Tata Sons chairman N Chandrasekaran has initiated plans to shrink over 1,000-odd subsidiaries owned by the Tata Group’s operating companies to a manageable number.
Enoc Group has announced a strategic alliance with Indian Oil Company (IOC), an oil and gas company in India worth $63 billion, in a joint effort to expand its global footprint while building on IOC’s R&D infrastructure to mitigate future manufacturing challenges.
Tuticorin Sterlite plant case: SC sets aside NGT order allowing reopening of plant, asks Vedanta to approach HC
The Supreme Court on Monday refused to allow the reopening of Vedanta’s Sterlite plant in Tuticorin in Tamil Nadu but granted it the liberty to approach the High Court for relief. A bench headed by Justice R F Nariman said
Jindal Steel and Power Ltd (JSPL) Friday said it has bagged an additional order of 30,000 tonne long rails from the Indian Railways. In July last year, JSPL bagged from the national transporter an order of 1 lakh tonne rails, to be supplied in one year.
The National Company Law Appellate Tribunal (NCLAT) has set aside the National Company Law Tribunal (NCLT) Kolkata bench’s order to start insolvency proceedings against Eastern Coalfields (ECL), a subsidiary of Coal India, said an official on Thursday.
The crisis in the debt-ridden Infrastructure Leasing and Financial Services (IL&FS) is set to be addressed by undertaking asset-level sale process first before putting in place a plan for a single group-level or vertical-level resolution, sources said.
The structure JSW Steel (JSW) uses to complete its acquisition of debt-ridden Bhushan Power & Steel (Bhushan Power) will determine the impact on its financials.
Pension funds and provident fund trusts, which collectively have invested ‘thousands of crores in bonds issued by IL&FS group, have filed intervening petitions in the National Company Law Appellate Tribunal
The Ahmedabad Bench of the NCLT on Wednesday reserved its order on a plea filed by the Ruias, the promoters of the distressed Essar Steel. The promoters had sought to claim their right to participate in the meetings of Essar Steel
We will spend Rs 75,000 crore on refineries over 5 years: B V Rama Gopal, Director-Refineries, Indian Oil Corporation
We are getting geared up to supply BS VI specification fuel by April 2020. Most of the up-gradation should take place by the second half of 2019-20. Some refineries will have to undergo shutdown which is already planned.