The greatest investment wizard of the century, Oracle of Omaha and world’s third richest person Warren Buffett is an avid reader who applies his learnings in foreseeing businesses depending on the respective contemplated potentials. Mr Warren Buffett is very well known for his wisdom and brilliance in the stock markets from many decades now.

Upping the ante in the fight for Essar Steel, Numetal is trying to get control of Odisha Slurry Pipeline Infrastructure (OSPIL) by repaying Odisha Slurry’s dues to lenders. OSPIL is strategically important since its pipelines carry iron slurry to feed Essar Steel’s plant and without access to this pipeline, running the plant could be difficult.

Reliance Jio on Friday announced that its existing Prime members will get to extend their membership for another year free of cost. The company, when it started operations in 2016, had offered Prime membership to users for a year till March 31, 2018, at a one-time charge of Rs 99.

Microsoft has issued a new security patch to fix the earlier security update that was released in January to tackle “Meltdown” vulnerability found in microchips from Intel and other chip-makers. The flaw “CVE-2018-1038” was found in the first patch that was issued to protect Windows 7 x64 or Windows Server 2008 R2 x64 systems from the “Meltdown” vulnerability.

Vodafone India and Idea Cellular are likely to take legal action against Aircel in the next few days to recover their dues, according to people aware of the matter, which will make the duo the first major telecom operators to take such a step against the debt-laden carrier.

Aircel, owned by Malaysia’s Maxis, owes about Rs 60 crore to Idea Cellular including interconnect usage charges (IUC), and a similar estimated amount to Vodafone India, said one of the persons, who did not wish to be identified.

With ICICI Bank embroiled in a controversy over alleged conflict of interest involving its CEO Chanda Kochhar, market regulator Sebi has begun looking into the matter for any possible disclosure and corporate governance-related lapses.

Besides, Videocon Industries and its promoters have come under the regulator's scanner as the matter relates to alleged "quid pro quo" involving loans to the company by a group of lenders, including ICICI Bank and some public sector banks.

Private power generating companies have objected to the sale of power by NTPC to Bangladesh, arguing that domestic coal supply via long-term agreements cannot be used to supply power to other countries.

In a letter to the secretary, Ministry of Power, the Association of Power Producers (APP), the representative body of private power companies, has said bids called by the Bangladesh Power Development Board (BPDB) specifically asked if the power supplied from India had the government’s consent to use domestic coal.

Preparing for a liberalised coal mining regime when private companies will be allowed to commercially mine and sell coal, state-run Coal India is looking at keeping its prices lower than the former by effectively decreasing production costs and attaining higher economies of scale.

According to Gopal Singh, chairman and managing director, Coal India has already been able to decrease production costs by Rs 53 a tonne by increasing the shifts in mines that has reduced a higher proportion of costs as a result of increased production.

In a bid to come to the frontier of the ongoing tariff war, BSNL has introduced a new recharge pack that offers 1GB data to users. The BSNL new STV Rs 118 offers 1GB data to the prepaid customers along with unlimited calls with a validity of 28 days. The new BSNL STV 118 plan will kick in from April 1.

The new BSNL STV 118 plan, however, is only available in Tamil Nadu and Chennai circles, reports TelecomTalk.

The Air India sale has been code-named Project Royal, although the plain truth is that the national airline isn’t the king of Indian aviation. The company has run losses for years and is laden with debt. Even so, like its affable mascot Maharajah, there are things Air India brings to the table that will attract some buying interest.

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