Rusal may be forced to divest most of its portfolio of overseas operations if they cannot restructure them to evade US sanctions and ensure a flow of raw materials.
The power ministry has categorised charging batteries of EVs as a service, a move which will help such stations operate without licence and encourage use of e-vehicles.
Ashok Leyland said it has bagged contract from MoD for supplying HMV 10x10 to carry Smerch Rockets, with initial order worth over Rs 100 crore.
The Tamil Nadu Polltion Control Board has rejected renewal of consent to operate the Sterlite Copper Smelter unit belonging to Vedanta Ltd, an official statement said.
Namaste Credit, a digital marketplace for SME loans, has raised USD 3.8 million (about Rs 24.70 crore) from Nexus Venture Partners.
Indian companies garnered Rs 84,357 crore through initial share sales in 2017-18, registering a nearly three-fold jump compared to the preceding fiscal, says a report.
Small and medium enterprises (SMEs) raised around Rs 2,155 crore through initial public offerings in 2017-18, more than two-fold jump from the previous fiscal.
Indian companies raised USD 785 million, up 14% year-on-year, through 39 IPOs in the first quarter this year, says a report.
Speedy Hire Plc said its expects full-year adjusted pretax profit to be ahead of expectations and it had reduced its hire fleet as part of a fleet optimisation plan.
Euro zone inflation may need more time to rise than anticipated as spare capacity is taking longer to exhaust but the ECB should not accept price growth below its target.
Steel Ministry To Announce Scrap Policy This Year
Draft Scrappage Policy Allows Benefits For Vehicles Older Than 20 Yrs
Steel Secy Arun Sharma Says Policy Will Be Out By December 2018
Scheme Will Come In Effect From April 2020
Telenor India Eyes Bankruptcy Filing, Merger Plan With Airtel May Take Hit
Legal Tussle Over Bank Guarantee Could Also Delay Govt Approval
Economic Times Reports
Lenders To Meet Today To Decide On Essar Steel
CoC May Give Time To Arcelor And Numetal To Rectify Bids
Business Standard Reports
IPO under SEBI scanner
SEBI has sought details of investment made by ICICI Prudential MF
Had to cut its IPO Size To Rs 3,520 Cr from original target of Rs 4,017 Cr
A large chunk was bought by ICICI MF
ICICI MF is ICICI Securities largest public shareholder with 3.82% stake
Board approves proposal for corporate restructuring
Move aimed at simplifying & clarifying structure & holdings
To focus on travel, forex, destination mgmt & portfolio investments
Restructuring will consolidate HR services into Quess Corp
Shareholders will receive 1,889 shares of Quess for every 10,000 Shares Held in Co