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Govt says it will invite initial bids for Air India stake sale in next fortnight

Infrastructure

08 March, 2018

Govt says it will invite initial bids for Air India stake sale in next fortnight

India will invite initial bids for a stake sale in state-run carrier Air India in the next couple of weeks, ......

Tata Steel emerges as top bidder for Bhushan Steel

Manufacturing

07 March, 2018

Tata Steel emerges as top bidder for Bhushan Steel

India's Tata Steel Ltd said on Wednesday it was selected as the highest bidder to buy a controlling stake in ......

Markets close in the red for 6th straight session as oil stocks, banks weigh

Markets

07 March, 2018

Markets close in the red for 6th straight session as oil stocks, banks weigh

Indian shares ended lower on Wednesday, dragged by oil explorers including Reliance Industries Ltd and banks such as ICICI Bank ......

Sensex closes over 1% lower as lenders dampen market sentiment

Markets

06 March, 2018

Sensex closes over 1% lower as lenders dampen market sentiment

Indian shares gave up early gains and closed 1 percent lower on Tuesday, pulled down by lenders including ICICI Bank ......

Court restrains RCom from selling assets as Ericsson seeks to recover unpaid dues

TMT

06 March, 2018

Court restrains RCom from selling assets as Ericsson seeks to recover unpaid dues

An Indian arbitration court has restrained Reliance Communications Ltd (RCom) and two of its companies from transferring or selling any ......

Blackstone CEO Stephen Schwarzman earned $786 mn in 2017

People

06 March, 2018

Blackstone CEO Stephen Schwarzman earned $786 mn in 2017

Blackstone Group LP co-founder and Chief Executive Stephen Schwarzman took home about $786 million last year, making him the private ......

Metals drag Sensex, Nifty nearly 1% lower on fears of trade war

Markets

05 March, 2018

Metals drag Sensex, Nifty nearly 1% lower on fears of trade war

Indian shares ended lower for a fourth consecutive session on Monday, dragged down by metal stocks such as NMDC Ltd, ......

Sensex, Nifty end truncated week lower despite GDP boost

Markets

01 March, 2018

Sensex, Nifty end truncated week lower despite GDP boost

Indian shares ended lower for the third successive session on Thursday, dragged by bank stocks such as ICICI Bank and ......

Govt to consolidate equity stakes in JVs having multiple state-run bank partners

Finance

01 March, 2018

Govt to consolidate equity stakes in JVs having multiple state-run bank partners

India’s government will consolidate 35 overseas branches of state-run lenders, with 69 more under review, financial services secretary Rajeev Kumar ......

Jeweller Nirav Modi's bankrupt US firm draws strong interest from buyers

Consumer

01 March, 2018

Jeweller Nirav Modi's bankrupt US firm draws strong interest from buyers

Potential buyers have expressed strong early interest in a bankrupt U.S. firm of jeweller Nirav Modi, who has been accused ......