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Rupee trade: Two Russian banks get RBI nod for special vostro account

The Reserve Bank of India (RBI) has given its approval to two Russian banks for opening special vostro account for rupee trade. Illustration: Dominic Xavier/Rediff.com Sberbank, JSC VTB —......

What makes Essar steel sector's comeback kid

Apart from being the most successful cases under the IBC, Bhushan Steel and Essar Steel are among the best steel assets in the country. Photograph: Vivek Prakash/Reuters They also ended up......

Punit Goenka to continue as Zee MD as lenders prepare for share sale

Goenka, who is the elder son of Essel group promoter and Zee chairman Subhash Chandra, has been MD of the media firm since January 1, 2010. Zee Entertainment’s (Zee’s) managing director......

Essar Steel bid: Trouble brews for ArcelorMittal

Seeking ArcelorMittal be declared ineligible to bid for Essar Steel, the petition cited Section 29A of the Insolvency and Bankruptcy Code which bars promoters of defaulting companies from bidding......

Ruias' bid to re-take Essar Steel hits NCLT wall

The Essar group hinted at challenging the verdict, citing last week's Supreme Court order that upheld the August 2018 amendment to the IBC law. The National Company Law Tribunal (NCLT) on Tuesday......

Formula One cancels 2022 Russian Grand Prix

IMAGE: The race was scheduled for Sept. 25 at Sochi's Olympic park. Photograph: Yuri Kochetkov/Reuters Formula One on Friday said it will not race in Russia this season, saying it was......

World Athletics: Luka qualifies for 800m semis

India's Tintu Luka made it to the women's 800m semi-finals but shot putter Om Prakash Karhana was eliminated in the qualifying round of the World Athletics Championships. Luka clocked 2:01.89 to......

Luka sets new national 800m record

Rising Indian middle distance runner Tintu Luka shattered the 15-year-old women's 800m national record as she clocked 1:59.17 to finish a creditable fifth in the VTB Bank Continental Cup in Split,......

Kenyan CWG athletics team to include World champs

In ahuge boost to the upcoming Delhi Commonwealth Games, middle distance running powerhouse Kenya are sending a strong athletics team which will be led by men's 800m world record holder David......

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