Essar Oil UK, one of the leading dowstream energy company in the UK running Stanlow Manufacturing Complex refineries, has posted a 4.2 per cent dip in net profit for the financial year 2017-18 as compared to the previous financial year.

The company posted a net profit of Rs 10.37 billion during the period under review, as against Rs 11.25 billion during the year 2016-17.

The country's largest car maker Maruti Suzuki India (MSI) plans to add another 750,000 units manufacturing capacity from three production lines in Gujarat plant by 2020, taking the total capacity to over 2.25 million units a year, a top company official said today.

The company, which already has a market share of over 50 per cent in the domestic passenger vehicle segment, is also initiating process to study ways to further expand production capacity beyond 2.25 million units per annum after 2020.

Korean carmaker Hyundai, the second-biggest player in the Indian market, will drive into a $100-million (Rs 6.9 billion) corporate office in Gurgaon. The two-acre office complex on the outskirts of Delhi is under construction and will be home to about eight hundred company executives from early 2020.

"It was a dream to have our own corporate office as we complete two decades here in India... We will shift to the new office in January 2020.

New Delhi: The merger of Vodafone-Idea seems to have run into a bureaucratic hiccup with the department of telecom seeking legal opinion on the spectrum charges that telecom players need to pay before the deal is cleared.

New Delhi: The merger of Vodafone-Idea seems to have run into a bureaucratic hiccup with the department of telecom seeking legal opinion on the spectrum charges that telecom players need to pay before the deal is cleared.

For the more than 25 crore policyholders of Life Insurance Corporation of India (LIC), the LIC-IDBI Bank headlines are very upsetting. LIC will use up to 13,000 crore of policyholder money to buy up to a 51% stake in IDBI Bank, an asset nobody wants to touch. With stressed assets of 55,588.26 crore and bad loans a huge 28% of the total loan book, IDBI Bank is probably the worst of the bad banks of India.

The weight of expectation is a constant companion for each of the 32 nations in the World Cup. But the pressure, intensity and scrutiny on every English side — magnified manifold by its numerous tabloids — defies logic, as on every outing they are expected to dominate the world, much like their all-conquering colonial predecessors, without a realistic assessment of the team’s capabilities and faults.

Amid reports of lynchings across the country over fake messages on WhatsApp, the government said on Tuesday that it had told the service provider “in no uncertain terms” to take immediate measures to ensure that its platform was not misused.

Incidents of lynching have been reported in Assam, Maharashtra, Karnataka, Tripura and West Bengal by mobs provoked by “irresponsible and explosive messages” on WhatsApp.

NEW DELHI: The stock market which has been been under pressure of late opened in green but flat on Wednesday market.

The 50-share NSE Nifty which had closed 0.1 point below the 10,700-mark on Tuesday, was testing the psychological mark in morning trade. The other benchmark index Sensex was hovering around the 35,400-mark.

MUMBAI: Punjab National Bank moved the debts recovery tribunal (DRT) on Wednesday to recover Rs 7,000 crore which diamantaire Nirav Modi availed through “fraudulent letters of undertaking (LoUs)”.

The recovery plea comes within two days of Interpol issuing a red corner notice against Modi in the multi-crore PNB scam.

MUMBAI: In an act of reconciliation with the Reserve Bank of India (RBI), officiating finance minister Piyush Goyal has indicated that the government was open to addressing the RBI’s grouse of not having powers to regulate public sector banks. This is a climbdown from its earlier position when the finance ministry insisted that the central bank had adequate powers.

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