IRB Infra ties up Rs 981 crore from lenders for Vadodara-Mumbai Expressway section

NEW DELHI: IRB Infrastructure Developers Ltd (IRB Infra) said Thursday it has tied up Rs 981 crore finances from lenders for a project to widen a section of Vadodara-Mumbai Expressway. The support from National...

Staring at defaults, Tata-Jet deal delay could hit Naresh Goyal

While Tatas held “preliminary” discussions with Naresh Goyal-led Jet Airways for acquiring a stake, as reported by TOI on November 15, the deal would give the group a combined market share of 24%...

Make a stock shopping list and include banks, says Ken Kamen

Amid the gut-wrenching slide on Wall Street, the president of Mercadien Asset Management tells Reuters' Fred Katayama investors should be prepared to buy stocks on sale. READ SOURCE

Case of profiteering under GST: HC stays NAA order on Pyramid Infrastructure

MUMBAI: The Delhi High Court has given interim relief to real estate developer Pyramid Infrastructure, which had been fined for profiteering under the goods and services tax (GST), offering hope to other companies...

Copper production dips 47%, imports surge 233%

The closure of Sterlite’s copper smelter in Tuticorin has resulted in a steep fall in refined copper production in the country during the first quarter (Q1) of 2018-19 (FY19). Production slumped 47.1% year-on-year...

ALTBalaji aims to break-even in the next 3 years

Balaji Telefilms' video on demand platform ALTBalaji plans to invest up to Rs 150 crore a year for the next two-three years, while looking to achieve break- even in the next three years. The digital...

How Mukesh Ambani shook up the phone industry, in charts

By: Bhuma Shrivastava Within two years, India’s richest person turned the local mobile-phone market into the world’s biggest consumer of wireless data. But along the way, billionaire Mukesh Ambani laid waste to profits in...

OVL slapped with Rs 7,666-crore service tax demand

NEW DELHI: The tax department has slapped ONGC Videsh Ltd a service tax demand of Rs 7,666.10 crore on remittance the firm makes to its overseas subsidiaries for past one decade, sources in...

'Microwave spectrum allocated to Jio, MTS as per norms'

New Delhi: The department of telecom allocated microwave spectrum to Reliance Jio in 2015 and then to Sistema Shyam Teleservices without auction provisionally and in compliance with rules, highly placed government sources said...

Solar rooftop installation at record 1,538 MW in year to September: Report

India witnessed record installation of 1,538 MW of solar rooftop in the year ended September 30, taking the total capacity in the category to 3,399 MW, according to a report. "There was record...

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