Flipkart claims to have witnessed 100 per cent growth in sale of budget smartphones from its platform between festive season sale it held a year ago till date …
The second 1,000 MW nuclear power unit at Kudankulam, owned by the Nuclear Power Corporation of India Ltd (NPCIL) stopped power generation on Saturday, said Power System Operation Corporation Ltd (POSOCO).
Gautam Thapar’s efforts to wrest back control of his group company CG Power and Industrials by buying back pledged shares are likely to hit a wall. Lenders including KKR and Yes Bank have converted the pledged shares into equity, making a share transfer impossible, said people with knowledge of the development.
The National Highways Authority of India (NHAI) will soon call a meeting of public and private sector banks looking to ensure that there are sufficient funds before it awards projects under the hybrid annuity mode (HAM).
Oil prices rose slightly on Friday as concern over an economic slowdown in China, the world’s biggest oil consumer, was countered by bullish signals from both the Chinese and US refining sectors. Erasing earlier losses, global benchmark Brent crude oil futures rose 10 cents to $60.01 a barrel by 0927 GMT.
Many state-run oil companies are unlikely to switch to the lower corporate tax regime this year as it would lead to a loss of accumulated tax credit worth thousands of crores and hurt their annual profits.
Oil-to-telecom major Reliance Industries (RIL) on Friday became the first company in India to hit the market capitalisation of Rs 9 lakh crore. RIL was also the first company to reach Rs 8 lakh crore mark in August last year
Assam government discusses reopening of traditional railway links to Bangladesh. State government has moved Ministry of External Affairs (MEA) and NITI Aayog for reopening of the pre-partition railway links from Chittagong to Makum, Cox Bazar to Ledo and third line between Bangladesh via Golakganj till Moirabari.
The government is likely to provide Rs 5,500 crore viability gap funding (VGF) to North-East gas grid. The Prime Minister’s Office has agreed to the oil ministry’s proposal of extending 60% budgetary support to the Rs 9,200-crore North-East gas grid project
The Organisation of Petroleum Exporting Countries (Opec) vowed on Tuesday not to permit a relapse of the oil market downturn while key consumer India urged it to resist deepening production cut.