Gas prices set to rise

Natural gas prices in the country are likely to be raised about 11 per cent to $3.2 per million British thermal unit (mBtu) from next month following a spike in prices in the global gas hubs, which could provide a much needed relief to producers struggling to recover cost.
Our Special Correspondent Mar 23, 2018 00:00 IST

Mahindras, Ford seal pact to make SUVs

The Mahindra group and Ford Motor Company will jointly develop sports utility vehicles (SUVs) and a small electric vehicle, following a strategic alliance that was first announced in September 2017.
Our Special Correspondent Mar 23, 2018 00:00 IST

Vodafone-Idea team in place

Vodafone Group and Idea Cellular on Thursday announced the management team of the combined entity, which will come into effect after the merger is complete.
Our Special Correspondent Mar 23, 2018 00:00 IST

Blue Star to make hay as sun shines

Air conditioner and commercial refrigeration maker Blue Star is eyeing a 12.5 per cent market share in the room air conditioner segment in 2018-19.
A Staff Reporter Mar 23, 2018 00:00 IST

Resolution cue in Binani tug-of-war

Dalmia Bharat is ready to take over Binani Cement despite the alleged fraud unearthed by a forensic report even as its competitor, UltraTech, questioned the decision of declaring Dalmia as the top bidder during a 150-minute long hearing before the National Company Law Tribunal (NCLT) on Thursday.
Sambit Saha Mar 23, 2018 00:00 IST

Essar Steel on the block again

A consortium of bankers, led by the State Bank of India (SBI), has rejected the bids submitted by both ArcelorMittal and Numetal for Essar Steel as they were found ineligible under Section 29A of the Insolvency and Bankruptcy Code (IBC).
Our Special Correspondent Mar 22, 2018 00:00 IST

Hopes alive for Ruia re-entry

The petition filed by Numetal Ltd, one of the bidders for Essar Steel, before the Ahmedabad bench of the National Company Law Tribunal on Tuesday, may keep the door ajar for Rewant Ruia to be back in the family's steel business in the future.
Sambit Saha Mar 22, 2018 00:00 IST

NCLT call on Binani today

The insolvency proceedings of Binani Cement Ltd (BCL) are turning out to be increasingly complicated. As many as 14 separate applications/petitions will be up for consideration when the eastern regional bench of the NCLT hears the cases on Thursday.
Our Special Correspondent Mar 22, 2018 00:00 IST

US dumping duty on Indian stainless steel

The US has decided to slap an anti-dumping duty on stainless steel flanges from India and China after it found in its preliminary probe that both the countries provided subsidies to the exporters.
PTI Mar 22, 2018 00:00 IST

Relook at Bangla trade pact

India and Bangladesh will work on a new free trade agreement as Dhaka has moved up the global per-capita-income hierarchy and is no longer a Least Developed Country (LDC), meaning India's trade concessions that are based on that status will lapse in three years.
Jayanta Roy Chowdhury Mar 22, 2018 00:00 IST

Prop for R-Com asset sale

Bondholders of debt-laden Reliance Communications Ltd (R-Com) have approved the company's asset monetisation plans, including the sale of its wireless assets to Reliance Jio Infocomm (RJio).
Our Special Correspondent Mar 22, 2018 00:00 IST


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