BUSINESS
JSW Steel invests Rs 350 crore in pipe conveyor projects, will save on logistics cost
The two pipe conveyor projects will transport ore from the mines to the company's plant in Karnataka
BUSINESS
Welspun Corp's international operations puts it in good stead
Most of its record order book is for its facilities in the US and Saudi Arabia
BUSINESS
EU probe on Tata Steel-thyssenkrupp JV could lead to sale of assets
The probe will check if the JV will reduce competition in the European steel market
BUSINESS
SBI asks NCLT to withdraw insolvency proceedings against Uttam Galva Steel
ArcelorMittal, in its bid for Essar Steel, had paid off debts of Uttam Galva.
BUSINESS
IndiGo had a busy second quarter, and its peers are not amused
With 20 more aircraft, IndiGo's fleet now stands at 189 planes, much higher than Jet Airways' 124 and SpiceJet's 61.
BUSINESS
In Jet Airways, N Chandrasekaran sees his vision for Tata's aviation business taking flight
Jet Airways has a considerable presence on the ground with its 124 aircraft that do nearly 700 flights a day
BUSINESS
After selling education business, Cox & Kings plans to maximise value of hotels vertical
Late last week, the company sold its education business in a Rs 4,378 crore deal.
BUSINESS
Ajay Piramal sees short-term pain for NBFCs, stresses worst is over
"Stronger NBFCs should do better in the medium term. Demand for loans exists," says Piramal.
BUSINESS
Twist in the tale! Essar Steel promoters offer to pay Rs 54,389 crore dues, seek withdrawal from IBC
The plan includes upfront cash payment of Rs 47,507 crore to all creditors and Rs 45,559 crore to senior secured financial creditors.
BUSINESS
Rahul Bhatia blames competition as low fares eat into IndiGo's profits
The company reported a loss of Rs 651.2 crore in the second quarter, hurt by high costs and low fares
BUSINESS
IndiGo's market share improves to 42.4% in Q2: DGCA
Ajay Singh-promoted SpiceJet, however, recorded the highest passenger load factor, which is a measure of average occupancy on flights
BUSINESS
Essar Steel auction: Banks ask ArcelorMittal to hike offer by nearly Rs 4,000 crore
The new development has delayed a scheduled voting of lender on ArcelorMittal's previous offer
BUSINESS
Welspun India sees growth taking off in the second half of FY19
The company saw its revenue in the second quarter increase by 10.29 percent to Rs 1,797.79 crore, from Rs 1,629.93 crore a year earlier
BUSINESS
Facing liquidity crunch, SpiceJet took one-time relief for payment of lease
SpiceJet's peers Jet Airways and IndiGo are also facing strong challenges in a market that is marked by huge demand but constrained by poor infrastructure and intense competition keeping fares low.
BUSINESS
Vistara's FY18 revenue jumps over 50%; loss narrows
The airline joint venture between Tata Sons and Singapore Airlines, has narrowed its losses to Rs 431 crore in the 2018 FY, from Rs 518 crore a year earlier
BUSINESS
Jet Airways stake sale: Investors keen, but talks stuck over Naresh Goyal's role
Apart from the Tatas, Delta Airlines has also held talks with Jet Airways for a possible stake buy. But both of the prospective investors want to take over the control from Naresh Goyal
BUSINESS
ArcelorMittal emerges favourite for Essar Steel; deadline to pay dues expires today
The LN Mittal-led company on Wednesday paid off dues of Uttam Galva Steel and KSS Petron
BUSINESS
Essar Steel auction: ArcelorMittal approves payment of Rs 7,469 cr to clear dues
The company had earlier offered to pay Rs 4,554 crore to clear dues of Uttam Galva Steel and KSS Petron
BUSINESS
SpiceJet's air cargo unit SpiceXpress looks to increase capacity, reach
The company aims to eventually service up to 150 destinations in India, Asia and Europe by 2022
BUSINESS
Bhushan Power & Steel auction: All eyes now on Oct 22 hearing on Tata Steel petition
Tata Steel had moved NCLAT in April against the decision to consider Liberty House's bid. Separately, JSW Steel's bid got more than 90 percent of the votes of lenders
BUSINESS
JSW Steel takes the lead in Bhushan Power & Steel race
But this may not be the end of the auction, as Tata Steel and Liberty House could still put in revised bids
BUSINESS
Essar Steel auction: ArcelorMittal offers Rs 4,554 cr to settle Uttam Galva, KSS Petron dues; had earmarked Rs 7,000 cr
The Supreme Court, in its October 4 order, had asked ArcelorMittal and Numetal to clear the dues within two weeks
BUSINESS
Lenders to vote on offers for Bhushan Power & Steel
The voting will begin at 4pm on October 15, and will last till 4 pm on October 17
BUSINESS
Moody's rating change of Thyssenkrupp a concern for Tata Steel JV
The rating change comes after Thyssenkrupp split its business
