Bombay High Court directs power regulator to consult wind developers on wind zones dispute

“The government cannot retrospectively change the clauses in any PPA on some pretext or the other. The discom is arm-twisting developers to get lower tariffs... Read more »

Spectrum auction for 5G likely to happen in later half of 2019

The 5G services would offer telecom companies better visibility into market dynamics and potential revenue streams of the next-generation mobile services, Sundararajan said. Read more »

IL&FS crises not a Lehman moment for India: SBI Chief Rajnish Kumar

Rajnish Kumar told ET: “This is not a ‘Lehman moment’. It is unwarranted mayhem. It is herd mentality.” Read more »

Air India pilot under scanner for making steep 10K ft descend

An industry source said that the pilot descended from 35,000 feet after a "brake hot" warning to 25,000 feet. Read more »

With the Usha Martin steel plant acquisition eye on strategic growth opportunities in India: Tata Steel

This is the first major acquisition outside the NCLT process where it successfully bagged the five million tonne Bhushan Steel in Odisha in April this year. Read more »

No concern on liquidity of NBFCs: SBI chairman Rajnish Kumar

Experts attributed the fall in NBFCs' scrips to tightness in money market and a lack of clarity on IL&FS exposure. Read more »

Government begins consolidation of regional rural banks, to bring down tally to 36

The Centre has begun consultations with states as they are one of the sponsors of the regional rural banks (RRBs) in the country, a senior Finance Ministry official has said. Read more »

M&M plans to expand KUV100, TUV300 product range

Looking at the two brands as "long term and strategic", the company is investing in new technologies, including making the products confirm to BS-VI emission norms. Read more »

Railways to install latest signalling system on Mathura-Vadodara route

The system prevents the collision of two trains on the same track and also updates loco pilots on the condition of signals ahead even when the visibility is poor due to fog... Read more »

India in the top five markets for Spanish luxury brand Lladro

The Valencia-based brand entered India 13 years ago with limited edition sculptures of Hindu gods and classic pieces like cherubs and ballerinas Read more »