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.
Punjab National Bank (PNB) plans to honour all letters of undertaking and foreign letters of credit and that news has been confirmed by the bank.
The largest shareholder in both Ola and Uber, Japanese giant SoftBank is calling for a merger between both the cab hailing companies in India. Sources tell CNBC-TV18's Priya Sheth that Ola and SoftBank are actively pursuing this merger.
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'.
The government proposes to tweak the new NPA framework and are in talks with the banking regulator the Reserve Bank of India, reports CNBC-TV18 quoting sources.
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.
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.
The government is likely to retain a clause where it expects anybody who wins the bid for the airline to retain its employees for at least one year and then offer a voluntary retirement scheme to the employees, say sources
CNBC-TV18 learns from sources that Indian Hotels will terminate management contract with Taj Boston.
The Supreme Court (SC) observes user data is commercially sensitive and can be exploited. CNBC TV-18's Ashmit Kumar has more details.
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 Sebi board will be meeting in Mumbai tomorrow. Yash Jain gives details on what is the likely agenda.
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.
Higher taxation on hybrid vehicles post goods and services tax (GST) is turning out to be a cause of concern for carmakers. So much so, that Maruti Suzuki India is now deferring its plans to launch its first fully hybrid vehicle.
CESC stock up 7 percent as it gets requisite approval from NTCL for proposed demerger. Watch CNBC TV-18's Nimesh Shah giving more details on why CESC stock is buzzing in trade today.
Even as the tussle between Connaught Plaza Restaurants Pvt. Ltd (CPRL's) Vikram Bakshi and McDonald's India continues in the courtroom, CNBC TV-18 learn from sources that McDonald's India private limited has been working on re-building its brand in the country.
All India Confederation of Goods Vehicle Owners' Association calls for indefinite strike.