The power ministry has asked state-run NTPC to bid for potentially viable projects in the National Company Law Tribunal (NCLT) and acquire them if the prices are attractive.

Power minister RK Singh told FE that he had asked NTPC to take a look at all the plants undergoing the CIRP process. “I have asked them to identify the ones with good machinery,” Singh said.

Hyundai Motor India (HMI), the country’s second-largest automaker, expanded its profits by 21.5% to Rs 2,582 crore in the previous fiscal. The profit growth is much better than that of market leader Maruti Suzuki, which reported a 3% decline to Rs 7,500 crore for the year ended March 31, 2019.

A product mix which includes high-segment cars like Creta and next gen Verna ensured a healthy profit growth in FY19. Hyundai also relaunched hatchback Santro in October 2018.

Thomas Cook, the world's oldest travel firm, collapsed on Monday, stranding hundreds of thousands of travellers around the globe and launching the biggest peacetime repatriation effort in British history.

Thomas Cook has entered into compulsory liquidation. Speaking on the crisis, Thomas Cook CEO said, "I apologise".

Following the central government's recent move to slash corporate tax rates, domestic equity indices continued to rise on Monday, signalling a healthy gain in the market and cheering investor sentiments. At 11:20 AM, the BSE SENSEX index surged 1,126.85 points in early trade to stand at 39,141.47, while the NSE NIFTY 50 crossed the 11,600 mark, indicating a 339.35 point increase.

Taking the stage during the gala-event of 'Howdy Modi!' at NRG stadium that was attended by more than 50,000 people gathered there to witness two great world leaders, US President Donald Trump that the ties between India and USA are stronger than ever, marked by dedicated deals in various sectors, including defence.

Ever since Amazon.com Inc. bought Whole Foods in 2017 for $13.7 billion, shoppers and investors alike have wondered how the e-commerce giant would integrate the upscale grocer into its sprawling online operation. Now, after two years of tinkering, Amazon is betting big on quick delivery from Whole Foods.

New Delhi: Chandrayaan 2 orbiter continues to perform the mission to complete satisfaction while experts are still analysing the communication loss with Vikram lander, informed Indian Space Research Organisation (ISRO) on Thursday.

Corporate loan is likely to pick up from October due to the sharp cut in corporate tax rates and festive season sales, State Bank of India’s deputy managing director Sujit Kumar Varma said on Friday.

Varma said in first two quarters of the current fiscal, the loan growth was mainly driven by retail credit, while there was a negative growth in corporate loan. Private sector investment was largely muted in the last 12-18 months.

Chennai-based TVS Motor Company has been granted a patent for a hybrid three-wheeler that is low-cost and will help reduce fuel consumption, besides improving driving performance. The hybrid three-wheeler comprises an electric motor coupled with an internal combustion engine, which occupies less space and is easy to assemble as well as service. TVS Motor in 2017 had secured a similar patent for hybrid two-wheeler.

Equity indices surged by over 5 percent to record highs as Finance Minister Nirmala Sitharaman slashed corporate taxes and announced a Rs 1.45 lakh crore stimulus to shore up growth and investments.

The development came ahead of a crucial meeting of the Goods and Services Tax (GST) Council on whether or not to cut rates for sectors like automobile, tourism, FMCG and others which have witnessed slowdown due to economic slump.

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