industry

After years of trying to get a foothold in India through a greenfield project and almost getting it via a brownfield acquisition, ArcelorMittal on Tuesday castigated corporate rivals for trying to sabotage its takeover bid of Essar Steel under IBC

RBI to purchase up to 100 bln rupees worth of 5 gilts via OMO on Thursday Jan 22 2019

The Reserve Bank of India today said it would buy up to 100 bln rupees worth of five government bonds through open market operations on Thursday.

Jaypee Infratech bankruptcy: Lenders may extend deadline to submit revival plan by 15 days Jan 22 2019

Lenders and home buyers of Jaypee Infratech may extend by around 15 days the January 27 deadline to submit proposals to revive the debt-ridden firm as shortlisted bidders have sought more time, sources said.

Asian Paints Q3 net profit rises 14% to Rs 647 cr Jan 22 2019

Asian Paints Tuesday reported 14.09 per cent increase in its consolidated net profit to Rs 647.15 crore for the third quarter ended December 31, 2018.

Sebi fines 2 entities Rs 18 lakh for fraudulent trades Jan 22 2019

Markets regulator Sebi Tuesday imposed a total fine of Rs 18 lakh on two entities for executing reversal trades, leading to creation of artificial volume in illiquid stock options at BSE.

Shree Cement Q3 down 9.6 pc to Rs 301 cr Jan 22 2019

Shree Cement on Tuesday reported a decline of 9.61 per cent in its standalone net profit to Rs 301.29 crore for the third quarter ended December 2018.

Havells India Q3 net flat at Rs 195.67 cr Jan 22 2019

Electrical goods maker Havells India Tuesday reported a 0.67 per cent rise in standalone net profit at Rs 195.67 crore for the quarter ended December 2018.

HDFC Life Q3 profit rises 18 pc to Rs 246 cr Jan 22 2019

HDFC Life on Tuesday reported 18.3 per cent growth in profit at Rs 245.63 crore for the third quarter ended December 31. The private sector insurer's profit stood at Rs 207.32 crore in the same quarter of 2017, HDFC Life said in a statement.

MP farmers hopeful of being 'debt-free' as loan waiver scheme kicks-off Jan 22 2019

A week after the launch of the loan waiver scheme in Madhya Pradesh, the Congress govt claims 19.54 lakh farmers have filed their applications. Opposition BJP has been calling the "Jai Kisan Rin Mukti Yojana" a trick to cheat the farmers.