Through a Larsen & Toubro (L&T) application, operational creditors to Bhushan Steel have got a window of hope at the National Company Law Appellate Tribunal (NCLAT) on their dues to the insolvent company.

The appellate body has agreed to hear the L&T petition on its Rs 9.62 billion of dues from Bhushan Steel. The case will be heard on Tuesday. Bhushan Steel was taken over by Tata Steel last week, after a protracted process under the insolvency law, involving some controversy.

An Air India plane from Goa with 143 passengers onboard made an emergency landing here after a hydraulic failure, a spokesperson fro the airline said.

A full emergency was declared at the airport at 8.36 PM as flight AI 662 made the emergency landing. "It landed safely with 143 passengers onboard," the spokesperson said.

Anil Ambani’s Reliance Communications share price skyrocketed 65% on last Thursday on media reports that the company was mulling out-of-court settlement with Swedish communications firm Ericsson. But RCom stock pared the gains on Friday when a Reuters report said that the settlement deal looked unlikely. Subsequently, RCom shares tumbled 9.37% intraday to Rs 15.

After Steven Yang left his coveted job at Google, he asked his mother whether he should take venture-capital money to fund his business idea.

If his online consumer-electronics enterprise was a risky bet, she told him, go with the venture capitalists. But if building the business into something great was his destiny, he instead should use her money from a pharmaceutical career in China.

L&T Hydrocarbon Engineering in consortium with TechnipFMC has bagged two orders from Hindustan Urvarak and Rasayan Ltd for setting up two fertilizer plants. “L&T Hydrocarbon Engineering (LTHE), a wholly owned subsidiary of… Larsen & Toubro Ltd, in consortium with TechnipFMC, has won two significant orders from Hindustan Urvarak and Rasayan Ltd (HURL), a joint venture company of IOCL, NTPC, CIL, FCIL and HFCL,” Larsen and Toubro (L&T) said in a BSE filing.

Shares of Ashok Leyland have declined nearly 10% to Rs 133.75, extending their 4% fall on the BSE on Friday, on concerns of truck volume growth in current fiscal on account of a partial overloading ban relaxation in Uttar Pradesh (UP) from last month.

In the past two weeks, Ashok Leyland has underperformed the market by falling over 18% as compared to 1.2% decline in the S&P BSE Sensex. The stock hit a record high of Rs 168 on May 8, 2018 in intra-day trade.

Korean car maker Hyundai, the second-biggest player in the domestic car market, expanded its profit by six per cent in the 2017 calendar year (CY) to Rs 22 billion. The profit increase is identical to market leader Maruti Suzuki's, which saw a five per cent increase in profit for the year ended March 31, 2018. Hyundai’s sales revenue also grew by six per cent in 2017.

Sensex, Nifty on Monday started trade on choppy notes, erasing early gains. The benchmark BSE Sensex, at 9:21 AM, was up by 49.29 points to trade at 34,905.67 while Nifty was at 10,607.00. Pharma and auto stocks witnessed weaknesses, the shares were down by 0.8 per cent. Sun Pharma, Maruti Suzuki India and Cipla - trading around 1-2 per cent lower - were among the top losers on the 50-scrip Nifty index.

Tata Consultancy Services (TCS) hit a record high of Rs 3,585, up 2.4% on the BSE in otherwise subdued market, after information technology company fixed Saturday, June 2, 2018 as the record date for determining the entitlement of members to receive bonus shares in the ratio of 1:1.

Tata Power Ltd and Actis LLP are in separate talks to buy the solar power business of Subhash Chandra’s Essel Infraprojects Ltd, two people aware of the development said.

The interest from the Indian power producer and the UK-based private equity fund makes it a four-horse race for Essel’s solar power assets which are spread across Uttar Pradesh, Odisha and Karnataka. Greenko Group and Hero Future Energies Pvt. Ltd are already vying for these assets.

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