The government will also decide in eight to ten days on how to extend the benefit to customers in Mumbai.
At present, Mumbai Metro One Private Ltd (MMOPL) is offering a promotional fare of Rs 10 for all the destinations till July 9.
Oil and Natural Gas Corporation, Hindalco Industries, Tata Steel and Vedanta were down up to 70 per cent below their one-year highs.
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Tata Power sets up camps to explain the benefits of switchover for low-end consumers from their current supplier.
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The commissioning of the 3-km Versova to Azad Nagar stretch of Mumbai Metro-I project will not be operational from September, as the Central Railway Safety Commissioner's approval is still awaited.
In what is in effect a deposit to be paid into court pending a full trial in the case, Judge David Waksman has set a six-week timeline for Anil to pay $100 million to three Chinese banks as he concluded that he did not accept Ambani's defence that his net worth was nearly zero or that his family would not step in to assist him when "push came to shove".
The restraint on part of investors was chiefly because of RBI's minutes of its December policy meeting, which showed that some members were concerned about rising oil prices, its inflationary impact and possibility of fiscal slippage.
More asset sales may be only way out, though most of the group companies' ratings have been downgraded and their combined market value is now a fraction of their combined debt.
The company wants to amend it's application against the part to make the case stronger.
Unlike last year, investors turn cautious on e-commerce sector.
Mumbai was excluded from the 20 per cent cut in power tariff charged to domestic consumers, industries and power looms by the state-run Maharashtra State Electricity Distribution Company (MahaVitaran), he lamented while addressing his supporters.
Despite the recent fall, the Nifty Midcap 100 index has outperformed by gaining 20 per cent till date in this year calendar year.
Despite the recent fall, the Nifty Midcap 100 index has outperformed by gaining 20 per cent till date in this year calendar year.
Companies with contrasting financial ratios enjoy similar credit ratings; agencies say they look at many other metrics.
The matter came up for hearing on Monday before a bench chaired by Justice R D Dhanuka.
Telecom major Reliance Communications plans to monetise its real estate assets as it looks to pare debt.
The Rs 63,000-cr Mumbai-Ahmedabad high-speed corridor and Rs 14,000-cr CSTM-Panvel suburban corridor are two of the largest projects.
Ratnagiri Gas & Power did some local development under its corporate social responsibility programme.
The company will now focus on value creation for shareholders in the defence and construction businesses.
S&P BSE Sensex settled at 31,170, up 60 points, while the broader Nifty50 closed at record high for third straight session. It ended at 9,624, up 19 points.
R-Infra in its argument had told the high court that it was losing upto Rs 85 lakh a day despite being used by nearly 250,000 commuters
The Sensex took less than two years to rally from the 10,000-mark it first hit in February 2006 to double that on that New Year's Eve.
Among the gainers, Sun Pharma topped by rising 3.03 per cent as the weak rupee tempted buyers to accumulate shares of pharma exporters.
MMOPL has already taken a decision to extend the fare slab of Rs 10 to Rs 40.
'While investors in Reliance have had to play a game of patience for long stretches, for Anil the challenge is to do what used to be his brother's forte -- generating cash by putting assets in the ground and making things,' says T N Ninan.
The defence sector is seeing renewed interest by Indian corporates, says Jyoti Mukul
The defence ministry has lost sight of what it intended to achieve -- which was to nurture private defence firms that would compete on equal terms with the 9 defence PSUs and the 41 Ordnance Factory Board factories.
This is despite a 10 per cent rise in the average weekday ridership.
Beyond announcements and optics, key projects have hardly moved under the Yogi government, reports Virendra Singh Rawat.
In a first, a public transport facility is beating its own drum.
The economic slowdown has made it difficult for companies to record financial closure of a few awarded projects.
Mumbai Monorail was to be built in two phases - Phase I of 8.93 km and Phase II of 11.20 km. The first phase ran operations for around three years before services were abruptly halted, owing to a fire incident last year. The second phase now stands completed, but is lying closed.
Submits revised proposal to CCI as Birla Corp deal fails
As debt piles up, Anil Ambani's ability to see the asset sale plan through will be crucial
As infrastructure, power hardly deal in cash, its paucity has failed to affect their receivables
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Railway Board Chairman Arunendra Kumar said the discussions at the day-long meet involved an overview of five models of participative policy, framework of engineering, procurement and construction contracts and sectoral guidelines for foreign and domestic investment.
Of the 23 Indian billionaires mentioned in the Bloomberg Billionaires Index, only one saw a reduction in net worth, with the companies owned by most of them outperforming the Nifty 50 index by a big margin.
Since January 2011, a third of firms making such offers failed to meet new floor; current penalties would have been hefty.
The rise in commuters was also despite the state-run Mumbai Metropolitan Region Development Authority filing a petition against MMOPL on fare fixation.
