New Delhi, March 29: Growth in the six core infrastructure industries improved to 6.8 per cent in February from 4.2 per cent in the same month last fiscal on the back of a surge in crude oil and finished steel output. The performance in February was a shade lower compared with January when the infrastructure sector grew 7.2 per cent.
Mumbai, March 29: Essar Energy Plc has entered into an asset purchase agreement with Shell UK Ltd (Shell) to acquire the oil refinery and other associated assets at Stanlow (Stanlow Refinery) for $350 million in cash.
New Delhi, March 29: The government has deferred till July 1 a decision to levy service tax on transport of goods by rail. This is the fourth time the government has postponed a decision on rail freight which was to be implemented from April 1, 2010.
New Delhi, March 29: Private equity firm L Capital is likely to pick up a minority stake in one of the country’s leading jewellery makers, Gitanjali Gems, for an estimated consideration of between $100 million and $125 million.
Mumbai, March 29: Customers will get email alerts for all transactions done through their debit or credit cards from June 30.
