ONGC plans to buy 27 rigs for up to Rs 3,500 cr

State-run explorer looks at replacing nearly half of its ageing 67 onshore drilling rigs, floats tender seeking bids by November 14. Read more »

Weaker solar radiation, poor ratings of discoms keep solar tariff above Rs 3/unit in UP

The relatively higher tariffs reached in UP are attributed to its weaker solar radiation and poor financial ratings of its discoms, which raised the cost of borrowing for UP-based projects. Read more »

Vodafone Idea moves TDSAT to recover bank guarantees

In September, Vodafone Idea again wrote to the telecom department to recalculate the spectrum dues of Rs 3,926.34 crore it had paid to get approval for the merger. Read more »

IndiGo’s A320 neo plane suffers mid-air engine failure; DGCA probe on

IndiGo, the country's largest airline in terms of market share, has been facing problems with Pratt & Whitney engines powering its A320 neo aircraft. Read more »

IL&FS crisis: ICAI seeks explanation from audit firms

ICAI said it has issued notices to audit firms that conducted statutory audit works of IL&FS group in the past few years. Read more »

Telecom operators propose new e-KYC process as alternative to Aadhaar

The TSP will generate and send a five digit pin to an alternate number provided by the customer. Read more »

P&G proposal for stake acquisition in company gets govt nod: Merck Ltd

Govt has approved the proposal of P&G Overseas India BV for acquisition of up to 77.80 per cent of the paid-up equity share capital of... Read more »

From January, certificates issued by CAs to have unique identification numbers

The ICAI, which has more than 2.92 lakh members, on Tuesday said it has introduced the Unique Document Identification Number (UDIN) for the members. Read more »

Oil output drops 3.3% in April-August

In the first round of auction under the new exploration licensing policy, only a handful of private players participated and foreign companies kept out. Read more »

Challenge grows for NBFCs as banks turn tight-fisted

There are wide-scale complaints from the NBFC lobby that some banks are even refusing to release funds against sanctioned loan limits. Read more »