NEW DELHI: India's largest real estate firm DLF has sold its seven remaining cinema screens in Delhi—six in Saket and one in Greater Kailash 2—under its cinema exhibition business to Mexican movie theatre chain Cinepolis for Rs 63.67 crore.

The company had earlier sold 32 screens to PVR for Rs 433 crore after the Competition Commission of India gave its nod to the deal. The competition watchdog had, however, asked the firm to exclude seven screens from the transaction to deal with anti-competitive concerns.

NEW DELHI: Air India is likely to enjoy acche din, as its low-cost international subsidiary Air India Express has turned the corner by reporting net profits for the first time since it started operations in April 2005.

The airline reported a profit of Rs 362 crore during the 2015-16 fiscal, helped by lower fuel prices and improved revenues over the past year on the back of flying more people per flight. The airline had incurred losses of Rs 62 crore during the 2014-15 fiscal.

Indian Oil Corporation (IOC) has submitted its bid to enter fuel marketing and retail business in Myanmar.

The state-run firm currently has marketing subsidiaries in Sri Lanka, Mauritius and West Asia. IOC, as part of its overseas expansion, is set to come up with its first international product pipeline to Nepal.

The Securities and Exchange Board of India (Sebi) has tightened the loopholes in the existing spot price polling systems of agri commodities to bring transparency into the system and fix accountability on the exchange or the panellist, effective September 29.

The price polling assumes significance, as the same is used for settlement of contract on the expiry of the respective commodities.

New Delhi: Coal India Ltd., the world’s biggest miner of the fuel, reported the lowest production and shipments in three years after heavy rains flooded its mines.

Coal production in August dropped 10.4% from a year ago to 32.4 million metric tons and shipments declined 9.6% to 36.72 million tons, both plunging to the lowest since the same month in 2013. Rains and local agitations cut output by 2.4 million tons, N. Kumar, technical director at the miner, said on Wednesday.

New Delhi: ITC Ltd’s consumer goods business presents the “maximum potential for value creation in the future”, the cigarette-maker’s newly appointed chief operating officer (COO) Sanjiv Puri said on Thursday in one of his first interviews.

The segment, which does not include cigarettes, allows the company to “leverage its enterprise strengths to the fullest”, said Puri, explaining why ITC expects to ramp up revenue from branded packaged foods and personal care products to Rs.1 trillion by 2030.

Leading bourse National Stock Exchange (NSE) will auction investment limits for overseas investors for purchase of government debt securities worth over Rs 7,000 crore on September 6.

The auction will be conducted on NSE’s ‘e-bid’ platform from 1530 hours to 1730 hours, after the close of market hours.

With one of the largest business conglomerates in India, Reliance Industries Ltd (RIL), parking more than a billion dollars for start-ups in the country, the clogged wheels of the start-up ecosystem might again see motion in India, industry insiders believe.

The Mukesh Ambani-led company on Thursday announced that it is setting up a Rs 5,000 crore fund, under the name of Jio Digital India Startup Fund, to invest in digital businesses. According to analysts, the fresh inflow of funds as and when it happens, might just help in re-igniting investor sentiment in the country.

Bajaj Auto on Friday reported a five per cent decline in its total sales at 3,25,347 units in August as against 3,41,965 in the same month a year ago.

Motorcycle sales during the month fell by four per cent to 2,79,911 units as against 2,90,436 units in August last year, the company said in a BSE filing.

Infrastructure major Larsen & Toubro (L&T) on Friday said its construction arm has bagged orders worth Rs 1,458 crore across business verticals.

"The construction arm of L&T has won orders worth Rs 1,458 crore across its various business segments," the company said in a BSE filing.

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