Govt may close NTPC-SJVNL, IOC/BPCL-GAIL M&A deals in FY20

New Delhi (IANS) At least two PSU merger and acquisition deals would be concluded by the government in the current fiscal to reach closer to the higher disinvestment target of Rs 1,05,000 crore.

Top sources in the government said that the deal…

'Significant' outcome from ongoing resolution process: IL&FS

New Delhi (IANS) Crisis-ridden IL&FS on Wednesday said that its new board, headed by Uday Kotak, has taken key steps in resolving the over Rs 20,000 crore debt, which has resulted in "significant interim" outcome in the overall resolution…

Bill amending bankruptcy law tabled in Rajya Sabha

New Delhi (IANS) Seeking to fill up the gaps in corporate insolvency resolution framework, Finance Minister Nirmala Sitharaman on Wednesday tabled a bill to amend the Insolvency and Bankruptcy Code, 2016.

The proposed changes…

Sensex in red amid heavy fund outflow

Mumbai (IANS) The Sensex traded slightly lower amid heavy outflow of foreign funds on Tuesday and caution ahead of key quarterly results.

Monday saw the Foreign Institutional Investors (FIIs) selling nearly Rs 2,000 crore worth…

Sensex down 850 pts in two days over intense FII outflow

Mumbai (IANS) Sensex lost over 850 points in past two sessions as the government ruled out any possibility of a roll-back of increase in tax surcharge for the super-rich in the Budget.

Since, July 5, when the Union Budget was proposed, Foreign…

SC's status quo on Essar Steel sale to ArcelorMittal

New Delhi (IANS) The Supreme Court on Monday ruled status quo on the sale of Essar Steel to Arcelor Mittal.

A bench headed by Justice Rhinton F. Nariman admitted the appeals by Essar Steel lenders and Arcelor Mittal challenging the order of…

Sensex sheds 300 points as equity indices open in red

Mumbai (IANS) The key Indian equity indices opened on a negative note on Monday, with the BSE Sensex losing over 300 points.

The Nifty50 on the National Stock Exchange was also down over 100 points, continuing the bearish trend…

CII identifies 31 products with high export potential

New Delhi (IANS) The Confederation of Indian Industry (CII) has identified 31 items, including women's apparel, drugs, cyclic hydrocarbons, and furniture, with high potential for exports in a new study on boosting merchandise exports.

The…

Expansion flight: GoAir plans to enter Vietnam, Cambodia

Mumbai (IANS) Budget passenger carrier GoAir plans to add destinations such as Hanoi and Phnom Penh to its international network by the year-end, sources said.

Sources said the airline, which is rapidly expanding its international presence,…

Authorities to probe all aviation related safety incidents: Minister

New Delhi (IANS) Union Minister Hardeep Singh Puri on Saturday said that the authorities will investigate all aviation related safety incidents.

According to the Minister of State with independent charge for Housing and Urban Affairs and Civil…