Mumbai: NuMetal Ltd, which has bid for bankrupt Essar Steel Ltd, is willing to drop Rewant Ruia as a consortium partner if the situation so demands, a top official of the company said in an interview.

Rewant Ruia is the son of Ravi Ruia, vice-chairman of Essar Group.

India’s 2011 World Cup-winning skipper, Mahendra Singh Dhoni, has become a brand ambassador of gaming platform Dream11, it was announced today. “The fact that every Dream11 user actually aspires to employ the same kind of thinking prowess that has made MS Dhoni such a master of the game (cricket) truly makes him a unique fit for the Dream11 brand,” a media release said.

Cellular industry body COAI today charged Reliance Jio of “attacking, belittling and making false imputations” against it, and asked its latest member to refrain from issuing legal threats. It also sought public apology from Jio for its recent remarks. Jio had lashed out at the incumbent operators as well as the COAI for their allegations that telecom regulator Trai’s orders were favouring the newcomer.

Country's largest carmaker Maruti Suzuki India (MSI) on Monday said its highest selling model Alto has crossed the 3.5 million cumulative sales milestone.

Brand Alto has clocked a growth rate of 6 per cent in 2017-18, MSI said in a statement, adding that it has garnered a market share of 33 per cent in the ongoing financial year.

NEW DELHI: Deregulation of commercial coal mining will be an opportunity rather than a challenge for Coal India, the company management told trade unions on Sunday as it began work on a blueprint to consolidate its leadership position ahead of impending competition from private players.

The company management met representatives of trade unions BMS, AITUC, CITU and HMS — representing CIL’s three lakh-strong workforce — to clear misgivings over the impact of the government’s decision to allow private companies into commercial mining.

Mumbai: A New York court, in an order on Friday, dissuaded creditors and lenders to Nirav Modi’s Firestar Diamond lnc. from their debt-recovery processes.

While the firms have not named Punjab National Bank (PNB) as a creditor, the bank still has legal options, according to bankruptcy law experts.

Mumbai: Private sector lender HDFC Bank Ltd is looking to launch its equity share sale of up to $2.5 billion (around Rs15,000 crore) in a fortnight, while HDFC Asset Management Co. Ltd (HDFC AMC) will be filing its draft initial public offer (IPO) papers, said three people aware of the developments.

In December, HDFC Bank said it is planning to raise up to Rs24,000 crore through a combination of preferential allotment and qualified institutional placement (QIP).

Guenter Butschek, the 57-year-old managing director of Tata Motors Ltd, has steered the company’s India operations to a profit for the first time in five quarters. But the bigger task that Butschek claims he has achieved is making the company less vulnerable to unpleasant shocks.

“Don’t blame the market for dropping the ball. The best argument for me was that overall market volume dropped but it’s not enough of a reason to trouble your market share,” Butschek said in an interview.

The 2018 edition of the Academy Awards has been highly anticipated, not simply due to the importance of the trophies but also the spirit of activism and speaking out sweeping through the American movie industry. In the wake of Harvey Weinstein and other leading actors and filmmakers accused of sexual misconduct, the Oscars this year brought a number of causes front and centre, from greater opportunities for women to racism and gun control.

Mumbai: Divestment-bound national carrier Air India is looking at raising Rs500 crore by selling land and real estate in 2018-19, and is likely to sell some of its prime properties across the country, two senior officials of the airlines said.

The airline is looking to sell several of its land blocks and real estate including a 4-acre piece of land at Delhi’s Baba Kharak Singh Marg, residential colony at Vasant Vihar, a piece of land in Chennai, and a half-acre plot in Mumbai’s Pali Hill that houses about 14 apartments, one of the officials said.

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