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Jindal siblings vie for Italian firm

Billionaire brothers, Naveen and Sajjan Jindal, could be the answer Pope Francis is looking for. Their companies, Jindal Steel and Power and JSW Steel, are in competing talks to buy parts of insolvent Italian steel maker Lucchini, sources with direct knowledge of the matter said....   | Read..
 

Sebi sets 10% threshold for FPIs

The Securities and Exchange Board of India (Sebi) today clarified that a foreign portfolio investor (FPI) will be allowed to buy additional shares in a company only if it...   | Read..
 

March core growth slows

The core sector grew 2.5 per cent in March against 4.5 per cent in the previous month because of a contraction in the production of crude oil, natural gas and fertilisers...   | Read..
 

Alstom board backs GE offer

The battle for Alstom’s prized energy business heated up today, as the board of the French “national jewel” said it favoured an offer by US giant General El...   | Read..
 

Stock surges

The shares of Alstom India surged almost 12 per cent today after its parent firm said it was considering the GE offer for its power business and has reviewed a declaration of...   | Read..
 

Status quo on US trade watch

The US today kept India out of the Priority Foreign Country list, a worst classification, and said it would hold discussions with the next government in New Delhi on enforcem...   | Read..
 
Sajjan: In the race
Jindal siblings vie for Italian firm


 Press Releases

Airtel tariff hike hint

Bharti Airtel today said it would continue to cut back on discounts and freebies on call rates ...   | Read..

Planners pen new agenda

A review of energy prices, including domestic cooking gas and kerosene, and steps to boost econ...   | Read..
 
 
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