Business

The statement comes on the day when a panel constituted by NGT to decide Vedanta's plea challenging closure of its copper plant at Tuticorin told the green panel that the shutdown was not sustainable as it was "against the principles of natural justice".

Forex traders said besides increased demand of the US currency from importers, the dollar's strength against some currencies overseas weighed on the rupee but a higher opening of the domestic equity markets capped the losses.

In a tweet on Tuesday, the fair trade regulator said it has approved "acquisition of up to 51 per cent equity share capital in IDBI Bank Ltd by Life Insurance Corporation of India".

The latest strategic sale plan follows the decision by the ministerial panel in June to make Air India competitive, by way of cutting down debt and raising resources by selling land assets and other subsidiaries.

Saxena said the sale of Khadi products grew at an average rate of 6.68 per cent per annum during 2004 to 2014, but it grew at the rate of 37 per cent in the last four years.

The new EMV card comes with more security features and is considered to be less vulnerable to frauds.

Flipkart Co-founder Binny Bansal had alleged in his complaint that the woman was sending threatening mails to him.

The lowest number of 2.36 lakh subscribers were added to the EPFO schemes in the month of March this year.

The roll-out of GST was also cited as a contributor to the improved operating environment with those optimistic about the reform doubling on 2017, overturning initial caution around its implementation in the last year's report, the UKIBC's Ease of Doing B...

Aggrieved by ArcelorMittal's resolution plan, GAIL and GETCO filed separate interlocutory applications in the Ahmedabad-bench of NCLT saying they have claims of over Rs 1,800 crore against Essar Steel India, which are not being fully cleared.

The RBI board meeting is more about one institution's autonomy versus the other's allegation of tardy work.

On a quarterly basis, however, their performance was somewhat better as they narrowed down their losses by about Rs 2,000 crore to Rs 14,716.2 crore in the said quarter from Rs 16,614.9 crore in April-June 2018.

The numbers for the reported quarter include results for Idea Cellular up to August 30, 2018 and for Vodafone Idea from August 31 to September 30 and hence these are not comparable to the earlier period, Vodafone Idea said in a statement.

The rise in the rupee was also supported by dollar-selling by exporters and banks and the US unit's weakness against some currencies overseas, traders said.

The company had posted a net profit of Rs 334.25 crore during the same period of the previous fiscal.

In terms of investments in the Indian start-ups, Chinese firms have predominantly focused on e-commerce, followed by transportation and fintech, with majority of the biggest deals in late-stage e-commerce sector, said the report.