Oil prices extended falls from the previous session on Wednesday, as concerns of an economic slowdown weighed on markets. US West Texas Intermediate (WTI) crude futures were at $52.74 per barrel at 0024 GMT, down 27 cents, or 0.5 percent from their last settlement.
Hours after JSW Steel Chairman and Managing Director Sajjan Jindal said that the Ruia family should be given a chance to regain control of Essar Steel, ArcelorMittal has hit back.
The government will soon approve the power tariff policy which would provide for a penalty for unscheduled power cuts by distribution companies from April 1, Power Minister R K Singh said on Tuesday.
Ratings agency ICRA has placed ratings of six mutual fund schemes from three fund houses — HDFC, UTI and Aditya Birla — under watch with negative implications due to their exposures to special purpose vehicles (SPVs)
Last week, commodity prices closed with affirmative gains with precious metals ending slightly positive while base metals complex finished with weekly gains of over 1 percent with the exception of Lead that lost 1 percent.
Torrent group will invest Rs 10,000 crore in renewable energy, power and gas distribution businesses in Gujarat, its Chairman Sudhir Mehta said on Friday. The group has so far invested Rs 30,000 crore in the state in power and pharmaceutical sectors.
IRB Infrastructure Developers on Friday said it will soon commence work on a Rs 2,043-crore highway project in Gujarat, part of the upcoming Vadodara-Mumbai Expressway.
Infrastructure Leasing & Financial Services Ltd (IL&FS) on Thursday said it would be unable to service its obligation in respect of interest of non-convertible debenture due on January 19.
Union minister for transport Nitin Gadkari on Thursday stressed the importance of moving towards the alternative fuels like methanol, ethanol and electric and said that it will reduce the dependency on fossil fuels costs less.
The Railway Minister on January 15 approved introduction of the first Rajdhani Express service for the Central Railway. The new service will connect Mumbai’s Chhatrapati Shivaji Maharaj Terminus (CSMT) and New Delhi’s Hazrat Nizamuddin railway station.