Reliance Jio 4G revolution may render the 2G featurephone extinct

Data shows market share of 2G phones has dropped to 30% in quarter ended June. Read more »

Jet Airways to make part payment of September salary to senior

The airline, however, in a communication to these categories of employees did not give any time line on the payment of the rest 75 per cent of the salary for last month.... Read more »

ArcelorMittal named preferred bidder by Essar Steel lenders

The lenders of Essar Steel are likely to put the ArcelorMittal proposal for vote early next week. Read more »

JSW Steel weighing options to fund acquisition of Bhushan Power, Essar Steel

"JSW Steel is exploring differentiated financing options, including joint control model, to fund its acquisition of stressed assets of Bhushan Power and Steel and Essar Steel," according to a banking source. Read more »

IL&FS Investment Managers’ non-executive director Vibhav Kapoor resigns from board

The company did not give the reason for his resignation. Read more »

DoT asks MTNL to outline long-term roadmap as part of revival talks: CMD

A revival plan of MTNL, prepared by its consultant, is currently under consideration in Department of Telecom (DoT). Read more »

Anil Agarwal indicates he is open to raising bid for Essar Steel

The bid was more than offers made by ArcelorMittal and Russia's VTB Capital-backed NuMetal Ltd in the first round. Read more »

Mahindra Marazzo bookings cross 10,000 mark

The company had launched the model on September 3 with price starting at Rs 9.99 lakh Read more »

NBFCs liquidity crunch to hit home loan sales: report

Home prices, which have witnessed a relative slowdown in growth, will continue to be under pressure, Japanese brokerage Nomura has said. Read more »

PTC India to ink PPAs with 7 firms, 5 states for 1,900MW by Oct end

After this tender, the company plans another round of 3,000 MW of medium term PPAs to give some relief to stressed power projects as PPAs are required for getting fuel supplies, a... Read more »