Indian giant Tata Steel pledged to stay in Britain with a 10-year commitment to a one-billion-pound investment plan as part of crucial talks with steelworkers unions to save thousands of jobs in the UK.
The Indian steel giant offered a number of guarantees to its staff at Port Talbot steelworks in south Wales, ...Read More..
The Reserve Bank of India (RBI) on Wednesday kept its key lending rate —the repo rate—unchanged at 6.25 percent dashing hopes of lower borrowing costs arresting the demonetization-induced slide in spending and investment.
The six-member monetary policy committee (MPC) headed by RBI Governor Urji ...Read More..
Oil soared more than 10 percent on Wednesday to over $50 a barrel and its highest in a month as some of the worlds largest producers agreed to curb production for the first time since 2008 in a bid to support prices.
Crude prices rose nearly 5 percent for the month. However, they are unlikely to skyrocket further in r ...Read More..
Wind turbine maker Suzlon Group has bagged an over 50 MW wind power project in Anantapur, Andhra Pradesh.
Suzlon, a leading global renewable energy solutions provider, today announced winning this order from a leading business house.
The project consists of 24 units of S95 90m tubular tower with rated capacity ...Read More..
S&P Global Ratings today said the continuing discord between the shareholders of Tata Group holding firm Tata Sons Ltd, has created uncertainty at the board level for group companies and could lead to slow decision-making in these entities.
Expecting the group companies to be all professionally managed, the US-bas ...Read More..
With a move to managing the excess liquidity in the system banking regulator Reserve Bank of India announced on Saturday that it would absorb a part of this extra cash by applying an incremental cash reserve ratio (CRR) as a purely temporary measure.
The CRR remains unchanged at 4 percent of outstanding net demand and ...Read More..
The government may impose curbs on domestic holdings of gold as Prime Minister Narendra Modi intensifies a fight against black money, news agency NewsRise reported, citing an unnamed finance ministry official.
NewsRise did not provide further details. A finance ministry spokesman declined to comment on the report.... Read More..
Indian energy giant Adani Group has struck land deals in Australia to build two solar plants collectively valued at USD 300 million in a bid to develop 1,500 MW renewable capacity in five years, even as a court today dismissed appeals against its USD 16 billion coal and mine project.
The contraction of AUD 200 million ...Read More..