Engineering and technology firm Siemens on Thursday disclosed that an internal probe has unearthed a fraud that was perpetrated on the company over several years through fake purchase orders by certain employees.
The first four infrastructure investment trusts (InvITs), which are likely to hit the primary markets this fiscal, may bring down the overall debt of sponsor groups by nearly Rs 13,000 crore, according to India Ratings and Research (Ind-Ra).
Sri Lanka will only lease out oil tanks to India under the proposed deal to jointly operate a strategic oil facility in the eastern port district of Trincomalee, Prime Minister Ranil Wickremesinghe has said.
In around two years from now, the Chenab river in Jammu and Kashmir will be spanned by the world’s highest railway bridge that is expected to be 35 metres taller than the Eiffel Tower.
The Securities Appellate Tribunal today admitted Reliance Industries’ plea against a Sebi order banning it from equity derivatives markets and will hear the matter next on August 8, with the firm saying it should be allowed to invest its surplus funds, including through mutual funds.
The Cabinet on Wednesday approved a new policy that envisages Rs 10 lakh crore investment to create more capacity in the steel sector.
The commerce and industry ministry is working on fixing the nuts and bolts of a policy to give preference to domestically manufactured goods in government procurement with a view to promoting Make in India.
To avoid delay in railway projects, the Chairman of the Railway Board (CRB) and zonal general managers (GMs) have now been given powers to overrule any technical objections raised by the finance wing.
Union Minister Suresh Prabhu on Saturday asked the railway personnel to focus on addressing issues, particularly those related to safety and punctuality of trains, for the next one month.
Mukesh Ambani-led Reliance Industries on Friday regained its status as India’s most valued firm by market capitalisation, overtaking Tata Group’s crown jewel TCS.