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Essar Steel lenders argue against promoter Ruias' offer, want it dismissed

Essar Steel lenders argue against promoter Ruias' offer, want it dismissed

The committee of creditors (CoC) to insolvent Essar Steel argued before the bench here of the National Company Law Tribunal that the offer made by the company's promoters, the Ruias, was "not maintainable" and wanted it dismissed. Their counsel, Ravi Kadam, also requested day-to-day hearing of the matter. The case was deferred to December 10, as one of two on the bench was on leave.

TVS Motor Chairman Venu Srinivasan gets bail in idol theft case connection

TVS Motor Chairman Venu Srinivasan gets bail in idol theft case connection

The Madras High Court granted anticipatory bail to TVS Motor Chairman Venu Srinivasan on Wednesday in connection with the alleged idol theft case in Tamil Nadu.

Srinivasan's name was mentioned in a first information report (FIR) by the local police. The case was then transferred to the Idol Wing of the Crime Branch-Central Investigation Department. The FIR accused him of replacing a century-old peacock idol at Chennai’s Kapaleeswarar temple with a fake one.

Air India plane hits building at Stockholm airport, no causalities reported

Air India plane hits building at Stockholm airport, no causalities reported

An Air India plane carrying 179 passengers struck a building at Stockholm's Arlanda airport with its wingtip as it taxied to gate on Wednesday, but no injuries were reported, police said.

"The 179 passengers could disembark from the plane on a mobile staircase and thereafter enter the terminal," police wrote in a statement.

1984 anti-Sikh riots: Delhi HC upholds conviction of 88 accused in case

1984 anti-Sikh riots: Delhi HC upholds conviction of 88 accused in case

The Delhi High court on Wednesday upheld the the conviction of 88 people by a trial court in connection with 1984 anti-Sikh riots in East Delhi's Trilokpuri area.

Last week, a Delhi court awarded death sentence to an accused and life imprisonment to another in the 1984 anti-Sikh riots case.

Delhi CM Kejriwal suspends top bureaucrat over missing wheat, rice stocks

Delhi CM Kejriwal suspends top bureaucrat over missing wheat, rice stocks

Chief Minister Arvind Kejriwal Wednesday ordered the suspension of Delhi's food and supplies commissioner over alleged irregularities in ration system, Food minister Imran Hussain said.

The orders of the food commissioner's suspension have been sent to Lt Governor Anil Baijal, Hussain said at a press conference here.

Nifty IT index gains 5% in three days; TCS, Infosys up over 4% in intra-day

Nifty IT index gains 5% in three days; TCS, Infosys up over 4% in intra-day

Shares of information technology (IT) companies are trading higher for the third straight session, with the Nifty IT index gaining 5% so far during this period on value buying.

Tata Consultancy Services (TCS) and Infosys, from the index, are up 4% each at Rs 1,961 and Rs 663, respectively. NIIT Technologies, Mindtree, Tata Elxsi, Tech Mahindra and HCL Technologies are up in the range of 1% to 3% on the National Stock Exchange (NSE).

India won't participate in SAARC meet in Pakistan, says Sushma Swaraj

India won't participate in SAARC meet in Pakistan, says Sushma Swaraj

External Affairs Minister Sushma Swaraj on Wednesday said India would not participate in the South Asian Association for Regional Cooperation (SAARC) summit in Pakistan.

She was responding to a question on Pakistan invitation to Prime Minister Narendra Modi to visit Pakistan for the summit. We are not responding to it positively, she said at a press conference in Hyderabad, where she arrived for campaigning for the Telangana Assembly elections.

Petrol price dips below Rs 74 mark for the first time in over 6 months

Petrol price dips below Rs 74 mark for the first time in over 6 months

Petrol price Wednesday fell below Rs 74 per litre mark for the first time since April as the six-week long price reduction spree wiped off all of the massive price hikes witnessed in petrol and diesel rates earlier this year.

Petrol price in Delhi was cut by 50 paisa to Rs 73.57 per litre, according to a price notification issued by state-owned fuel retailers. This is the lowest petrol price since April.

RIL's arm acquires substantial stake of Rs 10.3 mn in media startup NEWJ

RIL's arm acquires substantial stake of Rs 10.3 mn in media startup NEWJ

Reliance Industries arm has acquired substantial stake in media startup New Emerging World of Journalism (NEWJ) with an initial investment of Rs 10.3 million.

As initial tranche, RIIHL (Reliance Industrial Investments and Holdings Limited) has subscribed to 30,000 equity shares and 125 compulsory convertible debentures for total cash aggregating to Rs 10.3 million and consequently NEWJ has become subsidiary of RIIHL and the company, RIL said in a late regulatory filing on Tuesday.

Dr Reddy's launches blood pressure drug chlorthalidone tablets in US mar

Dr Reddy's launches blood pressure drug chlorthalidone tablets in US mar

Dr Reddy's Laboratories Wednesday said it has launched chlorthalidone tablets, used to treat high blood pressure, in the US market.

Dr Reddy's Laboratories Ltd launched Chlorthalidone tablets USP in the strengths of 25 mg and 50 mg, a therapeutic equivalent generic version of Hygroton tablets, Dr Reddy's Laboratories said in a BSE filing.

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