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31-40 results from 498 for query «essar»

6 December, 2017 7:06 AM Nomura cuts target price on Axis Bank to Rs 620

Global research firm Nomura has maintained its buy call on Axis Bank, but cut its target price to 620 from Rs 640. The firm believes PPOP/asset is readjusting downwards to a new normal, the brokerage believes. The stock had recently rallied on debt repayment by Essar Group through sale of BPO business. The Essar Group will repay debt of various financial 42

7 November, 2017 11:30 AM Crude steel output jumps 5.5% to 8.65 MT in October

Domestic crude steel production rose by 5.5 percent to 8.65 million tonnes (MT) in October 2017 compared to 8.19 MT in the same month last year, according to the official data. "During April-October 2017, crude steel production was 58.416 MT, a growth of 4.7 percent over the same period of the last year," the Joint Plant Committee (JPC) under the Ministry 44

23 October, 2017 9:55 AM Gujarat ro-ro ferry service: Is it really the 'first of its kind project' in India?

Prime Minister Narendra Modi on Sunday visited poll-bound Gujarat for the third time this month and inaugurated the first phase of the Rs 615 crore 'roll on - roll off' (ro-ro) ferry service between Ghogha in Saurashtra and Dahej. "This is the first of its kind project not only in India but also in South-East Asia," PM Modi said during the inauguration 56

23 October, 2017 2:01 AM Market: need2know: 10 macro cues for your day on D-Street

Hello! Here’s a lowdown on top macro triggers that may move market on Monday. This report was compiled from agency feeds. The banking sector fears accretion of more than Rs 40,000 crore of bad loans to its books following recent classification of eight consortium accounts of Axis Bank as non-performing assets by the RBI. The Reserve Bank has directed 58

29 August, 2017 11:27 AM Vodafone Hutch deal: India Sending Li Ka-shing a $5 billion tax bill is so retro

Just because Vodafone Group Plc is in no mood to settle a $2.2 billion withholding tax claim by New Delhi doesn’t mean the latter can turn around and ask Li Ka-shing’s CK Hutchison Holdings Ltd. to cough up $5 billion. The more India engages in such antics, dragging on a five-year-old campaign of retrospective taxation, […] Just because Vodafone Group 69

21 August, 2017 9:20 AM Essar Oil completes sale of assets to Rosneft-led consortium for $12.9 bn

Deal to halve ICICI Bank's exposure to Essar Group Ruia-owned Essar Oil on Monday announced the completion of the sale of its India assets to Rosneft-led consortium for a hefty sum of $12.9 billion. The transaction which will bring down the group's debt by Rs 70,000 crore has also brought to an end the asset monetisation program Essar Group had initiated 69

4 August, 2017 12:08 PM Essar Ports enters pact to build coal terminal in Mozambique

Essar Ports today said it has entered into a concession pact with Mozambique government to develop a new 20 MTPA coal terminal at Beira Port in the Southeast African country. "Essar Ports has signed a 30-year concession agreement with the Government of Mozambique to develop a new coal terminal at Beira Port, as part of a public private partnership (PPP) 41

31 July, 2017 5:03 PM Essar Shipping Q1 net loss widens to Rs 58 crore

Essar Shipping today reported widening of its standalone net loss to Rs 57.8 crore for the quarter ended June 30, 2017. Its standalone net loss in the corresponding quarter of the previous fiscal was Rs 50.4 crore, Essar Shipping said in a filing to the BSE. According to a company official, its net loss widened due to foreign exchange losses 35

17 July, 2017 11:39 AM Gujarat High Court dismisses Essar Steel's plea against RBI; insolvency process to continue

Essar Steel will undergo insolvency proceedings as the Gujarat High Court dismissed the company's plea against the Reserve Bank of India (RBI). According to a senior lawyer, "Now, Essar Steel has the option of going to the Supreme Court. They will take a decision in a day or to as time is a critical factor in this. IT will definitely set a precedent 55

17 July, 2017 11:06 AM Gujarat HC dismisses Essar Steel plea against RBI in bankruptcy case

Ruling a boost for govt, which has tweaked banking laws to empower RBI to tackle the bad debt issue The Gujarat High Court on Monday dismissed Essar Steel India Ltd's appeal against a Reserve Bank of India (RBI) order that asked creditor banks to start insolvency proceedings against the steelmaker, lawyers on the case said. The ruling is a boost to the government 43