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ArcelorMittal aims to complete Essar Steel acquisition by 2019

The bench said that the COC resolution plan must balance the interest of all stakeholders. The apex court had on July 22 ordered status quo in the Essar insolvency case.

published : 22 hours ago

Sensex starts over 170 points higher; Nifty tests 11,900

After hitting a high of 40,455.36 in the early session, the 30-share index pared some gains to trade 58.59 points, or 0.15 per cent, higher at 40,342.78.

published : 19 Nov 2019

Rupee slips 16 paise, touches 72/USD level in early trade

Forex traders said trading in emerging market currencies were subdued tracking cautious opening in domestic equities.

published : 19 Nov 2019

Festive demand led to 0.3 per cent growth in passenger vehicle sales: Government

Passenger vehicle sales in India rose marginally in October aided by positive festive season and introduction of new models in the utility vehicle space.

published : 19 Nov 2019

No information on non-implementation of new Motor Vehicles Act: Gadkari

He also said that under certain provisions of the Act, states have the right to specify the amount for compounding of certain offences and accordingly some states have reduced such penalties.

published : 19 Nov 2019

Major reforms in last five years to boost investment climate to reach USD 5 trillion economy goal: Sitharaman

The finance minister was replying to questions in the Lok Sabha whether the government has analysed reasons for an economic slowdown in the country.

published : 19 Nov 2019

Ford’s first electric venture is a Mustang Mach-E SUV

According to numerous studies, the share of EVs in total passenger vehicles is likely to go up around 30 per cent by the year 2030.

published : 19 Nov 2019

Utility vehicles prop up passenger segment sales

According to SIAM data, UV sales have performed far better than the overall passenger vehicle segment in every month since December 2018. 

published : 19 Nov 2019

Tata Motors to supply 500 EVs to Lithium Urban Tech

Tata Motors Limited (TML) on Monday signed an agreement with electric vehicle fleet operator Lithium Urban Technologies Pvt Ltd to supply 500 electric cars.

published : 19 Nov 2019

China’s Changan Auto gears up for India drive

After Great Wall Motor, Geely, Chery Automobile, SAIC Motor and Beiqi Foton, now China’s state-owned auto firm Changan Automobile Co. Ltd has geared up to make inroads into India.

published : 19 Nov 2019

The magic of brand names: From Mercedes to Rolls-Royce

The World War II Willy’s Jeep originally had no name and was simply called GP for General Purpose, but this was soon spelled as Jeep, making an excellent brand name.

published : 19 Nov 2019

Tax cut boosts India Inc net profit, revenue dips

Experts say corporate India’s topline has been under pressure due to weak demand and is expected to remain in single digits for the next quarter.

published : 19 Nov 2019

Centre may cut upfront payment for coal mines by half in bid to attract global mining giants

The Centre may decide to relax end-use norms to allow miners to sell part of their coals in the open market as well as reduce the amount of money, which they have to pay upfront when awarded bids.

published : 19 Nov 2019

Government likely to review UDAY scheme

The UDAY scheme was launched in November 2015 and under the scheme, state governments were to take over 75 per cent of the utilities’ debts and include it in their fiscal deficit calculations.

published : 19 Nov 2019

Exploring legal means on SC’s notice in Ranbaxy case: Fortis

Fortis said in a BSE filing, the company is currently evaluating the judgement and exploring legal means to address it in an expeditious manner keeping in mind the best interest of all its stakeholder

published : 19 Nov 2019