Almost all petrol pumps across the country on Monday went on a day-long strike to press for hike in commission on sale of petrol and diesel even as handful of company-owned outlets tried to meet fuel needs of the people.
Sterling Infotech Group and Hutchison Essar Group have terminated the agreement, which contemplated acquisition of Sterling's Aircel and Aircel Cellular by Aircel Digilink India, a part of the Hutch Group.
Many top corporate groups hit hard, in penalties and sunk investments, beside loss of future revenue
Delhi Police Crime Branch raided the office of a petrochemical co.
Executives would analyse information and pass it to seniors.
Financials were the top losers after sharp gains in the previous session along with ITC
Petrol and diesel are among the 90-plus commodities that have been approved by the government for derivatives trading
This is being done keeping in mind the urgency of these transactions, and it would help the ongoing insolvency cases, including the 12 accounts referred by RBI to banks.
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Q1 results indicate more pain ahead, as slowdown has spread to more sectors, pricing power has come down and rising interest cost is eating into profits.
Bad loans continue to originate mainly from state-owned banks, where the top management's responsibility is not linked to career prospects nor has legal consequences, says Debashis Basu.
Hutchinson Max Telecom Pvt Ltd is planning to consolidate its various telecom operations in India under a single entity, including that of Hutchison Essar Telecom Ltd and Fascel Ltd, for which the company has filed an application with FIPB.
The total admitted claim of financial creditors of these 88 companies stood at Rs 1.3 trillion, of which they recovered Rs 65,635 crore.
Amid long-pending dispute between the UK-based telecom giant Vodafone and the tax authorities in India, Finance Minister's advisor Parthasarathi Shome on Wednesday said the government should not use retrospective amendment of tax laws to raise revenues.
Hutchinson Max Telecom Pvt Ltd on Thursday launched Mobile Hutch Shops in India, a customer service and information unit on wheels, which the company expects would supplement its existing retail and customer care centres in the country.
The Hinduja Group, Mukesh Ambani, Murugappa, and the Adani groups were the other gainers in the Modi regime, while Naveen Jindal and Sun Pharma groups saw the most erosion in their m-cap in the last five years, reports Krishna Kant.
Several high profile companies are burdened with losses, mounting debt and have a huge load of operational costs.
These together account for 40 per cent of bad loans of around Rs 4 trillion.
Telecom Regulatory Authority of India on Wednesday issued another directive to Bharti, Spice and Hutchison-Essar following blocking of calls originating from the basic telecom players offering limited mobile services.
The Finance Ministry is of the opinion that Vodafone might drag its tax dispute to court.
Following price hike of Rs 500 per tonne by Steel Authority of India Ltd, other private producers on Monday announced hike in prices of hot rolled coils by the same amount.
There were more than three losers against every gainer on BSE
The coming Union Budget might give relief to foreign portfolio investors from taxation on indirect transfers.
Indian steel companies on Friday exuded confidence that lifting of tariff on steel imports by US would create new markets but said there would not be any significant impact on the steel prices.
Huge oil and gas reserves have been discovered in four districts of Rajasthan, bordering Pakistan, the state government announced on Friday.
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