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IndiGo aircraft crossed the runway, and entered another taxiway where a Jet Airways plane was stationed.

Business

InterGlobe to seek shareholders' nod for giving loans

Company would seek nod for extending travel benefits to the non-executive independent directors.

14 Oct 2017 6:46 AM GMT

Idea said it plans to extend its 4G services to 20 circles across India by FY2017 after the board approved an additional Rs 1,000 cr capital expenditure to build its infrastructure.

Business

Idea shareholders approve scheme of merger with Vodafone India

Deal gives Vodafone India an implied enterprise value of Rs 82,800 crore and Idea Rs 72,200 crore.

13 Oct 2017 9:44 AM GMT

Vodafone confirms that it is in discussions with the Aditya Birla Group about an all share merger of Vodafone India (Photo AFP)

Business

Vodafone merger: Idea shareholders, creditors meeting on Oct 12

Deal gives Vodafone India an implied enterprise value of Rs 82,800 crore and Idea Rs 72,200 crore.

8 Sep 2017 2:53 PM GMT

Company has already received shareholders nod for the sale of hotels in Delhi/Chennai in September 2016.

Business

No final pact with anyone to sell Chennai hotel: Hotel Leela

Shares of Hotel Leelaventure were trading at Rs 24.05 per scrip in the afternoon trade on BSE.

5 Sep 2017 8:39 AM GMT

ArcelorMittal India Pvt Ltd submitted a plan to Indias NCLT, which deals with insolvency and company disputes, on Feb 12 to bid for Essar Steel in partnership with Nippon Steel.

Business

ArcelorMittal wins bids to buyout Essar Steel

ArcelorMittal has been chosen by lenders to takeover debt-laden Essar Steel for about Rs 42,000 crore.

26 Oct 2018 8:00 AM GMT

Business

Ruias offer Rs 54,389 crore to retain Essar; ArcelorMittal opposes

The fresh offer for settlement by Essar Steel has been made under Section 12A of the IBC.

26 Oct 2018 4:45 AM GMT

Business

Essar Steel shareholders offer to pay Rs 54,389 cr to clear all dues...

The CoC is empowered to consider and approve this Settlement Plan with the requisite voting share.

25 Oct 2018 12:13 PM GMT

MTNL, in a bold move, has approached the government seeking allotment of 4G spectrum.

Business

MTNL gets shareholders' nod to raise share capital 12 times to Rs...

The resolution to raise the borrowing powers of the board from Rs 18,000 crore to Rs 25,000 crore was passed as a...

12 Oct 2018 12:58 PM GMT

IDBI shares fell as much as 3.5 per cent to 73.6 rupees.

Business

LIC makes Rs 12,602 crore open offer for IDBI stake

LIC came out with an open offer for acquiring 26 per cent equity in IDBI Bank at a price of Rs 61.73 per share.

5 Oct 2018 5:48 AM GMT

The Reserve Bank last month put IDBI Bank under watch by initiating Prompt Corrective Action against it.

Business

IDBI board approves issuance of preferential shares to LIC

The government has already approved the proposal of LIC to increase the stake in IDBI Bank.

4 Oct 2018 9:33 AM GMT

State-owned Central Bank of India, one of the key shareholders of debt-ridden IL&FS Ltd, is unlikely to participate in the proposed Rs 4,500 crore rights issue of the company, according to sources.

Business

Central Bank of India may not participate in rights issue of IL&FS

Central Bank of India had 7.67 per cent stake in IL&FS at the end of March 2018.

3 Oct 2018 2:23 PM GMT

$Tamil Nadu govt this week ordered the state Pollution Control Board to seal and \permanently\ close the Vedanta groups copper plant in Tuticorin.$ Business

Vedanta shareholders back London delisting amid protest

The cancellation of the listing was confirmed at a final London shareholders' meeting.

2 Oct 2018 3:36 AM GMT