In a first ever exercise; the government would draw mine wise plans for Coal India to achieve one billion tonne production by 2019.
ONGC Videsh Ltd, foreign arm of Oil and Natural Gas Corporation, is likely to soon acquire stakes in two Russian oilfields, Vankor and Yurubcheno-Tokhomskoye.
Air India has tied up with the National Buildings Construction Corporation for monetising its land parcels. The national carrier had made a three-year plan to monetise assets worth Rs50bn by March 2016 and funds raised would be used to retire debt.
After Madhya Pradesh, Essel group plans to develop smart cities in West Bengal in collaboration with the state and central government. The project will be developed under Public Private Partnership model.
Following the US import alerts from the USFDA, the European Union has banned imports from aRanbaxy Laboratories factory unit in Dewas in Madhya Pradesh which makes injectable antibotics.
Bharat Heavy Electricals said it has commissioned the sixth unit of 412 MW Rampur hydel power project in Himachal Pradesh.
Axis Bank said it had raised Rs57.05bn by selling infrastructure bonds. The 10-year senior unsecured redeemable non-convertible debentures were priced at 8.85% a year, payable annually. (ET)
HDFC Bank has become the first bank to rule out a joint venture partnership with any applicant for a payment bank. (BS)
Essar Steel plans to invest Rs15bn over the next one year. The company intends to complete the second phase of a 6mtpa pellet plant at Paradeep in Odisha and take up a 1.35mtpa coke oven plant at Hazira, Gujarat.
Even after witnessing three years of muted growth in the steel sector, JSW Steel is set to continue its expansion. The company has lined up investments worth Rs70-80bn every year towards capacity addition. (BL)
Ashiana Housing will mark its entry into the Chennai's realty space by launching residential projects, one of them targeted at senior citizens.
Patel Engineering has sold a 4-acre plot in Mumbai's central business district for about Rs3bn as part of plans to sell assets to reduce debt.
Dena Bank plans to sell Rs4-5bn of bad loans to asset reconstruction companies in the last quarter of the fiscal, a senior bank official said.
Government's 5% stake in SAIL can raise Rs15-17bn for the exchequer in the first disinvestment under the new regime.
ONGC Videsh Ltd, foreign arm of Oil and Natural Gas Corporation, is likely to soon acquire stakes in two Russian oilfields, Vankor and Yurubcheno-Tokhomskoye.
Air India has tied up with the National Buildings Construction Corporation for monetising its land parcels. The national carrier had made a three-year plan to monetise assets worth Rs50bn by March 2016 and funds raised would be used to retire debt.
After Madhya Pradesh, Essel group plans to develop smart cities in West Bengal in collaboration with the state and central government. The project will be developed under Public Private Partnership model.
Following the US import alerts from the USFDA, the European Union has banned imports from aRanbaxy Laboratories factory unit in Dewas in Madhya Pradesh which makes injectable antibotics.
Bharat Heavy Electricals said it has commissioned the sixth unit of 412 MW Rampur hydel power project in Himachal Pradesh.
Axis Bank said it had raised Rs57.05bn by selling infrastructure bonds. The 10-year senior unsecured redeemable non-convertible debentures were priced at 8.85% a year, payable annually. (ET)
HDFC Bank has become the first bank to rule out a joint venture partnership with any applicant for a payment bank. (BS)
Essar Steel plans to invest Rs15bn over the next one year. The company intends to complete the second phase of a 6mtpa pellet plant at Paradeep in Odisha and take up a 1.35mtpa coke oven plant at Hazira, Gujarat.
Even after witnessing three years of muted growth in the steel sector, JSW Steel is set to continue its expansion. The company has lined up investments worth Rs70-80bn every year towards capacity addition. (BL)
Ashiana Housing will mark its entry into the Chennai's realty space by launching residential projects, one of them targeted at senior citizens.
Patel Engineering has sold a 4-acre plot in Mumbai's central business district for about Rs3bn as part of plans to sell assets to reduce debt.
Dena Bank plans to sell Rs4-5bn of bad loans to asset reconstruction companies in the last quarter of the fiscal, a senior bank official said.
Government's 5% stake in SAIL can raise Rs15-17bn for the exchequer in the first disinvestment under the new regime.
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