BPCL says gas production from Mozambique not before FY21

The company is also reworking the capex for the gas basin, following the massive drop in crude prices and a subsequent drop in exploration service costs. Read more »

SC to hear plea to destroy 550 tonnes of Maggi on September 30

Nestle has said the storage of such huge quantity of the noodles at 39 locations across the country may lead to health hazard. Read more »

China, Japan, India account for 64% of world steel production in August

The top three steel makers produced 85.6 MT against the global output of 134.1 MT. China is the world's largest steel producer followed by Japan and India. Read more »

Vedanta inks pact for redevelopment of Mormugao port

The company had received the Letter of Award for the project on April 15, 2016 on a Design, Build, Finance, Operate and Transfer ( Read more »

Retail records highest PE investments in H1 2016 since 2008

H1 2016 also saw new mall supply increase to 4.8 million sft in H1 2016 from a mere 0.2 million sft in H1 2015. Read more »

Government mulls generating power from tidal waves: Nitin Gadkari

The the Union Transport Minister also appealed to Parsekar to try and work out means to shift existing transport from conventional to green fuel. Read more »

Bombardier targets $ 1 bn revenue from India biz in 5 yrs

Bombardier is targeting two areas in India railways and Metros rail projects and emphasised that huge opportunities lie in the segments with metro rail plans. Read more »

ISSDA names K K Pahuja as its new president

The decision was taken at a meeting of its Managing Committee held at Gurgaon on September 19, 2016. Mr Pahuja takes over from ISSDA’s outgoing... Read more »

IT merger of SBI, associates to conclude by end-December

The IT infrastructure of the associates is run from the SBI data-centre, so merging the software processes shouldn't be a challenge and neither will it cost much. Read more »

LeEco crosses Rs 100 crore mark in its first ever EPIC 919 sale in India

The online shopping festival which started on September 19 had to be extended by 24 hours due to unprecedented user demand, the company said in a statement. Read more »