NCLT rejects Essar Steels operational creditors plea against…

The National Company Law Tribunal (NCLT)-Ahmedabad on Thursday rejected debt-laden Essar Steel India’s (ESIL’s) operational creditors (OCs) plea against ArcelorMittal’s Rs 42,000-crore bid. It is seeking consideration of promoters Essar Steel Asia Holding’s (ESAHL’s) Rs…

Jet Airways founder Naresh Goyal agrees to step…

Jet Airways' founder Naresh Goyal has agreed to step down as chairman of the airline's board, a source with direct knowledge of the matter told Reuters on Thursday, as the cash-strapped Indian carrier inches closer…

Cabinet clears SPV for transfer of Air India…

The Cabinet Thursday approved setting up of a special purpose vehicle -- Air India Assets Holding-- for transfer of the national carrier's working capital loans, which are not backed by any assets, as well as…

Cabinet okays Vodafone Ideas up to Rs 25,000…

The Cabinet Thursday cleared an FDI proposal of telecom operator Vodafone Idea Ltd ahead of its proposed up to Rs 25,000 crore rights issue. "The Cabinet has approved the proposal of Vodafone Idea Ltd, which…

GDP growth in Q3 slows to 6-quarter low…

Growth in gross domestic product (GDP) slowed to a six quarter low of 6.6 per cent in the third quarter (Q3) of 2018-19 (FY19) due to subdued expansion in agriculture, manufacturing, and government expenditure, data…

Future Retail inks pact to bring convenience store…

Putting all speculation to rest, the world’s largest convenience store chain 7-Eleven on Thursday said it was launching in India through a franchise arrangement with Future Retail. The plan included setting up stores, which would…