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JSPL starts largest blast furnace

The biggest integrated steel plant in Odisha, owned by Jindal Steel and Power Ltd (JSPL), was made operational on Saturday with the commissioning of the country’s largest blast furnace.

6 hours ago

Workers walk past a billboard of DLF Ltd. at Gurgaon on the outskirts of New Delhi October 14, 2014. | Reuters
DLF promoters, GIC set to sign Rs 13,000 crore deal on rental unit sale

DLF, the county's largest realty firm, expects the deal to be concluded by October this year after receiving regulatory and all other approvals.

16 hours ago

Chief Minister Naveen Patnaik and JSPL chairman naveen Jindal after inauguration of the integrated steel plant at Angul on Saturday | Express
Odisha's biggest integrated steel plant owned by Jindal Steel and Power commissioned

Naveen Jindal said the Rs 33,000 crore plant would enable the company to overcome its loss in the aftermath of the coal block cancellation.

18 hours ago

India Cements Q4 net down 32 per cent to Rs 34 crore

The company's total income during the quarter under review was up 16.12 per cent to Rs 1,524.29 crore.

18 hours ago

A technician repairs power supply lines at a power plant of Adani Power at Mundra Port in Gujarat April 2, 2014. | Reuters
Adani Power March quarter net loss at Rs 4,961 crore

Adani Power's consolidated income during the quarter declined to Rs 6,586.4 crore from Rs 7,756.9 crore last year.

18 hours ago

US President Donald Trump. (File Photo |AP)
US backs call for fight against protectionism in G7 communique: Source

Trump has previously endorsed protectionist measures, saying the United States was suffering due to unfair trade practices from some of its main Western allies as well as China.

20 hours ago

A technician opens a pressure gas valve inside the Oil and Natural Gas Corp (ONGC) group gathering station on the outskirts of Ahmedabad in March 2012.  (File Photo | Reuters)
Natural gas production no longer profitable business: ONGC

Cost of production is significantly higher than the current government-mandated gas price, the company said.

20 hours ago

Honda to focus on mass market to drive growth

Honda Cars India (HCIL) president and CEO Yoichiro Ueno on Friday expressed confidence about strong growth in FY18, riding on the encouraging response for Honda WR-V and Honda City models.

27 May 2017

Five bankers selected for Indian Oil stake sale

Five merchant bankers, including Goldman Sachs and Citigroup, have been selected to manage the government’s three per cent stake sale in

27 May 2017

File photo of telecommunication towers in Hyderabad (Reuters)
Government tells telecom players to cut prices, pass benefits to users

The finance ministry on Friday asked telecom companies to rejig costs and lower prices to pass on the benefits of tax rate reduction under GST to customers from July.

27 May 2017

Sensex breaks record 31,000 points milestone

The current rally is buoyed by sustained buying by both foreign and domestic investors, say market analysts

27 May 2017

London woos 20 Indian start-ups to set up biz

As many as 20 start-ups across India have been shortlisted for assistance to set up their businesses in London, as part of the India Emerging 20 programme hosted by London Mayor’s initiative London &

27 May 2017

ITC Q4 net profit rises 12% to Rs 2,669 crore

Cigarettes and consumer goods maker ITC Ltd on Friday said its March quarter net profit rose 12.13 per cent to Rs 2,669.47 crore driven by revenue growth in agri commodities, branded packaged foods an

27 May 2017

Higher margins fuel HPCL Q4 net

Riding on better performance in refining margins and inventory gains, Hindustan Petroleum Corporation (HPCL) on Friday reported a 31 per cent jump in…

27 May 2017

Union Minister for Road Transport Highways and Shipping Nitin Gadkari. (file | PTI)
Govt in talks with SoftBank for funding two lakh electric buses

India wants to cut down on a ballooning Rs 7 lakh crore crude import bill, Nitin Gadkari said.

26 May 2017

A logo is seen on the roof of the ArcelorMittal steelworks headquarters in Ostrava, Czech Republic. (File photo | Reuters)
ArcelorMittal wins bid to buy Italy's Ilva steel plant: Source

The special commissioners in charge of Europe's biggest steel plant by output capacity have accepted the bid of just under 2 billion euros, a source told Reuters.

26 May 2017

(Image for representational use only)
India not yet ready for electric cars: Honda Cars India CEO

A lack of necessary infrastructure and the question of affordability may hamper the growth of electric cars in India.

26 May 2017

Rakesh Sarna resigns as Indian Hotels MD and CEO

Sarna was one of the high-profile recruitments from outside the Tata group made by ousted Tata Sons Chairman Cyrus Mistry.

26 May 2017

An employee sits at the front desk inside Tech Mahindra office building in Noida
Tech Mahindra Q4 profit dives 33 per cent on weak margins

EBITDA took a $20 million hit which came from the company's exit of a networking business contract.

26 May 2017

BSE in Mumbai  (File photo | Reuters)
Investor wealth surges over Rs 50 lakh crore in three years

The BSE benchmark index has risen 25.53 per cent since the BJP-led NDA government came to power in 2014.

26 May 2017

US first-quarter GDP growth revised up sharply to 1.2 per cent

Analysts had been expecting a revision of only a tenth of a point.

26 May 2017

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