Government approves extension of mega power policy

The policy will lead to lower tariff, affordable power for distribution companies, avoid potential stressed assets worth Rs. 1.5 lakh crore, the statement said. Read more »

Few lenders delay Essar Oil’s $12.9 billion sale, India’s largest FDI deal

An Essar official said: "The parties are working towards obtaining requisite approvals to complete the transaction. We hope deal will be completed in a few weeks." Read more »

Japan sanctions Rs 8,600 crore for Mumbai trans-harbour link plan

The agreement was signed in New Delhi between Takema Sakamoto, chief representative of Jica's India office, and the Mumbai Metropolitan Region Development Authority (MMRDA) commissioner U P S Madan. Read more »

5 Tips to Choose a Customer Loyalty Program for Small Businesses

Jim Allen, a First Data executive, shares valuable tips for how to choose a loyalty program or gift card program for a small business. Read more »

India to cut Iranian oil purchases in row over gas field

We are cutting gradually, and we will cut more if there is no progress in the matter of the award of Farzad B gas field to our company, a source said. Read more »

National Housing Bank disburses Rs 421-crore subsidies

The bank will also accelerate the middle income group (MIG) programme, MD and CEO of NHB Sriram Kalyanaraman. Read more »

SBI gets Rs 1,400 crore loan from European Investment Bank

The 20 -year long-term EIB loan will support individual projects, projects in Tamil Nadu and Telangana are amongst those to be funded under this agreement. Read more »

A.M. Best Affirms Credit Ratings of PT Asuransi Jasa Indonesia (Persero)

SINGAPORE--(BUSINESS WIRE)--A.M. Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb+” of PT Asuransi Jasa Indonesia (Persero) (Jasindo) (Indonesia). The outlook of these... Read more »

Shriram Shankar Lal Music Festival: Going strong in its 70th year

The festival, in its 70th edition, began with a recital by the reigning queen of thumri, Girija Devi Read more »

Tata Steel sells Chinese subsidiary for Rs 36 crore

The unit posted a revenue of 2.26 million Euros and EBITDA loss of 1.15 million Euros; shares closed up 1 per cent at Rs. 482.25 apiece on Friday on BSE Read more »