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Railways approve JSPL produced rails for high-speed corridors

Railways approve JSPL produced rails for high-speed corridors

20-10-2020  comments

New Delhi (IANS) Indian Railways will get almost its entire requirement of speciality grade rails for the proposed high speed corridors from the domestic market.

Domestic steel maker JSPL has successfully developed 60E1 1175 Heat Treated (HT)…

Jeff Bezos vs Mukesh Ambani: Battle royale for India's retail crown

Jeff Bezos vs Mukesh Ambani: Battle royale for India's retail crown

20-10-2020  comments

New Delhi (IANS) The arbitration proceedings between Amazon and Kishore Biyani have begun in Singapore.

Former Attorney General of Singapore, V.K. Rajah concluded arbitration hearing on Friday, October 16 and will deliver his ruling on or before…

Adani, Piramal among bidders for bankrupt DHFL

Adani, Piramal among bidders for bankrupt DHFL

19-10-2020  comments

Mumbai (IANS) Adani Group, Piramal Enterprises, US-based Oaktree and Hong Kong-headquartered SC Lowy have submitted their bids for the insolvent Dewan Housing Finance Corporation Ltd (DHFL), sources said.

The deadline to submit bids for DHFL…

NCLT approves JSW Steel arm's bid for Asian Colour Coated Ispat

NCLT approves JSW Steel arm's bid for Asian Colour Coated Ispat

19-10-2020  comments

New Delhi (IANS) The National Company Law Tribunal (NCLT) has approved the resolution plan of JSW Steel Coated Products Limited, a subsidiary of JSW Steel Ltd for acquiring the bankrupt Asian Colour Coated Ispat Limited (ACCIL).

In a regulatory…

NPAs impact banks' rate cut transmission, loan growth: Study

NPAs impact banks' rate cut transmission, loan growth: Study

18-10-2020  comments

New Delhi (IANS) Non-performing assets (NPA) of a bank weakens the monetary policy transmission and loan growth rate, said a recent working paper prepared by the staff members of the Reserve Bank of India (RBI).

The paper titled, 'Bank…

India is gradually moving towards an Economy based on Clean Energy

India is gradually moving towards an Economy based on Clean Energy

17-10-2020  comments

New Delhi (IANS) As part of reforms oriented towards providing cleaner auto fuels in the country, government will soon launch a pilot on hydrogen CNG or HCNG soon, a senior government official said on Saturday.

Petroleum secretary Tarun Kapoor…

Jalan-Fritsch resolution proposal wins bid for Jet Airways

Jalan-Fritsch resolution proposal wins bid for Jet Airways

17-10-2020  comments

New Delhi (IANS) Jet Airways on Saturday said that the resolution plan submitted by Murari Lal Jalan and Florian Fritsch has won the bid to acquire the airline.

The announcement was made by the resolution professional (RP) of Jet Airways, which…

Samsung now top smartphone seller in India, globally: Report

Samsung now top smartphone seller in India, globally: Report

16-10-2020  comments

New Delhi (IANS) Samsung took the top spot in the global smartphone market in August driven by sales growth in India as the market recovered from a nationwide lockdown, a Counterpoint Research report said on Friday.

The South Korean tech giant…

Air India facing a very challenging financial situation: Hardeep Puri

Air India facing a very challenging financial situation: Hardeep Puri

15-10-2020  comments

New Delhi (IANS) Civil Aviation Minister Hardeep Puri has called Air India's leave without pay (LWP) scheme a "win-win for employees and management", and pointed out that Air India has not laid off a single employee even as international and domestic…

Covid fiscal support 'modest', direct govt spending at 1.2% of GDP: Moody's

Covid fiscal support 'modest', direct govt spending at 1.2% of GDP: Moody's

15-10-2020  comments

New Delhi (IANS) Centre's latest measures aimed at inducing consumer demand have been termed as too less and also quite late given the impact the pandemic had on the economy.

Moody's Investors Service has said that even if the latest…

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