India’s Oil and Natural Gas Corp., which once had $4.3 billion of funds, is now bleeding cash. The state-run company’s cash reserves have shrunk by more than 90 percent in the past year, after it was ordered to purchase the administration’s stake in a refiner and it paid a record dividend. ONGC’s reserves dropped to about 10 billion rupees ($148 million) as on March 31 from nearly 130 billion rupees a year earlier, according to data compiled by Bloomberg.

Coal India today refuted Nabha Power Ltd’s claim that it was unable to supply enough coal to a 700 MW plant in Punjab, forcing its recent shutdown. The L&T group company had closed the unit in Rajpura on June 3, saying it was forced to take the decision due to shortage of coal. But a Coal India Ltd (CIL) official blamed the crisis on Nabha Power itself, saying it had delayed the booking and lifting of coal allotted to it for the peak summer and paddy sowing seasons.

There's no chance of Germany forward Marco Reus staying cool when talking about participating in his first ever major tournament -- the 2018 World Cup in Russia.

The blond striker, who was one of Germany's better players in a poor overall performance when beating Saudi Arabia 2-1 in their last warm-up match on Friday, is eagerly awaiting the upcoming World Cup.

With 420 million customers, roughly 40 per cent of India's population; it is adopting a collaborative and partner ecosystem leveraged approach to achieve its digital business outcomes. It partnered with Google last year for a wider adoption of digital payments, building unique propositions for users and merchants, including specially curated offers.

NEW DELHI: Minister of commerce & industry and civil aviation Suresh Prabhu, struck a bullish note at The Economic Times Supply Chain Management & Logistics Summit 2018, as he outlined the challenges and imperatives for the next level of the India growth story.

Mumbai: A panel of bankers has been formed to look into the feasibility of setting up an asset reconstruction company (ARC) or an asset management company (AMC) for the speedier resolution of bad loans plaguing PSU banks.

The idea of a panel came up at a meeting of PSU banks here on Friday and it has got support from the Union government.

Prime Minister Narendra Modi arrived in China on Saturday for a two-day visit primarily to attend the annual summit of Shanghai Cooperation Organisation (SCO) which is likely to deliberate on several pressing global issues including future of Iran nuclear deal, the impact of US sanctions on Russia and situation in the Indo-Pacific region.

The Election Commission on Saturday rejected Congress' allegations of large-scale discrepancies in the voters' list of Madhya Pradesh, saying field verifications showed that such charges were not borne out.

In a letter to AICC, the poll body said, "The allegations of large-scale entries of multiple voters in these assembly constituencies is not borne out".

The Tamil Nadu government is looking to apppoint a new EPC contractor for its Rs 5,421-crore Ennore Thermal Power Station (ETPS) expansion project that has been stalled mid-way because of the invsolvency case against Lanco Infratech, the original contractor hired for the project. Work on the project has been stopped since August 2017 due to financial problems of the contractor.

JLR retails for May’18 increased 6% YoY to 41.6k. Jaguar retails increased 7% YoY to 14.5k units while Land Rover (LR) volumes increased 6% YoY to 33.8k units. The growth for JLR (Ex-China geography) stood strong at 11% YoY which has been highest growth in last 14 months.

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