industry

BMW will give the possibility of raising its stake in its Chinese joint venture careful consideration, China’s official Xinhua news agency reported, citing a company executive.

AAI prepares specifications for remote air traffic control towers; to invite bids shortly Aug 19 2018

AAI has prepared the specifications for remote air traffic control towers and open tendering process to select entities for setting up such facilities will start shortly, a senior official said.

Vedanta to invest USD 2.3 billion in 'near term' on oil & gas Aug 19 2018

Vedanta Limited has said it will be investing $2.3 billion towards capex on its oil and gas activities in the 'near-term' to increase the reserve base by around 375 million barrels.

Coal India expects 367 MT output from 115 projects by March 2019 Aug 19 2018

Coal India Ltd (CIL) expects 367 million tonne (MT) output by the end of the current financial year from its 115 ongoing projects.

Mitashi eyes doubling sales to Rs 1,000 cr in 3 yrs Aug 19 2018

Mitashi is aiming to double its turnover to Rs 1,000 crore in the next three years on the back of its entry in new verticals.

Jubilant Life Sciences plans Rs 550-cr capex in FY19 Aug 19 2018

Jubilant Life Sciences has earmarked Rs 550 crore for capital expenditure (capex) in the current financial year, a top company official said.

Final hearing in Cairn arbitration against retro tax to begin Monday Aug 19 2018

The final hearing in British oil firm Cairn Energy plc's challenge to India imposing a Rs 10,247 crore retrospective tax demand will begin in The Hague, people familiar with the matter said.

CAG pulls up SAIL for huge coking coal import despite 3 captive mines Aug 19 2018

CAG has pulled up steel giant SAIL for being heavily dependent on imported coking coal despite having three mines for captive use.

Clean Banking is new normal for banks, says Rajiv Kumar Aug 19 2018

The clean banking drive has started showing result with public sector banks (PSBs) increasingly adopting prudent business approach replacing aggressive lending practices, said Financial Services Secretary Rajiv Kumar.