The Indian Oil Corporation (IOC) has put national carrier Air India on “cash and carry” mode which means that the cash-strapped airline will have to make daily payments for aviation turbine fuel in or

The government on Monday fixed the issue price of state-owned Shipping Corporation (SCI) follow-on offer at `140 a share that will help raise around `1,160 crore, a part of which would be used to fund

The government has begun the process for selecting chiefs of at least eight public sector banks, including the country’s biggest lender SBI, where the top position would fall vacant in the next fiscal

City-based advisory firm, Sathguru Manage-ment Consultants, said they will set up a venture fund with an initial corpus of about `450 crore. According to its chairman, Mr Kannan Vijayaragh-avan, the c

The government on Friday said it has issued show-cause notice to NSL Nagapatnam Power
and Infratech Pvt Limited, asking it to explain why the coal block allocated to it should not be taken back after

Central Transmission Utility PowerGrid Corp on Friday said it has lowered its capital expenditure estimate to `11,900 crore for the current fiscal, mainly due to delay in commissioning of power genera

Hyderabad-based IVRCL Infrastructures & Projects Limited (IVRCL) on Monday said its water and buildings divisions has won orders worth `500.49 crore. The company’s water division bagged the highest `2

The All-India Bata Shop Employees’ Union on Monday alleged that the company management was resorting to unfair labour practices.“The Bata management since 2007 has resorted to unfair labour practices

A high level inter-ministerial panel has decided to approve an airport in the Mundra Port and SEZ Ltd at Mundra in Gujarat, subject to the developers meeting the tough regulatory norms which go agains

A Parliamentary panel has asked the government to establish a single regulator with quasi- judicial mandate for settling disputes for all the ports.Suggesting the amendments to the Major Port Trust Ac