Cairn Energy offers to forego $500 million if India agrees to pay principal due
NEW DELHI: UK’s Cairn Energy Plc has offered to forego USD 500 million and invest that amount in any oil and gas or renewable energy project identified by the Indian government if New Delhi agrees to honour an international arbitration award and returns the value of loss it incurred because of being taxed retrospectively, sources […]
Market Capitalization of four of 10 most valued companies jumps over Rs 1.14 trillion
NEW DELHI: Four of the 10 most valued companies added Rs 1,14,744.44 crore to their total market valuation last week, with major contribution coming in from IT giants Tata Consultancy Services and Infosys. While Tata Consultancy Services (TCS), Infosys, Hindustan Unilever Limited and Bharti Airtel witnessed gains in their valuation, Reliance Industries, HDFC Bank, HDFC, […]
Bitcoin goes past $60,000-mark again, rises 1.32% to record $60,555.97
NEW DELHI: Bitcoin rose 1.32% to a record $60,555.97 on Saturday, breaking above $60,000 for a second time in 10 days. The world’s biggest and best-known cryptocurrency is up 118.3% from the year’s low of $27,734 on Jan. 4. On April 1, bitcoin crossed the $60,000 mark for the first time since March 18 on […]
Chopper carrying Lulu Group head crash lands in Kerala; taken to hospital
NEW DELHI: A helicopter carrying seven people including NRI businessman M A Yusuf Ali crash-landed at a marshy land near here on Sunday morning, police said here. All passengers including Yusuf Ali, his wife and three staff members of his Lulu Group and two crew members on board the chopper owned by Lulu Group have […]