Income Tax Dept carried out searches at the offices of GMR group at several locations spread across the country suspecting possible tax evasion.
Essel Group is stepping away from IVRCL, an infrastructure company in which he expressed a keen interest just a few months ago.
India’s largest power, steel and ironore mining companies are joining hands to set up a power project in Uttar Pradesh to meet the electricity needs of NMDC.
As many as 50 lakh shares of SKS Microfinance, constituting 6.83% of its total paid-up capital, have changed hands on Tuesday on BSE.
The hike in diesel price may push up inflation in the short run but the government's move is expected to help contain fiscal deficit, leading to gains in the long run.
PMEAC Chairman Dr C. Rangarajan said FDI in multi-brand retail would affect small traders, who need to become part of the modern retail change story.
India's largest iron ore producer NMDC is appointing a global consultant to help arrive at more stable pricing formula.
Steel ministry views that the domestic steel industry will not face shortage of iron ore & hopes to meet the production targets, said steel secretary DRS Choudhary.
"The DCHL promoters have proposed to clear the outstanding dues of around Rs 18 cr in four monthly instalments starting from Oct," a person close to the development said.
An induction into CDR would have helped the company reduce the interest rate on its loans and stretched the loan repayment period.
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