The CEOs, sources said, also discussed the steps to raise domestic production of coal.
With an expanding domestic market, increasing cost and higher attrition rate, outsourcing action is shifting to tier-III and IV cities.
Experienced administrator Essar Gabriel has been named the new general secretary of the International Association of Athletics Federations (IAAF) replacing the retiring Pierre Weiss, the governing body said on Tuesday.
To be second Indian company after Essar to have a refinery abroad
The calculation excludes cross-holding of listed group cos in each other.
Vodafone Plc and its ex-shareholders have suffered due to the delay in an Initial Public Offer (IPO) of its Indian unit.
Analysts said even though the Indian economy is expected to slow down to 7.2 per cent in fiscal 2020, it is still the best bet for investment for foreign investors.
The government on Tuesday filed an affidavit in the Supreme Court, rejecting the allegation of interference of an 'influential minister' in the investigation of 2G spectrum case as "baseless", and said it was not trying to "influence" the probe against Essar Group. In the affidavit, the Centre said such allegations were being made to tarnish and discredit the government's image.
With average capacity utilisation now touching 76 per cent, Indian companies are going back to the drawing board to add capacity but the plans to build new factories and plants are still some months away.
They may up prices by Rs 750-1,700/tonne on rise in iron ore prices and higher railway freight rates
The last week of March saw a series of new refining capacity going on stream. HPCL-Mittal Energy, Essar Oil and Mangalore Refinery & Petrochemicals (MRPL) were able to announce completion of capacity additions a couple of days before the seven-year tax holiday in this regard came to an end, on March 31.
Investors must be prepared to believe that things will get better eventually, no matter how bad the current situation may look. If you don't possess this optimism, you will not possess the courage to invest and if you don't invest, you don't give yourself any chance to get wealthy, says Devangshu Datta.
But analysts advise against dumping, say these could recover if market conditions improve.
After a month of protest against commencement of trial, former Telecom Minister A Raja on Thursday opened his defence with the cross-examination of key Central Bureau of Investigation witness Aseervatham Achary, who was his former additional private secretary.
Those involved in the discussions say the guidelines for selection of bidders in insolvency cases need to be transparent, otherwise anyone who loses out could take legal recourse, leading to wastage of time and derailing the whole process.
The apex court would hear the matter on March 1 and the outcome would decide the forum and the course of trial.
Despite NMDC raising iron ore prices by 10%, major steel firms say they will follow suit if demand increases
UBS AG's head of operations (India), Manisha Girotra has resigned from the bank to pursue her own business venture. The lender has named Aashish Kamat as the new head of its India business.
DoT has stated in an internal note that the 3G roaming agreements between these three companies are tantamount to their becoming mobile virtual network operators, something not allowed under the current policy.
Historically, public sector units were conceived of under the assumption that they will control the 'commanding heights' of the Indian economy, which were necessary for rapid industrial growth but where private investment was unwilling to enter.
Gujarat and Karnataka are the "role models" of a competent and transparent government and a progressive leadership that can attract investors in the coming years, according to a leading US business forum representative.
More developers may withdraw their special economic zones projects, as they lose tax-free status with imposition of minimum alternate tax and further burden through direct tax code, Export Promotion Council for Export-oriented Units and and SEZs said.
In April 2013, CBI had first told the Court there were "some difficulties" in the probe after it went abroad.
Seeking exemption from personal appearance for Ruias, Rohatgi said he was appearing despite the fact that his clients, at present in UAE, have not been 'properly' served with the court summonses.
Mobile tariffs are currently under forbearance, which means these are determined by market forces.
The domestic deal-making activities were hit by weak corporate governance and a huge liquidity crunch in 2019, while the global deals were also hard to come by due to various factors including uncertainties caused by the US-China trade war, which left many investors in a wait-and-watch mode.
Firms to pay Rs 24,700 cr if spectrum formula is accepted.
A 36-year-old suspected woman Maoist, wanted by the Chhattisgarh police, was on Tuesday arrested from a south Delhi locality where she was allegedly hiding, police sources said. Soni Sori, a primary school teacher and an aunt of Lingaram Kodopi who was recently arrested for allegedly acting as a conduit between Maoists and Essar, was apprehended from Katwaria Sarai by a team of Delhi police. "We raided the premises on a tip-off provided by the Chhattisgarh police," said a cop
The Central Bureau of Investigation on Wednesday told the Supreme Court that it has got evidence against Dravida Munnetra Kazhagam MP Dayanidhi Maran in 2G spectrum scam and will file an FIR against him within a couple of days for various offences including showing "undue favour" shown to Aircel.
The telecom regulator had suggested imposition of a price on operators for holding spectrum beyond the contracted limit of 6.2MHz.
A vilification campaign against Rosneft has begun in right earnest, says M K Bhadrakumar.
It is expected to take a similar stand at the Mumbai and Delhi high courts, where Welspun Maxsteel, Ispat Industries and Essar Steel have challenged the petroleum ministry's decision to divert KG-D6s supply from steel and petrochemicals to power and fertiliser.
Steel manufacturers on Wednesday hit out at 'unilateral' decision of the Oil Ministry to curb natural gas supplies from Reliance Industries' KG-D6 fields to non-core users, saying only a ministerial panel was empowered to take such decision.
Nine million subscribers opt for mobile number portability in first three months of its launch.
The second largest telecom operator said auction would avoid possible legal disputes and pave the way for licence extensions.
Citing the May, 2010, Supreme Court ruling that upheld the government's right to frame gas utilisation policy, the ministry last week wrote to Reliance directing it to first supply natural gas from its KG-D6 fields to priority sectors like fertiliser and power, official sources said.
The government has cleared 19 foreign direct investment projects worth Rs 4,340 crore, including that of Tata Steel and Future Ventures.
A three-judge bench headed by Chief Justice S H Kapadia asked the company to file its representation before the IT department.
Aegis, the global outsourcing services arm of Essar Group, on Thursday announced its plans to enter the UK and European markets for the first time, creating 600 new jobs in Manchester.
Prayas Jain has been arrested for allegedly buying secret documents.
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