After the Committee of creditors (CoC) of Bhushan Power and Steel rejected Liberty House’s bid as it was submitted after the February 8 deadline, the UK-based firm on Monday moved the National Company Law Tribunal (NCLT) seeking redress. Arguing its case before the NCLT, the Liberty House’s counsel said the resolution professional (RP) or the CoC should consider its resolution plan and not return it as unopened since “the more they get, the better (it is) for the financial creditors”.

National carrier Air India plans to lease "new iPads with pre-loaded content" for service recovery onboard its aircraft.

According to the tender document issued on February 23, 2018, the airline intends to deploy 150 new iPads on 18 aircraft.

The Telecom Regulatory Authority of India (Trai) has issued a consultation paper on whether the current rules to monitor voice quality are sufficient for fourth-generation technology (4G or LTE) networks.

It had announced the latest quality of service regulations in August last year, revising the methods for assessing of call drops. The regulator had also increased the penalty to Rs 500,000 on telecom companies for not meeting the benchmarks.

The Indian luxury car market is becoming a tale of missed opportunities with frequent changes in tax policy, the country’s biggest luxury car player, Mercedes Benz, has said.

Sales of luxury vehicles account for just 1 per cent of the Indian market of over 3 million cars a year. This is low against an average 3-5 per cent in most other countries.

Billionaire Mukesh Ambani's Reliance Jio today escalated the war against the telecom association COAI, of which it is one of the members, saying the body was spreading patent falsity in denying that the recent press statements were directed against it.

In a strongly-worded letter to the Cellular Operators Association of India or COAI - its second such communication in a week - Jio said that the industry body's veiled references to it as being the sole beneficiary of TRAI's regulations were not lost on anyone.

SBI Chairman Rajnish Kumar today said he expects PNB to clear the bank's $212 million (Rs 13 billion) dues in the Nirav Modi case.

"I am very much confident that things will get sorted out between PNB and other banks," Kumar said in an interview to CNBC TV18.

German luxury car maker Mercedes-Benz today said it has launched the enhanced version of its flagship product Mercedes-Benz S-Class -- S 350 d diesel, and also the S 450 petrol -- in India at a price starting from Rs 1.33 crore.

While the Mercedes-Benz S 350 d is priced at Rs 1.33 crore, the petrol version S 450 is priced at Rs 1.37 crore, the company said in a statement.

Calcutta: ArcelorMittal and Numetal Ltd are trying to make a case to establish their credentials as turnaround specialists for stressed assets even as their fate as eligible bidders of Essar Steel continues to remain wrapped in mystery, at least till this weekend.

ArcelorMittal, the world's largest steel maker, which boasts of 50 mergers and acquisitions over the past 25 years, cited several global benchmarks in reviving underperforming steel plants across geographies to make a pitch for Essar Steel, which has struggled to operate as a profitable venture on a sustained basis, especially because of a high debt amounting to Rs 44,000 crore.

Idea Cellular Ltd and Vodafone Group Plc’s Indian unit, which are set to merge to create India’s largest telecom operator, will invest Rs60,000 crore in infrastructure to meet surging demand for data, according to a person aware of the matter.

The companies expect demand to surge sixfold to more than 120 petabytes a day in the near term from around 20 petabytes now, this person said, requesting anonymity.

The recent tariff order issued by the Telecom Regulatory Authority of India has triggered a fresh round of war of words between Mukesh Ambani-led Reliance Jio and the other major service providers — Airtel, Vodafone and Idea, with the latter group alleging the sectoral regulator had distorted “the competitive landscape in favour of one operator … with deep pockets and monopolistic designs.”

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