ArcelorMittal says reached pact with Liberty House for sale of Dudelange, Liege assets

NEW DELHI: ArcelorMittal on said Friday it has reached an agreement with Liberty House for the sale of its assets in Luxembourg and Belgium. The assets are the final part of a divestment package the Luxembourg-headquartered company agreed with the European Commission (EC) during its merger control investigation into ArcelorMittal’s acquisition of Ilva SpA. “ArcelorMittal… […]

Sebi to introduce alternative payment mechanism for retail IPO investors from January

NEW DELHI: Capital market regulator Securities and Exchange Board of India (SEBI) on Thursday said it will launch Unified Payments Interface as an alternative payment option for retail investors, buying shares in a public issue, in a phased manner from January 1 next year, which will cut listing time for an IPO to three days […]

Plea by Amrapali CMD, two others for visiting homes on Diwali rejected by Supreme Court of India

NEW DELHI: The Supreme Court of India on Wednesday dismissed the plea of the Chief Managing Director (CMD) of Amrapali real estate group Anil Sharma and two other directors seeking permission to visit their homes to celebrate Diwali and other festivals with their family members. The apex court directed that the CMD and two other […]

Supreme Court asks Modi government to submit details of pricing of 36 Rafale fighter jets

NEW DELHI:The Supreme Court of India has asked the Narendra Modi government for pricing details of the 36 Rafale fighter jets India is buying from France in a sealed cover within 10 days but agreed that “strategic and confidential” information need not be disclosed. In its order, a three-judge bench headed by Chief Justice Ranjan […]

Invest India, WhatsApp partner to empower Indian entrepreneurs and start-ups

NEW DELHI:Invest India through its flagship initiative Startup India has partnered with WhatsApp on a program that focuses on the proliferation of start-ups, promoting economic growth and generating employment opportunities in India. Dedicated to driving success and enhancing grassroots innovation, WhatsApp will invest quarter of a million dollars as seed funding to the top 5 […]

Google fired 48 employees for sexual misconduct: Sundar Pichai

NEW YORK: Google fired 48 employees, including 13 senior managers, over sexual harassment claims since 2016, CEO Sundar Pichai has revealed, asserting that the tech giant was taking an “increasingly hard line” on “inappropriate conduct” by people in positions of authority. In a letter to employees, the Indian-American chief executive officer said Google was “dead […]

What Ambani said about Reliance Jio at India Mobile Congress: Full speech

Full text of Reliance Industries Ltd (RIL) chairman Mukesh Ambani’s speech at India Mobile Congress: Honourable Minister Shri Ravi Shankar Prasadji, Shri Manoj Sinhaji, Ladies and Gentlemen, A very warm good morning. Dear Friends, Today, we are living in an India of unprecedented hope and promise… …An India that is poised to embrace an immensely […]

Tata Motors’ JLR opens $1.6 billion manufacturing plant in Slovakia

NEW DELHI: Tata Motors-owned Jaguar Land Rover (JLR) on Thursday announced the opening of its new state-of-the-art $1.6 billion manufacturing facility in Slovakia, a first for a British automotive brand setting up in the central European country. JLR said its investment is expected to lead to an annual production of 100,000 cars at the new […]

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