Singtel to raise holding in Bharti Telecom beyond 50%

NEW DELHI: Singtel is likely to raise its stake in Bharti Telecom, the single largest shareholder in Bharti Airtel, to beyond 50%. The move will convert the holding company into a foreign-owned entity...

Voda Idea, Airtel get longer payment terms from vendors

NEW DELHI | MUMBAI: Bharti Airtel and Vodafone Idea have obtained payment terms of up to three years — as against the norm of three-six months — for renewed and fresh equipment contracts,...

Stressed power companies told to use cash surplus to pare debt

MUMBAI: The power ministry has notified that certain stressed power plants would have to use their cash surplus after meeting operating expenses to service debt through a Trust Retention Account (TRA) managed by...

Industry divided over Odisha's decision to auction chrome mines

Bhubaneswar: Odisha government's decision to auction two chrome ore mines lapsing on 31 March 2020 but not Tata Steel’s Sukinda mine has the ferrochrome industry worried. Ferrochrome is a key ingredient in the production...

Coffee Day Enterprises Board to discuss whether to rope in strategic investors or sell...

The Coffee Day Enterprises (CDEL) will hold its board meeting in Bengaluru on Thursday where it is expected to discuss the two immediate options: whether to rope in strategic investors with managerial expertise...

Mahindra & Mahindra plans to roll out three new electric vehicles

MUMBAI: Mahindra & Mahindra, which reported on Wednesday a 52.56 per cent decline in consolidated profit after tax to Rs 894.11 crore in the first quarter ended June 30 due to lower volume...

RBI moves unlikely to ease pain for India's struggling shadow banks

MUMBAI: India's central bank outlined two measures on Wednesday aimed at easing liquidity pressures on crisis-hit shadow banks, but industry insiders say the moves, while positive, are unlikely to lead to any substantive...

Bitcoin is as bitcoin does: Cryptocurrency continues to exasperate traders and investors

Curiously, from a distance, the bitcoin market is barely moving and looks like it is preparing to linger between $11,000 and $12,000. But sweep a magnifying glass across the charts and a much...

DGCA proposes breath analyser test for air traffic controllers, others

NEW DELHI: Air traffic controllers and personnel performing aircraft maintenance, airport and ground handling operations may soon be required to undergo breath analyser (BA) tests before they reach their place of work, according...

Pound euro exchange rate: GBP/EUR steady, German industrial production suffers in June

On a month-on-month basis industrial production fell by -1.5 percent rather than the expected -0.4 percent.  Yearly industrial production also declined -5.2 percent, down from -3.7% the previous month. Carsten Brzeski, an Economist at...