In a move that will complicate the sale process of Essar Steel, NuMetal is learnt to have offered to refinance Odisha Slurry Pipeline Infra's debt, and thereby acquire majority ownership in the company.
CNBC-TV18 learn from government officials that the centre and states have expedited GST related refunds to exporters.
With just a few days to go before the deadline to submit fresh bids for Essar Steel ends, after being rejected in the first round, CNBC-TV18 learns that Numetal- one of the bidders for the company- may come up with a fresh bid and may drop Rewant Ruia from the consortium to ensure it stays eligible in the second round.
CNBC-TV18 understand that AB Group is in talks to sell retail store brand 'More'.
Alkem Laboratories has received 13 observations for one of their major plants when it comes to US business which is the Daman facility and that is around 35-45 percent of the total US operations that they have. However, Alkem as a whole has around 20 percent of total sales going in to the US.
Here are some of the top buzzing midcap stocks picked by CNBCTV18's analysts in trade today. Keep an eye on Jet Airways, Talwalkars, Persistent Systems, and Delta Corp.
Watch accompanying video of CNBC-TV18’s Mangalam Maloo for World View.
Fortis Healthcare announces demerger of its hospital business into Manipal Hospitals. Manipal to also buy majority stake in SRL Diagnostics.
As we wind down financial year 18, CNBC-TV18's Nigel D’Souza focuses on the key events and how the markets have fared in FY18.
Horlicks and Boost together are the leading malt based drinks in India with a 56 percent market share followed by Bournvita, Complan and others.
CNBC-TV18 learns from sources that Indian Hotels will terminate management contract with Taj Boston.
CNBC-TV18 learn from sources that goods and services tax (GST) collections for the month of February are likely to be around Rs 85,000 crore till March 26th.
Talwalkar's is in focus today on the back of them going ex-lifestyle biz today. Mangalam Maloo gives all the details.
CNBC-TV18 learn that the government has tried to allay concerns raised by southern states over the 15th Finance Commission. Government officials say that the terms of the Finance Commission will be fair & balanced.
The civil aviation ministry is in favour of allowing Indian airline companies to raise foreign capital.
Watch accompanying video of CNBC-TV18’s Mangalam Maloo for today's global cues.
All India Confederation of Goods Vehicle Owners' Association calls for indefinite strike.
CNBC-TV18 learn from sources that the goods and services tax (GST) council has constituted a group of ministers (GoM) to examine all aspects for re-introduction of reverse charge mechanism. Watch accompanying video of CNBC-TV18's Timsy Jaipuria for more details.
Canara Bank will soon decide on the sale of Can Fin Homes. It is a hotly contested battle by HDFC and Barings Asia. Nisha Poddar gets the latest details.
As far as acquisition of IDBI- Federal Life Insurance is concerned there are two players – Aditya Birla Sun life Insurance and Max Life Insurance which are likely to the top contenders for this acquisition.
It is a positive news for Cipla. They will be launching Aloxi generic which is used for nausea which is induced due to chemotherapy as an authorised generic in the US. The innovator of the drug will continue to manufacture the drug but Cipla will be marketing that particular drug in the US for them.
CNBC-TV18 learn from banking sources that in Jaypee Infratech's committee of creditors has asked bidders to probably revise their offers.
Watch accompanying video of CNBC-TV18’s Mangalam Maloo for World View.
Fortis Healthcare deal likely has a new structure in place. According to sources the TPG backed Manipal is looking to buy assets from Fortis to avert risks due to a legal tangle and alleged fund diversion.
Central Bureau of Investigation (CBI) raids ongoing at office of 63 Moons, Jignesh Shah's residence. Watch accompanying video of CNBC-TV18's Uttkarsh Chaturvedi for more details.