BUSINESS
JSW Steel eyes distressed downstream assets
The move complements its strategy to increase share of downstream products in its portfolio
BUSINESS
NCLAT nod for UltraTech opens up possibilities in other insolvency cases, including Essar Steel
The order opens up the debate over what is bigger - the process or maximization of value
BUSINESS
Essar Steel auction: 29 operational creditors move NCLT against ArcelorMittal's offer
They allege operational creditors have not been given their due in the ArcelorMittal offer
BUSINESS
Arvind Kathpalia issue: Pilots ask for leaner breath analyser test, cite global standards
In most of the developed world, the threshold for alcohol is up to 0.04 percent of blood alcohol concentration.
BUSINESS
Mumbai, Delhi see fall in number of private jets, helicopters; smaller cities gain
While Greater Mumbai still had the maximum number of business aviation aircraft -- 130 -- the number was still 4 less than in 2016
BUSINESS
Tata Steel gets PE interest for its South East Asian units; gets valuation of $500m
The two units in South East Asia will be sold together.
BUSINESS
JSW Steel charts three-phase turnaround plan for Monnet Ispat
JSW Steel, along with Aion Investments, had acquired Monnet in September
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
ArcelorMittal chosen 'successful applicant' by Essar Steel lenders
The lenders on Friday morning issued a letter of intent to ArcelorMittal.
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
