NMDC invests Rs 1,222 crore to set up Nagarnar steel plant

NMDC has carried out pioneering exploration activity for developing iron ore mines in Karnataka in various regions like Kudremukh, Donimalai, Bababudan, Kumaraswamy and Ramandurg. Read more »

New Ports Bill may end supremacy of privately-run ports: Report

"The recent Cabinet approval to the Major Port Authorities Bill is a big step towards providing a more level-playing field to state-run major ports," says a report by Kotak Institutional Equities. Read more »

Fresh merger structure to IRDA by Max Life-HDFC Life

IRDA expressed concerns about the deal structure since the last stage of the merger was between a holding company and a life insurance company. Read more »

Banks to again auction Kingfisher House,Villa at lower prices this week

The reserve price for over 17,000 sqft Kingfisher House near the airport will be auctioned on Monday at Rs 115cr, which is 15% lower than the failed second auction held in August. Read more »

Embarrassed, upset over handful of employees: Shikha Sharma

The Income Tax Department had last week conducted a raid at an Axis Bank branch in Noida and unearthed Rs 60 crore from the accounts of 20 shell companies. Read more »

Unitech sales bookings up 29% to Rs 678 crore in Apr-Sep

The Gurgaon-based developer had sold properties worth Rs 524 crore in the April-September period of last fiscal, according to a company presentation. Read more »

CCI clears Abbott-St Jude deal subject to ‘voluntary remedies’

In a tweet, Competition Commission of India (CCI) said it has approved the "proposed combination between St Jude Medical and Abbott Laboratories; subject to voluntary remedies". Read more »

Over Rs 9000 crore deposited in district co-op banks in 5 days post demonetisation

Deposits of over Rs 9,000 crore were made in select district central cooperative banks across 17 states between November 10 and 15. Read more »

Coal imports may remain weak in Dec on notes ban, firm prices

Import of coal (all types) in November 2016 stood at 14.11 MT (provisional) against 16.87 MT in November 2015, said mjunction services, an online procurement and sales platform floated jointly by SAIL... Read more »

Disney’s Rogue One reaps $29 mn in year’s top preview

The feature, a prequel to the original 1977 Star Wars, collected an estimated $29 million in theatres in the US and Canada in previews Read more »