To monitor the operations of Bhushan Steel, banks with an exposure of Rs.40, 000 crores in the company are in talks to appoint a management agency.
Stocks of Gujarat State Petronet fell 3.68 percent to Rs.82.50 per share at 11 am during trading hours on Friday. The shares fell after the company posted its declined revenue results due to lower operating income.
The Adani Group and Indian Oil Corporation are in talks to build an Rs.30, 000 crore joint venture project with a capacity of 30 million tonnes refinery at Mundra Port in Gujarat.
Essar Projects, an engineering company on Tuesday announced that it has bagged a $54 million (₹328 crores) project from Saudi Arabian national oil and natural gas company Aramco.
Large and fancy billboards have been hindering smooth take-offs in Mumbai airport, due to which Air India reportedly incurs an estimated loss of about ₹10 crore per month on its Mumbai-New York flight.
Indian shares ended higher on Monday, snapping two days of fall as software services exporter Infosys rallied on the weaker rupee, while lenders gained a day before the central bank’s policy review.
Piramal Enterprises Limited has linked up with Dutch pension fund APG Asset Management to invest $1 billion in Indian infrastructure companies over three years.