Bankers to Essar Oil will get Rs 4,000 crore from Rosneft deal of Rs 82,740 crore (USD 12.9 billion) which will reduce Essarâ??s Group debt by Rs 70,000 crore
One of the legislators said Palaniswami should have "consulted us" before the merger, and claimed that the Dhinakaran faction enjoyed the support of 25 MLAs.
It noted that the company has indicated its willingness to meet key clients to address any concerns they may have due to the events of the past few days.
Earlier, Essar Oil#39;s new non-executive director, Jonathan Kollek had said, "They (Essar Oil) cannot build a refinery, they cannot build petrol stations. There is a non-compete, forever."
However, Infosys -- whose shares have taken a beating since the abrupt exit of its CEO Vishal Sikka on August 18 -- managed to remain among the top ten companies by market capitalisation on the BSE.
The government last month had approved sale of its 51.11 per cent stake in oil refiner HPCL to India#39;s largest oil producer ONGC.
Foreign direct investment (FDI) into the country grew by 37 per cent to USD 10.4 billion during the first quarter of the current fiscal, DIPP said today.
In a complete U-turn on JP Infra case in a latest meeting between a group of home buyers, JP Infratech MD, Manoj Gaur, Insolvency Professional Anoop Jain and Corporate Affairs Ministry, it has been
Registration of builders under Real Estate Act is now compulsory and a portal has been developed to facilitate online registration, Chief Minister Virbhadra Singh today said.
The previous round of free trade agreement negotiations was concluded here in March 2015.
THE Department of Agriculture (DA)-Davao will start the consecutive blood-sampling and testing on fowls in major poultry farms in the city starting on Wednesday, August 23 to September 4, in a bid to
Irrespective of whether the founders decide to submit their shares or not, the reputation and wealth of Murthy and his team is going to be a hit.
THE Department of Science and Technology (DOST)-Northern Mindanao is set to join and exhibit some 30 locally-developed technologies for business matching at the Mindanao Business Conference on Septemb
Located in Kochi and Pune respectively, the project will be completed by August 2017, the company said on Monday.
Infosys former CFO V Balakrishnan today asserted that Chairman R Seshasayee and Co-chair Ravi Venkatesan must step down as part of a board rejig before the country#39;s second-largest IT firm kicks
India has remained the second highest requester for taking down content after the United States for at least two years now.
India has remained the second highest requestor for content takedown after the United States for at least two years now.
MMR constituted 24 percent of overall Tier I cities sales, recording the highest number of sales at 15,824 units. This being the highest sales the city has seen in last seven years. Chennai was the
Airtel and Paytm customers will get exclusive offers.
Essar Group founder Shashi Ruia said this landmark transaction and the resultant debt reduction usher in a new phase of growth across the group portfolio.
Apex Frozen Foods, which is in the business of aquaculture products, today raised over Rs 43 crore from anchor investors ahead of its IPO, which opens tomorrow.
The facility was inspected by US FDA in April this year. The US drug regulator made eight Form 483 observations.
THE war in Marawi City and the bloody drug campaign of the government may already have weakened the country’s tourism appeal in the global market, but property developers like Robinsons Land Corp., (R
TWO large-scale developments that would generate about 6,000 jobs will be constructed in Mandaue City, said Mayor Gabriel Luis Quisumbing.
These two companies are San Miguel Corp. and Millennium Pan-A
THE Philippine Economic Zone Authority (Peza) is looking at giving incentives to ESL (English as Second Language) institutions operating in the country, following the stakeholders’ inquiry if they, to
ACCORDING to the Family Business Institute, only 30 percent of family business organizations last into the second generation, 12 percent remain viable into the third, and three percent operate into th
In such a scenario, a deal worth Rs 45 crore for a property that has an uninterrupted view of the Arabian Sea, offers a ray of hope. Of late deals worth Rs 30 crore to Rs 400 crore have also been se
As much as Rs 22,000 crore has come in as Central-GST and State-GST alone.
THE Securities and Exchange Commission (SEC) has warned the public against bogus online lending activities that victimize social media users.
In an advisory released Friday, the corporate regulator sa
MORE than the economic value that businesses bring, a group of business owners and professionals is reiterating the value of honesty as a cornerstone for the private sector.
In its “Be Honest” campaig
The company said it feels the Essar brand is "very strong" and will be retaining the same at the petrol pumps.
THE PhilHealth Circular No. 043 series of 2012 instituted Auto-Credit Payment Scheme (ACPS) to improve claims processing of all accredited health care institutions (HCIs). Under ACPS, settlement of cl
In a meeting attended by Jaypee Infratech MD Manoj Gaur, the NCLT appointed insolvency professional Anuj Jain and CEO of Jaypee Infratech, corporate affairs ministry officials and homebuyers, it wa
The Airport Express line was commissioned on February 23, 2011 after an investment of Rs 2,885 crore funded by DAMEPL#39;s promoters#39; fund.