Business
Fortis Forms Expert Panel for Takeover, to Evaluate Only Binding Offers
The troubled healthcare chain had received binding offers from Manipal/TPG consortium, and Munjal and Burman family offices.
Rupee Sheds 15 Paise Against US Dollar
On Wednesday, the rupee had slipped by 2 paise to settle at a seven-month low of 65.66 against the US currency due to sustained dollar demand.
Wind Power Capacity Addition to Improve to 3 GW This Fiscal: ICRA
The wind energy sector witnessed a capacity addition of only 1.7 GW in FY2018, which is a significant drop from the 5.5 GW capacity added in FY2017.
World Bank Says India Has Recovered from Note Ban and GST Effects, Pegs Growth at 7.3%
In its report, the World Bank said, India should strive to accelerate investments and exports to take advantage of the recovery in global growth.
Prolonged Closure of Tuticorin Smelter Plant Credit Negative for Vedanta: Moody's
Last week, UK-based Vedanta Resources plc announced that the Tamil Nadu Pollution Control Board had rejected the company's application to renew its right to operate the copper smelting facility at Tuticorin.
US-China Trade Spat Just Posturing, India Won’t Take Sides: NITI Aayog VC
Remarks by NITI Aayog vice-chairman Rajiv Kumar came as he held the fifth Strategic Economic Dialogue (SED) with his Chinese counterpart He Lifeng, the chairman of China's top planning body the National Development and Reform Commission (NDRC), in Beijing...
Oil Minister Dharmendra Pradhan Says no Directive From Govt to Defer Price Hike
This time around IOC, Hindustan Petroleum Corp Ltd (HPCL) and Bharat Petroleum Corp Ltd (BPCL) have reportedly been asked to absorb up to Re 1 a litre hike.
India, Saudi Aramco to Partner on Rs 2.8 Lakh Crore Refinery-petrochemical Project
Top executives of Aramco and India's Ratnagiri Refinery & Petrochemicals - a joint venture of Indian Oil Corp, Hindustan Petroleum Corp and Bharat Petroleum Corp - signed a memorandum of understanding to take equal stakes in the project in Maharashtra.
Air India Unions Claim Potential Bidders ‘Arm Twisting’ Government to Sell Airline for Cheap
The forum had held a protest meeting also at the national carrier's Kalina officer here on Tuesday against the government's privatisation move.
Saudi Aramco to Buy 50% Stake in $44 Billion Oil Refinery in Maharashtra
Saudi Oil Minister, Khalid A. Al-Falih, said India is a priority destination for Saudi investment and Aramco will continue to scout for opportunities beyond the west coast refinery.
Manipal Hospitals Raises Bid for Fortis Hospital Business
The new offer values Fortis' hospital business about 21 percent higher at 60.61 billion rupees ($933.3 million), or 116 rupees per share, Manipal Hospitals said in a statement late on Tuesday.
FinMin Mulls Making GSTN 100% State-run Entity; GST Council to Take Final Call
Goods and Services Tax (GST), which subsumed over a dozen local taxes, was rolled out on July 1, 2017. Over one crore businesses are registered on the GSTN portal.
Shikha Sharma's Tenure Curtailed, to Step Down as Axis Bank Chief on December 31
The Axis Bank board has accepted her request for a shorter seven-month term (from June 1 to December 31, 2018), subject to the approval of the Reserve Bank of India (RBI), the bank said in a regulatory filing.
As Govt Scouts for Potential Buyers, Air India Looks to Renew Flying Permit
As per the DGCA, Air India's flying permit is valid till June this year, while Air India Express SOP was to expire on 21st of this month.
I&B Ministry Asks BARC to Stop Using ‘Landing Channel’ as Tool to Measure TV Ratings
Some TV networks were placing their channels on the landing page to get an undue advantage over the competition by paying the cable operators or DTH operators for such display.
IndiGo Says No to Acquiring Air India Under Current Sale Terms
"From day one, IndiGo has expressed its interest primarily in the acquisition of Air India's international operation and Air India Express. However, that option is not available under the government's current disinvestment plan for Air India.