financier IL&FS’ biggest shareholder, Life Insurance Corporation (LIC) on Friday said it is open to increasing its 25.3% stake in IL&FS by subscribing to the planned Rs 4,500-crore

Non-compliance: Bandhan Bank barred from opening new branches

RBI has asked Bandhan Bank to stop opening new branches while also freezing chief executive officer Chandra Shekhar Ghosh’s salary.

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