Anil Agarwal seeks full control of miner Vedanta

London-listed Vedanta said in a statement that management has backed the deal pitched at 825 pence per share and valuing the entire group at £2.3... Read more »

Flipkart deal in line with government’s FDI policy: Walmart

The Confederation of All India Traders (CAIT), a body of traders, today organised mass protests in different parts of the country against the Walmart-Flipkart deal. Read more »

ITC to add 2500 rooms in 5 yrs, mulls foray to healthcare space

"ITC earlier said it would invest Rs 25,000 crore over the next five years in various sectors, of which Rs 10,000 crore would be invested in food processing," said Sanjiv Puri. Read more »

ONGC board gives nod to explore group restructuring options

While ONGC did not provide details of the proposed restructuring, sources in the company said an advisor would be appointed to suggest possible options. Read more »

APTET 2018 result announced: Download your scorecard from this website

The state government aims to fill over 10,000 vacancies on the basis of this test. ​​Around 4 lakh candidates appeared for the APTET exam. Read more »

Railways to replace face towels with cheaper, disposable napkins in AC coaches

While the existing towels measure 52 cm x 40 cm, the new ones will be smaller at 40 cm x 30 cm. The cost of the bedroll is included in the ticket... Read more »

Telcos warm up to internet of things to shore up revenues

The telcos are keeping in mind that data tariffs have dropped 90% while voice tariff by about 60% in the past couple of years, resulting in gross revenue falling 8% on-year to... Read more »

Telecom gear import may cost more as rupee falls

A whopping 80% of the telecom equipment used in local phone networks is imported from foreign vendors such as Ericsson, Nokia, Huawei, Samsung and ZTE. Read more »

BESCOM asks 110 green energy developers to pay transmission charges

The directive of the Bangalore Electric Supply Co (BESCOM) is not addressed to the seven developers that obtained the stay on the KERC order. Read more »

Tata Steel to get debt relief from Thyssenkrupp deal

According to definitive agreements signed by the two European steel companies on Saturday, Tata Steel Europe will transfer ¤2.5 billion of its debt to the... Read more »