JSW steel plans to invest $500 million to buy, upgrade US firm Acero

The proposed investment would be made in two phases and would increase the company's overall investment blueprint for the US market, JSW Steel said in a regulatory filing. Read more »

Arijit Basu to be State Bank of India’s new Managing Director

A graduate in Economics and a Master of Arts in History, Basu has held several key positions in State Bank of India. Read more »

ICICI Bank probes 31 loan accounts on whistleblower complaint

The largest private sector lender said that it received anonymous complaint against the treatment of these 31 accounts in March. Read more »

Moody’s upgrades ArcelorMittal from Ba1 to Baa3

Moody's also expects that a possible acquisition of Indian steelmaker Essar Steel would be structured in a way to have only a limited financial impact. Read more »

Power Ministry asks companies to regulate default AC settings

The power ministry also launched an awareness campaign around air conditioning in order to achieve substantial energy savings and reduce greenhouse gas emissions. Read more »

Nothing unusal, says bank; 1.6 lakh deposited Rs 746-crore banned notes, says NABARD

NABARD also said of the total number of accounts with ADCB, only 0.09 percent comprised accounts with deposits of more than Rs 2.5 lakh. Read more »

Sembcorp Energy lowest bidder for Bangladesh power supply tender

Sources said, Sembcorp made the most competitive offer for supply of electricity generated from imported coal at its Andhra Pradesh plant. Read more »

Foreign investments of RNT under lens

The order also seeks other information such as the nature of activities of RNT Associates, bank account details and copies of audited balance sheets. Read more »

Over 11,000 admissions after DU’s first cut off list, 6 times more than 2017

According to a university official, out of over 56,000 seats, over 11,000 were filled which was a record-breaking number. Last year, around 2,000 seats were filled. Read more »

Promoters sell 2.4% in Adani Ports via bulk deal

Shares of Adani Ports ended up 0.2% at Rs 366.85 on Thursday. Read more »