As a member of the High Power Group (HPC) set up by Gujarat government for evaluating the options to ensure sustained operations of stressed imported coal-based power projects in its coastal region, one question that I am always asked after recent Supreme Court order is whether this provides a template for resolving the problems of all stressed power projects.

Coal India has received a lukewarm response from its employees after its stocks were offered to them at a discount.

This comes after its stake sale offer in the open market got a tepid response — only 0.19 per cent oversubscription option was exercised despite provisioning a 6 per cent green-shoe option.

With digital services emerging as the next growth driver for information technology (IT) services firms, quality of revenue is taking precedence over quantity, leading to a fair amount of rationalisation of customers.

This trend is reflected in the active customer base of Indian IT services firms, which grew at a tepid pace for the last three years despite healthy additions of clients every quarter.

The benchmark indices posted their third straight weekly gains, after investor sentiment improved following a sharp drop in crude oil prices.

Stability in the rupee saw foreign institutional investors (FIIs) turn net buyers on all five trading sessions of the week.

German luxury carmaker Mercedes-Benz Friday launched new CLS model with a starting price of Rs 84.70 lakh (ex-showroom, all India).

The third generation CLS is powered by a new two-litre BS VI compliant diesel engine with power of 180 kw, the company said in a statement.

Loss-making national carrier Air India plans to mop up Rs 700-800 crore by selling over 70 residential and commercial properties spread across the country, a senior airline official said on Thursday.

This fresh bid is a part of the airline’s real estate assets monetisation plan approved by the then UPA Government in 2012.

Overwhelmed with the response for the first tranche of highway projects under the toll-operate-transfer (TOT) model, union minister for roads and highways Nitin Gadkari Thursday said he expects the second tranche to fetch over Rs 10,000 crore.

The maiden bundle of nine highway projects under TOT was a huge success, which was over subscribed and had fetched NHAI Rs 9,681 crore.

New Delhi: All telecom operators, except Reliance Jio, failed to meet call drop benchmark in drive test conducted by sector regulator Trai on different highway and rail routes, says a report.

According to a Trai report published on Thursday, while network performance of telcos differed on highways, none of them, except RJio, could meet call drop benchmark on the three rail routes covered under the test.

Mahindra & Mahindra on Friday said it will increase price of its newly launched multi-purpose vehicle (MPV) Marazzo by Rs 30,000 to Rs 40,000 from January 1, 2019.

The Marazzo was launched in September with introductory prices starting at Rs 9,99,000 and going up to Rs 1.39 million, depending on variants.

New Delhi: Holders of Infosys Ltd’s American Depositary Shares (ADSs) have complained that the company’s issue of bonus ADSs in September has added to their cost of owning the securities without any concomitant benefits. They have, in a letter to Infosys’s chief financial officer M.D. Ranganath, asked the Bengaluru-based company to review its ADS programme and refund over $3.7 million to its ADS holders in depository fees collected by the firm on account of issuing new securities.

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