Cairn says it took $500 mn hit due to retro tax in India

The company said it is seeking full restitution for losses totalling over $1.4 billion (about Rs 102,00 crore ) resulting from India’s expropriation of its... Read more »

US to probe Mahindra & Mahindra over Fiat Chrysler Jeep complaint

U.S. International Trade Commission said it would aim to complete its probe within 45 days. Read more »

Revised bid for Essar Steel offers “unprecedented value” to creditors: ArcelorMittal

The remarks come a day after the leading global steel producer offered Rs 42,000 crore to acquire Essar Steel India Ltd (ESIL), upstaging a Rs 37,000 crore bid by Russia's VTB Group-backed... Read more »

USFDA conducting inspection of Mohali plant: Sun Pharma

The inspection by the United States Food and Drug Administration (USFDA) started on September 10, 2018 and is ongoing, Sun Pharma said in a filing to BSE. Read more »

India scores over China; establishes leadership role in African education sector

India’s support in the education sector has received huge support in Africa for decades and the new project will serve as a digital bridge of... Read more »

Honest reporting, efforts of employees improved punctuality of trains: Piyush Goyal

Goyal said the railways lost 88,000 minutes per day in journey time in March 2018, but the number of minutes lost was reduced to 59,000 per day by August 2018. Read more »

NHB head meets top HFCs to boost rural demand to meet ‘housing for all by 2022’

NHB asked the players to have a focused approach in boosting demand for rural masses so that the government's Housing for All scheme is achieved by 2022. Read more »

India hopeful to occupy 2nd slot in global crude steel output: Steel Ministry

Growing in conjunction with the primary steel sector, the secondary steel sector holds enormous potential for growth and opportunities in the country, the ministry said in a statement. Read more »

RBI submitted a list of high profile fraud cases to PMO: Raghuram Rajan

In the note to Chairman of Estimates Committee Murli Manohar Joshi, Rajan said that the size of frauds in the public sector banking system has been increasing Read more »

Air India utilising just 21 of 27 Dreamliners for daily ops

Airline's Airbus fleet pilots body, ICPA, had last month alleged that as many as 19 aircraft, including nine Airbus A321s, were not in service due to non-availability of spares Read more »